LEAD INTELLIGENT(SZ:300450)2025-10-27 00:31Summary of Solid-State Battery Conference Call Industry Overview - The solid-state battery industry is poised for transformation, with significant advancements expected in the coming years, particularly from 2025 to 2027, which is identified as a critical window period for commercialization and production [1][4][21]. Key Points and Arguments - Energy Density and Safety: Solid-state batteries can achieve an energy density of 500 Wh/kg, significantly higher than the 240-260 Wh/kg of liquid lithium batteries. This is due to the use of solid electrolytes that enhance high-voltage performance and mechanical strength, reducing the risk of thermal runaway [3][4]. - Government Support: Since the establishment of a 6 billion yuan fund in 2024 to support solid-state battery R&D, various local governments and enterprises have accelerated their industrialization efforts [1][5][25]. - Market Growth: The global solid-state battery equipment market is projected to grow from 4 billion yuan in 2024 to over 100 billion yuan by 2030, indicating a significant opportunity for equipment manufacturers [1][6]. - Production Process: The production process is divided into three segments, with the front-end dry process and mid-stage stacking laser cutting and isostatic pressing accounting for approximately 80% of the value. These areas are critical for investment focus [1][8][9]. - Dry Electrode Technology: The dry electrode process eliminates solvent recovery and drying steps, reducing energy consumption and manufacturing costs while avoiding toxic solvents, making it essential for future mass production [10][11]. Additional Important Insights - Material Development: Key materials such as lithium sulfide and lithium iodide are under development, with significant advancements expected in their supply and performance [2][22]. - Equipment Demand: The demand for key equipment in the mid-stage process, such as stacking and laser cutting, is expected to rise sharply as solid-state battery adoption increases [13][14]. - Project Timeline: The timeline for solid-state battery projects includes sample testing by the end of 2025, with large-scale production and vehicle application targeted for 2026, and project completion by 2027 [19][21]. - Policy Developments: Continued government support is anticipated, with a focus on solid-state technology as outlined in the latest energy and new energy vehicle roadmap [25][26]. Conclusion - The solid-state battery industry is on the brink of significant advancements, driven by technological innovations, government support, and increasing market demand. The next few years are critical for stakeholders to capitalize on emerging opportunities and navigate potential challenges in the commercialization process [26].