未知机构：固态年会干货及中期评审进展更新20260209国联民生电新-20260211

Summary of Solid-State Battery Conference and Mid-Term Review Industry Overview - Focus on the solid-state battery industry, particularly the outcomes of the solid-state battery academic and industrial conference held on February 7-8, 2026, and the results of the second mid-term review [1][2] Key Conclusions from the Conference - The conference is seen as a turning point for solid-state batteries transitioning from laboratory to production lines - Four main conclusions were drawn: - Sulfide materials are becoming the mainstream technology - Key industry timelines are set for 2027 for demonstration vehicles and 2030 for mass production - Significant challenges remain in process costs and industry chain collaboration - Clear advancements in lithium metal anodes and composite cathode technologies [1][2] Mid-Term Review Results - The second round of mid-term evaluations showed significant improvements over the first round, with leading manufacturers nearing commercialization thresholds - Key performance metrics include: - Cycle life target of 300 cycles or more, with leading manufacturers achieving close to this threshold with a decay rate of ≤10% - Energy density metrics reached 350-360 Wh/kg, the highest among all tested companies - Fast charging capabilities of 1C and peak performance of 2C, comparable to current ternary power batteries - The "no anode" (self-generating anode) approach is highlighted as a core innovation, offering significant improvements in energy density and potentially extending cycle life [3] Key Information from the Conference - High-profile attendees included the Minister of Industry and Information Technology and various battery and automotive companies - The overall industry pace is set for 2026 to be the year of solid-state batteries, with a ramp-up phase from 2028 to 2030 - The preference for sulfide electrolytes is confirmed, with leading manufacturers opting for the no-anode solution while others choose silicon-based or artificial graphite anodes [4] Catalysts and Industry Progress - The positive results from the mid-term review, combined with manufacturers' goals for near-term production, are boosting confidence in the industry - Rapid advancements in the construction of solid-state battery production lines are underway, with equipment tenders for various processes already initiated - Upcoming tenders for dry dispersion and dry film processes are expected to commence shortly, with further equipment tenders planned for early 2026 [5] Investment Recommendations - Recommendations focus on three main areas: materials, equipment, and electrolytes, aligning with mainstream technologies such as no anode, sulfide electrolytes, and dry processing - Specific investment targets include: - No Anode Materials: Top recommendation is Zhongyi Technology, a key supplier benefiting from lithium battery expansion, with expected revenues exceeding 250 million in 2026 - Equipment: Recommended companies include Lingge Technology and Huazi Technology, which are positioned to benefit from the expansion of solid-state electrolyte production - Electrolytes: Strong recommendation for Xiamen Tungsten New Energy, a core supplier for leading electronic manufacturers, with potential to dominate in the lithium sulfide sector [6][7]