Hong Kong stock concept tracking|Solid-state battery 0-1 rapid development institutions are optimistic about the iterative launch of the industry (with concept stocks)

Solid-state batteries accelerate industrialization breakthroughs due to their high energy density and high safety advantages.

Semi-solid state batteries have already been loaded on a large scale. All solid-state batteries are expected to be launched in small batches in 2027, and large-scale use in energy storage in 2030. Low-altitude economy and humanoid robots will become new growth points.

The Zhitong Finance App learned that overseas car companies are speeding up their layout, China's policies are strongly promoting the implementation of industrialization, and companies generally plan to achieve mass production in 2027-2028.

According to a research report released by Dongwu Securities, solid-state batteries are expected to complete pilot testing in 2025, be loaded in small batches in 2026-2027, and large-scale mass production will be formed in 2028-2029. Currently, the value of a single GWh device in the pilot phase is 500 to 600 million yuan. In the future, it is expected to drop to 250 million yuan/GWh with large-scale mass production and increased equipment rate and yield. Assuming that 80-100 GWh of all-solid-state battery production capacity will be added in 2029, the annual demand for additional equipment is expected to exceed 20 billion yuan.

According to the Cathay Pacific Haitong Securities Research Report, solid-state batteries have high energy density and high safety, and can meet the special needs of vehicle side, low altitude, humanoid robots, etc. Currently, semi-solid state batteries have been loaded, and the industrialization process is earlier than that of all-solid-state batteries. In fields where cost sensitivity is relatively low, such as humanoid robots and low altitude, solid-state batteries are used earlier than in vehicles. Currently, the industrialization process of the solid-state battery industry is accelerating. Iteration has officially begun, and it is progressing at an accelerated pace from 0 to 1. As the performance of solid-state batteries continues to improve and industrialization accelerates, we are optimistic about the development of solid-state batteries for a long time.

Solid-state battery-related Hong Kong stocks:

Longpan Technology (02465): Jiangsu Sanjin Lithium Battery Technology Co., Ltd., a wholly-owned subsidiary of the company, is involved in the development of solid-state battery ternary precursors. Currently, it is still in the R&D and trial stage. Some precursor materials have been sent to leading companies in small batches and passed customer testing, but no revenue has been generated from external sales, which has not had a significant impact on the company's overall performance.

Ganfeng Lithium Industry (01772): The company has formed a full-chain layout for solid-state batteries, covering key links such as sulfide electrolytes and raw materials, oxide electrolytes, and lithium metal anodes. The company simultaneously promoted the silicon-based and lithium-metal anode routes, where the cycle life of the 400Wh/kg battery exceeded 800 times and completed engineering verification; the first 500Wh/kg 10Ah product achieved mass production in small batches. The silicon-based system achieves a 320-450Wh/kg product gradient layout, and the cycle life of the 320Wh/kg cell exceeds 1,000 times. The company will give full play to the advantages of integration and collaboration between upstream and downstream industries, continue to increase research and development efforts, promote the commercialization process of solid-state batteries, and promote energy transformation and industrial upgrading.

Tianqi Lithium (09696): The company has completed support work related to the industrialization of lithium sulfide, a key raw material for next-generation solid-state batteries, and has tested with more than 10 downstream customers. At present, the company has not mass-produced lithium sulfide products, but the company has completed the development and verification of processes and equipment related to the industrialization of lithium sulfide, and has formed a complete industrialization data package, which will enable the company to rapidly industrialize lithium sulfide, which will help the company to solve the problem of the key raw material stuck in all-solid-state batteries in the future and promote the development of the all-solid-state battery industry chain.