According to the CITIC Construction Investment Research Report, in terms of lithium battery equipment, lithium battery production has reached a record high, and the solid state has entered a new stage of loading. First, the lithium battery production schedule is high. In August, the total production schedule for the entire lithium battery market in China was about 304 GWh, +7.4% month-on-month, exceeding the 3% to 5% range predicted at the beginning of the month. Energy storage cell production schedule was 125 GWh, a net increase of about 10 GWh month-on-month. Centralized preparation of overseas storage projects drove energy storage to become the number one growth engine. Second, solid-state industrialization is accelerating, and many milestones have been implemented intensively. Third, on the equipment cash side, the all-solid-state dry rolling equipment jointly developed by Xianhui Technology and Qingtao Energy has been delivered, and the solid-state equipment forward-looking card slot has opened a second growth curve. In terms of the pace of industrialization, 2026 is the first year of all-solid-state certification. GAC launched hybrid solid-liquid battery loading verification. Ningde Era and BYD respectively plan all-solid-state small-batch production and demonstration loading in 2027. The cost of sulfide electrolytes has been reduced by more than 35%, driving the shift from “technically feasible” to “economically viable”. Currently, the sector is in the “high production schedule+solid state loading verification+equipment implementation” triple resonance window, and continues to be optimistic about the allocation value of the lithium battery equipment and solid state battery sector.

According to the CITIC Construction Investment Research Report, in terms of lithium battery equipment, lithium battery production has reached a record high, and the solid state has entered a new stage of loading. First, the lithium battery production schedule is high. In August, the total production schedule for the entire lithium battery market in China was about 304 GWh, +7.4% month-on-month, exceeding the 3% to 5% range predicted at the beginning of the month. Energy storage cell production schedule was 125 GWh, a net increase of about 10 GWh month-on-month. Centralized preparation of overseas storage projects drove energy storage to become the number one growth engine. Second, solid-state industrialization is accelerating, and many milestones have been implemented intensively. Third, on the equipment cash side, the all-solid-state dry rolling equipment jointly developed by Xianhui Technology and Qingtao Energy has been delivered, and the solid-state equipment forward-looking card slot has opened a second growth curve. In terms of the pace of industrialization, 2026 is the first year of all-solid-state certification. GAC launched hybrid solid-liquid battery loading verification. Ningde Era and BYD respectively plan all-solid-state small-batch production and demonstration loading in 2027. The cost of sulfide electrolytes has been reduced by more than 35%, driving the shift from “technically feasible” to “economically viable”. Currently, the sector is in the “high production schedule+solid state loading verification+equipment implementation” triple resonance window, and continues to be optimistic about the allocation value of the lithium battery equipment and solid state battery sector.