20251109-开源证券-电力设备行业固态电池行业周报（第二十二期）_海目星打通锂金属固态电池量产工艺获4亿订单_回天新材与太蓝新能源达成固态胶粘剂战略合作_11页_1mb

Solid-state battery industry update from week ending November 7, 2025:

• Market performance see solid-state battery index increase by 3.1% for the week, driven by strong gains in cathode and electrolyte materials, with an average gain of 1.8% for solid-state related stocks. Notable performers included Huasheng Lithium Electrode (+61.2%) and others, while losers like Nako NOR ( -9.9%) were dominant.

• Key developments:

  • Haicom successfully ran lithium-metal solid-state battery production lines, securing a 400 million yuan (2GWh) commercial deal, marking the industry's first large-scale order.
  • Huatian Xinye partnered with Tai Lan New Energy for joint R&D on solid-state adhesives, aiming to tackle technical challenges like ion conductivity, and expanding negative electrode glue capacity to support mass production.
  • LithiumCorp and Kunlun Xincai formed a JV to accelerate sulfide electrolyte business through R&D and global customer expansion. They reported progress at the 2025 Solid-State Battery Technology Forum.

• Overall outlook positive, with solid-state batteries transitioning from lab to production tests by year-end 2025, and new applications in AI, robotics, and low-altitude drones boosting market potential. Recommended stocks include CATL, state-backed firms like National Blade Intelligence Group, and sector-specific picks like equipment providers, battery makers, cathode/alkali materials suppliers, conductive agents, silicon-carbon anodes, metal lithium options, and aluminum-plastic film producers.

• Key risks involve technical breakthrough failures, delayed production scales, or reduced demand from emerging uses.

• Statotonic forces fluctuated, with industry expert Yin Shenglu maintaining a neutral investment stance based on current trends.