Solid-state batteries achieve multiple breakthroughs: Over 10 Companies Announce Densely Within Half a Month, Stock Prices Soar

EVTank predicts that all-solid-state batteries will achieve small-scale mass production in 2027 and larger-scale shipments by 2030, with global solid-state battery shipments reaching 614.1 GWh, of which the proportion of all-solid-state batteries will be close to 30%.

Since August, the solid-state battery concept has experienced fluctuating increases, with the stock prices of several companies within the sector reaching all-time highs. On the most recent trading day (August 15), stocks such as Jiuri New Materials (688199), Tongguan Copper Foil (301217), and Nord Shares (600110) in the solid-state battery sector saw another significant rise.

The fervent reaction in the capital market is due to more than a dozen listed companies disclosing the mass production progress of solid-state battery businesses.

Battery====

On August 14th, Penghui Energy (300438) stated on the investor interaction platform that since the solid-state battery launch event at the end of August last year, the company has been continuously iterating and optimizing its solid-state battery technology. The energy density of solid-state batteries has been increased from 280Wh/kg to 320Wh/kg. The new generation of solid-state batteries features a solid electrolyte layer that automatically adapts to the volume changes of active materials, eliminating the need for a pressurized module, resulting in more stable battery performance. The construction of the solid-state battery pilot production line is currently progressing as planned, and it is expected to be completed by the end of September 2025. In terms of application fields, solid-state batteries can be used in the future for new energy vehicles, drones, humanoid robots, medical devices, consumer electronics, and other areas.

Additionally, Penghui Energy is currently developing consumer semi-solid state batteries, which have already passed the nail penetration test and are being prepared for sample delivery to major clients.

On August 13, Funeng Technology (688567) stated on the investor interaction platform that the development and industrialization of the company's all-solid-state batteries are progressing smoothly, and the mass production schedule has been further advanced. By August 2025, the company will have completed sample deliveries of sulfide all-solid-state batteries to a leading humanoid robot customer. By the end of this year, the pilot production line for all-solid-state batteries will be operational, and small batch deliveries of 60Ah sulfide all-solid-state batteries will be made. From 2026 to 2027, the company plans to advance small batch mass production for vehicle installation and support the construction of a GWh-level production line, with large-scale mass production expected by 2030.

In terms of product roadmap planning, Funeng Technology is accelerating the iteration of all-solid-state battery products. In 2025, it will launch and deliver the first generation of sulfide all-solid-state batteries, using high-nickel ternary cathodes and high-silicon anodes, with an energy density of up to 400Wh/kg. In 2026, the second generation of sulfide all-solid-state batteries will be introduced, with cathode materials upgraded to lithium-rich manganese-based/high-nickel cathodes and using lithium metal anodes, further increasing energy density to 500Wh/kg. By 2027, the third generation of sulfide all-solid-state batteries will be launched, achieving an energy density leap to above 500Wh/kg.

On August 13, Gotion High-Tech (002074) stated on the investor interaction platform that the company's solid-state battery, Jingshi Battery, is in the pilot production stage, and the yield rate of the company's all-solid-state battery pilot line can reach 90%. Meanwhile, the company has officially commenced the design work for the first-generation all-solid-state battery 2GWh mass production line.

Notably, Anhui Anwar New Energy Technology Co., Ltd. recently announced that its independently developed world's first GWh-level new solid-state battery production line has successfully produced its first batch of engineering samples. On August 12, Gotion High-Tech, in response to an investor's inquiry, stated that the company is one of Anwar Technology's shareholders, with a shareholding ratio of approximately 5.90%.

On August 12, DEL shares (300473) stated on the investor interaction platform that the company has already established a solid-state battery sample trial line in Shanghai and is currently accelerating the construction of a pilot production line. After the pilot line is operational, the company will gradually begin planning and implementing mass production line construction based on customer and product development progress and market demand.

On August 11, according to the official WeChat account of Sacred Sun Power Sources Co., Ltd. (300068), the company recently successfully signed an order for an independent energy storage project with a total capacity of up to 2.8 GWh. The project will entirely use the 314Ah semi-solid-state energy storage batteries independently developed by Sacred Sun. The order secured by Sacred Sun Power Sources consists of three independent energy storage projects with a total capacity of 2.8 GWh. Among them, the project in the Shenzhen area has a scale of 1.2 GWh, while the Shanwei area hosts two projects, each with a capacity of 800 MWh.

Materials====

On August 15, China Minmetals New Energy (688779) stated on the investor interaction platform that the company continually monitors market trends, focusing on the technological breakthroughs of all-solid-state battery materials. It emphasizes the development of high-interface flux solid-state battery high-nickel cathode materials and lithium-rich manganese-based cathode materials. As of now, related products have achieved batch delivery at the scale of hundreds of kilograms.

On August 15, Rongbai Technology (688005) stated on the investor interaction platform that the company is advancing in parallel on two fronts: cathode materials and solid-state electrolytes. It ranks as the top supplier for several leading solid-state battery companies. The sulfide electrolyte materials for solid-state batteries have already been shipped in small batches and have been recognized by many domestic and international customers. The material's particle size and ionic conductivity performance are at the forefront of the industry. By reasonably adjusting the doping process, the material's air stability has been significantly improved. The pilot line for sulfide electrolytes is being accelerated, with the design for continuous production of electrolytes completed, and some mass production equipment has completed material verification. It is expected to be completed in the fourth quarter and put into mass production at the beginning of 2026.

On August 13, Enjie Co., Ltd. (002812) stated on the investor interaction platform that in terms of the layout of all-solid-state battery materials, the company's subsidiary, Hunan Enjie Frontier New Material Technology Co., Ltd., is focused on the research and development and layout of high-purity lithium sulfide, sulfide solid electrolytes, and sulfide solid electrolyte membrane products. The pilot line for high-purity lithium sulfide with a capacity of hundreds of tons has been completed, and the 10-ton sulfide solid electrolyte production line has been built and is capable of supplying products. However, it has not yet generated large-scale revenue.

Enjie Co., Ltd. also stated that the commercialization and widespread adoption of all-solid-state batteries will take a long time. In addition to technical issues such as interfaces and processes that need to be resolved, their higher cost compared to existing liquid lithium batteries means they do not have an advantage. Therefore, the company believes that the future application scenarios for all-solid-state batteries will be in niche fields such as aerospace and deep-sea applications, where there are high performance requirements for batteries and lower sensitivity to cost.

On August 13th, Taihe Technology (300801) stated on the investor interaction platform that the company's related products for solid-state batteries, including lithium sulfide, sulfide solid electrolytes (Lithium Phosphorus Sulfur Chlorine, LPSC), and lithium bis(trifluoromethanesulfonyl)imide (LiTFSI), are currently in the pilot stage. The projects for solid electrolytes such as lithium aluminum titanium phosphate (LATP), lithium trifluoromethanesulfinate, and lithium trifluoromethanesulfonate (LiCF3SO3) have completed the small-scale testing phase. Among them, lithium bis(trifluoromethanesulfonyl)imide (LiTFSI) and lithium trifluoromethanesulfinate have already been sent for sample validation.

On August 13, Daoz Technology (300409) announced that the company plans to reassess and temporarily suspend the implementation of its annual 100,000-ton ternary precursor project and the Daoz New Energy Recycling Research Institute project. The company stated that based on its assessment of the current new energy market, Daoz Technology's strategic focus will further concentrate on the solid-state battery materials technology sector. To achieve optimal resource allocation, after comprehensive consideration, the company has decided to temporarily suspend the implementation of the Daoz New Energy Recycling Research Institute project and fully dedicate its research and development resources to the research and development of solid-state battery-related materials technology.

According to previous reports, Daozhi Technology has fully laid out the core materials for solid-state batteries and is actively solidifying the process technology for solid-state battery materials. The company is systematically advancing the research, development, and market promotion of various material segments, and its collaboration with downstream clients is progressing in an orderly manner. Single-walled carbon nanotubes and silicon-carbon anodes have been supplied to downstream solid-state battery manufacturers. Solid and semi-solid electrolytes are actively being co-developed and tested with leading enterprises, with positive feedback on the results. Currently, multiple tests are being conducted in accordance with the supply schedule, striving to meet customer demand for supply.

On August 12th, Tianhua New Energy (300390) stated on the investor interaction platform that the lithium-rich manganese-based cathode materials developed by the company have completed research and development samples and have been sent to multiple solid-state battery customers for evaluation. These materials are capable of demonstrating high specific capacity and good stability within the customer systems. Some customers have already passed the evaluation and achieved sales.

On August 6, Defu Technology (301511) stated on the investor interaction platform that the company's independently developed and produced ultra-thin high tensile strength copper foil, atomized copper foil, and other products can serve as solutions for semi/solid-state batteries and supercapacitors. These products can be ultimately applied in the drone field, where high energy density is required. Currently, the company has achieved mass supply and shipment of copper foil for use in the drone field.

On August 4th, Hongyuan Pharmaceutical (301246) stated on the investor interaction platform that the company has completed the preparation of kilogram-level sulfide electrolyte precursors and electrolyte samples, and is currently conducting testing and verification of solid-state electrolytes.

On August 4th, GEM (002340) stated on the investor interaction platform that as the world's largest supplier of high-nickel ternary precursors, GEM began developing products for cathode materials for solid-state batteries as early as 2019. These products are compatible with one or more solid electrolytes such as halides, sulfides, polymers, and oxides. This includes high-nickel, ultra-high-nickel, and lithium-rich manganese-based cathode materials, with technical layouts and breakthrough progress achieved across various technological routes.

It is reported that GEM's solid-state battery lithium-rich manganese-based precursor materials have also entered the ton-level certification and shipment stage, covering mainstream downstream application scenarios such as 3C consumer electronics, drones, and robots.

Notably, on August 5th, with the pre-sale launch of SAIC's brand new MG4, SAIC Motor Corporation's (600104) self-developed semi-solid-state battery will be the first to be mass-produced and installed in vehicles. The price of this model will be announced in September, and it will be delivered in bulk within the year. This event also signifies that the market for semi-solid-state batteries in downstream applications will gradually open up.

Chen Cui, General Manager of SAIC MG Brand Division, stated that the new MG4 will be equipped with SAIC Qingtao's 2nd generation semi-solid-state battery. This battery excels in indicators such as low-temperature discharge power and low-temperature energy retention rate. In terms of safety, thanks to technological breakthroughs in fundamental materials like semi-solid electrolytes, the battery pack does not emit smoke or catch fire even under extremely rigorous 10-pin three-way puncture tests, fundamentally eliminating the risk of spontaneous combustion.

According to the latest research report released by China Securities Construction Investment, with the release of policy dividends, market demand upgrades, and continuous technological iteration, the industrialization pace of the solid-state battery industry is gradually becoming clear, market size is rapidly growing, technical routes are gradually focusing, and application scenarios are gradually expanding.

At the industrialization level, pilot production lines will be intensively established domestically in 2025-2026 to initiate verification of all-solid-state battery installations in vehicles. By 2027, small-scale installation of all-solid-state batteries in vehicles will be realized. Between 2028 and 2029, they are expected to be first adopted in high-value areas such as low-altitude economy and robotics. By 2030, they will enter the stage of large-scale application in mid-to-high-end power sectors.

At the technical route level, the oxide route is dominant in the semi-solid state phase, while the sulfide route is chosen by more manufacturers in the all-solid-state phase. The polymer and halide routes serve as effective supplements.

In terms of application scenarios, solid-state batteries are transitioning from being primarily used in vehicles to permeating across all scenarios. In addition to new energy vehicles and energy storage, emerging fields such as the low-altitude economy and robotics have a high acceptance of the initially high prices of solid-state batteries, and are expected to be the first to implement applications in these areas.

At the market size level, with the conclusion of the Ministry of Industry and Information Technology's solid-state battery project in 2027, the domestic shipment volume of solid-state batteries will enter a rapid growth phase, expected to increase from approximately 7GWh of solid-state and semi-solid-state batteries in 2024 to over 65GWh by 2030.

According to the global market, the "White Paper on the Development of the Global Solid-State Battery Industry (2025)" previously released by the research institutions EVTank, Ivy Economic Research Institute, and China Battery Industry Research Institute, indicates that the global solid-state battery shipment will reach 5.3GWh in 2024, representing a significant year-on-year increase of 4.3 times. All of these are semi-solid-state batteries, primarily produced by Chinese companies.

EVTank expects that all-solid-state batteries will achieve small-scale mass production in 2027 and larger-scale shipments by 2030, with global solid-state battery shipments reaching 614.1 GWh, of which the proportion of all-solid-state batteries will be close to 30%.

Since 2025, the demonstration applications of semi-solid-state batteries and sodium batteries have been continuously increasing, and the timeline for small-scale mass production of all-solid-state batteries is also approaching. As innovation in next-generation battery technology and industrial challenges intensify, how can we seize the high ground? From November 11-13, 2025, the 12th China (Suzhou) Battery New Energy Industry International Summit Forum (ABEC 2025 | Battery "Davos"), organized by the Zhongguancun New Battery Technology Innovation Alliance and the ABEC Organizing Committee, will be held in Suzhou, Jiangsu. The theme of this forum is set to be..."Seeking Innovation and Adapting to Changes: Resilience and Determination in the Reshuffling Cycle of China's Battery New Energy Industry"The above content will be translated into English."Breaking Through with Technology: Innovations and Industry Challenges of Next-Generation Battery Technologies such as Solid-State Sodium"Conduct in-depth discussions on sub-forum topics. At that time, more than 600 top domestic and international enterprises, listed companies, specialized and sophisticated enterprises, gazelle enterprises, unicorns, renowned institutions, investment funds, industry associations, and government departments will attend the conference for precise matchmaking and valuable dialogues.