The industrialization of solid-state batteries has entered the "sprint stage", and listed companies are vying for a share of the multi-billion-dollar market.
Since October, there have been continuous reports of significant breakthroughs in solid-state batteries.
On October 10th, it was reported that Sun Xueliang, a chair professor at Ningbo Dongfang Institute of Technology, collaborated with teams from the University of Western Ontario in Canada, the University of Maryland in the United States, and other institutions to create a new type of halide electrolyte with ultra-high ionic conductivity. They also analyzed the three-dimensional continuous tetrahedral transport path of lithium ions for the first time, enabling the stable operation of all-solid-state batteries in ultra-low temperature environments. The relevant research results were published in the international journal Science. It is understood that this research provides a new technical path for the preparation of ultra-stable all-solid-state batteries and is expected to accelerate the transition of all-solid-state batteries from the laboratory to practical applications.
On October 8th, it was reported that a research team composed of Huang Xuejie's team from the Institute of Physics of the Chinese Academy of Sciences, Huazhong University of Science and Technology, and the Ningbo Institute of Materials Technology and Engineering of the Chinese Academy of Sciences developed an anion regulation technology, which solved the problem of poor contact between the electrolyte and the lithium electrode in all-solid-state metal lithium batteries and provided key technical support for their practical application. The relevant research results were published in the international academic journal Nature Sustainability on the 7th.
On October 7th, it was reported that a research team from the Chinese Academy of Sciences made a breakthrough in the field of solid-state lithium batteries, providing a new path to solve the key problems of high interface impedance and low ion transport efficiency in solid-state batteries. Experimental data shows that the integrated flexible battery constructed based on this material exhibits excellent anti-bending performance and can withstand 20,000 bends. When used as a polymer electrolyte in the composite cathode, the energy density of the composite cathode increases by up to 86%. This research provides new material design ideas and research paradigms for the development of high-performance and high-safety solid-state batteries. Currently, the research results have been published in the international academic journal Advanced Materials recently.
Some industry experts pointed out that these studies have all achieved substantial breakthroughs and are of great significance. On the one hand, in the global solid-state battery race, they have broken the long-term monopoly of Europe, the United States, Japan, and South Korea in the field of solid-state electrolyte materials and formed unique Chinese advantages. On the other hand, these technological breakthroughs will promote China to form new competitive advantages in the fields of new energy vehicles, flexible electronics, and humanoid robots.
The Commercialization Process Accelerates Suddenly
Driven by the global energy structure transformation and the goal of carbon neutrality, power battery technology has become the core battlefield of the new energy revolution. Among them, solid-state lithium batteries are regarded as an important development direction for the next generation of energy storage technology due to their high safety and high energy density.
It is reported that from liquid batteries to all-solid-state batteries, the liquid content gradually decreases (the liquid content of liquid batteries is about 25wt%, that of semi-solid batteries is 15wt%, that of quasi-solid batteries is 5wt%, and that of all-solid-state batteries is 0wt%). As the liquid content decreases, the safety of the battery gradually improves.
The Blue Book on the High-quality Development of Solid-state Batteries in 2025 shows that the industrialization of solid-state batteries has now entered the "sprint stage." It is estimated that by 2030, the global solid-state battery shipments will reach 614.1GWh, and the corresponding market scale will reach the level of tens of billions of yuan. The potential market will expand 60 times in five years.
A report from the Japanese market research institution Fuji Keizai pointed out that it is estimated that by 2045, the global all-solid-state battery market scale will expand to 407.351 billion yuan, nearly 300 times that of 2023.
Public information shows that China's research on solid-state batteries began in the 1970s, almost simultaneously with lithium-ion batteries. However, in the past 50 years, lithium-ion batteries have dominated the market with their mature technology, while solid-state batteries have been dormant for many years due to their technical complexity. After 2015, with the warning of lithium resource shortage and the increasing demand for higher energy density and safety, solid-state batteries have returned to the focus of research and development.
According to China's development plan for all-solid-state batteries, from 2024 to 2026 is the industrialization verification period for all-solid-state batteries; from 2026 to 2028 is the demonstration application period for all-solid-state batteries; and from 2028 to 2030 is the promotion period for all-solid-state batteries. In terms of application, it is expected that solid-state batteries will first be applied in emerging fields such as humanoid robots, wearable devices, drones, and medical devices.
In this context, many places across the country are accelerating the layout of the solid-state battery industry. According to the news from "Beijing Fangshan," the mass production construction project of high-performance solid-state lithium-ion batteries of Weilan New Energy has successfully completed the capping of the steel structure main body and is expected to start trial production in 2026.
Information shows that Beijing Weilan New Energy Technology Co., Ltd., the investor of the project, is a national high-tech enterprise focusing on the research, development, and production of hybrid solid-liquid electrolyte lithium-ion batteries and all-solid-state lithium batteries. It is the only industrialization platform for solid-state battery technology of the Institute of Physics of the Chinese Academy of Sciences.
As one of the 100 major scientific and technological innovation and high-tech industrial projects in Beijing's "3 100" key projects, the project is planned to be constructed in three phases, focusing on the fields of low-altitude power and new energy vehicles. The total construction area of the first-phase project is about 42,000 square meters, and the planned annual production capacity is 200 million Wh.
In the field of all-solid-state batteries, Ningbo not only has strong R & D capabilities but also has a good industrialization foundation. Not only the Ningbo Dongfang Institute of Technology and the Ningbo Institute of Materials of the Chinese Academy of Sciences, but also universities and research institutions such as Ningbo University and the National Graphene Innovation Center are actively deploying research on solid-state batteries and promoting basic research on solid-state batteries and solid electrolyte materials.
As the main body of innovation and the key force in industrialization, enterprises are also showing their strengths and working together on this key track. Currently, there are more than 50 representative battery-related enterprises in Ningbo, covering the entire industrial chain of solid-state batteries, including battery manufacturing, cathode and anode materials, electrolytes, separators, BMS/EMS, and production equipment.
Listed Companies Accelerate Their Layout
Data from Flush shows that there are currently 258 listed companies in the A-share solid-state battery concept sector. Judging from the performance in the secondary market, as of the close on October 10th, the stock prices of 233 listed companies have risen since the beginning of this year.
Among them, the stock prices of 23 listed companies have doubled. Haibosichuang (688411.SH), Jinghua New Materials (603683.SH), and Shanghai Xiba (603200.SH) rank among the top three, with their stock prices rising by more than 200% this year.
Judging from the recent trend, Ganfeng Lithium (002460.SZ) issued an announcement on abnormal fluctuations in the stock trading price. The cumulative deviation of the daily closing price increase of the company's A-share stock trading price exceeded 20% within three consecutive trading days (September 29th, 2025, September 30th, 2025, and October 9th, 2025).
The company has a complete upstream and downstream integrated layout of solid-state batteries and has commercialization capabilities. The company has R & D and production capabilities in key aspects of solid-state batteries such as sulfide electrolytes and raw materials, oxide electrolytes, metal lithium anodes, battery cells, and battery systems. The company has launched a flight series power supply suitable for the low-altitude economy. The energy density of the high-specific-energy battery ranges from 320Wh/kg to 550Wh/kg, and the maximum cycle can reach 1000 times. It has passed the vehicle regulatory standard GB38031 - 2020 and has reached cooperation with well-known drone and eVTOL enterprises.
Tinci Materials (002709.SZ), the world's largest electrolyte manufacturer, also disclosed its latest progress in solid-state battery materials on the investor interaction platform. "Currently, the company mainly focuses on related materials in the sulfide and oxide systems. The solid electrolyte of the company's sulfide route is in the pilot test stage, and at this stage, it is mainly used to cooperate with downstream battery customers for material technology verification." From September to September 26th, Tinci Materials' stage increase reached 58.86%.
On October 10th, Liyuanheng (688499.SH) said on the investor interaction platform that the company's first solid-state battery production line has been delivered successively and is in the stage of equipment commissioning and process verification at the customer's site. At the same time, the company always keeps up with the forefront of battery technology, actively deploys advanced fields such as all-solid-state batteries, and has communicated with more than 30 customers about solid-state battery technology and business. In the overseas market, the company has delivered solid-state battery front-end equipment to a US customer and is promoting the equipment verification work of customers in domestic and foreign regions.
On October 9th, Tiantie Technology issued an announcement saying that the company passed two proposals and decided to invest 301.5 million yuan to layout the solid-state battery industry, which will be specifically used for the factory built by Xinjie Energy in the Xiaoshan Economic and Technological Development Zone.
Xinjie Energy was established in 2020 and focuses on the R & D and production of solid-state lithium batteries. Its core technical route is to use oxide solid electrolytes with lithium metal anodes. In November 2024, it launched the "Falcon" solid-state battery with an energy density of 480Wh/kg, which has completed flight tests on the eVTOL (electric vertical takeoff and landing aircraft) of its customer EHang Intelligent and has the ability to charge and discharge at high rates and adapt to complex environments.
This article is from the WeChat public account "Lanfu Finance Network", author: Lanfu Finance Network. It is published by 36Kr with authorization.