On October 9, the A-share lithium battery sector staged a strong rally. Solid-state battery concept stocks surged higher, driving the entire lithium battery sector steadily upward, with multiple individual stocks hitting the daily limit.
On the news front, the Ministry of Industry and Information Technology and six other departments recently jointly issued the "15th Five-Year Plan for the Development of New-Type Battery Industry" (hereinafter referred to as the "Plan"), setting out a roadmap for the medium- and long-term development of the domestic battery industry. The Plan explicitly proposes that by 2030, China's new-type battery industry scale will achieve steady growth. Full-chain innovation capacity will continue to strengthen, with new breakthroughs in advanced electrode materials, new electrolytes, and high-end auxiliary materials, major progress in new-system battery research and development, preliminary large-scale application of all-solid-state batteries, a cycle life of 15,000 cycles for long-life lithium batteries, and product defect rates of leading enterprises reaching the PPB level. At the same time, the Plan proposes to continuously carry out the construction of a lithium battery standards system and advance standard development in key areas of new-type batteries such as all-solid-state batteries and sodium batteries.
All-solid-state batteries are regarded as an important technological direction for next-generation power batteries. "Compared with traditional liquid lithium batteries, all-solid-state batteries use solid electrolytes to replace traditional liquid electrolytes, offering clear advantages in energy density and safety," said Moke, founder of TrueLithium Research, in an interview. According to widespread industry judgment, 2027 will be a key milestone for small-batch installation of all-solid-state batteries in vehicles, while from 2026 to 2027, semi-solid-state batteries will be the first to achieve volume deployment in new energy vehicles, energy storage, and consumer electronics.
Multiple domestic battery companies and automakers have intensively disclosed progress in all-solid-state battery research and pilot testing, clarifying their respective industrialization timelines. On the automaker side, BYD Company Limited previously disclosed plans to launch batch demonstration installation of all-solid-state batteries in vehicles around 2027. In early September, Yin Tongyue, chairman of Chery Automobile Co., Ltd., stated that the company's Rhino solid-liquid hybrid battery will be installed in vehicles in the fourth quarter of 2026, and all-solid-state batteries will begin vehicle installation verification in 2027. On the battery company side, in September, Farasis Energy (Ganzhou) Co., Ltd. disclosed at an investor exchange meeting that the company's overall all-solid-state battery progress has moved from the laboratory to the pilot stage, and it is accelerating the construction of a sulfide all-solid-state battery pilot line. The 60Ah sulfide all-solid-state battery is expected to roll off the line by the end of this year. In terms of product iteration, the company's second-generation sulfide all-solid-state battery has completed technical development, with an energy density of 500Wh/kg, and the subsequent third-generation product will further advance toward a level above 500Wh/kg. CATL stated that the company continues to invest firmly in all-solid-state batteries, its technology is at an industry-leading level, and small-batch production is expected to be achieved in 2027.
"Upstream material companies are also following suit, continuously advancing process iteration around solid electrolytes, high-nickel precursors, and lithium metal raw materials," Moke said.
From a fundamental perspective, a research report released by Guosen Securities shows that, according to industry chain feedback, the combined production schedules of six battery sample companies included in statistics for October totaled 214.6GWh, a sharp year-on-year increase of 57% and a slight month-on-month increase of 4%. The upstream material side is also recovering in tandem, with production schedules for cathodes, anodes, and electrolytes all showing increases of varying degrees. Industry participants believe that the significant increase in production schedules means battery manufacturers have received more downstream orders, companies are proactively raising utilization rates, and upstream material companies are simultaneously expanding production and stocking up. The rise in production activity across the entire industry chain has become the realistic foundation supporting the sector's short-term rally.
Zhang Xiaorong, dean of the Institute of Deep Technology, told reporters that the rise in the lithium battery sector is being driven jointly by policy expectations and improvements in industry fundamentals. "Whether the subsequent rally can continue depends on two key points: first, whether subsequent production schedules can meet expectations; second, the price trends of industry chain materials and whether the profitability of related material companies can obtain genuine support."