但进球之后,图赫尔并未选择乘胜追击,反而接连做出偏重防守的换人调整,全队阵型回收,将控球权拱手相让。
1、天博官方 在葡萄牙体育执教时期,他就曾赋予布鲁诺·费尔南德斯这一要职,之后B费也跻身英超顶级中场行列。
最近,全网都在帮量贩零食算账。天博官方阿根廷人的那股永不言败的劲头,一直支撑着他们。
2、盘盘7种“过气装修”,当年风靡全网,现在只想拆掉重装
我们的核心价值就是把硬盘做得更好、把容量做得更高,同时保证性能等各方面持续提升,从而支撑未来数据规模的持续增长。

3、童年回忆又少一位!95岁老戏骨史崇仁离世,西游记经典落幕
小组赛0比0被加纳逼平,也暴露出球队阵地战攻坚办法不多的问题。
4、NBA交易动向:勇士要组4巨头,掘金要组王炸组合,伦纳德即将离队
红黑军团仅用两周时间就完成了贡萨洛·拉莫斯与马里奥·希拉两笔重磅引援,总投入突破1亿欧元,跻身欧洲俱乐部夏窗支出榜前五。
5、世青赛日本两战狂负91分!八村塁接班人名不副实 这是亚洲之光?
他们深知,中国是他们在全球最重要的球迷市场之一。
球队防守端还算稳健,三场只丢1球,但进攻端效率不稳定,面对密集防守时容易出现控球多、威胁少的问题。
当英格兰队在世界杯的赛场上奋力拼杀时,中场核心德克兰·赖斯正承受着常人难以想象的痛苦。
6、南海没签字,安理会来要票:印度这是想瞎了心了吗?
因此,瞄准AI宠物市场的企业们也深知情感才是这笔生意的核心。
25/26赛季结束后,争四失败的AC米兰持续动荡,在主教练、CEO、体育总监、技术总监全部被辞退的情况下,红鸟高级顾问伊布独善其身。
7、迎战用电高峰 各地多举措织密保供安全网
在整个AI短剧漫剧产业链中,AI影视创作应用成为竞争最密集的地带,这也成为吴太兵所说的“练兵场”。
万达就此成为国际足联顶级全球合作伙伴,和阿迪达斯、可口可乐、VISA平起平坐。
8、14+7+4+1.5断!勇士真的淘到宝了
他们的防守组织严密,纪律性强,小组赛仅丢1球就是最好的证明。
由于双方球员参加世界杯半决赛,原定的联赛揭幕战对阵毕尔巴鄂竞技被迫推迟,因此巴萨新赛季首个正式联赛主场将安排在8月29日或30日迎战巴列卡诺。
这段漫长的沉寂,让富勒姆在行使2400万欧元买断权时变得犹豫不决。
9、凌晨亮剑护民生 沾化区人民法院集中执行行动拘传4人、执行到位金额6万余元
俱乐部的近期目标是争取在10月开放部分第三层看台,该计划尚待巴塞罗那市政府批准,后续将分阶段逐步开放直至达到满座容量。
” 他指出三大瓶颈:固固界面稳定性,固态电解质与电极之间的微观缝隙导致阻抗飙升;锂枝晶安全性,三星SDI 2024年全固态电池起火事故已成行业阴影;硫化物电解质的空气稳定性,遇水即分解,对生产环境要求极其苛刻。
10、山东男篮官宣:祝铭震、杨文学正式加盟山东高速男篮
内部评估认为,罗杰斯是球队进攻体系的理想拼图。
订单、现金流、用户留存、监管文件和产业数据属于硬证据,项目宣传、市场传闻和个人推断只是线索。
1、恭喜广东队!洛夫顿疑似拒绝降薪续约上海,朱芳雨有望出手截胡?
不过,现阶段仍然有很多工作要做,比如异构GPU架构的适配,以及更多生态伙伴共同支持。
2、含金量还在上升!西班牙7胜1平夺得世界杯 唯一没赢的就是佛得角
接下来的问题在于,他将如何融入球队?或者说,卡塞米罗能为球队带来什么?毕竟,迈阿密国际的中场配置已经相当齐整。
3、最败家富二代濒临破产?800亿地产豪门,快被接班人卖光了
球队的核心思路是通过中场控制掌握比赛节奏,利用边路球员的速度和突破能力拉开宽度,再通过中路渗透或传中制造威胁。C罗含泪告别世界杯!遗憾落幕满场嘲讽,最后竟是他说了句公道话三外援不仅包办了全部进球,更在传射循环中展现了极高的战术素养。
4、内线独木难支困死山东,邱彪是否该全力追逐李炎哲?
一座奖杯抹不掉那些艰难的年月。
5、世界杯决赛阿根廷vs西班牙!这支斗牛士军团中谁曾是梅西队友?
2026年世界杯本被视为莱奥职业生涯的重要转折点,但他未能抓住机会提升自己的市场价值。
6、夜读丨儿时枣香
每年都有学生栽进差不多的几种坑里。
巴萨紧盯着马竞的每一步动向,等待看对方是否最终被迫进行一次大交易。
另一方面,过去数十年来,耐克在中国依靠滔搏、宝胜等头部经销商实现市场拓展,而单方面终止线上经销业务,不仅会重创经销商收益预期,还可能经销商会减少耐克资源倾斜,优先主推安踏、阿迪、李宁,或是其他户外品牌。
7、情系辽宁!官方致谢赵继伟捐款10万元 驰援辽宁灾区抗洪救灾
从业务角度来看,地平线机器人、Momenta的客户存在重合之处,大众、比亚迪等车企同时是两家公司的客户。
新赛季临近,巴萨迎来了一个好消息:费尔明·洛佩斯的恢复已进入最后阶段,即将迎来期待已久的复出。
8、围观了北京第一届黑色羽绒服大赛,我笑疯了
球队的身价或许不能说明球队真正的整体战力,但来自德转的球员身价统计也算是衡量球员和球队水平的一个较为客观的评价。
无论是坐镇中场梳理进攻,还是在球队伤病潮时客串右后卫,他从未有过半句怨言,且总能交出满分答卷。
在这一背景下,耐克的线上运营费用率自然可能显著抬升,虽然直营化改革,能够直接提升品牌方的毛利率,但广告、仓储、人力成本等方面的上涨,会让直营模式的盈利优势大幅稀释。
每当姆巴佩试图挠西班牙的痒处,非但挠不到,反而碰了一鼻子灰。
用户男篮好消息!公牛抛弃日本后卫,或迎战中国,老叔:八村垒来照打 为2026信奥C++冲刺,为什么越来越多的家长选择斯坦星球?赠送CBA速递!广东积极寻求得到林葳签约权,山东男篮兜售谢智杰,南京签约李玮灏,李云开重返CBA国展
+97987
用户OpenAI:ChatGPT已直连Apple健康数据,化验单、睡眠记录都能直接提问 为别再写提示词,Claude官方亲自教你用4种循环自动干活赠送7月24日A股公告投资合作一览:天齐锂业、欣旺达、剑桥科技等人气票
用户从450箱到1600箱!中卫这个乡镇林下经济跑出振兴加速度! 为强势复苏!新疆男篮主场125-105大胜辽宁 终结尴尬十连败赠送争议?英超3大豪门祝贺阿根廷进决赛!切尔西庆祝恩佐进球遭狂骂点赞最棒
+21055
用户不会退役!35岁老将确定再战一年,十年CBA生涯终圆冠军梦 为科技七巨头单日抹去近9000亿美元!华尔街老将喊话:市场过度反应,地缘危机即买点赠送绍兴双休岗位招聘:会计/经理/助理运营/跟单等岗位空缺,月薪高至3W/月~人气票
用户德尚太残忍?35岁足坛第一老好人枯坐8场冷板凳 无数球迷的意难平 为腾讯大模型团队再调整:成立基础模型部,姚顺雨职责扩大赠送韩国叔圈的“顶级法拉利”们,今年又杀疯了!人气票
用户不打自招?饶毅质疑国自然二等奖没有科学价值,被三个课题组举报 为虹口举行国际传播与国际社区建设研讨交流活动赠送又一奇幻剧即将来袭,全员都是实力派演员,熬夜追不过瘾人气票
而开源模型的扩散效应会直接利好两方面: 一方面,最直接的就是增强自己在企业、开发者和普通用户间的存在感,加速基础模型的商品化。我要发布>>
由于主教练和体育总监的职位空缺,AC米兰的更衣室开始出现躁动,多名主力球员都有离队的想法。我要发布>>
”更有球迷将矛头直指教练组,认为韩鹏在场边面对肋部被打穿、防线接连犯错时,全程缺乏有效的战术调整与应对手段,临场指挥近乎“隐身”。我要发布>>
本轮锂价快速下行,核心诱因是供给端产能集中释放。我要发布>>
他进一步解释:“领先后,我们没有继续追求第二个进球。我要发布>>
对于阿隆索来说,在8月正式比赛打响前迅速捏合好这支新球队,是一项不小的挑战。我要发布>>
澜起科技称,2026年上半年经营业绩实现大幅增长,主要是受益于AI产业趋势,行业需求旺盛。我要发布>>
Nexfin News — China’s lithium battery industry is undergoing a rite of passage, transitioning from wild expansion to disciplined competition. In the first half of the year, a rare divergence between surging corporate earnings and falling stock prices brought a permanent shift in the sector’s underlying dynamics into sharp focus. By mid-July, A-share lithium battery stocks pulled back despite dramatic midyear earnings forecasts. Tianqi Lithium projected net profit growth of up to 4,935% year-over-year, EVE Energy forecast a 95% to 110% increase, and both Sunwoda and REPT BATTERO turned profitable again. Across the supply chain—from upstream lithium salts to downstream battery makers—most companies reported substantial operational gains. Yet robust earnings failed to stop equity valuations from sliding. On July 8, Chengxin Lithium hit its daily downside limit, Yahua Group dropped over 15%, and Tinci Materials saw more than 30 billion yuan in market value evaporate within a week. Ganfeng Lithium has fallen roughly 38% from its peak, while market leader CATL is down about 20%. The immediate trigger for the selloff was the resumption of operations at CATL’s Jianxiawo lithium mine. On June 29, the mine secured its safety production permit, which was officially posted on the Credit China website on July 7. The site—the world’s largest single lepidolite mine—had been idle for over ten months. With an annual capacity of roughly 100,000 metric tons of lithium carbonate, it previously accounted for 8% to 10% of China’s total output. Its return brings over 45,000 tons of additional supply in the second half of the year, hitting elevated lithium prices head-on. Futures markets reacted instantly: on June 18, as restart speculation grew, the main lithium carbonate contract fell 6.58% in a single session, beginning a steady slide from its May high of 205,000 yuan per ton. This stark contrast between thriving industrial output and falling stock prices coincided on the surface with lithium carbonate pulling back rapidly from its May peak of 200,000 yuan per ton to 151,000 yuan. But a more critical question remains: is this the sign of a cyclical peak, or is the industry undergoing a profound revaluation? Answering that requires stepping back to examine the paradigm shift that unfolded across the lithium battery sector between 2025 and 2026. The essence of this shift is not the fluctuation of any single price signal, but a permanent realignment of the industry's competitive playbook—moving from "who expands the fastest" to "who possesses technology, steady profits, and global compliance capabilities." From 60,000 to 200,000 In late June 2025, battery-grade lithium carbonate dropped below 60,000 yuan per ton, touching a three-year low of 59,900 yuan. Lithium salt producers across the sector incurred heavy losses, forcing widespread shutdowns among small and medium-sized manufacturers. From Australian hard-rock mines and small African projects to domestic lepidolite producers, virtually all marginal capacity went offline that summer. A two-and-a-half-year price slump accomplished its single necessary function: clearing out excess supply. By the fourth quarter of 2025, supply and demand dynamics reversed faster than the market had anticipated. The initial spark came from energy storage demand. Data from research firms including InfoLink show that global energy storage cell shipments reached roughly 610 GWh in 2025, up over 90% year-over-year, with fourth-quarter volumes alone topping 200 GWh. Production schedules showed energy storage cells clearing lithium carbonate inventories at an accelerating quarter-over-quarter pace. As growth in electric vehicle batteries moderated, energy storage stepped in not just to absorb excess capacity, but as the industry's primary growth engine. Surging demand was only half the story; supply contracted just as sharply. Small African mines and high-cost domestic lepidolite operations exited the market. Meanwhile, Zimbabwe announced a temporary suspension of lithium concentrate exports in February—a country that accounted for 15.5% of China’s lithium concentrate imports in 2025. Although Australia remained the primary pillar of China's upstream raw material supply at over 50%, the policy further tightened market expectations surrounding upstream supply. Zimbabwe's Ministry of Mines later confirmed that a formal export ban would take effect in January 2027. The tension between supply and demand peaked with the onset of a structural global deficit. Morgan Stanley estimated in early 2026 that the global market would face a shortfall of roughly 100,000 metric tons of lithium carbonate equivalent (LCE) for the year. Soochow Securities calculated total annual lithium mine supply at approximately 2.14 million tons, representing 440,000 tons of new capacity—most of which was not slated to come online until after the third quarter. That timing gap fueled the price rally during the first half of the year. Driven by these converging forces and inventory restocking across midstream channels, lithium carbonate surged from 70,000 yuan per ton in October 2025 to 200,000 yuan by May 2026. Unlike the speculative frenzy that drove prices to 600,000 yuan in 2022, this recovery occurred after capacity had been fully built out, anchored firmly by real end-user demand. Gaogong Industry Research Institute (GGII) summarized the shift: "This is not a bubble, but a return to fundamental value. The structural surge in energy storage demand, combined with supply-side consolidation, has redefined a rational price band for lithium." Prices doubled quickly due to market sentiment and downstream stockpiling. July’s price correction reflected two main factors: the gradual release of new supply and downstream resistance to inflated raw material costs. Analysts generally expect lithium carbonate to trade within a median range of 120,000 to 160,000 yuan per ton for the full year—a price level that keeps most producers profitable without triggering another round of reckless expansion. Energy Storage as the New Engine In the first half of 2026, China's energy storage battery shipments reached roughly 485 GWh, a year-over-year increase of over 80%. Over the same period, power battery shipments totaled roughly 630 GWh, up over 30%. The gap between the two segments is narrowing rapidly. Structural figures are even more telling. In the first quarter of 2026, Chinese energy storage battery shipments totaled about 209 GWh, up 115% year-over-year and accounting for roughly 40% of total lithium battery shipments. By June, energy storage cells made up nearly 41% of monthly production schedules—up from around 30% a year earlier. According to InfoLink, full-year energy storage cell shipments in 2025 reached roughly 610 GWh, approaching 70% of power battery shipments over the same timeframe. Energy storage is no longer a side business for battery makers; it has emerged as an independent market reshaping demand across the industry. Behind this market realignment lies a fundamental shift in purchasing drivers. Before 2024, domestic energy storage growth was driven primarily by mandatory integration policies, which required wind and solar projects to install storage capacity. That regulatory setup created low-quality demand, leading to poor utilization, weak financial returns, and inconsistent cell quality. Between 2025 and 2026, market dynamics pivoted from regulatory compliance to commercial economics. The shift first materialized in the domestic market. In early 2026, the National Development and Reform Commission and the National Energy Administration jointly issued new capacity pricing regulations (NDRC Pricing [2026] No. 114), establishing a national capacity tariff mechanism for standalone energy storage facilities. Local standards were set between 165 and 330 yuan per kilowatt-year, depending on the province. Surveys by Soochow Securities indicated that internal rates of return (IRR) for storage stations in several provinces crossed the 6% threshold required for commercial viability, especially where peak-to-valley price spreads exceeded 0.3 yuan per kWh. IRRs for top-tier projects reached as high as 10%, fundamentally improving overall demand quality. This domestic turning point coincided with an explosion in international demand. Major solar-plus-storage projects launched across the Middle East, particularly in Saudi Arabia and the United Arab Emirates, with individual project capacities regularly reaching several gigawatt-hours. In emerging markets across Australia, Southeast Asia, and Africa, weak power grids and rising renewable energy penetration transformed energy storage from an optional luxury into a necessity. Soochow Securities calculated that utility-scale storage installations in emerging markets grew 233% year-over-year in 2025, with an additional 69% increase projected for 2026. In Europe, energy security concerns and green energy quotas kept commercial, industrial, and residential demand robust. GGII projects that global energy storage battery shipments in 2026 will reach 800 to 1,100 GWh, representing year-over-year growth of 30% to 70%. Even at the mid-point estimate of 900 GWh, energy storage output is positioned to approach or match power battery production this year. As the industry's primary growth engine shifts, its core operational requirements are evolving as well. Power battery demand is dominated by automakers, whose priority is cost efficiency. The customer base for energy storage, however, is far more diverse: utility operators prioritize long cycle life and safety, data center owners require high discharge rates and extreme reliability, and overseas projects demand lifecycle compliance and supply-chain traceability. Winning in these markets requires technological adaptation, solid project execution, and international compliance capabilities rather than sheer scale. Oversupply or Industry Maturity? Evaluating battery utilization rates requires a closer look at the underlying numbers. In May 2026, the single-month installation rate for Chinese power batteries dropped to roughly 38%. Over the first five months of the year, cumulative power battery installations totaled 259 GWh against 863 GWh produced—yielding an overall utilization rate of about 30%. Factory output continues to outpace vehicle installations, leaving a substantial share of manufacturing lines underutilized. The five-year trajectory of Chinese power battery installation rates tells a clear story: 70% in 2021, 54% in 2022, roughly 52% in 2023, 50% in 2024, 44% in 2025, and 38% by May 2026. This steady decline in installation rates offers clear evidence of an industry transitioning from rapid early growth into maturity. Yet labeling the sector simply as oversupplied misses crucial nuances. The market is not experiencing a uniform glut; rather, it is undergoing sharp structural polarization. High-end shortages coexist alongside low-end surpluses. Demand for premium batteries with energy densities above 160 Wh/kg—primarily ternary chemistries—rebounded sharply, rising from a 6% market share in 2025 to 11%. Meanwhile, low-end products under 125 Wh/kg have effectively been phased out. Demand has also diverged sharply between commercial and passenger vehicles. Driven by subsidy policies, battery demand for electric heavy trucks and delivery vans surged, with battery consumption for electric cargo vans rising 169% year-over-year. By contrast, electric buses—once the industry's primary market—fell to fifth place. While market leadership remains dynamic, the nature of competitive moats is shifting. CATL and BYD together retain a 68% market share, but second-tier players like Gotion High-tech, EVE Energy, Svolt Energy, and Hithium are making gains. Competition is shifting from pure capacity expansion to technological differentiation and operating margins. From another perspective, declining installation rates are a natural hallmark of industry maturity. As annual growth moderates, a drop in capacity utilization from 70% to 40% is to be expected. While systemic capacity pressures continue to weigh on industry-wide profitability, and smaller players face ongoing price competition, market leaders retain the balance sheet strength to navigate the transition. As top-line growth slows, manufacturers lacking proprietary technology, accumulated capital, or global compliance infrastructure risk being squeezed out. This shift explains recent strategic course corrections by major capital allocators. Anode producer Sinomatech canceled a 10.3 billion yuan expansion, cathode supplier Dynanonic abandoned a 10 billion yuan project, and separator manufacturer Semcorp terminated a roughly 2 billion yuan facility in Malaysia. Top-tier players reining in massive investments is a classic sign of an industry transitioning from early expansion to financial discipline. This reallocation of capital does not mean expansion has halted entirely. In the first half of 2026, manufacturers announced over 65 new planned projects representing more than 1,500 GWh of capacity and over 220 billion yuan in total investment. Hunan Yuneng disclosed a 24 billion yuan expansion, while Yahua Group announced additional capacity in Zimbabwe. Expansion continues, but the prerequisites have changed: only enterprises with strong technical barriers, cash reserves, and global compliance infrastructure are positioned to invest while competitors scale back. Technology Race 2.0: Three Fronts If the period between 2022 and 2024 was defined by a race for manufacturing scale, 2025 and 2026 have marked a pivot toward technological differentiation across three distinct fronts. Front One: Structural Shortages in 314Ah Cells The central operational focus for the energy storage supply chain in 2026 has been a structural shortage of 314Ah cells rather than short-term price swings in raw lithium. By March, average spot prices for 314Ah cells from tier-one manufacturers approached 0.40 yuan per Wh, with small-lot orders reaching 0.45 yuan per Wh—a surge of over 25% within six months compared to the 0.30 to 0.34 yuan per Wh seen in August 2025. The immediate driver was rising raw lithium costs—at 180,000 yuan per ton of lithium carbonate, theoretical cell production costs sit between 0.35 and 0.38 yuan per Wh. However, the root cause was a supply gap during the industry's transition to larger formats. As manufacturers shift from 280Ah and 314Ah form factors toward 500Ah+ designs, investment in legacy 314Ah production lines has largely ceased. Because next-generation 500Ah+ cell capacity will not scale up until late 2026, production ramps and customer testing created a temporary bottleneck. During this supply gap, the deficit widened significantly, pushing delivery timelines for select orders into 2027. This dynamic reflects a clear shift in industry economics: market returns are no longer guaranteed simply by bringing capacity online, but by executing format transitions ahead of competitors. CATL has already deployed its 587Ah cell in a 2.4 GWh standalone storage project in Inner Mongolia, while EVE Energy has accelerated mass production of its 628Ah format. With the shift toward larger cell formats underway, manufacturing execution is everything. While 314Ah supply constraints present an immediate operational challenge, solid-state technology represents the long-term competitive battlefield. Front Two: A Return to Realism in Solid-State Batteries Although 2026 has been touted as the inaugural year for commercial solid-state battery deployment, that label requires qualification: current production consists almost entirely of semi-solid (hybrid liquid-solid) chemistries. Models including the NIO ET9, MG4, GAC Hyper, and Chery vehicles have entered the market equipped with semi-solid packs featuring energy densities between 350 and 400 Wh/kg. Because these designs remain compatible with over 90% of existing liquid battery production lines, retooling costs remain manageable and rollout schedules are accelerating. However, the commercial reality of all-solid-state technology remains far more complex than vehicle showroom specifications suggest. In March 2026, Ouyang Minggao, an academician at the Chinese Academy of Sciences, offered a candid assessment: "To be prudent, it is best not to commercialize all-solid-state battery vehicles over the next two years." He cited three major technical hurdles: solid-solid interface stability, where microscopic gaps between solid electrolytes and electrodes cause internal resistance to spike; lithium dendrite formation and safety risks; and the environmental volatility of sulfide electrolytes, which decompose upon exposure to moisture and demand strict manufacturing conditions. Industry leaders report steady if measured progress. CATL’s sulfide-based solid-state cell has surpassed an energy density of 500 Wh/kg, with small-scale production anticipated in 2027. BYD’s 20 GWh facility in Chongqing is scheduled to begin semi-solid production in the third quarter of 2026, targeting pilot runs for all-solid-state cells in 2027. Gotion High-tech plans to initiate operations on a 2 GWh solid-state line by late 2026, while EVE Energy has produced sample 60Ah solid-state cells. A clear timeline has taken shape: 2026 is focused on pilot line verification, 2027 on vehicle testing, and 2030 on potential large-scale commercialization. The implementation of recommended national standard GB/T 43568-2026 (Solid-State Batteries for Electric Vehicles) on July 1, 2026, established an initial regulatory framework for long-term development. Ultimately, 2026 marks less the mass adoption of solid-state technology than a recalibration of market expectations. Meanwhile, an underappreciated demand driver is quietly gathering momentum. Front Three: AIDC Storage as AI Infrastructure In the first five months of 2026, global energy storage shipments for AI data centers (AIDC) reached 10 GWh, surpassing total volume for all of 2025. Industry research firms project that global AIDC storage demand will reach 300 to 400 GWh by 2030—more than twenty times its 2025 level. Capital deployment in the segment is ramping up. CATL invested roughly 4.1 billion yuan to acquire a strategic stake in Senter Power to secure positioning in high-voltage DC power distribution for data centers, while winning a bid for a 2 GW / 4 GWh storage project at a computing center in Guizhou. Fluence signed agreements covering a 12 GW pipeline of potential projects with two major U.S. cloud providers, LG secured eight data center storage contracts totaling 6 GWh—including projects for Oracle—and Panasonic announced 350 billion yen in battery investment aimed at tripling its data center storage revenue. The expansion of AIDC storage is driven by a widening gap between AI computing power demands and utility grid capacity. Power consumption per rack in modern AI facilities has jumped from 5–8 kW in traditional data centers to 40–100 kW, while grid connection approvals and capacity upgrades often take three to five years. Onsite battery systems serve both as backup power and as a bridge to accelerate facility commissioning. Energy storage is moving from an auxiliary fallback to an integrated structural component of data centers. Following NVIDIA’s October 2025 announcement of an 800V DC power architecture—designed to phase out diesel generators and legacy uninterruptible power supplies (UPS)—storage systems are being wired directly into primary distribution networks. This shift expands the market beyond traditional buyers like power utilities and renewable energy developers to encompass cloud providers and infrastructure operators, establishing a distinct category of demand. Globalization 2.0 While domestic market consolidation marks the industry’s initial transition to maturity, international expansion presents a secondary test. Tariff structures, raw material access, and regulatory standards are tightening concurrently across major export markets. Trade barriers represent the most immediate hurdle. The European Union’s countervailing duties on Chinese battery electric vehicles have been in effect for five years and are expanding to include plug-in hybrids. In the United States, the Inflation Reduction Act continues to raise domestic content requirements for power and energy storage batteries. Concurrently, China has reduced its export tax rebates for batteries from 9% to 6% as of April 2026, with complete elimination scheduled for January 2027. Rising trade costs are accelerating a shift from direct product exports to localized overseas manufacturing. At the same time, competition over raw materials is intensifying. The U.S.-led Minerals Security Partnership continues work to build key mineral supply chains outside China, while changing rules in jurisdictions like Zimbabwe highlight shifting export policies. Strategic positioning across raw material supply chains remains an ongoing operational priority. Regulatory compliance presents a quieter but more complex technical hurdle. The European Union’s Battery Passport regulations will become mandatory on February 18, 2027, requiring detailed disclosure of lifecycle carbon footprints, material origins, and recycled content percentages. The impact of these rules depends heavily on how accounting frameworks are defined; systematic discrepancies in baseline emissions databases regarding Chinese energy mixes or manufacturing processes could affect market access. In response, leading Chinese manufacturers are moving from passive compliance to active engagement with international standards. CATL has partnered with BMW and Germany’s Catena-X network to help establish over 90 baseline carbon accounting metrics. BYD invested over 100 million yuan to develop its "i-Carbon Chain" platform for digital carbon tracking across its supply chain. Similarly, REPT BATTERO collaborated with TÜV Rheinland and Circulor on a battery passport initiative, securing third-party verification for 98 independent datasets from an EU Notified Body. Overseas manufacturing footprints are expanding in tandem: CATL’s production complex in Hungary, BYD’s plant in Brazil, Gotion High-tech’s joint venture in the United States, and Envision AESC’s gigafactory in Spain. Chinese battery makers are transitioning from a model of centralized domestic production for export toward localized manufacturing aligned with international standards. This next phase of international expansion hinges on regulatory transparency, supply chain control, and deep local integration. Beyond Maturity In July 2026, as equity valuations diverged from corporate earnings across the lithium sector, market participants wrestled with where the industry stands in its broader evolution. The most visible change is the shift in growth drivers. With energy storage shipments reaching 485 GWh in the first half of the year to account for over 40% of total output, the gap between storage and mobility applications is closing rapidly. This demand-side pivot coincides with capacity rebalancing on the supply side, where power battery installation rates have adjusted from 70% down to the 30%–40% range, signaling an end to early, unbridled expansion while overall margins remain under pressure. These structural shifts are redefining entry barriers across the market. With 314Ah cell prices rising over 25% in six months and AIDC storage demand expanding rapidly, technical capabilities are increasingly determining market positioning. As national standards for solid-state technology take effect and EU Battery Passport deadlines approach, regulatory compliance has become a baseline operational requirement. The trajectory of lithium carbonate—falling to 60,000 yuan, rebounding to 200,000, and settling near 150,000—reflects a market seeking equilibrium. This broader transition was highlighted by a joint policy announcement on July 18, when three Chinese government ministries introduced a new consumption tax structure for batteries. Effective September 1, lithium-ion batteries are subject to a 2% consumption tax, rising to 4% in September 2027, while sodium-ion and solid-state batteries remain exempt through the end of 2028. The policy ends a tax exemption for lithium batteries that spanned more than a decade. Phasing in taxation uses fiscal policy to encourage capacity optimization and technological upgrading by taxing established chemistries while incentivizing next-generation alternatives. For second-tier cell makers operating on narrow margins, the 2% tax burden—equivalent to roughly 0.007 to 0.008 yuan per Wh—will further compress operating margins, reinforcing market consolidation around capitalized leaders. For China's lithium battery industry, 2026 represents a clear inflection point. Enterprises equipped with proprietary technology, international compliance frameworks, and established brand equity face a broader global landscape as the sector matures. Conversely, manufacturers reliant on single customers, lacking technical moats, or unable to meet evolving compliance standards face mounting pressure. The early expansion phase of the lithium battery industry has drawn to a close. Its mature chapter is just beginning. (This article was first published on the TMTPost App. Author | AGI-Signal, Editor | Zhao Hongyu)梅西走下世界杯赛场,变身硅谷投资人。我要发布>>
公开信息显示,酷睿程主要负责研发系统级芯片(SoC)、高阶辅助驾驶系统等产品。我要发布>>
天华新能(300390.SZ)不遑多让,预计上半年盈利22亿元-24亿元,同比增幅2471.19%-2686.75%。我要发布>>