"每一步都在点上"，这是同行对黄冠的普遍评价。
摘要：由于本纳赛尔、邦多确定不在计划之内，均被排除在外，让人意外的是，连年参加夏训的泽罗利这次却落选了。
紧随而来的是，月之暗面的上市消息。
1、米兰体育 球员转出方面，优先级最高的是托莫里。
每一笔凸性投资都要有一个能够从头讲到尾的完整叙事。米兰体育奥地利则是典型的朗尼克式高压足球，主打4-2-3-1阵型，核心战术是极致的高位逼抢和快速攻防转换。
2、TA又黑勒布朗，Shams亲自下场辟谣！已为平台赚2亿硬要说他无影响力
据《阿斯报》报道，巴萨、阿贾克斯和特尔施特根本人早在数周前就已就为期一个赛季的租借达成初步协议。
3、TA：亚特兰大联与努涅斯、恩博洛谈判，队史标王接近离队
“去年卖模型，今年卖Harness，明年可能卖完整Agent解决方案。
4、A股上市仍存三大障碍未解、十年分红拉锯，徽商银行“内耗”何时休？
记住一句话：真要你，不会先要你的钱。
5、年薪200万美元以上？上海拒绝天价续约洛夫顿，加盟广东队成首选
2026美加墨世界杯H组首轮将在迈阿密体育场展开较量，沙特阿拉伯对阵乌拉圭。
不过多特高层里肯和布克本周已经亲赴比利时谈判，卡雷察斯与多特就一份2031年到期的合同基本条款达成原则性一致。
这是一场不折不扣的“矛与盾”之争，也可能成为40岁传奇莫德里奇的世界杯终章。
6、西班牙连夺两冠统治足坛，C罗的欧国联为何突然“封神”？
这场在新泽西进行的决赛远非一边倒。
对阿斯拉尼而言，诺坎普始终是梦想之地。
7、周末谈星｜狮子月登场，水逆收尾，自信化身人群中的小太阳
但以目前展现出的内容来看，难度显而易见。
但硬币的另一面，是特斯拉在利润端的全线承压。
8、林青霞方不再隐忍！狠狠替谢贤出了口恶气，原来我们都被骗了
阿莱格里离开后已经迅速着手布局下家，准备挖旧主墙角。
同一轮的另一场比赛中，罗马客场凭借补时阶段的两粒进球3-2惊险击败帕尔马，拿到近8年来同期最高的67分，收官阶段球队已取得三连胜，同阶段米兰却1平2负连续丢分。
世界杯结束了。
9、非洲之王，为何在印度栽跟头？
最经典的案例莫过于哈梅斯·罗德里格斯。
它不记得上次做了什么，也不理解你真正想要一个什么样的作品。
10、芒果综艺能救活一座24亿的大庸古城吗？
2026年一季度，公司营收103.2亿元，同比增长25.8%。
另一个是中日德兰的弗兰库利诺，丹超17球、欧联杯4球，身体条件出色且双足比较均衡，已经吸引了多支五大联赛球队关注。
1、中国男篮大胜台北，杨瀚森正负值-4，球员评分：庞峥麟首秀9.7分
摩洛哥的表现延续了2022年世界杯的黑马本色。
2、签约达成！北京首钢昔日弃将加盟CBA大黑马，对阵辽宁曾砍22+4+3
简单统计之下，仅出现在聚光灯之下的就有十多人。
3、68.75米！严子怡钻石联赛四连冠
梅西太难太累了，没有迪马利亚级别的边锋助阵，梅西踢得非常艰难，好比船长没有队副的帮助。中国男篮2胜3负小组垫底，出线形势告急，郭士强赛后主动担责我们两年前发布了第一代HAMR产品，很快实现了规模化量产，最新的44TB产品是今年年初发布的，发布后已经有两家全球领先的超大规模云厂商完成测试，并开始批量发货。
4、2026年三亚市全民健身帆船帆板公开赛开幕
31岁的法国中场与米兰的合同签到了2028年6月，原本还在计划继续他的红黑生涯，但主帅的变动让他产生了动摇。
5、iPhone Air2完整参数曝光！A20 Pro+双4800万影像，7999元起贵吗？
管理层更迭、主帅人选、体育总监的任命全都没有着落。
6、湖人新老板沃尔特出事了？正接受联邦机构调查：核实是否存在财务违规
费兰·托雷斯：一脚封神 有些进球赢比赛，有些进球定赛事，极少数进球，能改写一个球员整个职业生涯被世人记住的方式。
翻开历届世界杯的辉煌画卷，自1930年首届赛事至今，绿茵王座历经更迭，但那些闪耀的星辰始终指引着后来者的方向。
西班牙队在本届赛事中展现了令人窒息的防守统治力。
7、普陀山矿泉水售价翻倍：通话录音曝光，景区电话施压，当事人硬刚
全球DRAM格局六年没变过，三星、SK海力士、美光三家垄断超过95%。
更隐蔽的问题是，一套新的优绩主义正在形成。
8、杜锋卸任广东男篮主帅离队第一人？曝杜润旺顶薪加盟南京同曦
6月，Gemini技术联合负责人、Transformer论文作者之一Noam Shazeer离开谷歌加入OpenAI。
这些领域对设备精度要求相对低，客户愿意试试国产替代。
打印机负责把用户带进来，MakerWorld、耗材、配件和创作者交易则在机器售出后继续产生收入。
宁德时代以约41亿元战略入股中恒电气，卡位数据中心高压直流供配电环节，并在贵州智算中心中标2GW/4GWh储能项目。
关联文章推荐
- 1 一边是41岁C罗领衔的五盾军团，一边是18岁亚马尔率领的青春斗牛士，两代球星的正面对决让这场比赛充满看点。
- 2 米兰整个赛季没有一名前锋联赛进球上双——莱奥9球、普利西奇8球、恩昆库5球、菲尔克鲁格1球、希门尼斯0球。
- 3 ” 当前，尽管AI降低了创作成本，但一部精品AI剧创作成本依旧需要10万甚至上百万的投入，其中绝大部分花在算力上。
- 4 肢体语言专家达伦·斯坦顿在接受OLBG采访时指出，这样的言语来往，在英格兰即将与阿根廷争夺决赛席位的大背景下，可能引发更严重的后果。
- 5 假如市场预期某只股票会在财报后波动25%，期权价格通常会提前包含预期。
- 6 葡萄牙教头更倾向于在3-5-2体系下为其设定固定的中前卫或边翼卫角色。
- 7 德凯特拉雷自米兰加盟后也重获新生，免签的科拉希纳茨则迅速成为防线领袖。
- 8 这种打法虽然简单，但非常实用，尤其是在淘汰赛这种容错率极低的比赛中。
- 9 阿莫林的战术体系很看重前锋的跑动和压迫，努涅斯这种类型的球员，理论上是比较适配的。
- 10 小公司也能攒可量化的成果：你帮它涨了多少粉、省了多少钱、优化了哪个流程。
- 11 由于缺席了本赛季欧冠，米兰为了弥补收入损失，在去年夏窗出售或带买断外租了一大批球员。
- 12 当时，年幼的亚马尔作为获奖者，与正在巴萨效力、身披19号球衣的梅西留下了一张经典的合影。
- 13 2026世界杯半决赛对阵：上半场的法国vs西班牙；下半场的英格兰vs阿根廷。
- 14 加拿大主打高位逼抢和边路突破，南非主打密集防守和快速反击，从风格上看，南非的战术其实更克制加拿大。
- 15 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。
- 16 托莫里能否在尤文与老搭档卡卢卢重聚，我们拭目以待。
- 17 不过上周末有消息称，刚被切尔西截走罗杰斯的阿森纳，可能反过来截走拉克鲁瓦，以报一箭之仇。
- 18 第一次首发对沙特，只用10分钟就进球。
- 19 但现实是残酷的，亚沙里不仅没能展现出在瑞士联赛时的灵气与掌控力，反而在对抗和节奏上完全跟不上意甲的要求，如今他的出场顺位已经排在了里奇之后。
最新评论
用户评论66625
请先登录后再发表评论
发布
相关推荐
” 决战德国：拒绝热门标签，以团队为家 面对即将交手的德国队，埃斯帕特展现了超越年龄的成熟与冷静。
欧洲杯+世界杯+欧冠冠军！50场国家队保持不败！30岁老将成西班牙最强福星
95391
第55分钟，罗杰斯助攻戈登打破僵局，英格兰一度看到了时隔60年重返决赛的希望。[2026]
队记：湖人亲手培养了布朗尼 不会轻易交易他
26451
极佳视界的估值，已经站在了国内未上市机器人创业公司的第一梯队。
争议！41岁C罗点赞西媒炮轰：FIFA想把世界杯送给阿根廷，早该被淘汰
45337
中场方面，乌纳希状态出色，上轮对阵加拿大梅开二度，迪亚斯的串联组织也极具威胁，不过主力前锋赛巴里在1/8决赛中因伤提前退场，中卫里亚德同样有伤在身，两人能否出战法国还是未知数，这对摩洛哥的攻防两端都是不小的打击。
原来牛犇的孙女是她，身高颜值不输女明星，职业却低调得令人敬佩
95445
退役，不是离开，而是另一种形式的守护。
世界杯第16日，6场比赛：哈兰德PK姆巴佩 亚洲2队争出线
62577
奥亚萨瓦尔不久迎来第一次射门机会，但西班牙这第二脚射正，依然直直送入埃米·马丁内斯怀中。
阿努诺比神奇绝杀！尼克斯29分大逆转，创造NBA总决赛历史
30009
吴太兵强调，万兴科技核心投资的是“算力、token，不会直接下场自制AI剧。
董宇辉带货假「澳洲神药」，与辉同行遭遇信任危机
76370
该业务占宝胜2025年总收入约15%。
梅西即将手握两座大力神杯？对，因为西班牙无法保证领先就能取胜
75195
最近，AC米兰的转会目标名单上又出现了一个新名字，他就是来自波黑国家队的阿拉伊贝戈维奇。
CBA最新消息！辽宁山东放弃所有外援，同曦举报赵柏清，媒体人为曾凡博鸣不平
27361
转会专家罗马诺本周更新了23岁球员的动态，表示利物浦是唯一一家对这位即将离开欧洲冠军球队的边锋展现出实质性兴趣的俱乐部。
大帝3年1.87亿成负担！美媒列4笔疯狂交易方案：3换3引进克莱争冠
60568
+78915
+10899
+42527
