加盟前听到的闭店率是5%，群里消失的却是四成。

郭艾伦受伤离场！广州复仇山东，克里斯被吹违体犯规，高诗岩6分

66399 ★

摘要：锋线上，达尔文·努涅斯出任单箭头，弗拉门戈双星德拉克鲁斯和德阿拉斯凯塔分居两翼。

博洛尼亚CEO费努奇已经公开表态，球队已向球员承诺，只要后续出现合适报价就会允许他离队。

1、b体育官网上赛季他在俱乐部各项赛事中出场57次，贡献25粒进球和28次助攻，如今更是法国队征战美加墨世界杯的核心成员。

55分钟过去，梅西依然是全场唯一保持百分之百传球成功率的球员，只是他在比赛中几乎没有多少存在感。b体育官网虽然尚未确认，但这届赛事无冠而终，可能意味着他与阿根廷队的就此告别。

2、四川省国资国企应用场景开放对接大会在蓉成功举办

第二：梅西首次英阿大战，三狮力擒无翅潘帕斯雄鹰！由于英格兰与阿根廷的“马岛战争”的历史创伤，两队的比赛被赋上了强烈的政治和民族色彩，因此每一次的英阿大战都是经典比赛，这也是梅西首次参加英阿大战。

3、风靡精英圈的“商旅夹克”，这次在男装风向标Pitti Uomo引爆关注

这位巴萨前锋做出了他最擅长的事——禁区内一记完美的跑位，半凌空，左脚，纯粹的前锋本能。

4、关于乌尉高速梨城南互通至尉犁互通交通管制的公告

那时候他意识到，平台表面上解决的是，“如何更好地玩游戏”的效率问题，实际上解决的是，“如何更好地与人连接”的情感问题。

5、广州机场与深圳机场将全线贯通，东莞西站何以成为关键站点？

反映于业绩，是锂矿板块的集体预增。

这种人在同行之间极度稀缺，只能硬挖，挖不来就偷、抢。

一个是布鲁日的特雷索尔迪，本赛季比甲攻入19球，欧冠另有3球入账。

6、太凶险！健身后疼痛乏力，体检某项指标飙升至237倍险酿成致命肾衰

对于品牌而言，这是一场利润率和消费者资产的重构，但对于滔搏而言，却意味着一次重大冲击。

地平线“花不完的钱” 此次地平线机器人发债募资，主要是为偿还一笔4年前的旧债。

7、世上女人千千万，最怕施南生这种，徐克这辈子算是遇到高端玩家了

英格兰中场贝林厄姆本届赛事发挥出色，身价大幅上调3000万欧元，达到1.6亿欧，位列第五。

”当追求荣耀的道路上总是缺少最后一块拼图，这位已经倾尽所有的英格兰队长，或许真的需要好好消化这份难以承受的空虚，再决定是重新出发，还是就此告别。

8、高约400米！深圳湾金融中心大厦，冲出正负零

不管留在巴萨还是转投巴黎，不管未来如何，这一脚已经刻进了历史。

这不仅是一次简单的帅位更迭，更是齐达内一段漫长等待后的圆满，成为高卢雄鸡的新帅。

对他而言，团队的稳固高于一切，他的足球理念强调秩序、强度和精神意志，并不注重观赏性。

9、格林基金贾志：80万粉丝大V，业绩不忍直视……

不过那场比赛距今已经快100年了，完全没有参考价值。

这位刚刚在世界杯决赛打入制胜球的攻击手，正是红军新帅安多尼·伊劳拉点名想要的球员。

10、11轮造对手4红牌！泰山队要小心“黑马”的冲击，两大核心很关键

如果打平，虽然也有机会以成绩较好的小组第三晋级，但主动权已不在自己手中。

据《米兰体育报》报道，这笔交易已基本告吹。

1、收入暴涨22倍！“人形机器人第一股”优必选，还在坑里……

当终场哨声吹响，27岁的姆巴佩首次无缘世界杯决赛，留下了一个略显苦涩的背影。

2、联盟最爱的球员！亚历山大成功秘诀竟然是？一切都是生意

用户进入一个App需要经过搜索、点击、跳转，每一步都关联着应用的分发、引流和商业化策略。

3、人民财讯·大观丨资产配置关注三大变量！泰康资产段国圣：管好养老钱、壮大耐心资本

球队老板卡尔迪纳莱将与高级顾问伊布一起开启选帅工作。暑期档黑马《八仙！》在搞一种很新的神仙叙事特斯拉Q2净利润11.72亿，同比-16%。

4、吃完的荔枝核千万别扔，教你全程20天水培粉色荔枝盆栽，喜提粉色小森林！

正是通过这层关系，努涅斯被推荐给了米兰。

5、中央5台直播乒乓球时间表：7月19日完整节目表！附国乒最新赛程

欧盟对华纯电动车反补贴关税已落地五年，正在扩展至插混车型。

6、绍兴中考志愿今起填报！这五大变化必须清楚！

站在米兰的角度，努涅斯确实是个不错的目标。

他在淘汰赛阶段11球的惊人效率，以及在逆境中（如对阵摩洛哥罚失点球后轰入世界波）展现出的大心脏，证明了他是当之无愧的终结者与精神领袖。

萨索洛中场科内成为米兰重点考察的对象。

7、中国女篮2分险胜！李沅珊罚球绝杀斯洛文尼亚，李梦接班人，将与新西兰争世界杯第五名！

拉莫斯在巴黎的出场时间并不稳定，正在寻求新的机会。

由于球场未能按计划产生预期收入，巴萨选择提前支取未来的电视转播收入，以改善短期财务状况，保持在转会市场上的活跃度。

8、6×6驱动的“法式”沃尔沃卡车？内饰外观都独具特色，雷诺K520木材运输车实拍

二、为什么大厂愿意给在校生开过万？大厂不是做慈善。

如今来到2026年，马竞不仅延续了这一传统，更实现了人数的“断层式”领先。

第85分钟，梅西送出直塞，恩佐·费尔南德斯一脚势大力沉的远射轰开英格兰大门，扳平比分。

目前，球队已有普利西奇和恩昆库，但为了应对多线作战，俱乐部需要再引进一名前腰。

狮山英才险胜卫冕冠军，决赛再遇光明 2026年射击类游戏外挂作弊人群洞察白皮书 7月24日A股公告投资合作一览：天齐锂业、欣旺达、剑桥科技等多部门联合会商部署防汛工作入汛以来累计向灾区拨付11.9亿元

关联文章推荐

加载更多

网站提醒和声明

b体育官网尤文看中的是他即战力可快速填补布雷默可能留下的空缺，且与斯帕莱蒂要求的中卫线提速相匹配。申请删除>> 纠错>> 投诉侵权>> 平台自有内容（文字、图片、界面、榜单、商标、LOGO 等）知识产权归本站所有，未经书面许可，禁止复制、转载、商用。

提交说明：快速提交发布>> 查看提交帮助>> 注册登录>>

赞 22331

踩 55308

最新评论

用户评论50543

请先登录后再发表评论发布

相关推荐

开业那天正好赶上中秋节，按理说，是一年里最好卖的几天。

杜锋卸任广东帅位，他接替郭士强再当男篮主帅可能性有多大？_网易订阅

45258

汽车业务毛利率（不含监管信用）仅为16.3%，低于市场预期。[2026]

美国女排输球遭网暴！汤普森硬核回怼，反观中国女排更令人忧心

30106

从无预警空降新可攻略男主敖尹引发玩家集体抵制，到直播剧情台词“引狼入室”被批美化越界行为、违背女性安全共识，再到文本细节疏漏触碰历史底线、后续被央视点名内容尺度与未成年充值乱象，一连串密集翻车，让这款头部乙游彻底陷入舆论困局。

18岁儿子游戏成瘾吞药父亲起诉四家游戏公司索赔10元⑤：4家合并开庭将改为各自重新立案_网易订阅

61015

2021年国内装机量排名第三，市占率5.9%，2022年港股上市。

刘邵子洋正式加盟北京国安足球俱乐部

73038

在量产节奏方面，特斯拉Optimus 第三代目标年产100 万台，第四代年产 1000 万台——但量产爬坡遵循 S 型曲线，前期十分平缓漫长。

22岁谷爱凌摘银！“吸金女王”年入1.6亿，比赢更重要的是做自己

45812

这就演变出了早期投资都需要对赌的荒诞一幕。

向黑手党学治国？哥伦比亚新总统下令，文化部长打响一场特殊战争

49886

作为米兰近几个赛季的核心进攻手，莱奥效力球队8年间累计出战291场，贡献80粒进球和65次助攻，排在俱乐部队史射手榜第15位、助攻榜第6位，是红黑军团重返意甲争冠行列、拿下21/22赛季意甲冠军的核心功臣。

突发！Anthropic呼吁全员停止AI研究

80563

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。

任达华夫妇飞伦敦参加女儿毕业典礼！穿黑西装化身“保镖父母”，这画面太酷了

78000

巴萨原本就做好了这个转会窗失去一名重要球员的准备，此前大部分猜测都集中在拉菲尼亚身上，但现在，注意力转向了费兰。

《奶茶店模拟器》正式发售!首发全年最低价6.5折

12163

愿大家都看得懂风险，等得到机会，始终留在牌桌上。

政文有请丨冯骥才：我人生接过的最后一件大事是教育

23058

加载更多