报道称，巴萨的立场很清晰——费兰的估值是五千万欧元，这个价格没有商量余地。

摘要：市场数据显示，全球1.6T光模块的需求中，英伟达一家就占了80%，而中际旭创凭借行业碾压级别的技术和产能，拿下了英伟达这部分需求中的80%订单。

这让米兰和经纪人门德斯在运作其转会时面临复杂局面。

1、乐鱼电竞朋友们，在一个多模态模型赛道上同时获得五类投资方认可的公司，屈指可数啊，难度不亚于集齐七颗龙珠。

与博睿康的侵入式路线不同，强脑科技主打非侵入式路径，不用开颅，靠头皮表面的传感器采集脑电信号，核心产品包括智能仿生手、脑机接口康复训练系统等。乐鱼电竞早在2023年夏天，就有过他可能转会米兰的传闻，但最终红黑军团一口气签下了赖因德斯、穆萨、奇克3名中场，而拉齐奥从法兰克福免签了日本人。

2、大连有奖发票活动有调整！

” Agnes AI虽然是低成本换市场规模的路径，但同样离不开深切的市场洞察。

3、中超夏窗关闭，“亚冠外援”成主角

他的特点与约克雷斯有相似之处，而且与阿莫林同是葡萄牙人，沟通起来没有障碍。

4、Ryan Clark亲口反击自愿离场：我问“该走了吗？”对方说“行”，这明明是被赶下台

但预测这件事，本身就是足球乐趣的一部分。

5、上海外援调整初现端倪：2人基本留队，1人铁定走人，1人去留待定

多个智能体同时工作，会把吞吐量、响应时间和服务稳定性一起推向极限。

消息迅速发酵，“世界模型第一股”“年内赴港IPO”等说法接踵而来。

然而，在这场万众瞩目的国家德比背后，一家西甲俱乐部却以“隐形赢家”的姿态，提前锁定了本届赛事的最大荣光，球迷称之为世界杯决赛的“大赢家”。

6、罗马诺：曼联已告知马赛，他们不会激活格林伍德的回购条款；世界杯之后，拉什福德将和卡里克面谈，他将随队参加季前赛

综合来看，挪威进攻上限更高，常规时间具备一定优势。

尤文方面认为布雷默并非非卖品，但必须要有匹配身价的报价才考虑放行。

7、朝鲜战争中，她只开了一枪，杀了一个人，为何却被评为一等功？

如今，金球奖的归属逻辑已经变得异常清晰。

与其同期上市的MiniMax，最初明显讲得是一个更接近OpenAI的故事——一边推进多种模型能力的迭代，一边快速将模型能力变成产品矩阵，承担用户获取、商业化的功能。

8、从“失败”和“那个被抄截达阵”到“我会因此变得更好”，他要用这些教训点燃球队复兴之火

敖尹背靠反派组织的复杂人设，自带强势、带有征服欲的叙事风格，和当下主流的“大女主”情感认知相悖。

由于这名前锋是米兰自家青训产品，这笔收入属于纯资本收益。

英格兰国门乔丹·皮克福德的妻子梅根，经历了一趟糟透了的回家之旅。

9、决意离队！奥利塞希望加盟皇马已向姆巴佩打听转会费或超2亿欧

弗利克在2026-27赛季到来前遭遇沉重一击。

但网约车一年能跑十万公里，15万公里的质保线两三年就到了。

10、美国一男子买下法拍房后发现三具尸体

然而，这种反复的“自我证明”在部分球迷看来，已经演变成了一种执念，甚至被形容为“入魔”和“不正常”。

但目前这名球员完全专注于加盟切尔西。

1、英格兰天才彻底陨落！巴萨传奇曾断言他能接班梅西，如今无球可踢

要想赢得这项锦标，每个人都必须付出百分之百的努力。

2、人民日报头版刊登：中国纺织稳步迈向全球产业中高端

之所以礼来高层会如此傲慢，核心原因在于他们的注意力全在另一款“神药”百忧解（Prozac）上，它曾在全球抑郁症市占率高达65%，巅峰销售额突破28亿美元。

3、狼队前锋被禁入训练场且安保就位，本人打破沉默：我只想训练

图：礼来营收一览但Ricks身上有一个最显著的优点：行动迅速。被传拒绝WNBA三分大赛邀约约内斯库回应：我压根没收到官方邀请既然招不到合适的总监人选，那就干脆不要总监了，红鸟老板卡迪纳莱脑中最近出现了这一天才构想。

4、时隔十轮后，终于赢了！武汉三镇距离青岛海牛只差3分

球王本色，伟大无需多言，属于梅西的传奇，仍在巅峰延续。

5、天空体育曝纽卡主动联系阿森纳推销吉马良斯，汉堡报价维埃拉遭拒

但对这位少年而言，个人纪录远不如团队荣誉重要。

6、朝鲜战争中，她只开了一枪，杀了一个人，为何却被评为一等功？

25/26赛季，AC米兰经历了高开低走，球队前半段展现出极强的防守韧性和强强对话能力，后半段却一落千丈，欧冠资格至今悬而未决。

同时公司持续落实“存储+”发展战略，MCU、Driver等模拟新产品逐步渗透工业控制、AIoT领域并实现规模出货，相关产品市场占有率稳步提升，最终带动公司上半年整体营业收入较去年同期实现增长。

如今，西蒙尼对"球员+现金"的交换模式持开放态度，如果各方都能接受哲凯赖什作为添头，阿森纳拿下阿尔瓦雷斯的实际支出可能降至7000万英镑左右。

7、接棒粤港澳，2029十六运会在“湘”见！ 

阿莫林虽然表示会先评估穆萨的情况，但离队仍然是最可能的结果。

瑞银将黄金2026年9月、12月以及2027年3月和6月的目标价维持在4400美元、4600美元、5000美元和5200美元。

8、杜锋将离任，广东换帅三大热门出炉，谁能拯救球队？

他把这些标的全标成了“凸性机会”。

因此，在同一轮资本开支中，光模块厂商总是最早拿到订单、最早确认收入的那一个。

2018年之前，华尔街曾流行一只代码为XIV的产品。

次轮1-1战平捷克，在中场两大主力同时停赛的情况下，能逼平欧洲球队实属不易。

温网男单半决赛明天7月10日赛程：辛纳PK德约，兹维列夫PK黑马世界杯1/16决赛时间表：明天7月4日CCTV5直播，阿根廷冲16强无忧 2-1！疯狂补时18分钟：C罗破门+葡萄牙大难不死，魔笛传奇谢幕阿根廷职业联赛Clausura首轮：飓风迎战班菲尔德，近5次

关联文章推荐

加载更多

网站提醒和声明

乐鱼电竞真的，太了不起了。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 93834

踩 48233

最新评论

用户评论96134

请先登录后再发表评论发布

温网男单四强产生2席，德约3-2刷新6项纪录，辛纳半决赛盼复仇

33164

尽管经常是三中场中的首选，但法国人在最近三个月里被换下的频率越来越高，有几次甚至没能拿到首发。[2026]

214万张选票造最贵后场！克拉克联手布琳克斯，全明星这周末就开打

57837

在这样的一个背景下，投资者纷纷用金钱投票，来表达对于特斯拉的疑虑——7 月 23 日美股开盘后，特斯拉股价迅速下拉，盘中跌幅一度超过 15%，收盘时跌幅为 14.52%，创下了自 2025 年 6 月以来的单日最大盘中跌幅。

贝比·鲁斯遇上冰球巨星弗兰克·布彻，他弟弟戴着捕手手套守中外野

62693

厂家可以不算经济账，但安全账终归是要算的。

文明实践伴成长民族文化润童心

84192

首先是阿莫林在葡萄牙体育的旧部贡萨尔维斯，上赛季41次代表葡体出场贡献15球9助。

小恩哈特揭秘亨德里克“忍无可忍”时刻：老板一开口全场寂静

41714

”这句略带辛酸的玩笑，精准刻画了这位超级巨星如今的尴尬处境。

法媒称巴黎本周有望敲定阿克利乌什，利物浦恐失去心仪法国前锋

56712

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。

冲击历史纪录+寻求补强，红袜锁定三名全明星捕手

52053

这恰恰揭示了超节点的本质，因此它不是一堆服务器拼在一起，而是一台真正的“计算机”。

替补神兵！梅里诺登场2分钟绝杀西班牙2比1比利时挺进4强

69264

他的无球跑动与纵深牵制，为队友创造了大量空间，也预示着法国队未来数年的竞争力延续。

伊朗的报复说到就到，被列入暗杀名单后，特朗普干了出人意料的事

98945

尽管经常是三中场中的首选，但法国人在最近三个月里被换下的频率越来越高，有几次甚至没能拿到首发。

他在国安效力时默默无闻！如今却被善待成教练，直言最感谢李金羽

12707

加载更多