美国市场是其中最重要的板块之一；TCL海外市场销量占比已经超过60%，北美也是第一大海外市场。
摘要：对戈登而言，梦想结束了。
如果说梅西走的是机构化的VC路线，那么他的老对手C罗，则更像是一位活跃的个人天使投资人。
1、b体育官网 冬季转会窗口期间，费内巴切曾在时任主帅泰德斯科（二人曾在莱比锡红牛共事）的推动下尝试引进恩昆库，但米兰方面标价3700万欧元附加浮动条款，最终交易告吹。
一些原本的冷门角色，也在乐园收获更多人的喜爱。b体育官网2026年美加墨世界杯赛场上，19岁的巴塞罗那中卫保罗·库巴西成为西班牙队最亮眼的发现之一。
2、书写深化科普国际合作新篇章
5 月 29 日，创想三维正式登陆港交所，成为“消费级 3D 打印第一股”。
3、抢救后换衣2分钟遭投诉被解聘！另一边，患者怒怼：“一天看不到医生，刚来就吃下午茶”，医生：我3点才吃饭！三甲医院：不受理无理投诉
2017年初，戴文睿（David Ricks）接任礼来CEO，彼时公司市值仅约800亿美元。
4、英格兰被基恩嘲讽小题大做，赢个刚果就泪流满面唱歌庆祝，没戏！
存储早已不是此前那个被低估的赛道，从HBM到企业级SSD再到机械硬盘，存储板块的涨势已经让市场充分意识到这门传统生意的分量。
5、新年序开，志怀高远
多个现场路人拍到马云坐在普通观众看台的二楼，一身简单的白色短袖，和旁边的杨元庆相谈甚欢。
这一洞察并非空想。
北京时间7月20日凌晨3时，阿根廷将在决赛中与西班牙展开巅峰对决，一场德拉富恩特与斯卡洛尼的师徒对决即将上演，一场缺席的欧美杯也将以另一种方式圆满。
6、球队利益至上！哈兰德爽约新绝代双骄对决 赛后与姆巴佩谈笑风生
球队强调中场传控与节奏控制，依赖边锋一对一爆点能力，主打边路传中与中路渗透结合，前场逼抢强度适中，更注重阵地战稳步推进。
克勒舍与法兰克福的合同要到 2028 年 6 月 30 日才到期，米兰需要支付一笔违约金才能将他从合同中解放出来。
7、枕巾湿了别大意！睡觉总流口水，警惕是这5种疾病的信号
从青训造血到战术体系的完美适配，马竞正在走一条不同于皇马、巴萨的独特道路。
该网站设定的500万签名目标在短时间内被宣告达成，但在这场看似声势浩大的“数字狂欢”背后，不仅隐藏着数据真实性的疑云，更意外点燃了C罗与梅西之间旷日持久的“GOAT（史上最佳）”之争。
8、伪球迷穿搭指南：我承认，我只负责好看
值得一提的是，在地平线股价回落后，目前已经与近日港股新星Momenta的市值极为接近。
失去了中场的梳理与拦截，法国队的攻防转换完全脱节，豪华的锋线群陷入了孤立无援的境地。
若非贝林厄姆在对阵墨西哥和挪威的比赛中连场梅开二度、以一己之力扛着球队前行，英格兰恐怕早已止步16强。
9、捶草地！抱头无奈！不敌南非后韩球员众生相，孙抱头无奈多人致歉
由此，评估形成了从智能体方案生成、计算校验到湿实验物理验证的闭环证据链。
这意味着，在Robotaxi、机器人等业务贡献出利润之外，特斯拉面向物理 AI 的这一艰难转型过程将持续数年的时间——烧钱是确定的，但挣钱却依旧在不确定之中。
10、ARK CEO：SpaceX股票虽腰斩，仍将是“全球史上最重要公司”
接下来，英格兰队将在半决赛中迎战阿根廷队与瑞士队之间的胜者。
当然是那个花了几年时间学会了一件事的球员——你控制不了机会什么时候来，只能控制机会来的时候你准备好了没有。
1、全世界声讨裁判偷走了埃及胜利：阿根廷名宿承认萨拉赫点球被忽视
另外，拉莫斯本人的意愿也很重要，他是愿意去米兰接受新的挑战，还是更倾向于留在巴黎竞争位置，或者去其他更有竞争力的球队，这些都是未知数。
2、耻辱出局！史上最强的挪威，击溃了史上最弱的巴西！
巴西（第五，升1位）和摩洛哥（第六，升1位）双双超越葡萄牙（第七，降2位）。
3、功能多多~延庆法律图书馆正式开放！
世界杯最佳三人组的头衔，或许并没有唯一的标准答案。韩国逆袭捷克，不愧亚洲之星！不过，根据公司的说法，收购淄博瑞光后，将聘请专业评估机构对淄博瑞光可辨认净资产公允价值份额进行确认，并确认相关商誉，预计商誉2亿元-3亿元。
4、@孝感市民，24小时保险服务热线，速收藏→
但狂欢之后，人们开始冷静思考，AI手机到底是怎样的。
5、77万元！无锡知名景区发布悬赏！
然而，在真正决定生死的淘汰赛深水区，这位“第一大英帝星”却未能延续超巨的统治力。
6、“北方唐宁街10号”启动，伯纳姆预计将每周赴曼彻斯特理政
这不是一个球员从第一场扛到最后一场的故事。
在球队经历动荡、前任主帅下课的艰难岁月里，他是阵中极少数能持续保持高水准的球员。
不过相比日本的均衡，瑞典的阵容呈现出“头重脚轻”的特点，锋线豪华但中后场厚度不足。
7、一口甜到心坎，这瓜什么来头？
如果一切顺利，克罗舍将成为米兰新任足球主管，负责俱乐部的转会和青训工作，当然伊布仍然拥有很大的话语权。
对此他表示：“拉姆是传奇人物，这个比喻对我而言是莫大的褒奖。
8、看完阿根廷2-1英格兰！不得不承认5个事实，梅西第9座金球稳了！
小组赛三场球，南非把这套战术玩到了极致。
冲突发生在上半场第43分钟，当时阿根廷球员帕雷德斯犯规送给瑞士队一个前场定位球。
北方华创自己的七星华创流量计公司，前身是国营700厂的一个攻关小组，四十年前就做出了国内第一台气体质量流量控制器。
早在一月转会窗开启时，福法纳就被与加拉塔萨雷联系在一起，他不再是米兰的非卖品，如果夏窗收到合适报价，很有可能会被清理掉。
穆帅重塑皇马黄金12宫，6选2：切尔西1.2亿中场、曼城中卫是首选
突然宣布扩大裁员规模，或达10万人！
宣战问界理想？小米汽车发布新品牌SkyNomad
世界杯历年最佳门将榜单出炉！阿根廷的马丁内斯为何争议最大
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- 1 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。
- 2 前者可以靠几千、上万家门店积少成多，后者却只能赌自己门口每天有没有足够多的人进来。
- 3 原因是该交易发生在2025年6月30日前，已被统计到24/25财年账目，因此尽管荷兰人是在去年夏窗离队，但不会计入25/26财年。
- 4 拉长到前五个月累计来看，动力电池装车量259GWh，同期电池产量863GWh，累计利用率约为30%。
- 5 据悉，米兰已经与波切蒂诺就一份每赛季税后最高可达500万欧元的合同达成了原则性协议。
- 6 不少球迷直言：“山东泰山只输了两个已经是运气好了，全靠王大雷8次极限扑救在门前‘续命’。
- 7 梅西与萨拉赫两大巨星的直接对话，是本场比赛最大的看点。
- 8 ” 弗里克的爱将：全能属性与战术服从 作为主帅汉斯·弗里克麾下的多面手，埃斯帕特曾被比作德国传奇拉姆。
- 9 加上此前颧骨骨折接受手术的莫德里奇，米兰在4处位置各缺一员主将，做客热那亚凶险万分。
- 10 无论最终是否登场，德布劳内对比利时足球的贡献早已载入史册。
- 11 但他从未真正赢得过稳定的首发位置，特别是球队换帅帕拉迪诺后，穆萨的出场时间被急剧压缩，最近8场比赛只替补出战14分钟。
- 12 开幕式上，两只身着世界杯主题球衣的LABUBU人偶在球场中央和观众互动，还登上了世界杯官方MV，着实在全球数十亿观众面前露了脸。
- 13 红黑军团必须依赖出售球员回笼资金，目前莱奥或埃斯图皮尼安的转出是触发卡雷察斯正式报价的先决条件。
- 14 车主只知道车坏了，找的是卖车的人。
- 15 足球规则也挡不住他。
- 16 我们希望与行业内成熟、有实力的企业开展合作，包括联合发布白皮书、分享行业经验和最佳实践，为客户提供参考建议。
- 17 尽管在四分之一决赛中遗憾负于英格兰，哈兰德仍将挪威队本届世界杯的征程，称作他人生中最美妙的一段旅程。
- 18 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。
- 19 葡萄牙的战术更加灵活，马丁内斯可以根据对手在4-3-3、4-2-3-1甚至3-4-2-1之间切换。
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