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中文June Key Highlights:
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PISEN partners with Ganfeng and EVE: Tripartite alliance creates full “lithium resources + automotive-grade manufacturing” supply chain, bringing automotive standards to consumer batteries
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EVE’s H1 net profit up 95%-110%: Expected net profit of RMB 3.13-3.37 billion, signaling industry-wide profit recovery
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Solid-state battery commercialization gains momentum: Ganfeng’s 400Wh/kg cells achieve 800+ cycle life; 500Wh/kg products enter small-batch production
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Lithium carbonate price holds above RMB 170,000/ton: ESS demand and AI data center power needs become key price drivers
I. Industry Developments: From “Price Wars” to “Quality-First”
On June 24, PISEN—a 20-year veteran of the power bank industry—joined forces with Ganfeng Lithium and EVE Energy in Shenzhen to sign a strategic cooperation agreement under the theme “New National Standards · New Core Future.” The three parties announced the integration of “lithium resources + automotive-grade manufacturing” to build a safe, transparent, and high-quality national charging ecosystem. The collaboration is driven by the full implementation of the new national safety standard for power banks (GB 47372-2026), marking the industry’s transition from rapid expansion to a “quality-first” era.
PISEN Chairman Zhao Guocheng stated: “We are saying goodbye to low-quality internal competition and traffic-driven battles. We will reshape industry standards with automotive-grade requirements, moving the power bank industry from price competition back to safety as its core value.” This reflects a broader industry-wide shift from “scale expansion” to “precision investment.”
Notably, since early 2026, multiple A-share companies including Zhongke Electric, Dynanonic, Enjie, and Yongtai have announced the termination of major lithium battery investment projects, reallocating resources toward more competitive high-end capacity. Industry observers note that the sector is moving from a “land-grabbing” phase toward more rational investment decisions.
II. Market Performance: Sustained Upward Momentum
The lithium battery sector has delivered strong capital market performance. Through June 23, the lithium battery concept index has gained over 17% year-to-date, significantly outperforming the CSI 300 Index. The industry cycle has clearly entered an upward phase, with multiple institutions forecasting a volume-price rally ahead.
Production data corroborates this trend: six major lithium battery manufacturers reported combined production of approximately 175.7 GWh in June, up 68% year-over-year and 6% month-over-month, reflecting sustained industry strength.
EVE Energy’s profit guidance offers further validation—H1 2026 net profit is expected to grow 95%-110% year-over-year, with revenue up approximately 60%. This strongly indicates that profit recovery across the lithium supply chain is accelerating. Analysts expect the sector to experience a volume-price resonance upcycle as peak season approaches for both EV and ESS demand.
III. Technology Frontier: Solid-State Battery Commercialization Accelerates
Solid-state batteries are moving from labs to production lines. Ganfeng Lithium recently disclosed that it has established full-chain solid-state battery capabilities covering sulfide electrolytes, oxide electrolytes, and lithium metal anodes. Its 400Wh/kg cells have achieved over 800 cycle life with engineering validation complete, while 500Wh/kg products have entered small-batch production. The silicon-based system offers a 320-450Wh/kg product roadmap, with 320Wh/kg cells exceeding 1,000 cycles.
These breakthroughs signal that commercialization of next-generation battery technology is accelerating, potentially opening new growth ceilings for the new energy sector.
IV. Demand Landscape: From Single Driver to Triple-Pillar Support
The global lithium demand structure has undergone a fundamental shift. Industry experts point out that EV batteries form the demand base, ESS has become the core variable influencing lithium prices this year, and AI data center expansion is further driving ESS installation growth.
Leading ESS battery manufacturers are operating at full capacity, with some orders already booked through Q2 2027. Global ESS installations are projected to reach 455 GWh in 2026, up 40% year-over-year. The lithium battery industry is transitioning from a single-pillar (EVs) model to a “three-pillar” growth structure: EV batteries as the foundation, ESS as the high-growth engine, and AI computing infrastructure as an emerging demand driver.
