CITIC Securities: Continue to be optimistic about the configuration value of the solid-state battery sector.

In its report, CITIC Securities stated that in the field of lithium battery equipment, automobile manufacturers have clearly outlined the guidelines for solid-state loading, and are waiting for the catalyst of equipment bidding. There has been significant progress in the industrialization of solid-state batteries, with major companies announcing the successful launch of solid-state batteries and subsequent loading guidelines, attracting significant attention. The sector is currently in the "strike zone", with leading battery manufacturers already initiating the bidding for GWh-level solid-state battery production equipment, planning to achieve small-scale demonstration loading by 2027 and mass production by 2030. The time window for equipment company orders to be fulfilled and performance released is opening, and it is expected that both quantity and price of the industry chain will rise. The configuration value of the solid-state battery sector continues to be promising.