On September 4, the Ministry of Industry and Information Technology and the State Administration for Market Regulation issued the "Electronic Information Manufacturing Industry Steady Growth Action Plan for 2025-2026." The plan proposes that from 2025 to 2026, the average growth rate of added value in above-scale computer, communication and other electronic equipment manufacturing should be around 7%. Including lithium batteries, photovoltaics, and component manufacturing, the electronic information manufacturing industry's average annual revenue growth rate should reach over 5%.
According to statistical data and interviews with relevant companies, A-share lithium battery equipment enterprises began reflecting "new momentum" in their first-half operational performance. Major lithium battery equipment companies have shown signs of order recovery.
Since January, leading enterprises including Yinghe Technology, Lead Intelligent Equipment, Li Yuanheng, Yifei Laser, Winhope Technology, and Yuchen Intelligent have intensively announced positive developments. Order types encompass key lithium battery production segments including coating, calendering, cutting and stacking, assembly, formation and grading, and complete backend production lines. The customer base includes top European lithium battery manufacturers, globally renowned automotive brands, leading domestic battery companies, and emerging industry giants in energy storage and AI computing power.
Research indicates that 2025 orders are expected to return to 2020-2021 levels. In the domestic market, production line upgrade and renovation demand is being released, with leading battery companies like CATL, BYD COMPANY, and EVE Energy actively expanding capacity. This is coupled with deeper engineering validation of new technologies such as large cylindrical and solid-state batteries, driving equipment updates and replacements.
In overseas markets, energy transition policies and the explosive growth of the energy storage market are driving power battery demand recovery and energy storage installation demand surge. Overseas battery manufacturers are restarting capacity expansion, with lithium battery equipment demand growth exceeding domestic levels. The second half of 2024 marks a peak period for overseas project bidding, facilitating entry into the batch delivery phase of orders in 2025.
New market entrants and automotive manufacturers are accelerating their battery industry deployment, also driving complete production line equipment procurement demand. Non-standard customization and higher-requirement energy storage cells will effectively increase equipment value.
Looking ahead to 2025, the lithium battery equipment industry is expected to emerge from its trough and return to an upward trajectory.
Related Hong Kong-listed companies in the lithium battery equipment supply chain include: CATL (03750), BYD COMPANY (01211), China Innovation Aviation Technology (03931), and Refire Technology (00666).