---
title: "Soochow Securities Co., Ltd.: Policies and applications are continuously ramping up, solid-state battery equipment is entering a stage of continuous iteration and optimization"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245026872.md"
description: "Soochow Securities Co., Ltd. released a research report indicating that solid-state battery equipment is entering a phase of continuous iteration and optimization, with a key period for pilot production expected in 2025-2026. In terms of policy support, the Ministry of Industry and Information Technology has invested 6 billion yuan in special R&D funds and plans to establish a standard system for all-solid-state batteries. Several automakers, such as BMW and Chery, have initiated road tests, with commercialization progress exceeding expectations. Equipment companies like LEAD INTELLIGENT and YINGHE TECHNOLOGY are actively advancing their solid-state battery equipment layout, promoting the optimization of manufacturing processes"
datetime: "2025-06-18T06:39:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245026872.md)
  - [en](https://longbridge.com/en/news/245026872.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245026872.md)
generator: "portal-rs"
---

# Soochow Securities Co., Ltd.: Policies and applications are continuously ramping up, solid-state battery equipment is entering a stage of continuous iteration and optimization

According to the Zhitong Finance APP, Soochow Securities released a research report stating that from a policy perspective, the Ministry of Industry and Information Technology issued a standard system for all-solid-state batteries in April 2025, with a prior investment of 6 billion yuan in special research and development funds for all-solid-state technology. On the application side, terminal road tests and pilot tests by leading battery companies are gradually being implemented, with automakers such as BMW and Chery launching road tests one after another, and commercialization progress exceeding expectations. At the same time, battery manufacturers like CATL and QingTao are building pilot lines for all-solid-state batteries. The Ministry of Industry and Information Technology project is expected to undergo a mid-term review before the end of 2025. Currently, the main challenges for solid-state batteries lie in the manufacturing process, with the key period for pilot line implementation expected to be from 2025 to 2026, as equipment enters a phase of continuous iteration and optimization.

**Compared to traditional liquid batteries, changes in all-solid-state equipment are concentrated in the front-end and mid-end**

**(1) Semi-solid:** The process is not much different from liquid batteries, but compared to liquid batteries, it mainly adds solid electrolyte coating, increases the size of the roller press to improve compaction density, reduces the amount of electrolyte, changes the injection machine to a wetting machine, and requires pre-lithiation for formation and capacity.

**(2) All-solid-state:** The core process equipment for all-solid-state, especially sulfide, mainly includes front-end dry electrode equipment and mid-end stacking machines and isostatic pressing equipment. ① Dry electrode equipment: The fiberization method of the binder is expected to become the mainstream solution for dry processes; roller presses can be applied to electrode film formation and thermal compounding, with a significant increase in equipment usage, and higher requirements for working pressure, precision, and uniformity. ② Mid-end isostatic presses and stacking machines: Isostatic presses can solve solid-solid interface issues, with obvious advantages in densification uniformity and consistency, especially suitable for the formation of sulfide solid electrolyte layers; stacking is the most suitable assembly process for all-solid-state soft-pack batteries.

**Industrialization 0-1 stage, continuous optimization and iteration of equipment**

Recently, multiple equipment companies have actively promoted the layout of solid-state battery equipment. (1) LEAD INTELLIGENT: Streamlined the manufacturing process of all-solid-state batteries, forming a complete line solution covering all-solid-state electrode preparation, all-solid-state electrolyte film preparation and compounding equipment, bare cell assembly to densification equipment, and high-voltage formation and capacity. (2) YINGHE TECHNOLOGY: Recently delivered a batch of core solid-state battery equipment—solid-state wet coating equipment, solid-state roller pressing equipment, and solid-state electrolyte transfer equipment—to a leading domestic battery company, which has successfully arrived at the customer's site for pilot line construction in their domestic factory. (3) Huaya Intelligent: Recently, its subsidiary GuanHong Intelligent signed a project agreement with Haixi Communication for a 200MWh production line for all-solid-state batteries, promoting the industrial application of dry electrodes in all-solid-state technology.

**Target aspects**

Key recommendations include solid-state battery equipment complete line supplier LEAD INTELLIGENT (300450.SZ), formation and capacity equipment supplier Hangke Technology (688006.SH), and attention to dry/wet electrode equipment supplier YINGHE TECHNOLOGY (300457.SZ), dry electrode and module PACK supplier XianHui Technology (688155.SH), complete line supplier Liyuanheng (688499.SH), dry electrode equipment supplier Mannester (301325.SZ), dry roller press supplier Nakonoer (832522.BJ), dry electrode equipment supplier Huaya Intelligent (003043.SZ), and laser welding equipment supplier Lianying Laser (688518.SH) **Risk Warning**

Technological development may fall short of expectations, and competition may intensify

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**