--- title: "Soochow Securities Co., Ltd.: Solid-state battery 0-1 industrialization accelerates, equipment manufacturers benefit first" type: "News" locale: "en" url: "https://longbridge.com/en/news/245190446.md" description: "Soochow Securities Co., Ltd. released a research report indicating that the industrialization process of solid-state batteries is accelerating, and it is expected to enter a critical period for pilot line implementation in 2025-2026. The promotion from both policy and application sides, including the Ministry of Industry and Information Technology's comprehensive solid-state battery standard system and a special R&D fund of 6 billion yuan, is prompting automakers such as BMW and Chery to initiate road tests. The equipment sector will see continuous iterative optimization, especially in core process equipment such as dry electrode equipment and isostatic presses" datetime: "2025-06-19T01:24:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/245190446.md) - [en](https://longbridge.com/en/news/245190446.md) - [zh-HK](https://longbridge.com/zh-HK/news/245190446.md) generator: "portal-rs" --- # Soochow Securities Co., Ltd.: Solid-state battery 0-1 industrialization accelerates, equipment manufacturers benefit first According to Zhitong Finance APP, Soochow Securities released a research report stating that continuous policy and application support are accelerating the industrialization process of solid-state batteries. In April 2025, the Ministry of Industry and Information Technology issued a standard system for solid-state batteries and invested 6 billion yuan in special R&D funds. End vehicle manufacturers such as BMW and Chery have already started road tests, and battery manufacturers are gradually establishing solid-state pilot lines. It is expected that 2025-2026 will be a critical period for the establishment of pilot lines, with continuous iteration and optimization in the equipment sector. ## The main points of Soochow Securities are as follows: **Continuous support from policy and application accelerates the industrialization of solid-state batteries from 0 to 1** From the policy perspective, in April 2025, the Ministry of Industry and Information Technology issued the establishment of a standard system for solid-state batteries, having previously invested 6 billion yuan in special R&D funds; from the application perspective, end road tests and leading battery manufacturers' pilot projects are gradually being implemented, with vehicle manufacturers like BMW and Chery consecutively starting road tests, and commercial progress exceeding expectations. At the same time, battery manufacturers such as CATL and Qingtao are building solid-state pilot lines. The Ministry of Industry and Information Technology's project is expected to undergo a mid-term review by the end of 2025. Currently, the main challenges for solid-state batteries lie in the manufacturing process, and it is expected that 2025-2026 will be a critical period for the establishment of pilot lines, with equipment entering a phase of continuous iteration and optimization. **Compared to traditional liquid-state, the changes in solid-state equipment are concentrated in the front and middle processes** (1) Semi-solid: The process is not much different from liquid batteries, but compared to liquid batteries, it mainly adds the coating of solid electrolytes, 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) Full solid-state: The core process equipment for full solid-state, especially sulfide, mainly includes dry electrode equipment in the front process and stacking machines & isostatic pressing equipment in the middle process. 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 Middle process isostatic presses & 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 full solid-state soft-pack batteries. **In the 0-1 stage of industrialization, equipment continues to optimize and iterate** Recently, several equipment companies have actively promoted the layout of solid-state battery equipment. (1) LEAD INTELLIGENT: Streamlined the manufacturing process of solid-state batteries, forming a complete line solution covering solid-state electrode preparation, solid-state electrolyte membrane preparation and composite 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 the customer's domestic factory. (3) Huaya Intelligent: Recently, its subsidiary Guan Hong Intelligent signed a project agreement for a 200MWh solid-state battery production line with Haixi Communication, promoting the industrial application of dry electrodes in solid-state **Investment Recommendations** We strongly recommend the solid-state battery equipment line supplier LEAD INTELLIGENT and the formation and capacity equipment supplier Hangke Technology. We suggest paying attention to the dry/wet electrode equipment supplier YINGHE TECHNOLOGY, the dry electrode & module PACK supplier Xianhui Technology, the line supplier Lyric Robot, the dry electrode equipment supplier Mannesmann, the dry roller press supplier Nakano, the dry electrode equipment supplier Huaya Intelligent, and the laser welding equipment supplier Lianying Laser. **Risk Warning:** Technology development may fall short of expectations, and competition may intensify ### Related Stocks - [688499.CN](https://longbridge.com/en/quote/688499.CN.md) - [BMWYY.US](https://longbridge.com/en/quote/BMWYY.US.md) - [300450.CN](https://longbridge.com/en/quote/300450.CN.md) - [300457.CN](https://longbridge.com/en/quote/300457.CN.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [688006.CN](https://longbridge.com/en/quote/688006.CN.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [688155.CN](https://longbridge.com/en/quote/688155.CN.md) - [601555.CN](https://longbridge.com/en/quote/601555.CN.md) - [003043.CN](https://longbridge.com/en/quote/003043.CN.md) - [688518.CN](https://longbridge.com/en/quote/688518.CN.md) ## Related News & Research - [What’s driving yields higher? 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