Major Battery Producers Initiate GWh-Level Solid-State Battery Equipment Bidding as Multiple Firms Advance Pilot Production

Recent developments in the solid-state battery sector have seen frequent activity, with companies including FAW, GAC Group, BYD Company Limited, and Contemporary Amperex Technology Co., Ltd. announcing pilot production line launches or achieving phased breakthroughs, injecting new momentum into the industrialization process. Yin Tongyue, Chairman of Chery Automobile, stated during the 2026 Chery Battery Night that Chery's solid-state battery trial production line has developed cells of varying energy densities and is undergoing extensive rigorous testing. According to Gu Chunshan, Vice President of Chery Automobile, as mass production approaches, all-solid-state batteries have become a focal point for the industry and consumers, with Chery committing to unlimited future investment in this technology.

Dongwu Securities released a research report indicating that policy support is the core driver for solid-state battery industrialization, with multiple national departments prioritizing support for solid-state batteries, focusing on sulfide-based all-solid-state technology targeting demonstration operations by 2027. Backed by strong national support, the solid-state battery supply chain has developed rapidly since 2025. For 2026, the sector enters a critical phase, with automotive-grade battery packs expected to roll off production lines in the first half, initiating road testing validation, and mass production lines anticipated to be established in the second half. The report suggests that key catalysts for 2026 will include GWh-level mass production line bidding and road testing of solid-state battery-equipped vehicle models, potentially sparking market interest comparable to two major cycles in 2025. It advises close attention to bidding activities by leading companies and new models appearing in MIIT application catalogs.

China Securities Co., Ltd. noted in a research report that in the lithium battery equipment segment, automakers have clear guidance for all-solid-state battery installation, awaiting bidding catalysts from the equipment side. Significant industrial progress in solid-state batteries has been marked by numerous companies announcing successful all-solid-state battery rollouts and subsequent installation plans, attracting considerable attention. The sector is currently in a "sweet spot" for investment, with leading battery manufacturers having initiated GWh-level all-solid-state battery production equipment bidding. Plans aim for small-batch demonstration installations by 2027 and large-scale mass production by 2030. The time window for equipment manufacturers to secure orders and realize earnings is opening, with expectations for both volume and price increases across the supply chain. The report maintains a positive outlook on the allocation value of the solid-state battery sector.

Hong Kong-listed solid-state battery supply chain companies include: Longpan Technology, REPT BATTERO, Ganfeng Lithium Group Co., Ltd., Tianqi Lithium Corporation, and CALB.

CNGR Advanced Material Co., Ltd. (02579): The company signed a "Solid-State Battery Strategic Cooperation Framework Agreement" with Sunwoda on December 25, 2025. Both parties possess strong brand images and exhibit high complementarity and compatibility in strategic cooperation, maintaining a good cooperative relationship. Based on principles of equality and mutual benefit, the agreement aims to establish a deep strategic partnership for the joint development of new energy battery materials for solid-state battery applications, promoting the industrialization of these materials.

GAC GROUP (02238): On November 21, 2025, Feng Xingya, Chairman of GAC Group, announced at the 2025 Guangzhou Auto Show that the company's all-solid-state battery pilot production line, constructed in Panyu, Guangzhou, had recently been officially completed and put into operation. This production line has successfully established the entire manufacturing process for all-solid-state batteries, making it the first in the industry to meet the conditions for mass production of automotive-grade all-solid-state batteries with capacities above 60Ah. Morgan Stanley identified three positive factors for GAC Group, including management's latest statement targeting mass production of models equipped with all-solid-state batteries by 2026; significantly increased disclosure of information regarding the Aion brand co-developed with Huawei; and the announcement of a marketing collaboration with JD.com.

BYD COMPANY (01211): Sulfide-based solid-state batteries are expected to achieve small-batch production by 2027.

Contemporary Amperex Technology Co., Ltd. (03750): The company stated via an interactive platform that it continues firm investment in all-solid-state batteries, maintaining a leading technological position in the industry, with small-batch production anticipated by 2027.

Weichai Power Co., Ltd. (02338): On February 28, the company stated via an interactive platform that it is conducting research and development for the industrial landing of solid-state batteries and currently has no aircraft engine business.

JOYSON ELEC (00699): Joyson Electronic has entered a strategic cooperation with Envision AESC to jointly explore the market for power energy in embodied intelligent robots. Both parties will fully integrate their core advantages in battery management system technology, solid-state battery technology, and the field of embodied intelligence, collaborating across product synergy, technology integration, and market co-development to provide energy system solutions of "battery cells + BMS support + data services" for embodied intelligent robots.