This year, domestic and overseas lithium carbonate resource projects have been launched one after another, and smelting capacity has rapidly increased.

In 2025, Gotion High-tech's Jinshi all-solid-state battery will complete its pilot-scale production. Gotion High-tech will adopt a dual-line layout with 12 Gwh of quasi-solid-state batteries and 0.2 Gwh of all-solid-state batteries. By 2027, it aims to achieve mass production of 400 Wh/kg batteries, targeting a market worth hundreds of billions.

Ganfeng LiEnergy has achieved full coverage of the entire industry chain for solid-state batteries, with lithium sulfide mass production leading industry standards, and 500Wh/kg batteries set for commercial application in 2025.

Due to their high ionic conductivity and ease of processing, sulphide-based solid-state electrolytes have become the preferred choice for the industrialisation of all-solid-state batteries. However, breakthroughs are needed in terms of interface stability, cost reduction (e.g., replacing precious metals), and overcoming bottlenecks in large-scale production.

China currently dominates the global lithium battery recycling field, with over 70% of the recycling capacity, covering the entire industrial chain from battery disassembly and crushing to hydrometallurgical purification. Due to the tight supply of recycling raw materials at this stage, market pricing power is mainly in the hands of upstream suppliers. The industry anticipates that once the import and export policies for black mass are officially liberalized, China is highly likely to transform into the world's major importer of lithium-ion battery black mass.

The European Union Batteries and Waste Batteries Regulation (2023/1542) officially entered into force on August 17, 2023, establishing a legally binding framework for the full life cycle management of batteries for all member states