This year's vehicle road test, demonstration mass production next year? Overview of solid-state battery concept stocks

The battery industry chain performed well on March 11, with solid-state batteries leading the gains. Xiongtao Co., Ltd. hit the daily limit; Wuhan Lande, Ruifeng High-tech, Zhongyi Technology, Haibo Sichuang, and Defu Technology all surged over 10%.

Tianfeng International stated that as a major innovation in lithium battery technology, the industrialization process of solid-state batteries is expected to bring structural valuation reshaping opportunities for the sector. The current market debate is no longer about whether solid-state batteries are feasible but about industry progress, process pathways, and whether they can achieve commercialization by 2030. The industry consensus is that vehicle integration validation will begin in 2026, with demonstration mass production in 2027.

Leading automakers are also announcing their own strategic plans for solid-state batteries. In November 2025, GAC Group announced the completion of China’s first large-capacity all-solid-state battery production line, currently in small-batch testing, which has already created conditions for mass production of vehicle-grade solid-state batteries above 60Ah.

Geely Holding’s Senior Vice President and CTO Shen Yuan revealed that the company has locked in three parallel technical routes, aiming to launch its first solid-state battery prototype vehicle in 2026, start small-scale industrialization in 2027, and fully realize the industrial layout of solid-state batteries by 2030.

Chery Automobile Vice President Gu Chushan stated that the company plans to achieve a 0.5GWh pilot line production and pack assembly by 2026, with continuous production of 60Ah solid-state cells, and to initiate vehicle integration demonstrations of solid-state batteries in 2027.

Changan Automobile told investors that it expects to install and validate the “Jinzhongzhao” solid-state batteries on robots and vehicles before Q3 this year. According to the plan, after completing vehicle validation in 2026, Changan will gradually promote mass production of solid-state batteries in 2027.

Dongwu Securities noted that in the solid-state battery sector, the marginal change in 2026 will shift from cells to packs, with core catalysts being road tests of solid-state vehicle models. This is expected to bring two major upward cycles similar to 2025, driven by the offline of vehicle-grade cells in H1 and the landing of pilot lines in H2.

From the demand perspective, solid-state batteries have broad application prospects in new energy vehicles, low-altitude economy, consumer electronics, and energy storage due to their high safety and high energy density. Dongwu Securities believes that solid-state batteries are expected to enter small-scale mass production in 2027 and large-scale commercialization by 2030. The shipment volume could grow from 1GWh in 2027 to 100GWh in 2030, and 1000GWh by 2035; market size could increase from 5 billion yuan in 2027 to 150 billion yuan in 2030, and 800 billion yuan by 2035.

In terms of stocks, the battery sector (CATL, Guoxuan High-tech, Jinlongyu), equipment sector (Xianhui Technology, Lead Intelligent, Liyuan Heng, etc.), and materials sector (Shanghai Xiba, Huasheng Lithium, Rongbai Technology, etc.) are receiving considerable market attention.

(Source: Oriental Fortune Research Center)