Energy storage demand explodes, "lighting up" the lithium battery industry's third-quarter performance.

With the global surge in energy storage demand leading the way, the revenue and profits of the lithium battery industry in the third quarter reports have both rebounded compared to the previous quarter, with an even larger year-on-year increase in the third quarter. According to Shanghai Securities News, as of 4pm on October 30th, a total of 89 companies in the battery industry have disclosed their third quarter reports, with total revenue for the first three quarters reaching 779.6 billion yuan, an increase of 13.50% year-on-year; total net profit attributable to shareholders reached 68.2 billion yuan, an increase of 32.86% year-on-year. Looking solely at the third quarter, the year-on-year increase in net profit attributable to shareholders reached as high as 55.41%. In terms of the main materials in the lithium battery industry, the price of lithium hexafluorophosphate has rebounded by 113% from the low point earlier in the year, standing out among the four major materials in lithium batteries. As the lithium battery industry recovers, the industrialization process of solid-state batteries is also advancing rapidly, with frequent reports of technological breakthroughs, capacity construction, equipment delivery, and other news in recent times, bringing the commercialization of solid-state batteries closer.