Solid-State Battery Breakthrough Fuels 20% Surge in Wanrun New Energy Stock Within Minutes

Breaking News! Stock 688275 surged 20% and hit the limit up within just 10 minutes! Exciting news regarding solid-state batteries!

Today, the A-shares market has shown an overall upward trend, with the ChiNext Index surging nearly 3% at one point, reclaiming the 3200-point mark. The Shenzhen Component Index, Shanghai Composite Index, and the northern stock indices also exhibited slight gains, while the Shanghai 50 and Sci-Tech 50 indices experienced minor declines. Due to the holiday effect, trading volume showed a slight contraction.

In terms of sector performance, battery, photovoltaic, wind energy, and brokerage stocks led the gains, while education and training, coal, aquaculture, and e-commerce sectors saw the largest declines.

The entire battery industry chain is seeing significant strength, with new energy concept stocks performing strongly. Battery-related stocks are leading the way, with the sector index surging over 5% and reaching a three-year high. Half-day trading volume approached that of the entire previous trading day. Wanrun New Energy (688275) opened high and quickly hit the 20% limit up within about 10 minutes, setting a new annual high. Other companies like Hunan Yuneng, Tianci Materials, and Shida Shenghua also reached their limit up or gained over 10%.

Sub-sectors within the battery industry chain, including energy metals, sodium batteries, energy storage, and solid-state batteries, have also shown robust gains, with stocks like Boqian New Materials, Xiangtan Electrochemical, Dufeng, and Tianji Co. all hitting their limit up.

In terms of news, solid-state battery technology has achieved a breakthrough. According to Tsinghua University, a team led by Professor Zhang Qiang has made significant progress in the polymer electrolyte research for lithium batteries, providing new ideas and technological support for the development of practical, high-safety, high-energy-density solid-state lithium batteries. This battery has successfully passed safety tests for puncture and exposure to a 120-degree Celsius heat chamber without any combustion or explosion, showcasing excellent safety performance. The related findings have been published in the prestigious journal Nature.

Furthermore, the energy storage sector continues to exhibit exceptional prosperity. Data from the Zhongguancun Energy Storage Industry Technology Alliance indicates that the bidding scale for energy storage systems in August reached 17.7 GW and 45.7 GWh (including collective procurement and tender procurement), marking a year-on-year increase of 237.1% and 691.4%, and a month-on-month increase of 762% and 1005.4%. This has set a historical monthly high for energy storage system bidding.

In mid-September, the National Development and Reform Commission and the National Energy Administration jointly issued the “Special Action Plan for Large-Scale Construction of New Energy Storage (2025-2027),” proposing that the new installed capacity of energy storage nationwide exceeds 100 million kilowatts over the next three years. By 2027, the installed capacity of new energy storage is expected to exceed 180 million kilowatts (180 GW), driving direct investment in projects to approximately 250 billion yuan. The Ministry of Industry and Information Technology and the State Administration for Market Regulation have also issued the “Stable Growth Action Plan for the Electronic Information Manufacturing Industry (2025-2026),” which emphasizes continued support for foundational research in cutting-edge technologies such as all-solid-state batteries.

According to a report from CITIC Securities, there is continued optimism regarding the energy storage and lithium battery sectors. The ongoing growth in energy storage demand is expected to drive both volume and profit increases across the industry chain. The current core issue is whether the sustainability of energy storage demand can continue to support an upward revision of the 20% growth forecast for 2026. Attention is being paid to the energy storage bidding in the fourth quarter, the expected purchase orders from battery companies at the end of November, and the policies related to replacing old electric vehicles in 2026 and lithium battery production schedules.

Positive policies for photovoltaic and wind energy sectors have led to a significant increase of 2% in the solar and wind energy sector indices, with the photovoltaic sector index reaching a new annual high. Yicheng New Energy saw its stock hit the limit up after just 14 minutes of trading, marking its second consecutive day of gains. Lan Feng Biochemical also quickly hit the limit up, achieving a sixth consecutive day of gains, while Jixin Technology recorded its third consecutive day of gains, with stocks like Ailuo Energy and Shangen Electric reaching their limits or gaining over 10%.

Recently, at the United Nations Climate Change Summit, China announced a new round of national contributions: by 2035, it aims to reduce net greenhouse gas emissions across the entire economy by 7%-10% from peak levels, striving for even better results. The share of non-fossil energy consumption in total energy consumption is expected to exceed 30%, and the total installed capacity of wind and solar power is targeted to exceed six times that of 2020, aiming for 3.6 billion kilowatts. Based on the current total installed capacity of wind and solar power in China at the end of 2024, which stands at 1.41 billion kilowatts, nearly 2.2 billion kilowatts of new capacity will need to be added over the next decade, requiring an average annual addition of about 200 million kilowatts.

Additionally, the National Energy Administration and other departments recently issued “Guiding Opinions on Promoting High-Quality Development of Energy Equipment,” which calls for breakthroughs in key equipment such as high-performance, long-life offshore wind turbine blades, high-power gearboxes, ultra-high mixed tower structures, and reliable, cost-effective floating foundations. There is also an emphasis on developing key technologies for wind turbine equipment that operates in complex and harsh environments to enhance the operational reliability of wind turbines in deep sea and other challenging scenarios.