Citic Sec believes that with the technology upgrades and market demand expansion in the nengyuanhangye, key materials such as composite conductive materials (copper foil, aluminum foil) and silicon-carbon anodes are reaching a turning point for large-scale production. Among them, composite conductive materials are quickly expanding in application within the new energy autos and consumer electronics sectors due to their lightweight and safety performance advantages, making them a focus of industry attention. Meanwhile, silicon-carbon anodes play an important role in battery material upgrades due to their fast charging capabilities. The commercialization of CVD silicon-carbon technology brings new growth opportunities for related enterprises. Solid state battery technology is driving the comprehensive acceleration of industry chain development.