According to the latest "Global Solid-State Battery Industry Development Dynamics Quarterly Report_Q1 2026" from TrendForce, there were over 57 financing deals in the global solid-state battery sector from 2025 to the first quarter of 2026. A total of 46 companies received new funding, with disclosed financing amounts exceeding $1.3 billion (approximately RMB 9.7 billion). The technological focus has been on sulfide and polymer/oxide composite approaches. TrendForce indicated that by early 2026, the global solid-state battery industry had entered a critical phase of engineering validation and key technological breakthroughs. Japanese and South Korean manufacturers, including Toyota, Honda, Nissan, and Samsung SDI, held a slight lead in small-scale trial production verification for all-solid-state batteries, with clear commercialization timelines. Their primary goal for 2026 is to improve battery yield rates and product quality. In China, leading companies such as CATL, GAC GROUP, GEELY AUTO, and BYD COMPANY initiated equipment tenders for small-scale trial production of all-solid-state batteries in the second half of 2025, accelerating verification efforts. Material suppliers, equipment manufacturers, battery cell producers, and automakers are collaborating to tackle mass-production challenges. Concurrently, the solid-state battery sector is entering a financing window, with prominent startups like Beijing Weilan, Qingtao Energy, and the US-based solid-state battery technology company Factorial accelerating plans for IPO fundraising. Analyzing financing among cell manufacturers, since 2025, over 26 global solid-state battery players (excluding materials and equipment specialists) have secured new funding rounds. The top three recipients by amount were Qingtao Energy, the US-based solid-state battery R&D firm QuantumScape, and the US solid-state battery technology company Solid Power. TrendForce pointed out that semi-solid-state battery technology, currently represented by polymer and oxide routes, has achieved GWh-scale mass production and shipment by Chinese players, with shipments continuing a slow upward trend in 2025. As the technology matures and the supply chain scales up, more manufacturers' semi-solid-state battery products are expected to enter mass production in 2026, contributing to overall cost reduction. Regarding all-solid-state batteries, global mainstream automakers are set to commence vehicle integration testing in 2026, accelerating the establishment of a next-generation battery supply chain to support commercial production. TrendForce believes that solid-state battery-related technologies are advancing from laboratory R&D to the stages of engineering validation and industrial preparation. The period from 2025 to 2026 represents a critical window for relevant companies to secure financing, accelerate R&D and innovation, and drive the large-scale commercial application of solid-state batteries.