Yuanda Information Release: Power Equipment and New Energy Industry Weekly Report (20231211-20231217).
From: Yuanda Information Research Institute.
Analyst: Wu Qidi.
Practice registration number: A0190523020001
Research Assistant: Hengfa Chen.
Practising registration number: A0190123040006
Published: December 18, 2023.
Essentials. The annual PV conference raised the PV installed capacity for the second time**
On December 15, at the 2023 annual meeting of the photovoltaic industry, Wang Bohua, honorary chairman of the China Photovoltaic Industry Association, said that the installed capacity of the first in 2023 will be increased for the second time, and the new installed capacity of global photovoltaic will be raised from 305-350GW to 345-390GW. China's new PV capacity** has been raised from 120-140GW to 160-180GW.
In November, the loading volume of power batteries continued to increase
On December 11, the China Automotive Power Battery Industry Innovation Alliance released that in November, China's power battery loading volume was 449GWh, a year-on-year increase of 310%, an increase of 145%。Among them, the loading capacity of ternary batteries is 157GWh, accounting for 35 of the ** car volume0%, a year-on-year increase of 424%, an increase of 275%;Lithium iron phosphate battery loading capacity 291GWh, accounting for 64 vehicles9%, a year-on-year increase of 260%, an increase of 85%
Recommendations
PV: Supply side: The Ministry of Industry and Information Technology plans to hold a photovoltaic symposium on November 13, focusing on guiding the layout of photovoltaic industry capacity and promoting high-quality developmentOn the demand side: the end of the U.S. interest rate hike cycle and the easing of Sino-US relations are expected to open up market space. It is recommended to pay attention to the layout of new technologies and leading companies in each link 1) Module integration leaders: LONGi Green Energy, JA Solar. 2) Equipment manufacturer with new cell technology: Jiejia Weichuang.
New energy vehicles: With the continuous improvement of the global penetration rate of new energy vehicles and the rapid development of intelligent vehicles, we continue to be optimistic about the trend of vehicle electrification, intelligence and lightweight.
Battery: It is recommended to pay attention to the following main investment lines: 1) Battery links with high barriers and profitability are expected to improve, it is recommended to pay attention to: CATL, BYD;2) Leading enterprises with tight supply and demand and strong bargaining power in key material links;3) Investment opportunities with new technologies with alpha (solid-state batteries, 4680, sodium electricity, composite current collectors, etc.) from 0-1.
Wind power: Jiangsu 2021 Phase I bidding 2Substantial progress has been made in the 65GW stock project, and the Three Gorges Dafeng 80OMW project and Guoxin Dafeng 850MW project have ushered in bidding and sea use rights publicity. This marks the lifting of the previous restrictive factors that have affected the progress of the project, and we expect that China's sea breeze is expected to enter an accelerated construction period. It is recommended to pay attention to companies with strong cost control capabilities, high technical barriers, and large megawatt benefit links 1) Complete machine manufacturers: Haili Wind Power, Sany Renewable Energy, Goldwind Technology. 2) Bearing: Changsheng bearing. 3) Submarine cable: Zhongtian Technology, Dongfang Cable.
Risk Warning. Policy is less than expected risk;The industry is not growing as expected;Raw material ** fluctuation risk;Competition in the industry has intensified.
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