Investment Rating - The report maintains an "Accumulate" rating for the power equipment industry [1] Core Views - The power equipment industry is experiencing high demand due to electricity shortages and a continuous positive outlook for energy storage [1] - The report highlights significant growth in energy storage projects, particularly in regions like Inner Mongolia, with nearly 100GWh of projects underway [3] - The report emphasizes the increasing utilization of new energy storage technologies and the supportive policies from the government, which are expected to drive growth in the sector [3] Industry Trends - The energy storage sector is projected to see over 60% growth in installed capacity in 2026, with a compound annual growth rate of 30-50% from 2027 to 2029 [3] - The report notes that the domestic electric vehicle market is expected to stabilize, with a projected 5% growth in 2026 and a significant increase in exports [3] - The report indicates that the demand for lithium batteries remains strong, with prices for lithium carbonate and other materials showing fluctuations [3] Company Performance - Major companies in the sector are showing strong revenue growth, with Daikin Heavy Industries reporting a 63.34% increase in revenue year-on-year [3] - Companies like Ningde Times and BYD are highlighted as leaders in the battery and energy storage markets, with significant investments and expansions planned [3] - The report mentions various companies' strategic partnerships and projects, such as Ningde Times' collaboration with global mining giants and the expansion of production capacities [3] Investment Strategy - The report recommends focusing on leading companies in the energy storage and lithium battery sectors, such as Ningde Times, BYD, and others, due to their strong growth potential and market leadership [3] - It suggests that the energy storage market will continue to grow, driven by both domestic and international demand, particularly in the U.S. and Europe [3] - The report also highlights the importance of technological advancements in energy storage and battery production, which are expected to enhance profitability for key players in the industry [3]

两会时间窗口与地缘阴霾交织 —— 2026 年 3 月三十大标的投资组合报告 分析师：杨超、孔玥、蔡芳媛 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 投资组合报告 两会时间窗口与地缘阴霾交织 ——2026 年 3 月三十大标的投资组合报告 2026 年 3 月 3 日 核心观点 分析师 杨超 ：010-8092-7696 ：yangchao_yj@chinastock.com.cn 分析师登记编码：S0130522030004 孔玥 ：kongyue_yj @chinastock.com.cn 分析师登记编码：S0130525100001 蔡芳媛 ：caifangyuan@chinastock.com.cn 分析师登记编码：S0130517110001 相关研究 2025-11-22，变局蕴机遇，聚势盈未来——2026 年 A 股 市场投资展望 2025-11-06，A 股三季报业绩有哪些看点？2025-10-23， 划重点：二十届四中全会公报对 A 股投资的启示 2025-10-07，双节期间事件梳理及市场展望 2025-09-30，前瞻布 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the electric equipment and new energy sectors, including CATL, Keda, and others [6][7]. Core Insights - The electric equipment and new energy sector saw a weekly increase of 0.55%, outperforming the Shanghai Composite Index, with lithium battery indices showing the highest growth at 2.07% [1]. - In February 2026, the overall car market showed signs of fatigue, but some new energy vehicle manufacturers achieved significant year-on-year growth, such as Zeekr with a 70% increase in deliveries [2][15]. - The U.S. plans to invest 86 GW in new utility-scale power generation capacity in 2026, marking the largest annual increase in over two decades, driven primarily by solar and battery storage [3][38]. Summary by Sections New Energy Vehicles - February 2026 saw a general decline in new energy vehicle deliveries due to the dual impact of the Spring Festival holiday and changes in new energy vehicle purchase tax policies, although some brands like Zeekr and NIO reported positive growth [2][15][23]. New Energy Generation - The U.S. is set for a historic increase in utility-scale power generation capacity in 2026, with solar and battery storage accounting for 79% of the planned new projects, including 43.4 GW of solar capacity [3][38][40]. Electric Equipment and Automation - The U.S. has approved a $75 billion transmission expansion project to build 765 kV ultra-high voltage lines, significantly increasing the transmission capacity to meet rising electricity demand [4][56]. - The first batch of equipment bids for the Southern Power Grid in 2026 totaled 800 million yuan, with Shanghai Siyuan High Voltage Switch Co., Ltd. winning the largest share [4][59]. Commercial Aerospace - The government has positioned the aerospace industry as a new pillar industry, emphasizing the accelerated development of satellite internet as part of national strategy [5]. Weekly Sector Performance - The electric equipment and new energy sector's performance was highlighted, with lithium battery indices leading the gains, while the new energy vehicle index experienced the largest decline [1].

Core Insights - Xiaomi is entering the vehicle-mounted photovoltaic market in collaboration with former executive Li Chuangqi's startup, indicating a strategic shift towards renewable energy solutions in the automotive sector [2] - Kimi's subscription user payment orders surged by 80 times, with a remarkable growth of 8280% in January and 123.8% in February, positioning it among the top 10 in Stripe's global payment rankings [6] - OpenAI's robotics department head resigned due to concerns over military negotiations, highlighting ethical dilemmas in AI applications for national security [10] Group 1: Company Developments - Xiaomi's collaboration with Li Chuangqi focuses on vehicle-mounted photovoltaic technology, which is expected to integrate solar energy solutions into automotive engineering, creating a high barrier to entry and significant market potential [2] - Kimi's explosive growth in user subscriptions reflects a strong demand for its AI-driven services, with its revenue surpassing previous records in a short time frame [6] - Tesla's electric truck, Semi, is undergoing winter testing in Alaska, signaling advancements in electric vehicle technology and preparation for large-scale production [8] Group 2: Industry Trends - The rise of AI applications, such as OpenClaw, has prompted government support in Shenzhen, aiming to foster innovation in AI development with zero-cost startup initiatives [18][19] - The global electric vehicle battery installation volume increased by 10.7% in January 2026, with CATL and BYD maintaining their positions as market leaders, while Korean manufacturers faced declines [20] - Sony is facing a collective lawsuit in the UK for allegedly overcharging PlayStation users, which could impact its competitive standing in the gaming market [10]

Investment Rating - The report maintains a "Buy" rating for key companies in the electric equipment and new energy sectors, including Ningde Times, Keda Li, and others [6][7]. Core Insights - The electric equipment and new energy sector saw a weekly increase of 0.55%, outperforming the Shanghai Composite Index, with lithium battery indices showing the highest growth at 2.07% [1]. - In February 2026, the overall car market showed signs of fatigue, but some new energy vehicle manufacturers, such as Zeekr and NIO, reported significant year-on-year growth in deliveries [2][15]. - The U.S. plans to invest 86 GW in new utility-scale power generation capacity in 2026, marking the largest annual increase in over two decades, driven primarily by solar and battery storage [3][38]. - A $75 billion investment in transmission expansion projects in the U.S. aims to build 765 kV ultra-high voltage lines to meet rising electricity demand, with significant contracts awarded to various companies [4][56]. Summary by Sections New Energy Vehicles - February 2026 saw a general decline in new energy vehicle deliveries due to the dual impact of the Spring Festival holiday and changes in new energy vehicle purchase tax policies, although some brands like Zeekr and NIO achieved positive growth [2][15][23]. New Energy Generation - The U.S. is set for a historic increase in utility-scale power generation capacity in 2026, with solar and battery storage accounting for 79% of the planned new projects, including 43.4 GW of solar capacity [3][38][40]. Electric Equipment and Automation - The U.S. has approved $75 billion for transmission expansion projects, focusing on building ultra-high voltage lines to address increasing electricity demand, with significant contracts awarded to companies like Shanghai Siyuan High Voltage Switchgear [4][56][59]. Commercial Aerospace - The government has positioned the aerospace industry as a new pillar industry, emphasizing the accelerated development of satellite internet, indicating a strategic shift in national priorities [5]. Weekly Sector Performance - The electric equipment and new energy sector outperformed the Shanghai Composite Index, with lithium battery indices leading the gains, while new energy vehicle indices experienced declines [1].

【DT新材料】 获悉， 近日， 苏州时代新能科技有限公司 成立，注册资本20亿元，由宁德时代全资持股，经营范围包含：新兴能源技术研发；电池 制造等。 宁德时代在江苏的布局始于2016年。2016年6月，宁德时代持股100%的 江苏时代正式 成立，位于溧阳市昆仑街道城北大道1000号；同年11月，公 司10GWh动力及储能锂离子电池研发与生产项目环评公示。 目前，江苏时代4个厂区的产能建设已初具规模。 其中北厂区已建一期、二期、三期锂离子电池生产项目，产能为年产电芯36GWh、动力电池系统9GWh；南厂 区已建四期锂离子电池生产项目，产能为年产动力及储能锂离子电池30GWh；LY7厂区建设中；CS3厂区产能为15.6GWh/年锂离子电池包。 此次新公司的落地，标志着宁德时代在长三角的产业生态进一步闭环，龙头地位持续加固。这家20亿元注册资本的新平台，有望成为公司在华东市场深化全产业 链生态的新支点。 2025年以来，我国新能源汽车产业链整体延续高景气态势，终端销量快速增长带动动力电池产量大幅扩张，行业供需格局呈现出需求旺盛与供给充裕并存的特 征。与此同时， 全球能源转型持续推进、AI新型数据中心配储需求爆发、海 ...

欧盟《工业加速法案》草案发布，国内氢氨醇战略地位升级 执业证书编号：S0740522020001 Email：zengbiao@zts.com.cn 分析师：吴鹏 执业证书编号：S0740522040004 Email：wupeng@zts.com.cn 分析师：赵宇鹏 执业证书编号：S0740522100005 Email：zhaoyp02@zts.com.cn 分析师：徐梦超 执业证书编号：S0740525020001 Email：xumc@zts.com.cn 分析师：杨子伟 执业证书编号：S0740526010001 Email：yangzw02@zts.com.cn 执业证书编号：S0740524060006 Email：wangxy23@zts.com.cn 执业证书编号：S0740525080002 1、《马斯克宣布干法电极规模化量 | | | | 评级：无评级 | | 重点公司基本状况 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

倒计时33天 2026（第二届）起点锂电圆柱电池技术论坛暨圆柱电池20强排行榜发布会 活动主题： 全极耳技术跃升 大圆柱市场领航 活动时间： 2026年4月10日 活动地址： 深圳宝安维纳斯皇家酒店三楼维纳斯厅（深圳国际会展中心京基百纳店） 主办单位： 起点锂电、起点研究院SPIR 第一批赞助及演讲单位： 鹏辉能源/多氟多新能源/创明新能源/利维能/大族锂电/嘉智信诺/亿鑫丰/孚悦科技 /华普森 宁德时代 200GWh加码宁德总部 2 月 28 日 宁德时代重磅回馈家乡，与 宁德市政府签署零碳 · 科技海湾城市战略合作协议。 本次合作内容主要有两方面：一是 零碳 ，二是 科技 。宁德时代将会在此布局 应用场景、电池研发、全球总部、生产能力、零碳生态等 八个 方面 ，具体还分为 33 项内容， 计算下来 总投资 会超过 600 亿元，规划产能 也将达到 200GWh ， 一旦启动，将给宁德市带来巨大经济效 益。 ATL 已斩获一家头部充电宝品牌大额订单 起点研究院 SPIR 于近日发布 2025 中国 3C 锂电池营收 TOP10 排行榜，对前十的消费电池厂家进行梳理，不出意外宁德时代的"恩师" ATL 高居榜 ...

4. 【比亚迪李云飞谈换电闪充之争：都挺好的，是殊途同归】3月8日消息，比亚迪品牌及公关处总经理 李云飞发布视频，回应了比亚迪闪充和行业换电技术路线之争的问题。有媒体提问称，换电模式和闪充 模式是两种路径，这种情况下， 会不会引发换电和闪充的两种模式之争。对此，李云飞表示，"闪充和 换电，我觉得都挺好的，我们比亚迪这么多技术、产品、品牌，其实就是为了给客户更多的选择。同 样的，对于行业来说，我觉得就需要百花齐放，殊途同归，看起来闪充和换电是不一样的路线，但是 我觉得共同路线都是促进油转电。因为换电其实也是为了解决很多用户觉得充电慢的问题，所以采用 了这样一种方案。比亚迪则是用另外一个方案，所以我觉得是殊途同归。"（快科技） 更多汽车出行资讯…… 1.【陶琳：特斯拉中国超充站突破2500座，充电网络持续开放】3月8日消息，特斯拉公司副总裁陶 琳在微博发文，其中提到了特斯拉中国最新的充电网络建设情况。她表示，特斯拉拥有全球最大的自 建充电网络。截至目前，特斯拉在中国大陆已建2500+座超充站、12000+根超级充电桩，以及 650+目的地充电站，而且已经有很多充电站已向其他品牌车辆开放。（同花顺） 2.【"202 ...

元宵刚过，春回大地，万象更新! 3月4日，上海报业集团旗下财联社、《科创板日报》 "2025中国AI+应用Top50"优秀案例正式揭晓。 这50个扎根千行百业的AI应用实践从300余家申报主体中脱颖而出，全景展现我国人工智能从技术探索迈向规模化落地的丰硕成果，为AI赋 能实体经济提供可复制、可推广的标杆经验。 华为云CLOUDMATRIX AI INFRA智算云服务 蚂蚁集团 蚂蚁阿福 美的集团 顺德灯塔工厂AI视觉检测系统 华为技术有限公司 京东集团 京东JOYINSIDE附身智能平台 中国宝武+华为 宝武钢铁高炉盘古预测大模型 三一直 工程机械液压系统Al故障诊断系统 上海阶跃星辰智能科技有限公司 端到端语音模型AGENTOS智能座舱 北京猿力科技有限公司 飞象老师 上海财跃星辰智能科技有限公司 "Al小财神 PRO"智能体 阿里健康 宁德时代 储能系统Al能量管理系统 儿科AI辅助诊断系统 腾讯科技 (深圳) 有限公司 碳是迹Al核算系统 百度集团 百度智能云客悦：企业级营销AGENT 浦发银行 3D 数字人"小浦" 上海国际港务 港口集装箱Al智能装卸系统 昆仑万维科技股份有限公司 SKYWORK S ...