CATL(SZ:300750) Zhong Guo Neng Yuan Wang·2025-08-18 09:40Group 1: Market Performance - The electric equipment and new energy sector increased by 5.84% this week, ranking 4th in terms of performance, outperforming the Shanghai Composite Index [1][2] - The industrial control automation index saw the highest increase at 7.43%, while the nuclear power index experienced the largest decline at 1.52% [1][2] Group 2: New Energy Vehicles - In the first half of 2025, global power battery installation volume reached 504.4 GWh, a year-on-year increase of 37.3% [2] - CATL led the market with an absolute advantage, achieving 190.9 GWh, followed by BYD with 89.9 GWh and LG Energy with 47.2 GWh [2] - Honeycomb Energy showed remarkable growth, with a year-on-year increase of 208%, reaching an installation volume of 12.9 GWh, making it the fastest-growing company among the top 10 [2] Group 3: New Energy Generation - In the first half of 2025, the top 10 global module manufacturers had a total shipment of approximately 247.9 GW, reflecting a year-on-year increase of 10% [3] - The shipment focus remains on the domestic market, with China accounting for about 58% of shipments [3] - TOPCon modules have become the main product among the top suppliers, while BC and HJT technologies did not feature in the top ten due to certain manufacturers not being included [3] Group 4: Electric Equipment and Industrial Control - The State Grid Corporation of China announced the 2025 fifth batch of procurement, which includes 425 bidding packages and a total of 20.66 million items, with 17.46 million being electric meters [4] - The demand for electric meters increased by 12% year-on-year but decreased by 45% compared to the previous period [4] Group 5: Companies to Watch - Key companies to monitor include CATL, Keda Li, Daikin Heavy Industries, Haili Wind Power, Deye Shares, Liangxin Shares, Shenghong Shares, Xiamen Tungsten New Energy, Xuch Electric, and Mingyang Electric [5]