CATL(SZ:300750) Zhong Guo Zheng Quan Bao·2025-09-17 20:29Core Insights - The 2025 World Energy Storage Conference emphasizes the importance of energy storage in the context of China's dual carbon strategy, highlighting the country's position as the largest energy storage market globally [1][2] Industry Development - The energy storage industry is becoming a core engine for constructing a new power system, driven by the need to address the intermittency of renewable energy sources like wind and solar [1][2] - China's installed capacity for photovoltaic and wind power has surpassed that of coal power, but issues like curtailment of wind and solar energy remain significant challenges [1] - The development of new energy storage technologies is crucial for ensuring the safe operation of the new power system, requiring various storage technologies for different durations [1] Technological Innovation - Companies are focusing on technological innovation to capture market opportunities, with significant revenue growth reported in the energy storage sector [3] - For instance, EVE Energy's energy storage battery business achieved a revenue of 10.298 billion yuan, a year-on-year increase of 32.47%, while Sungrow's energy storage system business reported 17.803 billion yuan, a 127.78% increase [3] - Midea Group's subsidiary, Kelu Electronics, has developed a comprehensive self-research capability in energy storage system control core units, enhancing its service capabilities [3] Market Outlook - Investment institutions are optimistic about the energy storage sector, noting the clarity of domestic business models and the unexpected demand in emerging markets [7] - Analysts suggest that the combination of improved fundamentals, new technological catalysts, and relatively reasonable valuations indicates a long-term investment value in the lithium battery sector, particularly in energy storage and solid-state batteries [7] - The overall trend for the energy storage industry is positive, with expectations for stable growth in global energy storage installations driven by resilient domestic demand and expanding overseas markets [7]