锂电产业链旺季来临，固态电池催化不断

Market Performance - The electric equipment and new energy sector rose by 3.86% this week, with power generation equipment increasing by 10.50%, wind power by 7.40%, solar power by 5.62%, and lithium battery index by 3.47%. However, nuclear power and new energy vehicle indices fell by 0.32% and 0.37% respectively, while industrial automation decreased by 0.50% [1][3]. New Energy Vehicles - The Ministry of Industry and Information Technology plans to optimize tax incentives for new energy vehicles, which is expected to boost domestic sales significantly by 2025 due to new model releases and the upcoming sales peak [2]. - The European Automobile Manufacturers Association reported a 5.3% increase in new car registrations in the EU in August, reaching 677,786 units [4]. Power Battery - There is strong demand for lithium battery inventory, with a projected production increase of up to 5% in October. The global battery production is expected to reach 2,150 GWh this year [4]. - The first solid-state battery production line from Liyuanheng has begun delivery, with ongoing equipment debugging and process validation [4]. - China's lithium-ion battery exports reached 3 billion units from January to August, marking an 18.66% year-on-year increase, while export value rose by 25.79% to $48.296 billion [4]. Solar and Wind Power - China aims to achieve a total installed capacity of wind and solar power that is six times the 2020 level by 2035, targeting 3.6 billion kilowatts [4]. - In the first eight months of this year, China added 230.61 GW of solar power capacity, a 65% year-on-year increase, although August saw a 55.3% year-on-year decline in new installations [5]. Hydrogen Energy - The National Energy Administration emphasizes expanding non-electric uses of hydrogen, with projects in green hydrogen production and integrated development of green fuels [5]. - Companies like Goldwind Technology and China Shipbuilding Technology have announced investments in integrated hydrogen and ammonia projects, indicating a growing focus on green hydrogen and fuel production [2][5]. Company Highlights - Huaguang Huaneng signed a $1.6 billion contract for an overseas gas turbine combined cycle power plant project [5]. - Shengxin Lithium Energy plans to acquire a 21% stake in Qicheng Mining for $14.56 billion [5]. - Yijing Photovoltaic has changed to having no controlling shareholder or actual controller [5]. - Tianci Materials has signed a supply agreement for at least 800,000 tons of electrolyte with Ruipulan Jun and submitted a prospectus to the Hong Kong Stock Exchange [5].