Xin Lang Cai Jing·2025-10-12 23:29Core Viewpoint - The report from CITIC Construction Investment emphasizes a strong recommendation for the energy storage sector, highlighting the favorable fundamentals of the lithium battery industry and multiple catalysts at the current moment [1] Summary by Relevant Categories Energy Storage Sector - The economic viability of energy storage in China is reaching a turning point, driven by the comprehensive entry of renewable energy into the market, which is widening the price gap between peak and valley electricity [1] - The introduction of capacity pricing policies is enhancing the Internal Rate of Return (IRR) for energy storage [1] - From January to September, domestic bidding in the energy storage sector has increased by 88% year-on-year [1] Lithium Battery Industry - The current environment presents multiple catalysts for the lithium battery industry, with a peak production season leading to a supply-demand imbalance for materials and energy storage batteries, resulting in continuous price increases [1] - Demand for lithium batteries is expected to become increasingly clear by 2026, with significant growth observed in Q3 both sequentially and year-on-year [1] - The report expresses optimism regarding materials, particularly 6F, iron-lithium, and battery segments [1] International Market Dynamics - The activation of the MACSE mechanism in Italy and the significant power shortage in data centers in the United States are contributing to the continued relevance of solar plus storage as a rapidly scalable energy solution [1] - It is anticipated that overseas production capacity will be able to circumvent some tariffs [1]