Zheng Quan Shi Bao Wang·2025-10-13 00:02Core Viewpoint - The report from CITIC Securities emphasizes a strong recommendation for the energy storage sector, highlighting the favorable fundamentals of the lithium battery industry and the current catalysts driving growth [1] Summary by Relevant Sections Energy Storage Sector - The domestic energy storage economics are reaching a turning point, driven by the full market entry of renewable energy, which is widening the peak-valley electricity price difference [1] - The introduction of capacity electricity pricing policies is enhancing the internal rate of return (IRR) for energy storage [1] - From January to September, domestic bidding has increased by 88% year-on-year [1] Overseas Market Dynamics - The initiation of the MACSE mechanism in Italy and significant power shortages in U.S. data centers are creating a favorable environment for solar plus storage solutions, which remain an irreplaceable and rapidly scaling energy form [1] - Overseas production capacity is expected to avoid some tariffs, further supporting market growth [1] Lithium Battery Industry - The current period is characterized by multiple catalysts for the lithium battery sector, with a peak production season leading to increased demand for materials and energy storage batteries, resulting in rising prices [1] - Demand clarity is expected to improve by 2026, with significant growth observed in the third quarter both sequentially and year-on-year [1] - The report continues to favor opportunities in materials, particularly in 6F, iron lithium, and battery segments [1]