CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-11-12 04:39Group 1 - The current supply of power batteries in China is tightening, with high capacity utilization rates, leading to competition among automakers to secure battery supplies [1][3] - The increase in orders is driven by a combination of factors, including the traditional sales peak in Q4 and the impending reduction of purchase tax incentives, prompting automakers to stockpile batteries [3][4] - From January to October, China's new energy vehicle production and sales reached 13.015 million and 12.943 million units, respectively, marking a year-on-year growth of over 30% [3] Group 2 - The demand for lithium batteries in the energy storage market is surging, contributing to the tightening of power battery supplies, as many production lines are being redirected to meet storage needs [5][7] - In Q3, China's energy storage lithium battery shipments reached 165 GWh, a year-on-year increase of 65%, with total shipments expected to reach 580 GWh for the year, up 67% [7] - The current high demand for energy storage is expected to continue, with global installation growth projected at 40% to 50% next year [8]