EVE(SZ:300014) Zheng Quan Shi Bao Wang·2025-11-17 01:45Core Insights - As of September 2025, China's new energy storage installed capacity is expected to exceed 100 million kilowatts, representing a growth of over 30 times compared to the end of the 13th Five-Year Plan, and accounting for over 40% of the global total installed capacity, making it the world's largest [1] Industry Overview - The demand for energy storage in China continues to rise, with companies experiencing order backlogs extending into next year, and some firms operating at full capacity [1] - According to Everbright Securities, the increasing penetration of global renewable energy highlights the core value of energy storage as a "stabilizer" and "regulator" of the power system, leading to rapid market demand growth [1] Market Data - From January to September 2025, global energy storage battery shipments reached 428 GWh, marking a year-on-year increase of 90.7% [1] - Domestic demand for energy storage cells is robust, with leading companies like Hichain Energy and EVE Energy scheduling orders into 2026, resulting in some orders being redirected to mid-tier companies [1] Lithium Battery Sector - The rapid growth of the energy storage industry is driving a significant increase in lithium battery demand, with a reported 1.5% month-on-month growth in battery production among sampled companies in November [1] - Recent strong downstream demand has led to price increases in upstream materials such as lithium hexafluorophosphate, electrolytes, and separators, suggesting a focus on leading companies in the lithium battery materials sector [1]