CICC(SH:601995) Zheng Quan Shi Bao Wang·2025-11-25 23:57Core Viewpoint - The report from China International Capital Corporation (CICC) indicates a trend reversal in the lithium battery industry starting from 2025, driven by stabilization in the supply chain prices and improvements in supply-demand structure. The year 2026 is expected to mark the beginning of a new upward cycle in lithium batteries, with energy storage emerging as a key driver [1]. Group 1: Investment Strategy - Main Line 1: The demand for energy storage is anticipated to exceed expectations, accelerating the reversal trend in the sector. Key recommendations include lithium battery materials (6F, VC, iron lithium cathodes), batteries, and related components [1]. - Main Line 2: New technologies are viewed as a high-growth investment direction within the lithium battery sector, with solid-state batteries and sodium batteries expected to achieve significant breakthroughs in industrialization by 2026 [1]. - Main Line 3: With increased policy support, the construction of charging stations is expected to recover, potentially leading to the establishment of new scenarios and trends that could result in a revaluation of the industry [1].