85亿资金涌入锂电，机构提示2026年关注这些细分赛道丨每日研选

Core Viewpoint - The lithium battery sector is experiencing significant capital inflow and is driven by dual demand from the power and energy storage markets, with expectations for substantial growth in both areas by 2026 [1][2]. Group 1: Demand Side - The global sales of new energy vehicles (NEVs) are projected to reach approximately 26 million units in 2026, representing a year-on-year growth of about 15%, which will continue to drive the demand for power batteries [1]. - The China Association of Automobile Manufacturers reported that NEV sales in China are expected to reach 16.49 million units by 2025, maintaining the country's position as the world's largest market for 11 consecutive years [1]. Group 2: Supply Side - The supply side of lithium battery materials is undergoing significant changes, with previous capacity expansions leading to low-price competition and a subsequent reduction in the willingness and ability of many companies to expand production [2]. - The industry is experiencing a consolidation of orders towards leading manufacturers due to technological advancements, such as high-voltage lithium iron phosphate and ultra-thin copper foil, which are raising industry barriers [2]. Group 3: Technological Advancements - The evolution of next-generation battery technologies, particularly solid-state batteries, is expected to create new opportunities in the lithium battery industry, with a critical window for vehicle-grade validation and small-scale production anticipated between 2026 and 2027 [2]. Group 4: Investment Opportunities - Companies with a strong market position benefiting from the dual growth in power and energy storage demand, such as CATL and EVE Energy, are recommended for investment [3]. - Attention is drawn to the materials sector, particularly those with price recovery and improved industry concentration, including lithium hexafluorophosphate and lithium iron phosphate [3]. - Equipment manufacturers and core material suppliers that are likely to benefit from the acceleration of solid-state battery processes, such as Naconor and LITONG Technology, are also highlighted [3]. - Companies involved in energy storage expansion, particularly those with comprehensive line capabilities or core technologies, such as Lead Intelligent and HANGKE Technology, are recommended for investment [3].