Xin Lang Cai Jing·2026-01-20 04:45Core Viewpoint - The report indicates that China's electric vehicle battery installation capacity is expected to see significant growth this year, driven by strong electric vehicle sales and increasing demand for energy storage systems [1] Industry Summary - In December, China's electric vehicle production increased by 12.3% year-on-year, reaching 1.72 million units, while the battery installation capacity grew by 30% [1] - The demand for energy storage systems is anticipated to become a major growth driver for batteries this year [1] - A policy adjustment regarding export VAT refunds, effective April 1, may lead to increased shipping demand, further boosting total shipments for the year [1] - The industry maintains a positive outlook, reaffirming a buy rating for Contemporary Amperex Technology Co., Ltd. (CATL) [1]