电力设备及新能源行业周报：电力设备及新能源三星SDI与通用合资建厂，光伏电池片价格分化明显【第34期】

Investment Rating - The report maintains an investment rating of "Outperform" for the electric equipment and new energy sector [1]. Core Views - The report highlights significant growth in the domestic market for 800V high-voltage electric vehicles, with 46 models currently available and a total sales volume of approximately 390,000 units from January to July, representing a year-on-year increase of 217% [11]. - The report notes that the lithium battery industry is expected to gradually improve production scheduling, and with valuations at historical lows, there is potential for valuation recovery [13][14]. - The report emphasizes the importance of the new energy power generation sector, particularly in photovoltaic and wind energy, with stable pricing trends observed in silicon materials and significant investments in grid infrastructure [15][19]. Summary by Sections New Energy Vehicles - As of now, there are 46 models of 800V high-voltage vehicles on the market, with sales from January to July reaching approximately 390,000 units, a 217% increase year-on-year, accounting for 7.9% of total new energy vehicle sales [11]. - CATL's Kirin battery has entered large-scale production, and the Nezha S model featuring this battery has begun pre-sales [11]. - Hunan Youneng reported a revenue of 10.782 billion yuan for H1 2024, a decrease of 53.48% year-on-year, with net profit down 68.57% [11]. New Energy Power Generation - In the photovoltaic sector, the price of domestic dense block silicon remains stable at 37-42 yuan per kilogram, with an average of 39.5 yuan [15]. - The report indicates that the price of P-type silicon wafers is stable, while N-type wafers have experienced some fluctuations [16]. - The wind power sector saw an increase in installed capacity of 29.91 million kilowatts from January to July, a year-on-year increase of 3.6 million kilowatts [17]. Energy Storage and Power Equipment - From January to July, major power generation companies completed investments of 415.8 billion yuan in power source projects, a year-on-year increase of 2.6%, while grid projects saw investments of 294.7 billion yuan, up 19.2% [19]. - The State Grid Corporation's total investment in the grid is expected to exceed 600 billion yuan in 2024, with a focus on high-voltage direct current projects and digital upgrades [19]. - The report suggests a continued focus on high-voltage, smart grid technologies, and the potential for significant investment opportunities in the sector [19].