电力设备行业投资策略周报：新能源车销量激增，风电市场活跃

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The photovoltaic market is experiencing a significant drop in POE resin prices, while silicon material prices have slightly increased and stabilized. Component prices have seen a minor decline. Guangdong BenShu Energy Technology Company has achieved a new record in all-perovskite tandem cell efficiency, and China Power Construction Corporation has initiated a tender for 1.5GW N-type heterojunction components, promoting technological advancement and market expansion [3][12] - In the lithium battery sector, wholesale sales of new energy passenger vehicles reached 1.052 million units in August, marking a year-on-year increase of 31.70% and a month-on-month increase of 11.40%. Cumulatively, 6.622 million units were sold in the first eight months of 2024, reflecting a 30.20% year-on-year growth [3][13] - The wind power industry is advancing with the initiation of a 2000MW offshore wind power project by China Power Construction Corporation and the progress of a 900MW offshore wind project in Zhejiang [3][30] - In the power equipment sector, Changzhou Xidian Transformer Co., Ltd. won a bid for a transformer order worth 834 million yuan in Brazil, indicating the potential for domestic power equipment companies to expand their market share overseas [3][31] - The hydrogen energy segment shows high growth potential, with large-scale green hydrogen projects emerging domestically and internationally. The report suggests closely monitoring the upstream hydrogen production segment and the bidding and order fulfillment of core equipment such as electrolyzers [3][24] - In the robotics field, advancements include the launch of new humanoid robots and a forecasted compound annual growth rate of 35.2% for the collaborative robot market from 2024 to 2030 [3][24] Summary by Sections Photovoltaics - POE resin prices decreased to 10,988 yuan/ton, while silicon material prices slightly increased. Component prices have shown a minor decline, with the average price of domestic silicon material at 39.50 yuan/kg [10][12] - Guangdong BenShu Energy Technology Company achieved a record efficiency of 30.41% for all-perovskite tandem solar cells [12] - China Power Construction Corporation has launched a tender for 1.5GW of N-type heterojunction components [12] Lithium Batteries - The average spot price of battery-grade lithium carbonate is 72,600 yuan/ton, with a week-on-week decline of 2.68%. The production of lithium carbonate has slightly decreased, and downstream market procurement remains cautious [13][21] - The price of square ternary power cells is 0.45 yuan/Wh, reflecting a decrease of 1.11% [22][23] Wind Power - New wind turbine tender projects include a 150MW project in Tianjin and a 100MW project in Hunan, among others [26][27] - Cumulative wind power tendering in 2024 reached 144.68GW, with 138.71GW from onshore projects [28] Power Equipment - The total tender volume for transformers in 2023 reached 370,674 MVA, a year-on-year increase of 33.20% [31][33] - In the first seven months of 2023, the investment in power generation projects was 415.8 billion yuan, a year-on-year increase of 3.60% [37] Hydrogen Energy - The report highlights the growth potential in the green hydrogen sector, with significant projects being developed [3][24] Robotics - The North American robotics market is projected to see a decline in sales by 8% in the first half of 2024, while the collaborative robot market is expected to grow at a compound annual growth rate of 35.2% from 2024 to 2030 [3][24]