电新周报：山东高速公开采购2000辆低空飞行器，宁德增混电池发布电力设备与新能源

Investment Rating - The industry investment rating is "Positive" [1] Core Views - The report highlights that the landscape for electric vehicle batteries is expected to improve, with profitability in the sector likely to recover. Factors contributing to this include a potential turning point in the oversupply of lithium batteries, a decrease in lithium carbonate prices, and advancements in fast-charging technology [1][2] - The report emphasizes the importance of the charging station industry and related companies, as well as the ongoing improvements in electric vehicle range anxiety and the upcoming mass production of new technologies [1] - In the power equipment and energy storage sector, the report anticipates a significant increase in grid investment, with the State Grid expected to exceed 500 billion yuan in construction investment in 2024, indicating a favorable demand outlook for domestic power equipment [1][2] - The report also notes that energy storage is expected to maintain high growth in 2024, driven by increasing demand for large-scale storage and commercial storage solutions [1][2] Summary by Sections New Energy Vehicles - The report indicates that in September 2024, sales of new energy vehicles reached 1.287 million units, a year-on-year increase of 42.4% and a month-on-month increase of 17% [7] - The report mentions that the production of new energy vehicles in September 2024 was 1.307 million units, reflecting a year-on-year increase of 48.7% [7] - The report highlights a significant increase in the production and sales of plug-in hybrid vehicles, with production in September 2024 reaching 522,000 units, up 80% year-on-year [7] Power Equipment and Energy Storage - The report forecasts that energy storage will play a crucial role in the power system, with large-scale storage expected to maintain high growth rates in 2024. The newly added installed capacity for large-scale storage in 2023 was approximately 22.6 million kilowatts, a growth of over 260% compared to the end of 2022 [1][2] - The report suggests that commercial energy storage development is likely to accelerate in 2024, driven by the construction of virtual power plants and improved recognition of commercial storage solutions [1][2] Photovoltaics - The report notes that the demand for photovoltaics in Europe remains strong, with domestic ground station demand also robust. The report anticipates that the decline in costs will further stimulate global photovoltaic market demand [1][2] - The report highlights the ongoing mass production of new technologies such as TOPCON and the acceleration of the industrialization process for ABC and HJT technologies [1][2] Wind Power - The report indicates that the bidding for offshore wind turbine units remains robust, with expectations for accelerated construction post-2024. The newly added installed capacity for wind power in the first nine months of 2024 was 39.12 GW, a year-on-year increase of 16.8% [13][14] - The report emphasizes the strong potential for offshore wind power installations, with significant projects planned across various provinces [1][2]