电力设备及新能源行业周报：产业周跟踪，风光储电动车旺季有望超预期，PMI重回景气扩张区间

Investment Rating - The report maintains an "Outperform" rating for the power equipment and new energy industry [3] Core Views - The electric transportation sector shows strong performance with lithium battery deliveries exceeding expectations during the peak season, and production is expected to continue increasing in November [3][10] - The photovoltaic sector has seen a significant increase in installed capacity, with 160.88 GW added in the first three quarters of 2024, and major component manufacturers have collectively raised prices [4][17] - The wind power sector is experiencing high demand, with new offshore wind projects being initiated and significant sales contracts signed for wind turbine equipment [25][27] - The energy storage sector has seen a cumulative installation of 61 GWh in the first three quarters, with improvements in safety performance for new grid-connected entities [5][32] Summary by Sections 1. Electric Vehicles and Lithium Battery Sector - October saw impressive electric vehicle deliveries, with notable increases from various manufacturers, including XPeng and BYD [10][11] - November production is expected to rise, with significant increases in lithium battery production across various categories [11][12] - Upcoming low-altitude economic events are anticipated to catalyze further industry growth [12] 2. Photovoltaic Sector - The first three quarters of 2024 saw 160.88 GW of new photovoltaic installations, with a year-on-year increase of 22% for centralized installations [17][18] - Major component manufacturers have raised prices, indicating a potential recovery in profitability after a period of price competition [19][21] - The market is expected to stabilize as new regulations promote healthy development in distributed photovoltaic projects [18] 3. Wind Power Sector - Shanghai has initiated a major offshore wind power project, aiming for significant capacity additions [25][26] - The China Shipbuilding Group has begun bidding for a large offshore wind project, indicating ongoing investment in the sector [26] - SANY Heavy Industry has secured substantial overseas wind turbine contracts, reflecting strong international demand [27] 4. Energy Storage Sector - A total of 61 GWh of new energy storage capacity was installed in the first three quarters, with significant contributions from Jiangsu, Zhejiang, and Xinjiang [32][33] - The National Energy Administration has emphasized improving safety standards for new grid-connected entities [34] - The energy storage sector is expected to benefit from increasing demand in both domestic and international markets [37] 5. Power Equipment and Industrial Control Sector - The State Grid's fifth batch of ultra-high voltage projects has achieved a total bid amount of 8.738 billion yuan [41][42] - The Southern Power Grid has announced a second batch of metering product bids totaling 4.471 billion yuan [44] - The manufacturing PMI has returned to an expansionary phase, indicating positive trends in the industrial sector [47]