电新周报：华为公布固态电池专利，宁德增加固态电池投入电力设备与新能源

Investment Rating - The industry investment rating is "Positive" [1] Core Views - The landscape of the electric vehicle battery sector is expected to improve, with profitability likely to recover. Factors include a potential turning point in the oversupply of lithium batteries, decreasing lithium carbonate prices, and advancements in fast charging technology [1][2] - The power equipment sector is anticipated to experience significant investment growth, with the State Grid expected to exceed 500 billion yuan in investment for 2024. This growth is driven by increasing electricity demand from emerging industries and the need for grid upgrades due to the rapid development of renewable energy [1][2] - The energy storage market is projected to maintain high growth, with large-scale storage installations expected to continue increasing. In 2023, the newly installed capacity reached approximately 22.6 million kilowatts, a growth of over 260% compared to the end of 2022 [1][2] Summary by Sections New Energy Vehicles - The price of lithium hexafluorophosphate has increased, while the prices of battery-grade cobalt sulfate, nickel sulfate, and manganese sulfate have decreased. The price of battery-grade lithium carbonate has risen by 3.7% [4][5] - In October 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% [6][7] Power Equipment and Energy Storage - The power equipment sector is expected to benefit from a significant investment cycle, with a favorable demand outlook for domestic and international markets. The demand for power equipment is expected to rise due to increased electricity consumption from AI and other emerging industries [1][2] - The energy storage sector is projected to see continued high growth, with large-scale storage installations expected to maintain a rapid growth trajectory. The commercial storage market is also anticipated to accelerate in 2024 [1][2] Photovoltaics - The photovoltaic industry is experiencing high demand in Europe, with inventory pressures expected to ease. The cost reductions in the supply chain are likely to stimulate global market demand [1][2] - The prices of silicon wafers and solar cells have decreased, with the price of monocrystalline silicon wafers dropping by 4.2% [8][9] Wind Power - The wind power sector is expected to see accelerated construction post-2024, with significant potential for offshore wind projects. The newly installed capacity for wind power in the first nine months of 2024 reached 39.12 GW, a year-on-year increase of 16.8% [11][12]