新能源汽车产业链行业周报：全球首次eVTOL固态电池飞行测试完成，诺德股份攻克3微米锂电铜箔

Investment Rating - The industry investment rating is "Positive (Maintain)" [1] Core Viewpoints - The terminal sales performance is impressive, with demand growth maintaining a positive trend. In the first nine months of 2024, China's new energy vehicle sales reached 8.32 million units, a year-on-year increase of 33%, and the installed capacity of power batteries was 346.6 GWh, up 36% year-on-year. The terminal demand continues to grow, and the penetration rate is consistently breaking through [11][23] - The third-quarter report summary indicates a stable and slightly upward trend in overall profitability. Both upstream lithium resources and downstream batteries have shown significant recovery. However, midstream materials such as ternary and lithium iron phosphate cathodes and electrolytes are still affected by the impairment of lithium carbonate, with ternary materials facing a larger negative impact [11][23] - The upward trend in profitability remains unchanged, highlighting the configuration value. Since early 2022, the lithium battery sector has experienced continuous performance declines, but since the first quarter of 2024, it has entered a recovery phase. Observations indicate that the upstream resource prices have bottomed out, and industry consolidation and improvements in processing fees and product structure are expected to support a sustained improvement in profitability [11][24] Summary by Sections Industry News - EHang has partnered with Xinjie Energy to achieve the world's first eVTOL solid-state battery flight test, marking a significant technological breakthrough for urban air mobility [27] - Nord shares have developed a 3-micron ultra-thin lithium battery copper foil, which enhances energy density while reducing the amount of copper foil required per GWh [29] Price Tracking of Lithium Battery Products - Cobalt products: Electrolytic cobalt (178,500 CNY/ton, +0.56%); Cobalt tetroxide (116,000 CNY/ton, -0.09%); Cobalt sulfate (27,000 CNY/ton, +0.18%) - Lithium products: Lithium carbonate (79,000 CNY/ton, +4.77%); Lithium hydroxide (67,000 CNY/ton, +0.45%) - Nickel products: Electrolytic nickel (126,000 CNY/ton, -3.79%); Nickel sulfate (32,000 CNY/ton, 0.00%) [10][51]