电力设备及新能源行业周报：产业周跟踪，阳光中标欧洲最大储能项目，风电光伏产业链价格企稳回升

Investment Rating - The report maintains a positive investment rating for the power equipment and new energy industry, highlighting strong performance in the wind power sector and ongoing opportunities in energy storage projects [2][3]. Core Insights - The electric vehicle market remains robust, with a significant increase in sales driven by trade-in policies, while lithium mining capacity is entering a clearing cycle [3][15]. - The photovoltaic sector is seeing price stabilization and recovery, supported by new regulations from the Ministry of Industry and Information Technology that tighten production capacity requirements [20][21]. - The wind power sector is experiencing a price rebound for onshore wind turbines, with a notable procurement project from State Power Investment Corporation [31][32]. - The energy storage segment is witnessing increased competition, with major players like Sungrow Power securing significant overseas contracts [37][38]. Summary by Sections 1. New Energy Vehicles and Lithium Battery Sector - The electric vehicle market's retail sales reached 2.261 million units in October, a year-on-year increase of 11.3% and a month-on-month increase of 7.2% [15]. - New energy vehicle sales were 1.196 million units, up 56.7% year-on-year and 6.4% month-on-month, with a penetration rate rising to 53.0% [15][16]. 2. New Energy Generation Sector 2.1 Photovoltaic Sector - The Ministry of Industry and Information Technology released new manufacturing standards that impose stricter energy consumption requirements for new and expanded production capacities [20][21]. - The minimum component cost increased to 0.690 yuan/W in November, indicating a clear policy direction to stabilize and uplift prices [22]. 2.2 Wind Power Sector - The State Power Investment Corporation's procurement project for 7.2GW of onshore wind turbines indicates a recovery in turbine prices, with average bids around 1550 yuan/kW [31][32]. 3. Energy Storage Sector - Sungrow Power signed a 4.4GWh energy storage agreement in the UK, marking a significant expansion in overseas markets [37][38]. - The global energy storage cell shipments reached 202.3GWh in the first three quarters of 2024, a year-on-year increase of 42.8% [39]. 4. Power Equipment and Industrial Control Sector - In October, the total investment in power grid projects was 52 billion yuan, a year-on-year increase of 17.12% but a month-on-month decrease of 20.25% [47]. - The Southern Power Grid's second batch of framework bidding projects totaled 6.825 billion yuan [48]. 5. Hydrogen Energy Sector - The government continues to support hydrogen vehicle initiatives, with new projects approved and significant orders for electrolysis systems secured by Sungrow Hydrogen [63][65]. - The fiscal budget for hydrogen vehicle demonstration applications is approximately 1.625 billion yuan, indicating strong government backing for the sector [63].