电新周报：英伟达入局人形机器人，低空运输有望加速电力设备与新能源

Investment Rating - The report maintains a positive investment rating for the electric power equipment and new energy sector, indicating a favorable outlook for the industry [3]. Core Insights - The report highlights that the landscape for power batteries is expected to improve, with profitability in the sector likely to recover due to a potential turning point in the oversupply of lithium batteries and a decrease in lithium carbonate prices, which may stimulate downstream demand [3][4]. - The report emphasizes the importance of the electric grid investment in 2024, predicting that the total investment scale for grid construction by the State Grid will exceed 500 billion yuan, indicating a positive demand outlook for domestic power equipment [3][4]. - The report also notes that the energy storage sector is expected to maintain high growth momentum in 2024, with significant increases in installed capacity and demand for large-scale energy storage [3][4]. Summary by Sections New Energy Vehicles - The report indicates a significant increase in new energy vehicle sales, with October 2024 sales reaching 1.43 million units, a year-on-year increase of 49.6% and a month-on-month increase of 11% [10][15]. - The report mentions that the installed capacity of power batteries in October 2024 was 59.2 GWh, reflecting a year-on-year increase of 51% and a month-on-month increase of 8.6% [13]. Electric Power Equipment and Energy Storage - The report forecasts that 2024 will be a significant year for grid investment, with a favorable outlook for the electric power equipment sector due to increasing demand driven by AI and the rapid development of new energy sources [3][4]. - The report highlights that the large-scale energy storage market is expected to see continued high growth, with an estimated new installed capacity of approximately 22.6 million kilowatts in 2023, representing a growth of over 260% compared to the end of 2022 [3][4]. Photovoltaics - The report notes that European demand for photovoltaics remains strong, with domestic ground station demand also robust, and new technology developments expected to inject new momentum into the industry [3][4]. Wind Power - The report indicates that the bidding environment for offshore wind turbines remains favorable, with significant potential for installation growth in 2024 and beyond, as various provincial projects are set to be launched [3][4][20].