江苏新一轮海风竞配落地，宁德时代举行巧克力换电发布会

Investment Rating - The report maintains a "Buy" rating for companies such as Xiexin Technology, Tiens Wind Power, and Ningde Times, while recommending "Hold" for Foster [4][60]. Core Insights - The silicon wafer inventory has bottomed out, leading to a slight price rebound, with N-type G10L single crystal silicon wafer prices rising to 1.05 yuan per piece, an increase of 1.94% [2][69]. - The offshore wind power sector is expected to see significant developments, with Jiangsu province announcing a competitive allocation for 7.65GW of offshore wind projects [2][70]. - The hydrogen energy sector is advancing with a new integrated wind-solar-hydrogen project in Inner Mongolia, with a total investment of 3.7 billion yuan [2][72]. - The energy storage system bidding prices range from 0.41 to 1.215 yuan per Wh, indicating a competitive market [2][73]. Summary by Sections 1. New Energy Generation - The report highlights that the supply-side improvements in the photovoltaic sector are most pronounced, recommending companies like Xiexin Technology, Tongwei Co., and Foster [2][12]. - The offshore wind power segment is seeing significant project launches, with a focus on companies that can benefit from domestic and international demand [2][14]. 2. Hydrogen and Energy Storage - The Inner Mongolia project aims to produce 450,000 tons of green ammonia annually, leveraging local wind and solar resources [2][72]. - The energy storage market is characterized by a high degree of certainty in growth, with recommendations for companies like Sunshine Power and Shangneng Electric [2][19]. 3. New Energy Vehicles - Ningde Times is actively supporting its suppliers to enhance battery material and equipment innovation, showcasing its strategic vision in a competitive market [2][20]. - The company plans to establish 1,000 battery swap stations by 2025, with a long-term goal of expanding to 30,000 stations [2][76].