电池及储能行业周报：电车销量优异，储能价格年内波动较大

Investment Rating - The report does not explicitly state an investment rating for the industry, but it highlights key companies to watch, indicating a positive outlook for certain players in the battery and energy storage sectors [5][7]. Core Insights - The battery sector is experiencing a favorable market environment with significant growth in electric vehicle sales, projecting a 20%+ year-on-year increase in new energy vehicle sales for 2025, reaching 15 million units [4][16]. - The energy storage market is expected to remain robust, with a total of 59.24 GW/191.26 GWh of energy storage procurement completed in 2024, primarily driven by lithium iron phosphate technology [6][20]. Summary by Sections 1. Investment Highlights - Battery Sector: - December saw retail sales of new energy passenger vehicles reach 1.302 million units, a year-on-year increase of 37.5% and a month-on-month increase of 2.6% [4][16]. - The supply side is adjusting orderly, with stable prices for lithium salts and other materials, although some materials are still experiencing price fluctuations [17][18]. - Energy Storage Sector: - Nine new bidding projects and ten winning projects were reported, with a total scale of 3.14 GW/34.79 GWh for energy storage projects [6][19]. - The average price for a 2-hour energy storage system is projected to be 0.628 yuan/Wh, a 43% decrease from 2023 [20][48]. 2. Market Review - The battery sector overall declined by 2.27% in the week of January 6-12, underperforming the CSI 300 index by 1.14 percentage points [25][26]. - Major inflows were seen in companies like CATL and Hezhong Electric, while outflows were noted in companies such as Xiongtao and Sunshine Power [27][28]. 3. Industry Data Tracking - Lithium Battery Supply Chain: - Prices for industrial-grade lithium carbonate and battery-grade lithium carbonate were reported at 72,100 yuan/ton and 76,200 yuan/ton respectively, with slight weekly declines [29][30]. - The average price for lithium iron phosphate was reported at 33,700 yuan/ton, reflecting ongoing market adjustments [29][30]. - Energy Storage Projects: - The average winning bid for energy storage EPC projects was approximately 1.46 yuan/Wh, indicating a 9.8% decrease from previous bids [48][54].