电力设备与新能源行业周观察：固态电池产业化加速，AI电气及机器人发展向好

Investment Rating - The industry rating is "Recommended" [6] Core Insights - The solid-state battery industry is accelerating its industrialization, with multiple companies making progress in performance enhancement and mass production, which is expected to benefit manufacturers that are early in the solid-state battery supply chain [2][13] - The photovoltaic industry chain is experiencing a price recovery, with expectations of improved demand as the installation peak season approaches in the second quarter, leading to a new upward cycle in the industry [3][20] - Wind power is entering a high prosperity phase with significant construction and grid connection opportunities, particularly in offshore projects in coastal provinces [4][22] Summary by Sections 1. New Energy Vehicles - The solid-state battery industrialization is progressing, with solid electrolytes compatible with high-capacity anode and cathode materials, benefiting early movers in the supply chain [2][13] - The introduction of new models and technologies, such as fast charging and solid-state batteries, is expected to enhance the competitiveness of new energy vehicles [14][16] - The lithium battery sector is anticipated to see demand growth driven by policies encouraging vehicle replacements and the introduction of high-quality models [14][17] 2. New Energy - The photovoltaic industry is witnessing a price recovery, with the M10 monocrystalline TOPCon battery price stable at 0.29 yuan/W and the 182mm TOPCon double-sided glass module price increasing to 0.7 yuan/W, reflecting a 2.94% increase [20] - The wind power sector is expected to see a significant increase in demand for large-scale components and main units due to the booming construction of offshore projects [4][22] - The market for energy storage is expanding, with domestic and international demand expected to rise, particularly in the context of policy support and technological advancements [42] 3. Power Equipment & Industrial Control - The development of AI is expected to accelerate the deployment of intelligent computing data centers, creating new opportunities for domestic electrical equipment companies [5][8] - The collaboration between major tech companies and equipment suppliers is likely to benefit those with deep partnerships and experience in the industry [8][9] - The demand for humanoid robots is increasing, driven by advancements in AI technology and the need for cost reduction, presenting a broad market opportunity for domestic manufacturers [9]