电力设备行业周报：阿里巴巴与苹果有望合作开展AI业务，持续看好AIDC电源设备

Investment Rating - The industry investment rating is maintained as "Recommended" [1] Core Views - The demand for AIDC electrical equipment is expected to drive the acceleration of computing power construction, with significant growth anticipated in server power supplies and related equipment due to AI data center needs [6][8] - The solid-state battery technology is gaining traction, supported by government policies and increasing demand from downstream sectors, particularly in the automotive industry [10][12] - The photovoltaic industry is undergoing supply-side optimization, with signs of price increases and a potential recovery in demand and profitability expected in 2025 [14][15] - The wind power sector is experiencing an upgrade driven by the entry of new energy into the market, with a focus on high-quality development and improved economic viability of offshore wind projects [17][19] - The demand for high-voltage equipment is on the rise, with the recent commencement of bidding for ultra-high voltage equipment indicating a stable growth trajectory in the industry [18][20] Summary by Sections Industry Overview - The report highlights the ongoing collaboration between Alibaba and Apple to develop AI functionalities, which is expected to enhance the demand for AIDC power equipment [6][7] - The robot industry is poised for growth with the introduction of humanoid robots in e-commerce, indicating a nearing industrial breakthrough [3][6] Lithium Battery Sector - The solid-state battery and semi-solid-state battery developments are being accelerated by supportive policies and rising demand, with significant advancements expected in the next two years [10][12] - The report emphasizes the importance of solid-state batteries in meeting the energy density and safety requirements of new applications, including electric vertical takeoff and landing (eVTOL) vehicles [12] Photovoltaic Industry - The photovoltaic supply chain is being optimized, with the government encouraging advanced technology development and industry self-regulation to restore rational pricing [15][14] - The report notes that the photovoltaic sector is expected to see a recovery in demand and profitability by 2025, with ongoing technological innovations [15][14] Wind Power Sector - The report indicates that the wind power industry is entering a growth phase, with both onshore and offshore projects expected to benefit from improved economic conditions and policy support [17][19] - The offshore wind sector is particularly highlighted for its potential growth, with significant projects expected to come online by 2025 [19] Electrical Grid - The demand for ultra-high voltage equipment is projected to remain strong, with recent bidding announcements signaling ongoing investment in grid infrastructure [18][20] - The report suggests that the electrical grid sector will benefit from the increasing competitiveness of domestic equipment manufacturers in the global market [20]