石化化工交运行业日报第20期：《新型储能制造业高质量发展行动方案》印发，推进锂电技术迭代升级

Investment Rating - The report maintains an "Overweight" rating for the petrochemical and transportation sectors [5]. Core Insights - The "New Energy Storage Manufacturing High-Quality Development Action Plan" has been issued by eight departments to promote the iteration and upgrading of lithium battery technology, aiming to enhance product performance and expand application fields [1]. - The demand for power batteries and energy storage batteries in China is expected to grow significantly, with a projected production of 1,089.8 GWh in 2024, representing a year-on-year increase of approximately 47.5% [2]. - Solid-state batteries are recognized as the next generation of energy storage technology, with a focus on sulfide electrolytes and a performance target of 400 Wh/kg and over 1,000 cycles by 2027 [3]. Summary by Sections 1. Industry Overview - The report highlights the issuance of a development action plan aimed at fostering a high-quality development of the new energy storage manufacturing industry, focusing on sustainable development, innovation, and international cooperation [1]. - The report emphasizes the need for a healthy and orderly development of the industry, preventing low-level redundant construction and establishing safety standards for energy storage battery products [1]. 2. Market Demand and Supply - The report indicates that the supply structure of upstream lithium battery materials is expected to improve due to industry policies and technological advancements, which will benefit leading companies and alleviate competition in the lithium battery materials sector [2]. - It suggests monitoring the overseas production base layout of battery materials companies due to potential tariff increases on China's new energy vehicles and storage products [2]. 3. Investment Recommendations - The report recommends focusing on undervalued, high-dividend, and well-performing companies in the "three barrels of oil" and oil service sectors, including China National Petroleum, Sinopec, and CNOOC [4]. - It also suggests paying attention to domestic semiconductor materials and panel materials companies that are likely to benefit from the trend of domestic substitution [4].