锂电池行业月报：销量同比高增长，短期可关注

Investment Rating - The report maintains an "Outperform" investment rating for the lithium battery industry [1][7]. Core Insights - The lithium battery sector has shown strong performance, with the lithium battery index rising by 13.47% in February 2025, outperforming the Shanghai and Shenzhen 300 index, which increased by 2.50% [7][10]. - In February 2025, China's new energy vehicle sales reached 892,000 units, a year-on-year increase of 87.0%, with a market share of 41.90% [7][17]. - The report highlights the importance of monitoring upstream raw material price trends, monthly sales, and the implementation of industry regulations [7][10]. Summary by Sections Market Review - The lithium battery index and new energy vehicle index both outperformed the Shanghai and Shenzhen 300 index in February 2025 [10]. - A total of 94 stocks in the lithium battery sector rose, with an average increase of 12.94% [10]. New Energy Vehicle Sales and Industry Prices - In 2025, new energy vehicle sales in China are projected to continue growing, with significant increases in both domestic and export markets [17][19]. - The report notes that the price of battery-grade lithium carbonate was 75,000 CNY/ton as of March 11, 2025, reflecting a decrease of 3.23% from early February [7][37]. Industry and Company News - The report discusses various industry developments, including government policies aimed at promoting new energy vehicles and advancements in battery technology [53][54]. - It highlights the strategic partnerships and technological innovations being pursued by key players in the lithium battery sector, such as BYD and CATL [54].