产业周跟踪：动力锂电池发布新国标，国网二季度重点工作会强调加快电网投资

Investment Rating - The industry rating is "Outperform the Market" [4] Core Insights - The lithium battery sector anticipates a new national safety standard for electric vehicle batteries to take effect in July 2026, alongside the launch of the new car model Wanjie M8 by Hongmeng Zhixing and the new brand SAIC Shangjie [2] - In the photovoltaic sector, prices across the supply chain have softened due to the nearing end of the installation rush, with both distributed and centralized component prices declining [2] - The energy storage sector is seeing rapid development across the entire chain, with the CNESA releasing the "Energy Storage Industry Research White Paper 2025," indicating a global energy storage capacity of 178 GWh and a significant increase in new installations [29] Summary by Sections 1. New Energy Vehicles and Lithium Battery Sector - The new national standard for electric vehicle batteries is set to be implemented in July 2026, focusing on safety requirements and testing protocols [10] - The Wanjie M8 has been officially launched, featuring advanced driving assistance systems and a new brand collaboration between SAIC and Huawei [11] - Investment recommendations include companies with cost advantages and those leading in fast-charging and high-voltage technologies [12][13] 2. Photovoltaic Sector - The industry is experiencing price declines as the installation rush comes to an end, with expectations of a return to normal demand post-rush [20] - Price trends in the supply chain show a decrease in silicon wafers and battery prices, with production levels expected to stabilize [21] - Investment suggestions focus on companies benefiting from supply-side reforms and those with price elasticity in the battery segment [23] 3. Energy Storage Sector - The global energy storage market is projected to reach 178 GWh, with significant contributions from China [29] - The number of bidding companies for energy storage systems has increased significantly, indicating a growing market [30] - Investment recommendations highlight quality energy storage integrators and companies benefiting from the growth in energy storage demand [36] 4. Power Equipment and Industrial Control Sector - The State Grid's fixed asset investment exceeded 90 billion yuan in Q1 2025, marking a historical high [39] - The U.S. has introduced measures to enhance grid reliability in response to increasing electricity demand [40] - Investment suggestions include companies benefiting from overseas market expansion and digital grid solutions [46] 5. Hydrogen Energy Sector - The hydrogen energy industry is rapidly developing across the entire chain, with significant contributions from China [51] - The first cross-regional hydrogen heavy-duty truck corridor has been launched, enhancing hydrogen supply capabilities [53] - Investment recommendations focus on companies involved in renewable hydrogen production and fuel cell systems [54][57]