广东省人工智能与机器人产业联盟成立

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - The report highlights that the electric power equipment and new energy sectors are expected to see improved profitability, particularly in the electric vehicle (EV) battery segment, as lithium battery supply issues are anticipated to reach a turning point. The decline in lithium carbonate prices is expected to lower battery costs and stimulate downstream demand [2][3] - The report emphasizes the growing demand for electric power equipment driven by emerging industries like AI, which is expected to lead to increased investment in global power grids. The report suggests that 2025 may be a significant year for grid investment [2][3] - In the energy storage sector, the report forecasts sustained high growth, particularly in large-scale storage and commercial storage, driven by the development of virtual power plants and the upcoming summer peak electricity demand [3][6] Summary by Sections New Energy Vehicles - The report notes a significant increase in new energy vehicle sales, with April 2025 sales reaching 1.226 million units, a year-on-year increase of 44.2%. The installed capacity of power batteries in April was 54.1 GWh, up 54.6% year-on-year [11][13] - Key companies to watch include CATL, Yiwei Lithium Energy, and BYD, among others [2][3] Electric Power Equipment and Energy Storage - The report indicates that the electric power equipment sector is poised for growth due to increased demand from AI and renewable energy developments. It recommends focusing on companies like Sifang Co., XJ Electric, and others [2][3] - In energy storage, the report highlights the potential for large-scale storage and commercial storage to thrive, with recommended companies including Nanjing Tech and Sungrow Power [3][6] Photovoltaics - The report mentions strong demand in Europe and a robust domestic market for ground-mounted solar power plants. It highlights the potential for new technologies like TOPCon to drive further growth in the solar market [3][15] - Recommended companies include Trina Solar, LONGi Green Energy, and others [3][6] Industrial Control & Robotics - The report notes an upcoming cycle of industrial control equipment updates, with a PMI of 49.5% in May 2025, indicating a potential recovery in manufacturing [5] - The establishment of the Guangdong AI and Robotics Industry Alliance is expected to facilitate the development of the humanoid robotics sector [5][6] Low-altitude Economy - The report discusses the rapid development of low-altitude economy projects, particularly eVTOL, with the establishment of a national low-altitude traffic network [6] - Companies to watch include CATL and others involved in low-altitude transportation [6]