装备制造行业周报（1月第3周）：固态电池产业持续推进-20260126

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests continued attention to investment opportunities in core equipment and materials segments related to solid-state batteries and inverters [1]. Core Insights - The solid-state battery industry is advancing, with companies like Geely and FAW making significant progress in developing and testing their own solid-state battery technologies, indicating a strong potential for commercialization in various applications [2][3]. - The photovoltaic inverter exports from China are on the rise, with a total export value of approximately $839 million in December 2025, reflecting a 26% year-on-year increase, driven by strong overseas demand and a favorable market environment [2][3]. - The automotive market is experiencing a temporary decline in retail sales, but the introduction of new subsidy policies is expected to support a gradual recovery in the market, particularly for smart and high-tech vehicles [2][3]. Summary by Sections Market Overview - In the past week, the indices for mechanical equipment, electric power equipment, and automotive sectors increased by 2.56%, 3.57%, and 2.51% respectively, outperforming the Shanghai Composite Index, which decreased by 0.62% [7][9]. Industry News and Key Company Announcements - Significant advancements in solid-state battery technology were reported, with Geely and FAW achieving important milestones in their development processes [2]. - The inverter export market is expected to maintain high growth, with record export numbers indicating robust demand from international markets [2]. - The automotive sector is facing challenges due to changes in subsidy policies, but long-term growth is anticipated as the penetration rate of new energy vehicles continues to rise [2]. Company Performance - Top-performing stocks in the mechanical equipment sector included Fenglong Co., Tianzhong Precision, and Deen Precision, with weekly increases of 61.08%, 33.66%, and 33.05% respectively [14]. - In the electric power equipment sector, companies like Aotewei and Maiwei also showed strong performance, with increases of 38.90% and 36.29% respectively [14]. - The automotive sector saw significant gains from companies such as Xinz坐标 and Tieliu Co., with increases of 36.30% and 32.97% respectively [14].