新能源周报（第87期）：光伏演绎极致低价，海风、车型有突破

Investment Rating - The report maintains a positive outlook on the power equipment and new energy sector, specifically highlighting the extreme low prices in the photovoltaic sector and breakthroughs in offshore wind and vehicle models [1]. Core Insights - The photovoltaic industry is experiencing extreme low prices, presenting significant long-term investment opportunities. The electric vehicle sector is seeing continuous innovation, which will further optimize the industry chain. Short-term opportunities are identified in power equipment, smart technology, and offshore wind segments [2][3]. - The report emphasizes the importance of leading companies like Tesla and NIO in the electric vehicle market, with NIO launching a new brand, "Leda," targeting family users with competitive pricing [2][3]. - The report suggests that the mid-term bottom for the photovoltaic industry is approaching, with upstream prices expected to continue declining, which will accelerate the clearing of supply [2][3]. Summary by Sections New Energy Vehicles - The new 301 tariff regulations will increase tariffs on electric vehicles and lithium-ion batteries, but the impact on China's electric vehicle exports to the U.S. is expected to be minimal due to low current sales [3][14]. - NIO's new brand "Leda" aims to compete with the Model Y, offering a family-oriented electric SUV with a starting price of 219,900 yuan and impressive specifications [3][15]. - The report anticipates a rise in sales of pure electric SUVs in the second half of the year, driven by new models from domestic brands [3][15]. Photovoltaic Industry - The report expresses optimism about the photovoltaic sector, noting that the U.S. is enhancing domestic production incentives, which may create short-term pressures but ultimately lead to a market turning point [5][16]. - Key developments include the end of tariff exemptions for Southeast Asia and increased monitoring of imports to prevent unfair competition [5][16]. - The report identifies core growth companies in the photovoltaic sector, including Longi, Tongwei, and Jinko, as well as emerging players in the heterojunction and perovskite segments [5][16]. Wind Power - The report highlights the steady progress of existing and new competitive projects in Guangdong, predicting a peak in offshore wind construction in the coming years [7][19]. - Recent advancements in the Fanstone projects indicate positive developments, with significant procurement activities underway [7][19]. - The report recommends focusing on key players in the offshore wind sector, including cable manufacturers and component suppliers [7][19].