锂电新一轮周期的增长

Group 1 - The previous round of lithium battery expansion ended in 2022, and a new expansion wave is expected from 2026 to 2030, with a compound growth rate of 25%, significantly higher than the 16% growth during the sluggish period from 2022 to 2025, targeting a global demand of 2000 GWh for power batteries by 2030, with a current effective capacity gap of approximately 840-850 GWh [1] - The capacity expansion for lithium batteries has officially begun, marked by CATL's capacity utilization rate increasing from 76% to 90%, and only leading manufacturers with technical strength and real demand will participate in this expansion, with no new entrants from other industries, allowing existing leaders to continue benefiting [1]