周报 ｜ 动力电池需求小幅下降

Battery - Demand for passenger vehicle batteries has slowed down this week, while orders for energy storage and commercial vehicles are relatively saturated, leading to stable production for companies with a high proportion of energy storage business and a noticeable decline for those focused on power batteries. Overall, market supply is expected to decrease slightly, with an anticipated reduction of less than 5% [1] New Energy Vehicles - After the holiday, the consumer market for new energy vehicles remains in a wait-and-see state, with companies continuing to implement price cuts and various financial policy subsidies, entering a phase of reduced competition. Prices for motors, batteries, and chips have increased, making it difficult for car manufacturers. According to the Passenger Car Association, the cumulative retail sales of passenger cars nationwide reached 23.779 million units, a year-on-year increase of 4%; cumulative retail sales of new energy vehicles reached 12.859 million units, a year-on-year increase of 18%; the cumulative penetration rate of new energy vehicles is 54.08% [2] - By 2025, CATL plans to establish 1,020 "Chocolate" battery swap stations and 305 "Qiji" swap stations; the goal for 2026 is to have a total of 3,000 "Chocolate" swap stations and 900 "Qiji" swap stations [2] CATL - The growth of the energy storage market is outpacing that of the power battery market [10]