【9月29日正力新能股价高开涨约6%，招银国际首予"买入"评级】9月29日，正力新能(3677.HK)股价跳 空高开，现涨约6%，报11.92港元，总市值达298亿港元。2025年，中国电池行业行情强势上涨，动力 电池因市场需求放量，储能电池借能源转型东风成增长最快细分领域。 招银国际报告指，正力新能历 史包袱轻、运营效率高、客户结构优化，驱动销量与利润双增，首次覆盖给予"买入"评级，目标价18港 元。虽宁德时代和比亚迪占据中国动力电池约70%份额，但正力2%的市占率仍有较大增长空间。 此 外，正力新能已获纳入港股通，于9月8日起生效。获纳入后，其有望吸引内地资金关注，提升流动性与 估值水平。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 本文由 Al 算法生成,仅作参考,不涉投资建议,使用风险自担 和讯财经 FUF hexun.con 和而不同 迅达天下 扫码查看原文 ...

正力新能(3677.HK)今日股价跳空高开，现涨约6%报11.92港元，总市值298亿港元。消息上，2025年，中国电池行业迎来了一波强势上涨行情。动力电池在 市场需求的推动下持续放量，储能电池则凭借全球能源转型的东风异军突起，成为增长最为迅猛的细分领域。 此外，正力新能获纳入港股通，并于2025年09月08日起生效。获纳入港股通后，正力新能有望吸引更多内地资金的关注，流动性及估值水平将进一步提升。 (格隆汇) 招银国际日前报告指，正力新能历史包袱轻、运营效率高、客户结构优化驱动销量与利润双增，首次覆盖给予"买入"评级，目标价18港元。虽然当前宁德时 代和比亚迪合计占据中国动力电池市场约70%份额，但正力目前约2%的市占率意味着即使在行业格局变化不大的情况下仍有较大增长空间。 | ■ 正力新能 | 分时 | 多日 日K | 周Ｋ 月Ｋ 季K | 年K | 1分 | 3分 | ટસ્પ્ | 10分 | 15分 30分 v 1天:1分K v | 显示 √ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 11.960 ...

Core Viewpoint - The recent surge in silver prices is attributed to a combination of macroeconomic conditions, fundamental supply-demand dynamics, and increased investment interest, with silver outperforming many commodities in the past six months [1][2][3]. Macroeconomic Factors - The Federal Reserve's initiation of a mild interest rate cut cycle has reduced the opportunity cost of holding silver, a non-yielding asset, as inflation declines and real interest rates continue to fall [2][4]. - A weakening U.S. dollar has provided additional support for silver prices [2][4]. - The correlation between gold and silver prices has been significant, with gold prices stabilizing at historical highs, thereby supporting silver prices [2][4]. Supply and Demand Dynamics - Industrial demand for silver remains robust, particularly from sectors such as photovoltaics, electric grid upgrades, and automotive electronics [3][4]. - Despite the push for "silver reduction" in the photovoltaic industry, overall industrial demand for silver is expected to remain high due to continued growth in new installations [3][4]. - The silver market has seen a persistent supply gap, with strong industrial demand further driving price increases [2][3]. Investment Trends - Silver ETFs have experienced significant inflows, with over 95 million ounces net added in the first half of the year, surpassing the total for the previous year [3]. - The investment demand in markets like India has accelerated, contributing to the upward pressure on silver prices [3][4]. Price Outlook - Short-term silver prices are likely to be influenced by macroeconomic conditions and gold price movements, with expectations of continued strong performance if the Fed maintains its easing stance [4][5]. - The silver market is projected to remain in a supply-demand deficit, although the gap may decrease from 2024's high levels to around 4,000 tons by 2025 [4]. - There is potential for silver prices to challenge the historical high of $50 per ounce within the year, although risks of short-term corrections exist due to fluctuations in manufacturing growth and trade tensions [4][5].

Core Insights - Europe is facing a deep-seated contradiction between the large-scale development of renewable energy and insufficient grid adaptability, impacting its net-zero transition goals [1] - The collaboration between China's leading energy storage company, Hichain Energy, and UK-based developer ElementsGreen aims to address the challenges in the renewable energy sector by deploying a large-scale battery storage system [2][4] Industry Overview - The intermittent and volatile nature of clean energy sources like wind and solar is putting continuous pressure on grid stability, leading to instances of renewable energy curtailment [1] - The European energy storage market has high demand but lacks sufficient supply of large-scale storage solutions that are efficient, safe, and have long life cycles [1] - The UK, with its growing renewable energy capacity, faces challenges in grid resilience and storage infrastructure, necessitating high-quality storage projects to fill the gaps [1] Company Collaboration - Hichain Energy will deploy a total of 720MWh battery storage system for ElementsGreen, marking one of the largest storage projects in the UK [2][4] - The project aims to reduce renewable energy curtailment, enhance grid flexibility and safety, and decrease reliance on fossil fuels [2] - Hichain Energy will provide advanced 5MWh DC-side storage systems along with fully customized integrated solutions to ensure project efficiency and longevity [4] Strategic Importance - The partnership between Hichain Energy and ElementsGreen is a significant strategic move for Hichain Energy to deepen its presence in the European market [4][5] - ElementsGreen has over 15 years of project development experience in the UK and EU, providing comprehensive services that strengthen the project's foundation [4] - The project is expected to inject strong momentum into the UK's net-zero transition and serve as a benchmark for upgrading energy storage technology and service standards across Europe [5]

Group 1 - The European Union announced an investment of €545 million (approximately 4.2 billion RMB) to support renewable energy projects in Africa, including solar and wind energy [1][2] - This funding marks a significant shift in EU's strategy, moving from military spending to energy cooperation with Africa, aiming to reduce dependence on traditional oil and gas resources [1] - The investment is seen as a crucial step in the EU's energy transition, especially in light of the energy security challenges posed by the Russia-Ukraine conflict and the previous gas supply crisis [1][2] Group 2 - Africa is emerging as a new hotspot for global energy cooperation, with various countries already investing in hydroelectric and wind projects in the region [2] - The EU's entry into the African renewable energy market indicates a competitive landscape, as it seeks to prevent any single entity from dominating this emerging market [2] - The €545 million investment, while not substantial, could pave the way for larger-scale collaborations if successful demonstration projects are established [2]

Core Insights - The 18th World Solar Photovoltaic and Energy Storage Industry Expo (WPV Expo 2026) will be held from September 16-18, 2026, in Guangzhou, China, showcasing the theme of "Technological Innovation and Global Cooperation" [1] - The expo is expected to attract over 2,000 domestic and international exhibitors, covering an exhibition area of 180,000 square meters, and receiving more than 300,000 professional visitors from over 100 countries and regions [1][8] - The event aims to serve as a significant platform for promoting technological exchanges and trade cooperation in the photovoltaic and energy storage sectors [1][7] Exhibition Scale and Impact - The exhibition area has increased by 200% compared to 2023, growing from 60,000 square meters to 180,000 square meters, with the number of participating companies rising from over 900 to more than 2,000 [8] - The expo will feature a wide range of products, including photovoltaic cells, inverters, energy storage systems, and smart operation and maintenance equipment, with leading companies launching high-efficiency photovoltaic modules and long-life energy storage batteries [8] - The event will also include interactive zones for photovoltaic and energy storage experiences, enhancing visitor engagement through simulated demonstrations of technology principles [8] Internationalization and Networking - The expo has evolved from a regional event to an international brand since its inception in 2009, with a formal rebranding in 2020 to emphasize its global strategy [7] - The event will facilitate connections between Chinese enterprises and international brands, promoting technology output and market expansion [7] - The organizing committee plans to distribute millions of tickets and conduct extensive outreach to attract high-end professional audiences, including power companies, renewable energy developers, and research institutions [9]

"中国与100多个国家和地区开展绿色能源合作，建成巴西美丽山正负800千伏特高压直流输电项目、巴 基斯坦卡洛特水电站等一大批标志性合作项目，为发展中国家能源转型提供了可落地的中国方案。"万 劲松说。 古巴以主宾国身份参加此次论坛。古巴科技与环境部部长阿曼多*罗德里格斯*巴蒂斯塔表示，为推进能 源结构转型，古巴计划发展风电、太阳能等可再生能源，加强相关基础设施建设，将可再生能源发展为 补充性能源，并逐步向支柱性能源转变。 "多年以来，中国一直对古巴进行无私支持。"阿曼多*罗德里格斯*巴蒂斯塔希望与中国携手合作，推动 技术创新，推动能源领域的低碳发展。 2025年太原能源低碳发展论坛27日在山西太原开幕。本届论坛以"绿色低碳转型发展、构建新型能源体 系"为主题，汇聚全球智慧，展示最新成果，深化务实合作。 "全球能源转型在取得成果中不断向前迈进，光伏、风电等新能源逐步替代化石能源，获得广泛认可和 支持，各国均在探索符合自己国情的能源转型路径。"中国气候变化事务特使刘振民表示，积极应对气 候变化是世界人心所向、大势所趋，全球能源转型进程不可逆转。 中国国家能源局副局长万劲松介绍，中国已构建起全球最大、发展最快的可再生 ...

Core Viewpoint - The 2025 Taiyuan Energy Low Carbon Development Forum emphasizes the theme of "green low-carbon transformation and the construction of a new energy system," showcasing global wisdom and the latest achievements in energy transition [1] Group 1: Global Energy Transition - The global energy transition is making progress, with renewable energy sources like solar and wind gradually replacing fossil fuels, gaining widespread recognition and support [1] - Countries are exploring energy transition paths that align with their national conditions, indicating a tailored approach to energy transformation [1] Group 2: China's Renewable Energy Development - China has established the world's largest and fastest-growing renewable energy system, with wind and solar installed capacity reaching 1.68 billion kilowatts by the end of July 2025 [1] - China has maintained the world's largest installed capacity for wind power for 15 consecutive years and for solar power for 10 consecutive years, highlighting its leadership in renewable energy [1]

来源：市场资讯 （来源：石墨邦） 日前，上海杉杉科技与全球领先的矿物产品供应商益瑞石公司 (Imerys) 建立战略合作伙伴关系。双方将在欧洲携手建立高性能负极材料的本土化供应链， 共同为欧洲大陆未来电动汽车 (EV) 和储能发展贡献力量。 市场需求的有力支撑 此次合作双方将通过稳定高效的生产规模及强有力的供应保障体系，全力满足欧洲电动汽车和储能领域在能源转型下快速增长的市场需求。 Frank Wittchen 益瑞石石墨和碳公司总经理 "杉杉是全球排名第一的人造石墨负极生产商。与杉杉这样实力强劲、经验丰富的中国石墨行业领导者建立战略合作伙伴关系，对于构建欧洲电池价值链 至关重要。这将提供必要的工业规模和供应安全保障，以支持欧洲能源转型的庞大市场需求。" 丁晓阳 上海杉杉新材料科技有限公司执行总经理 打造富有韧性的欧洲供应链 杉杉与Imerys将着力构建安全、可持续且具有竞争力的区域性人造石墨负极材料供应体系，通过技术创新与本地化生产，更高效、更可持续地服务欧洲及 全球市场。 规模化的创新研发 通过结合杉杉全球领先的负极技术与Imerys深厚的材料科学实力，双方正在共同开发一系列负极石墨产品，旨在优化产品性能 ...

Core Points - The meeting between Chinese Vice Premier Ding Xuexiang and Russian Deputy Prime Minister Novak emphasized the importance of energy cooperation as a model of mutually beneficial collaboration between China and Russia [1] - Both sides expressed commitment to further implement the consensus reached by the leaders of the two countries and to elevate energy cooperation to a higher level, contributing to global energy security and sustainable development [1] Group 1: Energy Cooperation Initiatives - Ding proposed three suggestions for deepening practical cooperation in the energy sector: 1) Deepening benefit integration and steadily advancing key project construction and operation [1] 2) Complementing advantages and exploring cooperation potential in renewable energy, hydrogen energy, and energy storage [1] 3) Strengthening collaboration to promote genuine multilateralism and implement global governance initiatives in the energy sector [1] - Novak acknowledged the fruitful results of energy cooperation under the strategic guidance of the two leaders and expressed willingness to expand energy cooperation and support the high-level development of Sino-Russian relations [1] Group 2: Areas of Cooperation - The meeting reviewed cooperation in various fields including oil, natural gas, coal, electricity, renewable energy, and nuclear energy, and both sides reached broad consensus on further cooperation [2] - A joint meeting summary was signed by Ding and Novak after the discussions [3]