Core Viewpoint - The chairman of Tongwei Group, Liu Hanyuan, emphasizes the importance of differentiation and collaboration within the photovoltaic and energy storage industries to avoid excessive competition and achieve high-quality development [1][1]. Industry Insights - Domestic photovoltaic leaders are accelerating their investments in energy storage businesses, recognizing the significant market potential in both power batteries and energy storage sectors [1][1]. - Companies like CATL, BYD, and Sungrow have positioned themselves at the forefront of the global market [1][1]. Competition and Collaboration - Liu Hanyuan advocates for appropriate division of labor and collaboration within the industry, suggesting that this approach will enhance overall development in the energy transition landscape [1][1]. - The ongoing discourse on "anti-involution" reflects the industry's focus on high-quality development rather than merely avoiding monopolistic practices [1][1]. Future Outlook - Liu Hanyuan expresses confidence that with government guidance and industry consensus, the "new three items" of the industry can effectively prevent excessive competition and promote sustainable high-quality collaborative growth over the next 5 to 10 years [1][1]. - He also highlights the importance of achieving supply-demand balance and reasonable pricing through industry consensus, akin to controlling the flow in a water supply system [1][1].

Core Insights - The article highlights the recent bidding data for energy storage projects, indicating a total bidding scale of 8.3 GWh and a winning bid scale of 9.5 GWh for the week of November 10 to November 16 [1]. Bidding Section - The largest project is the 300 MW/1200 MWh compressed air energy storage project in Shandong, with a total investment of approximately 211.16 million yuan [2]. - The bidding scope includes project surveying, design, construction, procurement, installation, commissioning, and related services [2]. Winning Bids Section - The lowest bid for a storage system was 0.4779 yuan/Wh, submitted by XJ Electric for a 105 MW/408 MWh project, with a total bid price of 19.5 million yuan [3]. Project Statistics - Various projects were listed, including: - Shanxi Zhiwei Ruilian Energy's 100 MW mixed storage project in Shanxi [4]. - Hubei Guokai Power's 200 MW/400 MWh independent storage project [4]. - Multiple projects across provinces such as Guangdong, Anhui, and Jiangsu, with capacities ranging from 50 MW to 500 MW and storage durations varying from 2 to 4 hours [4]. Winning Bid Statistics - The winning bids include projects from various companies, with prices and capacities detailed, such as: - Jiangsu Electric Power Design Institute's 200 MW/400 MWh project in Jiangsu with a bid price of approximately 1.302 million yuan [5]. - Projects in Ningxia and Xinjiang with capacities of 300 MW/1200 MWh and 500 MW/2000 MWh respectively, showcasing competitive pricing [5].

Core Viewpoint - The company is closely monitoring the development trends in the robotics industry and is currently not producing battery products for robots [1] Group 1: Company Developments - The company's portable energy storage products can be paired with solar photovoltaic panels to provide continuous power for smart robots [1] - The company plans to actively explore and develop comprehensive solutions for related application scenarios in the future [1] - The goal is to offer higher quality and more comprehensive services to the market [1]

Group 1 - The establishment of Zhongyan (Changzhou) Salt Cave Energy Storage Co., Ltd. was recently reported, with a registered capital of 120 million RMB [1] - The company is co-owned by Huaneng International's Jiangsu Energy Development Co., Ltd. and China Salt Group's China Salt Salt Cave Comprehensive Utilization Co., Ltd. [1] - The business scope of the new company includes energy storage technology services [1]

Group 1 - A total of 63 stocks in the A-share market reached the daily limit on November 18, indicating strong market activity [1] - Notable stocks include *ST Lvkang with 9 consecutive limit-ups in the veterinary medicine sector, and Shengli Shares with 6 consecutive limit-ups in the natural gas sector [1] - Other significant performers include Zhenai Meijia with 5 limit-ups in the home textile sector, and Jiuwang with 5 limit-ups in the clothing sector [1] Group 2 - ST Ruihe and Longzhou Shares both achieved 4 limit-ups, with ST Ruihe in the photovoltaic sector and Longzhou Shares in energy storage [1] - Huaxia Xingfu, also with 4 limit-ups, is associated with the robotics concept [1] - Companies like Aerospace Development and Zhongshui Fishery recorded 3 limit-ups, involved in commercial aerospace and agricultural sectors respectively [1]

Group 1 - A new company, Zhongyan (Changzhou) Salt Cave Energy Storage Co., Ltd., has been established with a registered capital of 120 million RMB [1] - The legal representative of the new company is Xie Weiwei [1] - The business scope includes energy storage technology services [1] Group 2 - The company is jointly owned by Huaneng International's Jiangsu Energy Development Co., Ltd. and Zhongyan Group's Zhongyan Salt Cave Comprehensive Utilization Co., Ltd. [1]

近日，钠离子电池工商业储能柜再添新成员。由华钠芯能研制的拥有完全自主知识产权的100千瓦／213 千瓦时钠离子电池液冷工商业储能柜成功下线。这一进展标志着钠离子电池在工商业储能领域的市场应 用迈上新台阶。 该储能柜集成钠离子电池簇、储能变流器、高压箱、液冷机、全氟己酮灭火装置等，采用液冷散热模 式，使温控系统能快速、均匀地控制电池温度稳定在最佳范围，散热效率更高；通过结构优化设计，同 等容量下设备占地面积减少35%，空间利用率显著提高；运行能耗的降低进一步压缩运维成本，同时支 持不停机分区维护，实现灵活运维；依托钠离子电池本身的宽温区优势，充放电工作温度范围覆盖零下 40摄氏度至60摄氏度，环境适应性更强，可从容应对不同地域气候条件，有着高效、稳定、安全、环保 的优势。 据了解，华钠芯能已具备钠离子电池液冷工商业储能柜定制化生产能力，可根据客户个性化需求开展产 品研发与制造。目前，已成功签订2套销售订单，另有5套上海企业的意向订单正在积极对接中。 （文章来源：新华财经） 此次下线的100千瓦／213千瓦时钠离子电池液冷工商业储能柜搭载384块185安时钠离子方形电芯，直流 电压范围在768伏至1478伏，交流 ...

Core Viewpoint - The A-share market continues to show weakness, with the ChiNext New Energy ETF experiencing a decline, while the storage industry is poised for growth driven by policy support and market demand [1][2]. Group 1: Market Performance - The A-share indices continued to decline in the afternoon session, with the ChiNext New Energy ETF (159368) falling over 4% [1]. - The ChiNext New Energy ETF (159368) saw a net inflow of 37.43 million yuan yesterday, leading comparable funds, with its share surpassing 480 million [1]. - The trading volume of the ChiNext New Energy ETF (159368) exceeded 60.7 million, ranking first among similar products [1]. Group 2: Policy and Industry Outlook - The State Council issued an implementation opinion to accelerate the cultivation of new scenarios and promote large-scale applications, focusing on the demand for new productive forces [1]. - The stability and greening of energy supply for Artificial Intelligence Data Centers (AIDC) are increasingly important, with storage technology being a key support [1]. - CITIC Securities predicts a high prosperity development period for the storage industry, driven by both policy and market factors, particularly in the context of power shortages in the U.S. due to AIDC integration and manufacturing return [1]. Group 3: Company and Product Details - The ChiNext New Energy ETF (159368) is the largest ETF tracking the ChiNext New Energy Index, covering various sectors including batteries and photovoltaics [2]. - The ETF has the highest elasticity, with a potential increase of up to 20%, and the lowest fee rate, with a total management and custody fee of only 0.2% [2]. - As of October 31, 2025, the ETF's scale reached 829 million yuan, with an average daily trading volume of 90.05 million over the past month, and it contains 59% storage and 32% solid-state battery components [2].

Core Viewpoint - The energy storage sector is experiencing a significant adjustment, with the energy storage index dropping over 4% in the afternoon session, despite a cumulative increase of 5.71% for the month as of the previous day's close [1]. Group 1: Market Performance - The energy storage index has seen a decline of over 4% in the afternoon session [1]. - As of the previous day's close, the index had a cumulative increase of 5.71% for the month [1]. Group 2: Individual Stock Performance - Stocks such as Fulin Precision Engineering have dropped over 15%, while Zhongneng Electric, Haibo Technology, and Wanrun New Energy have seen declines exceeding 10% [3]. - Other companies with notable declines include Aters, Penghui Energy, Yongfu Co., Aotuxun, and Pioneering Technology, all experiencing significant drops [3]. - The energy storage battery ETF (159566) has decreased by over 3%, despite receiving a net inflow of over 200 million yuan yesterday [3].

Core Viewpoint - The energy storage sector is experiencing a significant adjustment, with the energy storage index dropping over 4% on November 18, despite a cumulative increase of 5.71% for the month [1][2]. Market Performance - As of November 18, the energy storage index (884790) closed at 5559.36, down 236.77 points or 4.09% from the previous day [2]. - The trading volume for the index was 16.36 billion, with a total transaction value of 864.04 billion [2]. - Year-to-date, the index has increased by 64.69% [2]. Individual Stock Performance - Several stocks in the energy storage sector experienced significant declines, with 富临精工 dropping over 15%, and 中能电气, 海博思创, 万润新能, 阿特斯, 鹏辉能源, 永福股份, 奥特迅, and 派能科技 all seeing declines exceeding 10% [4]. - The energy storage battery ETF (159566) fell over 3%, despite a net inflow of over 200 million in the previous day [5].