Investment Rating - The report maintains a rating of "Buy" for the basic chemical industry [5] Core Viewpoints - The 800V high-voltage fast charging technology is the mainstream development route for electric vehicles, with BYD set to release its 1000V ultra-high-voltage fast charging technology [21][22] - PEEK materials are expected to see significant demand in the production of winding wires for 800V electric motors in electric vehicles, with a projected demand of 2,630.12 tons and a market size of 886 million yuan by 2027 [24][27] - The report highlights the leading position of Zhongyan Co., which is the largest producer of PEEK in China and has surpassed international competitors in domestic market share [33][31] Summary by Sections Industry Overview - The report discusses the transition from traditional fuel vehicles to electric vehicles, emphasizing the increasing demand for 800V and 1000V electric motors and their associated winding wires [21][22] - PEEK materials are identified as ideal for high-voltage applications due to their superior properties compared to traditional materials like PI [22][23] Company Analysis - Zhongyan Co. is noted as the largest producer of PEEK in China, with a production capacity of 622.74 tons, and is positioned as a key player in the domestic market [33][31] - The company has plans to expand its production capacity significantly, with projects aimed at increasing PEEK output to meet growing demand [35][36] Market Trends - The report indicates that the PEEK market is experiencing steady growth, particularly in China, which is projected to reach a market size of 2.838 billion yuan by 2027 [27][28] - The global PEEK market is expected to reach approximately 1.226 billion USD by 2027, with China being the fastest-growing consumer [27][28] Investment Recommendations - The report suggests focusing on companies involved in PEEK production and related materials, including Zhongyan Co., Jinfat Technology, and Wote Co. [33][37]