Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it Core Insights - NEV-PV battery installations increased by 11.2% week-over-week to 11.9 GWh, with a month-to-date increase of 14.5% and a year-to-date increase of 37.3% year-over-year [1] - CATL outperformed in market share, gaining 0.5 percentage points month-to-date, while BYD lost 4 percentage points in the same period [1][3] - Lithium-carbonate prices decreased by 2.7% week-over-week to Rmb 60,400 per ton, reflecting a 9.4% decline month-over-month [1] Summary by Sections Battery Installations - NEV-PV battery installations for the week of May 26 to June 1 reached 11.9 GWh, marking a 29.9% increase month-over-month and a 37.3% increase year-over-year [1][3] - Year-to-date installations for BEV and PHEV increased by 47.3% and 30.6% respectively [1] Market Share Dynamics - CATL's market share rose to 49.1%, while BYD's share fell to 33.6% [3] - CATL's installation growth was 15.8% year-to-date, compared to BYD's 2.5% [3] Cost Trends - LFP cell costs decreased to Rmb 245.2 per kWh, down 1.3% month-over-month and 9.3% year-over-year [2][8] - NCM cell costs fell to Rmb 351.9 per kWh, reflecting a 0.8% month-over-month and 10% year-over-year decline [2][8] - The gross profit margin for LFP cells improved to 15.9%, while NCM cells reached 17.2% [2][8]