Group 1 - The lithium battery industry chain has seen a continuous increase in demand since December, driven by the energy storage sector, leading to price hikes across multiple segments [1] - Prices for lithium hexafluorophosphate, VC additive (ethylene carbonate), and FEC (fluoroethylene carbonate) are on the rise due to an expanding supply-demand gap [1] - Several lithium iron phosphate companies have announced price increases, with Suzhou Dejia Energy Technology Co., Ltd. planning a 15% price hike for its battery products starting December 16 [1] Group 2 - EVE Energy is planning to build a nearly 30GWh cylindrical battery factory near BMW's plant in Hungary, expected to be operational by 2026 [2] - The new generation BMW iX3, equipped with EVE Energy's cylindrical battery, achieved a real-world range of 1007.7 km, surpassing the official WLTP range of 805 km [2] - The lithium iron phosphate market is projected to see significant demand growth, with production expected to rise from 3.9 million tons in 2025 to 5.8 million tons by 2026 [2] Group 3 - As of December 22, 2025, the battery ETF has seen a significant growth of 1.05 billion yuan in scale over the past week [3] - The battery ETF has also experienced a substantial increase in shares, with a growth of 19.46 billion shares over the past three months [3] - The storage battery ETF has surged over 2%, with constituent stocks like Tongfei Co. and Penghui Energy showing notable gains [3] Group 4 - The battery ETF (159755) closely tracks the National Index for New Energy Vehicle Batteries, focusing on the electric vehicle battery industry chain [4] - The storage battery ETF (Guangfa, 159305) tracks the National Index for New Energy Batteries, emphasizing the storage battery sector and selecting 50 stocks with high market capitalization and liquidity [4]

格隆汇12月23日｜据证券日报，受益于储能等对锂电池需求的拉动，12月份以来，锂电产业链景气度持 续攀升，多环节呈现涨价态势。电解液被视作"锂电池的血液"，直接决定着电池的能量密度、充放电效 率和安全性。在这一环节，继六氟磷酸锂后，VC添加剂（碳酸亚乙烯酯）和FEC（氟代碳酸乙烯酯） 因供需缺口持续扩大，价格呈现上涨趋势。除电解液环节外，锂电产业链上的正极材料、隔膜、负极材 料等环节原材料均出现价格拉升的情况。12月份以来，多家磷酸铁锂企业计划涨价。上游锂电材料的涨 价已传导至产业链下游。12月9日，苏州德加能源科技有限公司表示，自12月16日起对旗下电池系列产 品售价上调15%。另有头部锂电池企业亦表示："当前部分原材料价格有所上涨，叠加市场需求持续扩 大，锂电池价格上涨是行业趋势。目前公司正在和客户积极沟通涨价事宜，部分产品已经实现涨价。" ...

Core Viewpoint - The new energy concept stocks continue to perform strongly, particularly in the power equipment sector, with significant price increases and historical highs being reached by several companies [1][3]. Group 1: Market Performance - In the week of November 10 to 14, over 83 stocks reached historical highs, with a concentration in the power equipment, basic chemicals, and electronics sectors [3]. - The leading company, Siyuan Electric, achieved historical highs 13 times in the last 30 trading days, indicating strong market momentum [1][3]. - The lithium battery supply chain has seen explosive growth, with over 10 related stocks hitting record prices [1]. Group 2: Policy and Demand - The National Energy Administration recently issued guidelines to promote the integrated development of new energy, emphasizing the importance of energy storage [3]. - The demand for energy storage and power batteries has exceeded expectations, with global energy storage battery demand projected to surge by 2025 [4]. - In Q3, China's energy storage lithium battery shipments reached 165 GWh, a year-on-year increase of 65%, indicating robust growth in the sector [3]. Group 3: Supply and Pricing - The lithium battery industry is experiencing a reduction in supply surplus, with some products facing supply tightness [4]. - Prices for lithium hexafluorophosphate have significantly increased, with market quotes reaching 150,000 yuan per ton, doubling since mid-October [4]. - The prices of electrolyte additives like VC and FEC have also risen sharply, with VC prices increasing by 77% since June [4]. Group 4: Trading Volume - The top stocks by trading volume this week included Tebian Electric, Shannon Chip Creation, Jiangbolong, Demingli, and Artis, with trading volumes of 57.22 billion yuan, 52.65 billion yuan, 35.35 billion yuan, 27.33 billion yuan, and 25.20 billion yuan respectively [5]. - Stocks that frequently reached new highs in the last 30 trading days included Shannon Chip Creation and Electric Investment Energy, each hitting new highs 15 times [5].

Core Insights - The new energy concept stocks continue to strengthen, with the power equipment sector seeing significant gains, leading to a total market capitalization exceeding 100 billion yuan for leading companies [1] - The lithium battery industry chain has experienced a collective surge, closely related to favorable policies and improved supply-demand dynamics [2] Group 1: Stock Performance - A total of 83 stocks reached historical highs this week, a decrease from 94 the previous week [1] - Among these, the power equipment, basic chemicals, and electronics sectors had the highest concentration of stocks reaching new highs, with 17, 11, and 11 stocks respectively [1] - The main board had 48 stocks, the Sci-Tech Innovation Board had 14, the Growth Enterprise Market had 18, and the Beijing Stock Exchange had 3 stocks reaching new highs [1] Group 2: Lithium Battery Industry - The lithium battery industry is benefiting from favorable policies, such as the recent guidelines from the National Energy Administration promoting large-scale development and high-level consumption of new energy [2] - In Q3, China's energy storage lithium battery shipments reached 165 GWh, a year-on-year increase of 65% [2] - The supply-demand situation is improving, with some products experiencing supply tightness, while demand for energy storage and power batteries is exceeding expectations [2] Group 3: Price Movements - Prices for lithium hexafluorophosphate have surged, with some market quotes reaching 150,000 yuan per ton, doubling since mid-October [3] - The prices of electrolyte additives VC and FEC have also increased significantly, with VC rising 77% from 48,700 yuan per ton in early June to 86,000 yuan per ton by November 12 [3] - FEC prices increased by 64%, from 33,000 yuan per ton at the end of May to 54,000 yuan per ton by November 12 [3] Group 4: Trading Volume - The stocks with the highest trading volumes this week included TBEA, Shannon Chip, Jiangbolong, Demingli, and Canadian Solar, with trading volumes of 57.22 billion yuan, 52.65 billion yuan, 35.35 billion yuan, 27.33 billion yuan, and 25.20 billion yuan respectively [3] Group 5: Market Capitalization - Among the 83 stocks, six had a market capitalization exceeding 100 billion yuan, with Agricultural Bank of China, Industrial and Commercial Bank of China, Baofeng Energy, Jiangbolong, and TBEA leading the list with market caps of 29,748.56 billion yuan, 29,403.52 billion yuan, 1,421.21 billion yuan, 1,220.01 billion yuan, and 1,195.49 billion yuan respectively [5] Group 6: Stock Price Increases - The stocks with the highest price increases this week included Huasheng Lithium Battery, Haike New Source, Furui Shares, Online and Offline, and Yuegui Shares, with increases of 79.61%, 71.38%, 61.23%, 46.55%, and 36.45% respectively [6]