Lyon: China's AIDC construction plan benefits energy storage battery demand, and the stock most preferred is Contemporary Amperex Technology (03750).

Lyon released a research report stating that it is reported that China plans to invest approximately 29.5 trillion US dollars in building Artificial Intelligence Data Centers (AIDC) across the country in the next five years. The bank estimates that this could potentially bring about an additional demand of 125GWh of energy storage batteries in China in the next 5 years, equivalent to one-fourth of this year's predicted energy storage demand in China. The bank believes that this injects a strong boost into Chinese battery concept stocks, and the recent price pullback is a good opportunity to buy low. In terms of industry-recommended stocks, the bank is most bullish on Contemporary Amperex Technology (03750, 300750.SZ), followed by SIGENERGY (06656), CALB (03931), REPT BATTERO (00666), and Gotion High-tech (002074.SZ).