CITIC Securities: High growth rate of load, continuous development of new energy, and the confirmed demand for energy storage will continue to grow rapidly.

The research report by CITIC Securities pointed out that the enthusiasm for energy storage investment is extremely high. The planned investment projects in Inner Mongolia East and Inner Mongolia West next year will more than double compared to this year, and the capacity compensation policy is sustainable. At the same time, with high growth in load and the continuous development of new energy sources, the demand for energy storage will continue to rise. Currently, batteries and other materials are identified as tight areas, and various lithium battery materials have the potential for sustained price increases, focusing on positive electrodes, negative electrodes, electrolytes, separators, copper and aluminum foils, as well as additives such as 6F and VC, and being optimistic about the battery and integration segments. AIDC matching storage provides certainty for high growth in overseas markets.