Guojin Securities: Bullish on new technologies such as solid-state batteries.

Guo Jin Securities pointed out that the sales of new energy vehicles continued to exceed expectations in April 2025, with strong sales trends in China and Europe. The year-on-year growth rate of energy storage in China has slowed down, while the United States has maintained relatively high growth. In 2025, the prosperity and new technology of the lithium battery sector are driven by two wheels. From the perspective of the pattern, subdividing the leading companies in the competition track is still the best configuration strategy. From the perspective of growth, solid-state batteries and other new technologies are optimistic, and attention should be paid to related targets.