1, CICC released the outlook for the midstream segment of new energy vehicles in 2024, which believes that in the new car cycle and the price center,

the global sales of new energy vehicles in 2024 are still expected to achieve a high growth rate, and the sales volume is expected to reach 17-18 million units, an increase of about 30-35%.

Corresponding to battery demand, taking into account the increase in bicycle power and the increase in the proportion of overseas pure electricity, it is expected that global power battery shipments in 2024 are expected to reach 1.2TWh, an increase of nearly 35%.

Optimistic about the stability of sector earnings to drive Beta repair, recommend strong bargaining power battery links, profit levels are expected to remain relatively stable, and the price decline is deeper, is expected to be the first small and medium-sized enterprise losses and clearing of the electrolyte, negative links; It is suggested to seize the opportunity of new technology and domestic replacement of Alpha.

2, CICC: A number of new technologies for new energy vehicles are expected to usher in scale in 2024

Securities Times network news, CICC research report pointed out that a number of new technologies of new energy vehicles are expected to usher in large-scale expansion in 2024:

1) Lithium manganese iron phosphate (LMFP) : industrialization continues to accelerate, it is expected that the head car enterprises and the head battery factory are expected to start mass production and introduction at the end of 2023, and the official launch of the car in early 2024;

2) Composite copper foil: on behalf of the material leader to open the expansion tide of composite foil production, it is expected that the high-safety battery equipped with composite fluid collection is expected to usher in large-scale commercialization in 2024;

3) High voltage fast charge: 800V product cycle + supercharge network construction speed is expected to drive the volume of high voltage fast charge models in 2024, and drive the upgrade or demand growth of conductive carbon black, negative electrode coating materials, liquid cooling plates, fuses, high voltage DC relays and other components;

4) 4680: With the improvement of the downstream new car cycle + the yield of large cylinder products, it is expected that large cylinder batteries are expected to achieve batch loading in 2024, and energy storage also brings incremental demand.