國泰君安:短中期需求共振 新能源板塊迎估值抬升
國泰君安研報表示,當前新能源車產業鏈處於週期底部區間,新能源車旺季疊加儲能強於預期鋰電需求迎來改善,隨着25年歐洲碳排放方案落地和美國可能的儲能“搶裝”鋰電中期需求有望持續拉動。建議當下積極關注:1)業績強勁的鋰電龍頭企業;2)超跌的鋰電環節龍頭;3)受益於消費電子下游回暖和AI創新週期的消費電池環節;4)產業趨勢上,傳統整車通過電動化及品牌升級在新能源端實現量價提升,利好配套產業鏈;5)新技術方面,固態電池產業化進程加速;特斯拉皮卡逐步放量的4680電池配套產業鏈。
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