电力设备与新能源行业周报：欧洲动力电池企业渐退出竞争，海风多个项目核准

2023/6 2023/8 2023/10 2023/12 2024/2 2024/4 !ë#$%&'()*+,-./0123456 %$789:;<=>?@AB/C(DA2024E6F23G HIJKLMNLO \]^_PQRS !"#$%&'()*+,$S0740522020001Email$zengbiao@zts.com.cn!"#$-ƒ'()*+,$S0740522040004Email$wupeng@zts.com.cn!"#$/01'()*+,$S0740522080002Email$zhubr@zts.com.cn!"#$23ƒ'()*+,$S0740522100005Email$zhaoyp02@zts.com.cnPQRS 456783579(:5;(<=)46,9399(>?5;(<=)39,773 C(-TUVWfiY Ø"#$%&7()*300 10%0%-10%-20%-30%-40%-50% Z[AB GH Cffi (=) EPS PE PEG JK 2023A 2024E 2025E 2026E 2022 2024E 2025E 2026E ffi"# 82.82 4.45 5.41 6.66 8.11 18.60 15.31 12.44 10.21 0.7 $% &'() 185.16 10.03 11.97 14.75 17.59 18.46 15.47 12.55 10.53 0.8 $% *+,- 18.26 2.54 2.15 2.76 3.30 7.18 8.49 6.62 5.53 -0.5 $% ./01 31.27 2.67 4.56 5.73 6.43 11.72 6.86 5.46 4.86 0.1 $% '234 77.07 4.16 5.56 6.95 8.19 18.51 13.86 11.09 9.41 0.4 $% 5678 49.57 1.45 1.84 2.51 3.14 34.09 26.94 19.75 15.79 1.0 $% LM$Cffi8NOP2024Q6R21STUffi !Ø#$%!&'(2026)*+c-.Ø/01345678$%!&9:;< Powin=>?@ABCDEFGHIÇKLMLNOPQR10GWhS&DTU5VØ/WXYZ+[\#]^_`Nabcd<Northvolt=>effig20$TheØ567Ø/ih>i8ManagerjklNNorthvoltmnaopd130$qhrsNtuvwxyXz[|]~ÛÄÅdÇÉ——Ñ(ÖÜdá)N1âäãåx8çé+StellantisèRACCØ/ëeíìDîïñóòôöX2võúùûüä†CN'(n)¢£§P•'¶Dß®'(1£§©c)i™´¨eöÆØN2£§∑ѱ&㥵8vú24)£§¨Ø∑ѱ&D13æªÜºffi£æfi¿¡Näã¬'ƒ√Ôe∑«NØ/*»…EFGH …$%!& 8ÀÃ*»…Õhffi– …ó—ÀàNí“”‘…’÷ÿ& …ffiÿ¨ 823檟⁄¤‹›wfifl‡e·Hù‚N*»„F‰ÀNí“”‘…ÂÊÁË È…óÍffi– 833æª!؉–Î~±-.Ø/eÏÌÓÔNí“”‘…∏Ò‰À ÚD S&#ÛÙQvıˆ˜¯ÓQ˘‚N˙*5õ˚¸ìA؉˛cˇ!"#$‰%&Ó5e'Ô(ȉ&)67Qv.*Èn)+,§g.ÔØV/01*Ú2Ø3Ì4 +56D7÷/89/&:;GØffi<=#>õ?óµ/@GANBCõyXDØE@DEFGQHINJ¥DKLS&MhNQvN*O;˘PQR&S"TUØë¸PV<ØVWûXYD*»#…ZQØ) …[\Ø& …&&Ø] …^_ÁË …ffi`Ø9 D QR#QR4©Øabrecde;Nf‡OghijìkíìbrlØVBmÏVech8ܺnocpQRWûNQvlÛÙfi"ØõeV§*5‰&)QvNß®'(cqrs‚tuvwNQRxy√Ôõz[P80|]S~'ÄÅÇÉÑÖNܺffiá]Xàffi£tu¿¡l–ÎOufl‡eƒãBâNQR¬úfl‡‰eãåçé&Óè.DcØ”‘#1ÈcØ”‘Tqx´¨Wû#”‘êëÅqÛWûxíìe…îïL NTUWûe …ñóòô N"lêëÅcpWö›wfieãõNWXN”‘…úffi&) Ú2È–Îù*˛û:Wûlü†¿¡°¢£À#§fl…•¶‰À …ß®Ø] …©™ffi– N´¨…≈˛ÀàNÆIsØ…H¢ÁË Ú3È˛±*ffi£«¥NêëÅ3ÛصÅ[…Q„B 4ÈxywfiN]&;ìN´¨√Ô>õe®ª∑«N”‘…ºMï …áæpø Ú5È£ÀfiÅxy¢Nö©¿¡N”‘…ºLï …:¬‰À …˚ƒ‰À …óö‰À …Ì«–Π…sBÁË Ú6ÈØ/±*+»B…¬ú&<N´¨√Ô¬úı N”‘…ÀÿÁË …ÃÕffi– …Œœffi– …ú–ffi– …ó—Q& …“i”& Ú8ffi£°¿¡Nî‘Wûx´¨‰–Î#HPBCÈABCÈHJT’eWXN”‘…÷äÁË …ò~Ifi Ú 7ÈKSŸ¢⁄[ffi¿¡Nܺ”‘+»¤‹ı N…ZQØ) …&&Ø] …HØ›A …^_ÁË …-Fß …FXÁË …fiflÁË …fiúØ] Ú8ȇÇ·‚’#…„‰ffi– …ÂÊ«& …HßÁË …TCLQ∑ Ú ÁØ#:ÁxyËNN24-25)Å[«È¬úw…D#ÍòÎÏ#ÌÓãS~`º•5kyÔ[ÒÈÌÓÚ•5ÁùÛÙNıˆ˜a¯˘N23-24)Íòa¬8.3GW&Süä¯˘8#Í˙ÎÏ#˚¸˝Aû˛23)Ɇz0aNÚ.ˇ!"4aP#8$ˆ&Sa¯˘0üäEPC[ÒN0P•Áùij[ÒD#:÷ÎÏ#CZ1-3&SaPyN7E&'P&SüäÁù"lÁùij[ÒN'(n)CZ7ÈCZ8ÈCZ9Ú3(:Á `)&S*¬úPy8#ºíÎÏ#+,-:Ⱥíµ.AÎȵ.m,–&SüäÁù[ÒN^/0P•Áù[ÒD1-N23)[2&S*tuPv~.y4[ÒD#3,ÎÏ#23)4n¬°Å4GW&S¯˘N'(24)tuPyNS~OvåŸe56÷17Ú.È∏817"l9∑27N:üäÁùl:;ÛÙD1-N3,‰[2ã=<&S*åMD#,[ÎÏ#2.65GW[2&S:a¯˘0üäÏdìA[ÒN=>3Ì iã@?N'@)tuPyD#&:ÎÏ#800MW[2`º•5[ÒNuQNABÚ .abCD:'DzED#ƒòÎÏ#FQGÈ@0÷U1/U2È@0GN2È@0G BW&SH©24)IcØ&SN1-@0GLû˛a•5ÁùÛÙNOvw…DuJ ÎÏ#7G:ÁtuKLNMƒ300MW˛NO0500MW&S:v23-24)¯˘Nâ Mƒ&SüäÁù[Ò8ÛØbõ+PQR&S¯˘N¬útu•5Dí“cØ”‘# 1È:;#…ò~Ø; …]SÁË …TÌØ; Ú 2Èˇ!/UV#…ضÁË …ÒSÁ& …óWÁ& …õscy …:VÁØ Ú 3ÈXg#…‰YI Ú 4ÈZ[*#…s\ÁË …],ÁË …I^ÁË …Hÿcy Ú 5ÈÏùë#…_ãc& …`Za& Ú Ábw`>*#›ù°l'.8cÀÃõz&d8[\Ce8fghDe„i؉°lGÁb8j_~klmvnoãpÜeÁbÚD !"#$ 829:;<=>?5@ABCD.-6- 12E6=>45FGHIJK*LMNOP............................................-6- 2245HQRSTOP............................................................................-6- 32UVW=;XYZH=>[\Z..........................................................-8- 1]9:^,U_=;XYZ......................................................................-8- 2]UV=;XYZ..................................................................................-10- 3]`a;<=>[\Z............................................................................-11- 4];<bc=>dZe[\fg............................................................-12- 42bchKiKZHjklm................................................................-13- 1]UVbchKHiKGn....................................................................-13- 2]E6UVbcjkHSTOP............................................................-13- 52UVWo=pGnOP.......................................................................-15- 62E6q=>d5rffitOP................................................................-16- u2vwxd5rydz[|ffit]~„ÄÅÇ............................................-17-12vwd5rOP..................................................................................-17- É2Ñ=xUÖÜáàâ/UcÑ\hK|äãåIçQé.............................-19-12E6àÑèêëí..............................................................................-19- 22àìÑhKGnîP...........................................................................-20- 32àìÑiKGnîP...........................................................................-21- 42“ïñ”óòz|Ñ=ôöõêjkOP..............................................-22- ú2ùûü†...................................................................................................-26- 62Ñ¢£é...................................................................................................-27- %&#$ §•1xE6=>45IJK*LMN¶ß®©™y3].-6- §•2x9:^,U_mc¨XYZ¶Ë]......................................................-8- §•3xUVX?mc¨XYZ¶Ë]...........................