全文可编辑-新能源行业投资策略分析报告：锂电池，新能源汽车，周期利润现金，科技估值出海，储能.pptxVIP

????

4

5

6

7

8

50403020100160%140%120%100%80%60%40%20%0%新增装机同比202020212022202320242025E2026E5004003002001000160%140%120%100%80%60%40%20%0%储能装机同比201720182019202020212022202320242025E2026E9

10

12

2001501005060%40%20%0%重卡销量yoy-20%-40%-60%0201320142015201620172018201920202021202220232024202513

5040302010080%60%40%20%0%1816141210880%60%40%20%0%新能源汽车销量yoy新能源汽车销量yoy6-20%-40%-60%4-20%-40%2014

35302520151051000%800%600%400%200%0%新能源汽车出口当月同比累计同比0-200%2502001501005080%70%60%50%40%30%20%10%0%全球新能源汽车销量yoy015

52025环节20192020202120222023202420252018~2020CAGR平均2020~2022CAGR平均2022~2024CAGR平均2