资源描述
*EV 1666 2024 07 26*1 6 6 100.3 104.9 28.1%30.1%6.7%9.84%41.1%6 98.2 29.0%9.5%6 45.3%11.5pcts 6 85.6 28.6%6.4%6 48.4%13.5pcts 6 30.2%7.3%6 84.5GWh 2.2%28.7%6 42.8GWh 30.2%7.3%6 31.7GWh 39.3%7.4%74.0%6 11.1GWh 10.2%7.3%25.9%6 19.05GWh 45.06%6 10.70GWh 25.32%TOP3 6 3.10GWh,7.32%TOP3 77.7%24 6 312.2 5 7.2 23 7 24 6 8.1 24 1-6 164.7 494.4 1 3 24 6 45.6 5 4.2 54.1%10.0%TOP10 24 6 1024.3 54.0%312.2 45.3%712.2 58.2%XVEVvMrMpMqRsMmPnQtMpOaQaO7NnPnNnPsOiNqQqPjMoNpPaQnNuNwMmMyQwMsRsN*2 1 a b c d e 2 4680 4680 210Wh/kg 91 270Wh/kg a b c LIFSI 3 2-3 a b c 4 a b 1 2*C O N T E N T S6 30.2%7.3%02036 01 04130405 Lnvhn0MU3S+u7/w42GmZQknPyPSCGvG90wyKf2tEx5v5FcJ5/RcNEXp8jyOSp+cj*6 01.4*3 2024 6 250 6 250.7 255.2 2.1%2.7%5.7%5.6%6 100.3 104.9 28.1%30.1%6.7%9.84%41.1%24 24 24 3 5 01 6 5 1 23-24 6 2 23-24 6-100%-80%-60%-40%-20%0%20%40%60%80%100%120%140%010000020000030000040000050000060000070000080000090000010000001100000120000013000001 2 3 4 5 6 7 8 9 10 11 12 2023 2024 2023 2024 2023 2024-100%-80%-60%-40%-20%0%20%40%60%80%100%120%140%010000020000030000040000050000060000070000080000090000010000001100000120000013000001 2 3 4 5 6 7 8 9 10 11 12 2023 2024 2023 2024 2023 2024*3 6 6 98.2 29.0%9.5%6 45.3%23 6 33.8%11.5pcts 24 5 44.2%1.1pcts 6 60.7%34.4%6 85.6 28.6%6.4%6 48.4%23 6 34.9%13.5pcts 24 5 47.0%1.4pcts 6 72.5%29.8%24 6 016 3 2024 6%4 2024 6%6 0%20%40%60%1 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 2024 0%20%40%60%1 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 2024*3017 5 23-24 6 6 23-24 6%6 6 58.0 6.4%61.2 7.4%6 42.2 77.4%43.6 85.1%6 58.3%6 41.6%-40%0%40%80%120%160%01000002000003000004000005000006000007000008000009000001 2 3 4 5 6 7 8 9 10 11 12 2023 2024 2023 2024 2023 2024 2023 2024 0%20%40%60%80%0%20%40%60%80%100%1 2 3 4 5 6 7 8 9 10 11 12 2023 2023 2024 2024*3018 7 2024 6%8 19-23 24 1-6%6 A0 B 6 55.9 5.6%5.3%6 30.8 73%12%6 B 21.8 37%39%A00+A0 A00 9.4 14%15%17%A0 11.8 21%A 10.8 19%B 17%21%19%39%4%A00A0ABC0%20%40%60%AOO AO A B C2019 2020 2021 2022 2023 年 24 年1-6 月*3019 9 24 6 6 6 19.1%6.3 34.4%7.4%0100002000030000400005000060000*30110 10 24 6 11 24 6 6 24 6 280095 21.1%32.7%63530 90.5%19 3 6 90.4%88.8%82.7%050000100000150000200000250000300000050000100000150000200000250000300000350000400000*3 24 6 17-7-9 E Lumin e NS2 V V9 Model 3-008 S5 FREE G318 LEVC-L380 01 L C16 2024 0111 6 1 2024 6-7 B SUV S5 B-9 C SUV FREE C SUV E C G318 C SUV Lumin A00 LEVC-L380 C MPV e NS2 A SUV C MPV V 01 C SUV V9 C MPV L B/SUVModel 3 B C16 C/SUV-C/*3 2025 1379 CAGR 40.7%2021-2022 2023 950 2024 1-6 462.0 2025 1379 21-25 CAGR 40.7%44%0112 12 13%0%20%40%60%80%100%120%140%160%180%020040060080010001200140016002020 2021 2022 2023 2024E 2025E国内新能车销量（万辆）国内新能车销量增速0%5%10%15%20%25%30%35%40%45%020040060080010001200140016002020 2021 2022 2023 2024E 2025E国内新能车销量（万辆）渗透率6*6 30.2%7.3%02.13*3 6 84.5GWh 2.2%28.7%24 1-6 430.0GWh 36.9%2024 6 42.8GWh 30.2%7.3%24 1-6 203.3GWh,33.7%62.3GWh 30.6%29.7%141.0GWh 69.3%35.7%6 026 30.2%7.3%14 14 23-24 6 MWh 15 23-24 6 MWh-150%-130%-110%-90%-70%-50%-30%-10%10%30%50%70%90%01000020000300004000050000600001 2 3 4 5 6 7 8 9 10 11 12 2023 2024 2023 2023 2024 2024-150%-100%-50%0%50%100%150%01000020000300004000050000600001 2 3 4 5 6 7 8 9 10 11 12 2023 2024 2023 2023 2024 2024*3 24 6 TOP1 24 6 TOP2 2024 6 TOP15 42.10GWh 99.53%19.05GWh 45.06%6 10.70GWh 25.32%5 TOP3 6 3.10GWh 7.32%TOP3 77.7%5 79.5%1.8 pct 1 6 50 2 0215 16 2024 6 TOP15 6 30.2%7.3%45.06%25.32%7.32%3.99%3.46%3.07%2.76%2.64%2.16%1.34%LG*3 20 3 2021 7 50%24 6 20.5GWh 24.3%15.0%6.9%6 63.8GWh 75.5%33.9%5.4%11.1GWh 25.9%10.2%7.3%31.7GWh 74.0%39.3%7.4%0216 17 23-24 6 MWh 18 23-24 6 MWh 6 30.2%7.3%0%20%40%60%80%0100002000030000400005000060000700002023/012023/022023/032023/042023/052023/062023/072023/082023/092023/102023/112023/122024/012024/022024/032024/042024/052024/06 0%20%40%60%80%050001000015000200002500030000350002023/012023/022023/032023/042023/052023/062023/072023/082023/092023/102023/112023/122024/012024/022024/032024/042024/052024/06*3 NCM NCA 0217 mAh/g 130-140 150-220 140-150 100-120 2 Model 3 Model 3 Model Y Power Day-2021 10 6 30.2%7.3%*3 2024 1-5 285.4GWh 23%2024 1-5 TOP10 261.1GWh 91.5%6 64.5%TOP1 2024 1-5 107.0GWh 37.5%2024 1-5 44.9GWh 15.7%3 22.3%0218 19 2024 1-5 GWh SNE 6 30.2%7.3%0%5%10%15%20%25%30%35%40%0.020.040.060.080.0100.0 LG SK on SDI%*3 2025 731GWh 20-25 63%2025 1190GWh 20-25 54%0219 20 2020-2025 GWh 21 2020-2025 GWh 6315532044856373101002003004005006007008002020 2021 2022 2023 2024E 2025E137297506702906119002004006008001000120014002020 2021 2022 2023 2024E 2025E6 30.2%7.3%*03.20*3 1 3 24 1-6 164.7 494.4 1 3 24 6 24 5 7.2 45.3%24 6 312.2 139.2 173.0 2023 7 2024 6 8.1 03 21 22 21-24 6 23 21-24 6 KWh EVCIPA EVCIPA 0%1%2%3%4%5%6%7%8%9%10%05000001000000150000020000002500000300000035000002021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092022/112023/012023/032023/052023/072023/092023/112024/012024/032024/05 0%50%100%150%200%250%300%350%0501001502002503003504004505002021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092022/112023/012023/032023/052023/072023/092023/112024/012024/032024/05*3 EVCIPA 24 6 TOP10 69.6%5 6 TOP10 24 6 595573 6 24 6 45.6 4.2 54.1%10.0%24 6 9.52 KWh 03 22 24 2024 6 TOP10 25 2024 6 TOP10 KWh EVCIPA EVCIPA010203040506070 0100002000030000400005000060000700008000090000100000*3 24 6 3772 24 5 21 24 6 TOP10 458 12.14%439 11.64%TOP3 376 9.97%TOP3 33.75%6 TOP2 6 2442 24 5 7 707 24 5 334 24 5 12 03 23 26 24 6 TOP10(27 24 6 EVCIPA EVCIPA 0%4%8%12%16%050100150200250300350400450500 050010001500200025003000*3 2024 1-6+164.7 14.2%39.6 12.7%125.2 14.7%24 6 1024.3 54.0%312.2 45.3%712.2 58.2%03 24 28 24 6 EVCIPA 312.2712.2*04.25*3 2024 4680 CTB 24 1149 1 2 4680 4680 210 Wh/kg 91 270Wh/kg LiFSI 3 2-3 4 0426*05.27*30528 1 2*THANKS 29 8 1 5F 200120 28 A 19 100005 6001 32 05:518026 S0100521100006 S0100523050004 S0100523120002 S0100524070007 S0100524070001 S0100522120001 S0100524050002 S0100524010003 S0100123020010 S0100123030035 29*12 A 300 500 15%5%15%-5%5%5%5%-5%5%5%*1430
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