CITIC Securities: Optimistic about top manufacturers with the ability to go overseas in the energy storage solution market entering the AIDC power distribution solution market.

CITIC Securities research report stated that under the background of domestic policy laying the foundation for energy storage demand expansion, the expectation of price increase is being realized in the high prosperity. The increase in overseas demand in the US and Europe is driving the growth of outbound performance, with multiple markets in Asia, Africa, and Latin America blooming. The reshoring of American manufacturing and the massive grid connection of advanced industrial distributed control bring about a shortage of electricity, amplifying the demand for expanding the American power grid. The passage of the OBBB Act accelerates the release of energy storage demand, and Nvidia's clear AIDC storage solution opens up long-term potential. Chinese energy storage companies are expected to strengthen their global market share and leading position in the industry through their rich project experience, significant cost advantages, and supply chain security capabilities, driving sustained high growth in performance. Based on this, CITIC Securities sees opportunities for leading manufacturers with the capability to provide energy storage solutions for overseas markets to enter the AIDC power distribution solution market, as well as PCS and battery suppliers with leading positions in outbound markets, technology, and brand capabilities.