战略聚焦“陆海空互联”、盈利弹性持续释放，申万宏源研究首次覆盖正力新能(3677.HK)并予“买入”评级

格隆汇2025-12-30

格隆汇12月30日｜申万宏源研究发研报指，目前锂电下游动力侧新能源乘用车逐步普及，储能侧迎来光储平价的建设爆发期。正力新能(3677.HK)作为锂电行业领军公司，在不断提升行业份额的同时有望充分受益于自身精益制造的价值创造。目前公司在动力领域不断开拓新客户新车型，储能电芯放量在即，未来动储电芯出货放量后规模效应有望逐步彰显。首次覆盖正力新能并给予“买入”评级。申万宏源指出，公司自2019年成立...

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