BOC International: Lithium battery industry production schedule increased in December, focus on the adjusted configuration of the lithium battery sector

The Zhitong Finance App learned that BOC International released a research report saying that in November, mainland power battery loading continued to grow, and exports remained steady. According to data from the China Automobile Power Battery Industry Innovation Alliance, in November 2025, the mainland's power battery load volume was 93.5 GWh, up 39.2% year on year and 11.2% month on month.

According to the bank, the battery production schedule continued to grow month-on-month in December, and it is recommended to focus on the recently adjusted configuration opportunities in the lithium battery sector. According to the December industrial chain pre-production data released by Xinyi Lithium Battery, the planned battery output of the mainland sample company was 148.8 GWh, an increase of 2.3% over the previous month; the planned output of the overseas sample company was 23.8 GWh, down 2.6% from the previous month. The bank said that the current fundamentals of the industry are steady, production schedules continue to rise, and the sector's phased correction may provide a window for layout. In terms of individual stocks, the bank suggests focusing on the Ningde era (03750), which has cost and technical advantages and a leading overseas layout.