每經(jing)(jing)AI快訊， 中信(xin)證券指出，4680電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)具備高能(neng)(neng)量密度、高充放電(dian)(dian)(dian)(dian)(dian)(dian)(dian)功率(lv)、低成(cheng)本的(de)優點，是特斯拉引領的(de)新一代圓(yuan)柱(zhu)電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)，未來有(you)望(wang)成(cheng)為(wei)(wei)圓(yuan)柱(zhu)動力電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)標(biao)準型號。我們預計到2025年，4680動力電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)需求(qiu)超過100GWh，對應4680電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)結(jie)構件需求(qiu)為(wei)(wei)37億元。4680與方(fang)形電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)結(jie)構件差別較大，與2170電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)結(jie)構件相近，但結(jie)構上有(you)升級變化(hua)，殼體(ti)和蓋帽價值(zhi)量重新分布，整體(ti)價值(zhi)量持平。我們認為(wei)(wei)具備2170電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)結(jie)構件生產經(jing)(jing)驗(yan)、與下游(you)大客戶具備長(chang)期深度合作關(guan)系的(de)企業(ye)能(neng)(neng)率(lv)先突破4680電(dian)(dian)(dian)(dian)(dian)(dian)(dian)池(chi)(chi)結(jie)構件工藝(yi)，完成(cheng)客戶驗(yan)證，享受行業(ye)增(zeng)速紅利期。