电力设备行业板块上周电力设备行业板块下跌 2.74%，同期沪深 300 指数下跌 0.31%，电力设备行业相对沪深 300 指数跑输 2.43 个百分点。电力设备行业上周涨跌幅在中信 29 个板块中位列第 14，总体表现较弱。从估值来看，电力设备行业整体当前仍处于历史中位，保持在 55 倍水平，估值仍在合理范围。

新能车第三批推广目录落地，看好龙头企业扩大市场份额。4月1日，工信部公布了第三批《新能源汽车推广应用推荐车型目录》，本批目录共包含 634 款车型，其中，新能源客车 454 款、专用车 142款、乘用车 38 款。我们前期提示，目前补贴命令要求，非个人用户购买的新能源汽车申请补贴需要累计行驶里程达到 3 万公里，有望进一步促进新能源汽车产销目标提前释放。3 月底，财政部、工信部、科技部、发改委下发了《关于开展 2016 年度新能源汽车补贴资金清算工作的通知》，对于非个人用户购买的新能源汽车申请补贴，通知要求累计行驶里程须达到 3 万公里，目前行驶里程尚不达标的新能源汽车，应于达标后申请补贴。 我们维持前期的逻辑判断，认为“ 3 万公里”的要求有望推动销售提前，今年的新能源汽车需求转向乐观，看好产业链供求紧张环节的投资机会（铜箔、氢氧化锂），同时认准龙头企业继续扩大市场份额，重点推荐杉杉股份，关注推荐国轩高科、大洋电机、坚瑞沃能。

2016 年对于持续壮大的中国汽车市场可谓是如火如荼，豪华汽车市场更是以全线平均 18%的增长率引人瞩目。而第一阵营最耀眼的当属奔驰汽车，奔驰中国在 2016年交上同比增长了 26.6%的满意答卷，全年销售新车 47.2 万辆。而同为豪华第一阵营的宝马汽车也不甘示弱，虽然相较于奔驰增长稍弱，同比只有 11.3%，但是 51.6 万辆的销量首次突破 50 万辆大关。

电力设备和新能源板块下跌 2.74%，锂电池指数下跌1.42%，光伏板块下跌 1.53%，二次设备下跌 1.84%，一次设备下跌 3.06%，核电板块下跌 3.23%，发电设备下跌 3.49%，新能源汽车指数下跌 3.64%，风电板块下跌 4.46%，工控自动化下跌 4.94%。

An electric vehicle is powered by an electric motor for propulsion. An electric vehicle uses a battery to store energy, which is supplied to the electric motor through a controller. The controller regulates the energy flow from battery to electric motor based on the power requirement.

Over the past decade, the automotive industry has been undergoing structural changes in terms of electrification of automotive mechanism, engine downsizing, emission regulations, enhancing safety features, and vehicle connectivity to produce vehicles that are safer and more efficient. Despite significant progress made in terms of safety, on-road accidents and collision rates remain high. This has led to the R&D of some of the most advanced life-saving systems and technologies such as driver state monitoring systems in the automotive industry.

The continuous demand placed on emission performance by governments of different countries by means of strict emission standards would require commercial cars to adopt advanced technologies such as EGR, DPF, and SCR to regulate NOx emission levels.The predominance of diesel engines in medium and heavy duty commercial engines is a major driving factor for the SCR market since SCR is primarily installed in diesel engines for controlling NOx emissions.Light commercial vehicles have the highest volume of SCR globally since they outnumber the medium and heavy commercial vehicles by a heavy margin.The increase in the transportation of freight and renewal of aging fleets in the US,China, and India will drive the market for SCR in heavy commercial vehicles.Promotion of alternative fuels and hybrid commercial vehicles by local government bodies in a bid to support green transportation will act as an impediment to the growth of SCR market.This report covers the present scenario and the future prospects of the global selective catalytic reduction (SCR) market for diesel commercial vehicles for 2016-2020.

The tire pressure monitoring systems (TPMS) is one such feature among the advanced driver assistance systems (ADAS) suite that has seen wide and rapid penetration as compared with any other systems. This can be attributed to the strong regulatory push and declining cost of technology fueling its widespread adoption.The growing popularity of TPMS among fleet managers is a key trend observed,leading to large-scale opportunity in the commercial vehicle space. The increased emphasis on preventive maintenance is an effort to optimize the total cost of ownership among fleet managers, which will fuel the segment's growth. In terms of passenger cars, we expect this technology to hit high volume entry level cars by the end of forecast period.Currently, the US and Europe hold the highest volume for TPMS due to the implementation of mandates about a decade ago. We expect strong growth to stem from Asia-Pacific (APAC) as regulations toward TPMS would be implemented during the forecast period.

While driving a vehicle, braking is a mandatory operation that is needed to control the vehicle. Whenever an emergency road situation is encountered, braking is one of the foremost and primary operations that the driver needs to perform. How soon the vehicle can be stopped or how soon it responds to the application of the brakes will depend on the intensity of the pressure applied on the brakes. Mere pressing of the brake pedals may not prevent the entire accident. This is so because, as in many cases, the driver may not press the brakes hard enough to stop the vehicle or even not brake at all as in some cases. There are different road-side driving conditions such as off-highway conditions, city traffic among others that have led to the evolution of the different automotive braking systems. This has led to the development of anti-lock braking systems, autonomous braking systems, and advanced emergency braking systems among others.

The major demand for ultrasonic non-destructive testing (NDT) equipment is expected to arise from the automotive, transportation, and power generation sectors, due to the increasing use of ultrasonic technology to maintain high-quality standards.APAC is expected to account for the highest market share in the global ultrasonic NDT equipment market. The region is expected to achieve this position mainly because of the growth in the infrastructure and power sectors in the region.The rise in air traffic has led to an increase in the demand for aircraft especially from emerging economies such as China, India, and Indonesia. Aircraft are tested using ultrasonic NDT equipment to assure safety and maintain the quality standards. Therefore, the growth in demand for aircraft is expected to propel the demand for ultrasonic NDT equipment.This report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for the period 2015-2020.