2016 年 12 月 30 日，四部委联合下发《关于调整新能源汽车推广应用财政补贴政策的通知》。我们认为政策落地后，2017 年产量有望达到 70～75 万辆全国 2020 年底 500 万辆保有量规划目标不变，行业快速发展可期。板块已回调数月，后续或迎反弹，建议关注：1）三元锂电渗透率持续提高；2）电池轻量化趋势；3）钴等环节涨价弹性；4）龙头企业竞争优势；以及智慧能源、国轩高科、格林美等标的。

The evolution of smart homes resulted in the installation of integrated and centralized control systems in homes that include: Environmental control systems (air conditioning, heating, and ventilation) Household appliances (washing machines, refrigerators, freezers, and microwaves) Consumer electronics (TV, gaming consoles, and audio-video equipment) Building components (windows and doors) In a connected home, these systems are connected to a computer, tablet, or a smartphone through a wired or a wireless network to enhance remote accessibility. Ubiquitous homes understand the requirements of occupants based on their lifestyle and behavior, and, hence, respond in a particular manner.

Combined cycle gas turbine (CCGT) is a power generation technology that incorporates a gas turbine in conjunction with a steam turbine. A steam turbine is used to supplement the electricity generated from a gas turbine, which is driven by the steam generated from waste heat recovered from the gas turbine exhaust.

Freeze drying is a process that involves the removal of water or other solvents from a frozen product by a phenomenon called sublimation, which occurs when a frozen liquid undergoes a phase change directly to the gaseous phase without passing through the liquid phase. On the contrary, drying at ambient temperatures from the liquid phase generally results in changes in the product, which may suit only certain materials. However, in freeze drying, the material does not go through the liquid phase, and this allows the preparation of a stable product that is easy to use and aesthetic in appearance.

The global vacuum capacitor market is one of the steady growth capacitor markets. Vacuum capacitors are used across a wide range of industries, especially in impedance matching networks for radio-frequency (RF) generators. Semiconductor manufacturing equipment, flat panel display manufacturing, and broadcasting equipment are some of the major application areas of these capacitors. Vacuum variable capacitors contribute a larger share to the revenue of the market as compared to vacuum fixed capacitors. The market will witness large-scale technological advances during the forecast period, owing to the steady demand from the application segments. Vendors are also looking forward to discovering new application areas for their products and design new and advanced products according to the consumer requirements.

The demand for heating appliances is considerably high in most of the North American countries (like the US, Canada, Mexico) owing to the cold weather conditions prevailing in the region. Also, in recent years, it has been noted that the winter season in the region is getting affected by El Niño, which brings in unpredictable weather, flooding, and harsh wet winter. This unpredictable changing weather pattern is a common phenomenon throughout the year and is triggering the demand for hot water, and consequently, heating appliances year-round. A water heater is one such heating appliance that has become a basic necessity in more than 97% households in the US.

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传统制造业普遍比较低迷，一批新兴成长产业已然涌现出来，包括 3C 自动化、智能物流、民参军、无人机、新材料等。3C 自动化行业的关键驱动因素包括：1、全球 3C 产能向转移国内转移，国产化龙头显著受益。2、人力成本逐年攀升，设备自动化率提升。