Kelly Zou

Kelly Zou is a Jefferies HK analyst with over 15 years of experience in Greater China Industrials, specializing in machinery, automation, power equipment, lithium batteries, and thematic research on energy transition and advanced manufacturing like humanoids and AIDC infra, etc. She joined Jefferies HK in July 2021 after working for China Galaxy International Securities and Macquarie. Since starting her equity research career in 2009, Kelly has constantly been focusing on the Greater China Industrials sector.

What I am Known For

• Broad experience in Greater China industrials and lithium battery sectors, with deep company analysis
• Fast industry news and update coverage
• Regular database maintenance, including monthly checks on lithium battery supply/demand, China charging ecosystem, and power equipment market trends
• Research reports on global grid capex, China’s digital power system, UHV transmission, energy storage/virtual plants, AIDC infra.

How I am Different

• Recommend Harbin Electric and Dongfang Electric from 4Q24 as global power shortages drive demand for thermal, nuclear, and hydro.
• Revisit lithium battery stocks in 4Q24; consider Sunwoda and Eve Energy after 1Q25 on stable prices and better utilization.
• Suggest China-made cooling compressor and circuit breaker stocks (Hanbell, Liangxin) in 3Q25 as global AIDC capex increases.

Upcoming Corporate & Strategic Access

• Regular expert calls on US transformer and tap changer demand
• Idea generation calls with experts or related companies on AIDC infra