As of 10:46 on April 16, 2025, the CSI New Energy Vehicle Industry Index (930997) fell 2.02%. In terms of constituent stocks, Xiamen Tungsten New Energy (688778) led by 0.32%, Pilot Intelligent (300450) rose 0.31%, and Defu Technology (301511) rose 0.15%; Yinlun (002126) led the decline by 4.13%, Shangtai Technology (001301) fell 3.96%, and Ruitai New Materials (301238) fell 3.22%.

New Energy Car ETF (515700) fell 2.07%, with the latest price of 1.51 yuan. In the long run, as of April 15, 2025, the new energy car ETF has risen by 5.82% in the past 1 week, ranking 1/2 of comparable funds.

On the news side, the sales of new energy commercial vehicles increased by nearly 5% in the first quarter, and the sales of new energy commercial vehicles continued to grow, and the penetration rate continued to increase. In the first quarter, the domestic sales of new energy commercial vehicles were 149,000 units, a year-on-year increase of 48.6%.

Domestic sales of new energy commercial vehicles accounted for 18.4% of domestic commercial vehicle sales. In addition, in the first quarter, NEV exports totaled 23,000 units, reflecting a 2.3-fold y/y increase. Exports are growing rapidly. Sales volume was 149,000 units, a year-on-year increase of 48.6%.

According to the plan, the "2030 10,000 piles plan" includes two sectors: passenger cars and commercial vehicles, of which the commercial vehicle sector plans to invest in 1,000 new piles in 2025, invest in construction nationwide, give priority to the layout of high-quality business scenarios, give priority to matching the strategic development needs of GAC commercial vehicles, and coordinate vehicle piles to help GAC Commercial Vehicle's "135" strategy.

Huatai Securities believes that the Shanghai International Auto Show is imminent, focusing on solid-state batteries, battery swapping and other directions.

As of 10:53 on April 16, 2025, the CSI Photovoltaic Industry Index (931151) fell by 1.69%. In terms of constituent stocks, Quartz (603688) led the decline by 7.69%, Kehua Data (002335) fell by 5.48%, Aiko (600732) fell by 3.20%, Shuangliang Energy Conservation (600481) fell by 2.61%, and Crestec (002518) fell by 2.50%.

Photovoltaic ETF Fund (516180) fell 1.67%, with the latest price of 0.53 yuan. In the long run, as of April 15, 2025, photovoltaic ETF funds have risen by 4.06% in the past 1 week, ranking 2/10 of comparable funds.

On the news side, with the rise in temperature, the heat of the photovoltaic industry is also increasing. For example, in the "Provincial Electricity Operation in March 2025" released by the Gansu Provincial Electric Power Department, the data shows that the power generation in Gansu Province reached 21.076 billion kWh, a year-on-year increase of 12.48%. Among them, the photovoltaic power generation capacity was 3.44 billion kWh, accounting for 16.32% of the overall power generation. Such a growth rate undoubtedly shows the good development trend of the photovoltaic industry, which means that photovoltaic power generation plays an increasingly important role in the entire power market.

CICC believes that the operating rate of China's module manufacturers in Southeast Asia was low in Q4 last year, which led to a weakening demand for local photovoltaic glass. In order to cope with the changes in demand, photovoltaic glass manufacturers are actively tapping into the demand of overseas module customers, and the degree of order diversification has further increased. Since January this year, China's photovoltaic glass production capacity in Southeast Asia has achieved full production and full sales. Considering the current growth trend of module production capacity in India, Turkey and other countries, we believe that the demand for PV glass in Southeast Asia is expected to further increase this year.

As of 10:52 on April 16, 2025, the CSI New Materials Theme Index (H30597) fell 1.43%. In terms of constituent stocks, North Huachuang (002371) led by 1.43%, Philip (300395) rose 0.46%, and Tianyue Advanced (688234) rose 0.21%; Beiteri (835185) led the decline by 3.58%, Hunan Yuneng (301358) fell 2.97%, and Shengquan Group (605589) fell 2.93%.

The new materials ETF index fund (516890) fell 1.24%, with the latest price of 0.48 yuan. In the long run, as of April 15, 2025, the new materials ETF index fund has risen by 3.64% in the past 1 week.

In terms of liquidity, the new materials ETF index fund changed hands by 0.34% intraday, with a turnover of 76,400 yuan. In the long run, as of April 15, the average daily turnover of new materials ETF index funds in the past one year was 1.2062 million yuan.

Investors can take advantage of the PV ETF Fund (516180), New Energy Vehicle ETF (515700) and New Materials ETF Index Fund (516890) to grasp investment opportunities in related industries. The CSI New Energy Vehicle Industry Index selects 50 securities of listed companies in the new energy vehicle industry whose business involves new energy vehicles, motor and electronic control, lithium battery equipment, battery cells, battery materials, etc., as the index sample, reflecting the overall performance of the securities of leading listed companies in the new energy vehicle industry.

According to the data, as of March 31, 2025, the top ten weighted stocks of the CSI New Energy Vehicle Industry Index (930997) are BYD (002594), Inovance Technology (300124), CATL (300750), Sanhua Intelligent Control (002050), EVE Lithium Energy (Rights Protection) (300014), Huayou Cobalt (603799), Ganfeng Lithium (002460), GEM (002340), and Tianqi Lithium (002466). ), Hongfa shares (600885), the top ten weighted stocks accounted for 57.98% of the total.

The

PV ETF fund closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 of the most representative securities of listed companies from the securities of listed companies whose main business involves the upstream, midstream and downstream of the photovoltaic industry chain as the index sample to reflect the overall performance of the securities of listed companies in the photovoltaic industry.

According to the data, as of March 31, 2025, the top ten weighted stocks of the CSI Photovoltaic Industry Index (931151) are LONGi Green Energy (601012), Sungrow Power Supply (300274), TCL Technology (000100), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), Chint Electric (601877), Deye (605117), JA Solar Technology (002459), the top 10 weighted stocks together accounted for 55.78%.

The

CSI New Materials ETF Index Fund closely tracks the CSI New Materials Thematic Index, which selects 50 listed companies whose business involves basic materials such as advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and key strategic materials as the index sample to reflect the overall performance of the securities of listed companies with new materials themes.

According to the data, as of March 31, 2025, the top ten weighted stocks of the CSI New Materials Theme Index (H30597) are CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Sanhuan Group (300408), Tongwei (600438), Huayou Cobalt (603799), San'an Optoelectronics (600703), GEM (002340), Baofeng Energy (600989), the top ten weighted stocks accounted for 52.75%.

Related Products:

Photovoltaic ETF Fund (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Category C: 012723);

New Materials ETF Index Fund (516890), New Energy Vehicle ETF (515700), OTC Connect (Ping An CSI New Energy Vehicle ETF Connect A: 012698; Ping An CSI New Energy Vehicle ETF Connect C:012699).