新能源车ETF（159806）涨近0.6%，行业需求回暖与补贴退坡引关注

Core Viewpoint - The new energy vehicle (NEV) industry is facing challenges due to the suspension of local trade-in subsidy policies, prompting a recommendation to continue investing in stable profit sectors like lithium batteries and structural components, while increasing focus on new directions such as solid-state batteries [1] Industry Summary - In May, China's power battery installation volume reached 57.1 GWh, marking a year-on-year increase of 43.1%, with lithium iron phosphate batteries accounting for 81.6% of the total [1] - The spot price of lithium carbonate has slightly increased to 60,650 CNY per ton, although market transactions remain sluggish; prices for ternary materials continue to decline, while prices for separators and electrolytes remain stable [1] - The industry risks include slower-than-expected development of NEVs, potential disruptive technological breakthroughs, insufficient capacity expansion, and fluctuations in raw material prices [1] ETF and Index Information - The New Energy Vehicle ETF (159806) tracks the CS New Energy Vehicle Index (399976), which is compiled by China Securities Index Co., Ltd. and focuses on A-share listed companies within the NEV industry chain [1] - The index constituents cover key areas such as lithium batteries, motors, electronic controls, and vehicle manufacturing, providing a comprehensive reflection of the overall performance of the NEV industry [1] - The industry allocation is highly concentrated in NEV-related manufacturing, with an overall growth-oriented investment style [1]