新能源车ETF（159806）盘中迎净流入！“反内卷”背景下新能源车盈利有望修复

Group 1 - The core viewpoint of the article highlights a positive trend in the new energy vehicle (NEV) sector, with significant net inflows into the NEV ETF (159806) and expectations for profit recovery amid a "de-involution" backdrop [1] - In July, wholesale sales of electric vehicles reached 1.18 million units, representing a year-on-year increase of 25% and a month-on-month decrease of 5%, with a penetration rate of 53.2%, up 5.4 percentage points year-on-year and 3.7 percentage points month-on-month [1] - The share of domestic car manufacturers in wholesale sales was 1.58 million units in July, a year-on-year increase of 21% and a month-on-month decrease of 5%, with a domestic market share of 71%, marking a record high [1] Group 2 - The article maintains that the risk of a severe "price war" in the industry remains low, with expectations for company profitability to remain at a good level [1] - The Central Financial Committee's sixth meeting on July 1 emphasized the need to focus on key challenges, regulate low-price disorderly competition, enhance product quality, and facilitate the orderly exit of outdated production capacity [1] - The trend of price wars in the automotive sector is expected to be suppressed under the "de-involution" trend [1] Group 3 - The NEV ETF (159806) tracks the CS New Energy Vehicle Index (399976), which is compiled by China Securities Index Co., Ltd., focusing on A-share listed companies in the new energy vehicle industry chain [2] - The index includes key sectors such as lithium batteries, electric motors, electronic controls, and vehicle manufacturing, reflecting the overall performance of the new energy vehicle industry [2] - The industry configuration is highly concentrated in the new energy vehicle manufacturing sector, with a growth-oriented style [2]