Xin Lang Cai Jing·2025-08-19 02:38Group 1 - The global sales of new energy vehicles (NEV), including battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hydrogen fuel cell vehicles, are projected to reach 4.868 million units in Q2 2025, representing a 30% year-on-year growth. Including hybrid electric vehicles (HEV), total EV sales are expected to hit 6.456 million units, accounting for 29% of total global automobile sales [1] - CITIC Securities expresses a strong positive outlook on the configuration value of core battery assets in China. In the short term, battery prices are stabilizing due to ongoing supply-demand improvements, with lower upstream raw material costs and increased operating rates contributing to additional profit elasticity. The battery sector's performance is expected to exceed expectations [1] - In the medium to long term, the trend of supply-demand improvement remains clear, with electrification of commercial vehicles, AI data centers, and overseas markets likely to bring excess growth to leading companies. Chinese battery core assets are significantly more advantageous in valuation compared to Japanese and Korean companies [1] Group 2 - The CSI New Energy Vehicle Industry Index, which the New Energy Vehicle ETF closely tracks, selects 50 listed companies involved in various aspects of the new energy vehicle industry, reflecting the overall performance of leading companies in this sector [1] - As of July 31, 2025, the top ten weighted stocks in the CSI New Energy Vehicle Industry Index account for 55.33% of the index. These stocks include CATL, Huichuan Technology, BYD, Changan Automobile, and others [2] - The New Energy Vehicle ETF has several off-market connection options, including Ping An CSI New Energy Vehicle ETF Initiated Connection A, C, and E [2]