Xin Lang Cai Jing·2025-09-17 05:31Core Viewpoint - The recent developments in the new energy vehicle (NEV) sector, particularly in solid-state batteries and supportive policies, are driving significant market optimism and stock price increases among key players in the lithium battery supply chain [1][2][3]. Group 1: Market Trends - The new energy vehicle leading ETF (159637) saw an increase of over 2% in market price, with major stocks like Jingsheng Electronics and Yinlun Co. rising by 10% [1]. - Key players such as CATL and BYD also experienced notable stock price increases, with CATL and Shangtai Technology rising over 7% and BYD increasing by 3.9% [1]. - The market is currently focused on solid-state batteries, with two significant positive developments in the lithium battery supply chain: a 180GW energy storage target and the implementation of a "60-day payment term" for car manufacturers [1]. Group 2: Energy Storage Developments - The National Development and Reform Commission and the National Energy Administration issued a plan aiming for a new energy storage capacity of over 180GW by 2027, requiring an addition of over 85GW in the next two and a half years [2]. - The plan also includes the establishment of a capacity pricing mechanism, recognizing the value of energy storage as a backup power source, which is expected to improve the commercial viability of storage projects and enhance investment returns [2]. Group 3: Supply Chain Improvements - The "60-day payment term" initiative aims to address long-standing payment issues in the supply chain, with 17 major car manufacturers, including BYD and NIO, committing to implement this payment structure [3]. - The demand for power batteries is expected to rise as production schedules increase during the peak season, with CATL's production forecast for the year reaching 750GWh, exceeding market expectations [3]. - As of September 12, 2025, the valuation of the new energy vehicle sector stands at 28.6 times, indicating a potential recovery space of 45% from the average since 2020, suggesting significant upside potential [3]. Group 4: ETF Overview - The new energy vehicle leading ETF (159637) tracks the CSI New Energy Vehicle Index, comprising 50 leading stocks in the NEV supply chain, ensuring no style drift [4]. - The top ten constituent stocks include CATL, Huichuan Technology, BYD, and others, making it an efficient investment tool for tracking the NEV sector [4].