光伏50ETF（159864）午后涨超3%，产业链景气度多元发展

Core Insights - The power equipment and new energy industry, particularly in the photovoltaic (PV) equipment sector, is benefiting from the high growth in global demand for new energy vehicles and energy storage [1] Industry Summary - Domestic new energy vehicle sales increased by 22% year-on-year in August, while sales in ten European countries rose by 42%, indicating a continuous increase in penetration rates [1] - Domestic energy storage installations saw a year-on-year increase of 58% and a month-on-month increase of 63%. The U.S. market is experiencing short-term fluctuations due to policy adjustments, but long-term economic viability remains positive [1] - The lithium battery supply chain is experiencing a month-on-month production increase of 3%-9% and a year-on-year growth of 21%-50%, driven by strong seasonal demand leading to widespread price increases for materials [1] - Solid-state battery technology is entering a critical engineering phase, with a significant increase in pilot line orders expected by 2025, and demonstration vehicle production anticipated in 2026-2027. The composite electrolyte is expected to achieve mass production by Q4 2025 [1] - The industry inventory cycle is entering a replenishment phase, with improvements in supply-demand dynamics in certain segments, coupled with new technological breakthroughs driving accelerated capital expenditures (capex) and diversified development in the industry [1] Investment Vehicle Summary - The Photovoltaic 50 ETF (159864) tracks the photovoltaic industry index (931151), which selects listed companies involved in silicon materials, battery cells, module manufacturing, and photovoltaic power generation systems to reflect the overall performance of the photovoltaic industry chain [1] - The photovoltaic industry index exhibits high growth potential and technological orientation, effectively reflecting the overall development trends of the photovoltaic sector [1]