THXN(SZ:300390) Mei Ri Jing Ji Xin Wen·2025-11-17 03:45Core Viewpoint - The A-share market experienced a collective decline, while the new energy sector, particularly lithium battery stocks, showed strong performance, indicating potential investment opportunities in this area [1][2]. Group 1: Market Performance - The three major A-share indices opened lower on November 17, with the ChiNext New Energy ETF (159368) experiencing a maximum increase of 0.64% [1]. - The lithium battery sector performed robustly, with Tianhua New Energy surging over 16% to reach a historical high, and other companies like Defang Nano, Penghui Energy, and others also showing gains [1]. Group 2: Company Developments - On November 16, Rongbai Technology announced a sodium battery cooperation agreement with CATL, designating Rongbai as the primary supplier of sodium battery cathode materials, with a commitment for annual procurement of at least 60% of the total volume [1]. - The agreement is valid until the end of 2029 and will automatically renew unless disputed, marking an upgrade in collaboration from ternary lithium batteries to sodium batteries [1]. Group 3: Industry Insights - According to Wukuang Securities, sodium-ion batteries possess theoretical high-rate and good low-temperature performance advantages, indicating potential market space in specific applications such as start-stop power sources and in northern low-temperature regions [2]. - The ChiNext New Energy ETF (159368) is the largest ETF tracking the ChiNext New Energy Index, which encompasses various sectors including batteries and photovoltaics, with a significant focus on storage and solid-state batteries [2].