锂电产业链维持高景气度，关注新能源车ETF(159806)

Core Insights - The lithium battery industry chain maintains a high level of prosperity as of November 17, with active performance across various segments including separators, cathode materials, and electrolytes [1] - Lithium carbonate futures reached a new high of 95,200 yuan/ton, marking the highest level since July 2024, driven by predictions of a significant increase in demand [1] - The global lithium carbonate supply capacity is projected to exceed 1.7 million tons by 2025, while demand is estimated at around 1.55 million tons, indicating a potential supply surplus that previously suppressed prices [1] Industry Performance - The demand side shows strong performance, with both power and energy storage batteries experiencing robust demand, leading to a rapid decline in energy storage cell inventories [2] - The new energy vehicle market also remains vibrant, with wholesale sales of new energy passenger vehicles reaching 1.621 million units in October, a year-on-year increase of 18.5% and a month-on-month increase of 8.5% [2] - The lithium battery industry chain's production in November is expected to reach a historical high of 209 GWh, supported by high-capacity operations across lithium battery companies [2] Market Dynamics - The lithium battery sector is experiencing a simultaneous increase in both volume and price due to high demand, with the sector's valuation and performance being supported by the dual drivers of energy storage and new energy vehicles [2] - The lithium battery index is currently at a historical low valuation of 37.87%, indicating potential for recovery [2] - Recommendations are made to pay attention to the new energy vehicle ETF (159806) to capitalize on these opportunities [2]