碳中和50ETF（159861）盘中涨超1.1%，能源与电池技术进展推动行业景气

Group 1 - The core viewpoint is that the demand for lithium batteries is expected to maintain a high growth trend, with a projected year-on-year growth rate of 26% by 2026, driven by factors such as the electrification transformation of car manufacturers in Europe and the improvement of economic viability in the energy storage battery sector due to new policies [1] - The supply side of lithium battery materials is undergoing optimization, with previous capacity expansions and low-price competition leading to pressure on corporate profits and high debt ratios, resulting in a significant weakening of expansion capabilities and intentions, with no large-scale expansion plans expected by 2025 [1] - The industry is experiencing a tightening supply-demand balance, supported by the exit of tail-end capacities and increased environmental and energy consumption requirements, which raise industry entry barriers and enhance rigid constraints on the supply side [1] Group 2 - Technological iterations such as high-voltage lithium iron phosphate and ultra-thin separators are further driving industry reshuffling, leading to a concentration of orders among leading companies [1] - The Carbon Neutrality 50 ETF tracks the Environmental Protection 50 Index, which selects listed companies involved in clean energy, pollution prevention, and resource recycling from the Chinese A-share market to reflect the overall performance and development trends of securities in the green economy sector [1]