Core Insights - China's new energy vehicle (NEV) production and sales have ranked first globally for ten consecutive years, with a projected global market share of 63.7% in 2024 and an estimated sales volume of approximately 16 million units by 2025, reflecting a compound annual growth rate (CAGR) of about 46.15% during the 14th Five-Year Plan period [1] Industry Overview - The lithium battery industry is expected to reach a scale of 1.2 trillion yuan in 2024, with growth primarily driven by power batteries and energy storage batteries [1] - China's share of the global power battery market is anticipated to increase from 38.35% in 2020 to 68.79% by 2025, while domestic energy storage lithium battery companies are projected to account for over 90% of global shipments [1] Future Outlook - During the 15th Five-Year Plan, the sales growth rate of new energy vehicles is expected to significantly exceed the overall industry growth rate, with a continuous increase in market penetration [1] - Demand for energy storage lithium batteries is forecasted to grow faster than that for power batteries, becoming the primary growth driver [1] - Accelerated technological iteration in lithium batteries and the expansion of application scenarios will contribute to the industry's shift towards a green and low-carbon direction [1] - The construction of a unified large market and the rectification of internal competition will have a profound impact on industry development during the 15th Five-Year Plan [1] Investment Index - The New Energy Vehicle ETF (159806) tracks the CS New Energy Vehicle Index (399976), which selects 50 listed companies involved in lithium batteries, charging piles, and new energy vehicles from the Shanghai and Shenzhen markets, focusing on sectors such as batteries, passenger vehicles, and energy metals to reflect the overall performance of the new energy vehicle industry chain [1]