Core Viewpoint - The renewable energy sector has experienced a significant rebound since mid-2025 after a three-year decline, driven by policy, demand, and technological advancements [1][2][3] Group 1: Market Performance - The Wande New Energy Index saw a 60% decline from its peak in October 2021 to its lowest point in April 2025, but has recently shown signs of bottoming out and recovery [1] - The recent rally in the renewable energy sector is characterized by a broad-based surge across key sub-sectors such as photovoltaics, lithium batteries, and energy storage [1][2] Group 2: Demand Drivers - The primary demand for renewable energy comes from the electric vehicle sector, which has maintained strong sales due to new model releases and upgraded trade-in policies [2] - The energy storage sector is also experiencing growth, transitioning from policy-driven demand to economically driven demand, aided by declining costs and technological advancements [2] Group 3: Future Outlook - Despite recent fluctuations due to U.S.-China trade tensions, the renewable energy sector is expected to continue its upward trajectory, supported by policy benefits and improving supply-demand dynamics [3] - The current valuation of the renewable energy sector remains relatively low compared to historical levels, indicating potential for growth as performance improves [3]