Core Insights - The consumption of new energy vehicles (NEVs) has officially surpassed traditional fuel vehicles, becoming the dominant force in the domestic automotive market, with a retail penetration rate of 55.2% in August 2025, marking a historical high [1] - The launch of the Jiashi CSI Hong Kong Stock Connect Automotive Industry Theme Fund aims to provide investors with an efficient way to invest in the new energy vehicle sector, particularly in Hong Kong stocks [1] - The Hong Kong Stock Connect Automotive Index, which the fund tracks, includes 50 listed companies involved in the automotive industry, reflecting the overall performance of the sector [1][2] Industry Overview - The Hong Kong Stock Connect Automotive Index covers the entire automotive supply chain, with a significant focus on electric passenger vehicles, which account for 40.7% of the index, and comprehensive passenger vehicles at 17.1%, together exceeding 50% [2] - The index prioritizes larger market capitalization companies, resulting in a high concentration of leading new energy vehicle manufacturers among its top ten constituents, with the top five accounting for approximately 50% of the weight [4] Key Constituents - The top ten constituents of the index include notable companies such as Xpeng Motors (13.92%), BYD (11.13%), and Li Auto (10.59%), indicating a strong representation of new energy vehicle manufacturers [5] Future Outlook - Analysts predict that the automotive sector will experience a comprehensive valuation uplift due to the new cycle of intelligent connected vehicles, with multiple factors such as anti-involution, assisted driving, solid-state batteries, and internationalization driving the new energy sector [6] - The Jiashi CSI Hong Kong Stock Connect Automotive Industry Theme Fund has a low investment threshold of 1 yuan and does not require a stock account, making it easier for investors to access the new energy vehicle market [6]