In April, the new energy vehicle market saw a remarkable 90.5 million units sold, which represents a 33.9% increase compared to the previous year. The New Energy Vehicle ETF (515700) rose by 1%, while the ETF Basic Index (516180) increased by 1.4%.
As of May 12, 2025, at 10:03 AM, the New Energy Vehicle Industry Index (930997) showed a strong performance, climbing by 1.22%. Notable stocks included Wuling Motors (002126), which rose by 4.19%, and Geely New Energy (688778), which increased by 4.08%. Other notable performers were Sanhua Intelligent Control (002050), up 3.87%, and Sunwoda Electronic (600699).
The New Energy Vehicle ETF (515700) was up 1.23% with the latest price reported at 1.65 CNY. Notably, from May 9, 2025, the ETF accumulated a total increase of 2.52% over the past week, outperforming the basic index by a ratio of 1/2.
According to data released for April, the new energy vehicle market’s sales reached 90.5 million units, which is a 33.9% increase year-over-year, while the market share for new energy vehicles in the overall automobile sector was 51.5%, reflecting a 7% increase compared to the same period last year.
Industry experts suggest that the market continues to display robust growth. The potential for electric vehicles to replace traditional vehicles is becoming increasingly evident, and the average selling price (ASP) is expected to remain stable.
On May 12, 2025, at 09:50 AM, the ETF Basic Index (931151) rose by 1.83%, with Hengfeng Electric (300274) gaining 6.46% and Delong Electric (605117) increasing by 4.22%.
As for the ETF Basic Index (516180), it rose by 1.47%, with the latest price reported at 0.55 CNY. By May 9, 2025, the ETF accumulated a total increase of 2.84% over the past week, outperforming the basic index by a ratio of 1/10.
In terms of liquidity, the ETF Basic Index recorded a trading volume of 80 million CNY. As of May 9, 2025, the ETF Basic Index had a market capitalization of 1.11 billion CNY, marking a new high for the past month.
According to reports from the China Construction Bank, forecasts for the 2024-2025 fiscal year indicate that the performance of the New Energy Vehicle Sector is likely to rebound significantly. However, current projections suggest that the performance of the sector may have already peaked, reflecting market conditions that have changed significantly.
As of May 12, 2025, the New Energy Vehicle Index (H30597) reported an increase of 1.11%, with notable stocks such as Hengfeng Electric (300274), TCL Technology (000100), and Sunwoda Electronic (600699) contributing to the overall growth.
The New Energy Vehicle ETF (516890) recorded a 0.60% increase, with the latest price reported at 0.5 CNY. On May 9, 2025, the ETF accumulated a total increase of 2.27% over the past week, outperforming the basic index by a ratio of 1/7.
Overall, the new energy vehicle industry continues to thrive, with significant investments and technological advancements driving future growth.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/april-electric-vehicle-sales-surge-to-90-5-million-marking-a-33-9-increase-with-etfs-showing-positive-trends/
