The New Energy ETF (588830) has shown an increase of 1%, reflecting the growing interest in clean energy investments.
As of May 16, 2025, 10:22 AM, the ETF has risen by 1.06%, while another related index, the New Energy Index (000692.SH), has increased by 1.13%. Among the primary constituents, stocks such as Albemarle have surged by 2.13%, while LONGi Green Energy saw an impressive rise of 3.20%. Other notable gains include high-performance stocks, which rose by 4.06%, and large-scale energy companies, which increased by 1.34%.
According to data from the China Association of Automobile Manufacturers, the total production of power batteries in April reached 54.1 GWh, marking a substantial increase of 52.8% year-on-year. Notably, the production of lithium iron phosphate batteries surged by 75.9%, indicating a strong market demand.
Furthermore, it is reported that the U.S. electric vehicle market has seen a significant boost, particularly in exports of battery components and energy storage systems, which are crucial for advancing energy transition efforts. The demand for new energy products continues to rise, supported by favorable policy changes.
In terms of market performance, the New Energy ETF (588830) includes major players like CATL (A-share 023075, C-share 023076, I-share 024157), as well as LONGi Green Energy (688223), JinkoSolar (688116), and Trina Solar (688599). This diverse range of companies demonstrates the ETF’s focus on the expanding new energy sector.
For those interested in monitoring the performance of the New Energy ETF and its underlying assets, you can find detailed financial reports and updates on the Sina Finance app, which provides the latest insights and data analysis.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/new-energy-source-etf-surges-1-as-key-holdings-in-electric-vehicle-sector-gain-momentum/
