BYD shares rose over 3% during trading, reaching a new all-time high. Additionally, CATL and NIO have established a strategic collaboration for battery swapping. The New Energy Vehicle ETF (516390) increased by nearly 1% as of March 19, 2025, at 11:38 AM.
As of 11:21 AM on the same day, the CSI New Energy Vehicle Industry Index (930997) rose by 0.85%. Notable component stocks included Fulian Precision (300432), which climbed 4.96%; CATL (300750), up 3.69%; Yiwei Lithium Energy (300014), increasing by 3.44%; Xingyuan Material (300568), gaining 3.32%; and BYD (002594), which rose 3.08%. The New Energy Vehicle ETF (516390) saw an increase of 0.82%, with the latest price at 0.74 yuan and a trading volume reaching 9.5763 million yuan, resulting in a turnover rate of 2.53%.
Looking at a longer timeframe, the New Energy Vehicle ETF has accumulated a rise of 0.55% over the past two weeks as of March 18, 2025. In terms of scale, the ETF experienced a significant growth of 50.98 million yuan over the last six months, placing it among the top half of comparable funds.
Huatai Securities highlighted that on March 17, BYD launched its “Super e-Platform,” becoming the world’s first mass-produced passenger vehicle platform with a 1000V high voltage system. The company also introduced its megawatt fast-charging technology, which reduces battery internal resistance by 50% and allows for a maximum charging current of 1000A, achieving a charging rate of up to 10C—enabling a 2-kilometer range with just one second of charging. This technology likely requires an integrated upgrade of battery, vehicle, and charging station technologies, resulting in increased demand for carbon-coated materials, thin coating equipment, silicon carbide, high-voltage protective components, and liquid-cooled fast-charging stations. The introduction of this new technology not only enhances BYD’s competitive edge but is also expected to set a benchmark, further propelling the high-voltage fast-charging industry.
On the same day, CATL and NIO signed a strategic cooperation agreement. Under this agreement, both parties will leverage their respective technological, managerial, platform, and brand resources to establish the world’s largest and most advanced battery swapping service network for passenger vehicles. In line with the national development strategy for new energy vehicles, they will deepen the sharing of battery swapping networks based on unified battery standards, promoting the widespread adoption and upgrade of battery swapping services. The collaboration will adopt a “dual network parallel” model, providing a more convenient and efficient battery swapping experience for users, thereby enhancing the ease of pure electric travel.
It is worth noting that the New Energy Vehicle ETF (516390) is the market’s lowest fee new energy theme ETF, with a management fee of 0.15% and a custody fee of 0.05%. This fee structure is significantly cheaper compared to the mainstream market rates of a 0.5% management fee and a 0.1% custody fee. For investors optimistic about the new energy sector in the long term, the New Energy Vehicle ETF (516390) and New Energy Vehicle LOF (A: 501057; C: 501058) represent efficient investment tools that cover the entire supply chain, including vehicles and batteries.
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