Opportunities in the New Energy Sector
We maintain a positive outlook on high-quality companies within the electric vehicle supply chain.
According to reports from CCTV News, the China Electric Vehicle 100 Forum serves as a third-party think tank in the field of new energy vehicles in China. The 2025 China Electric Vehicle 100 Forum will be held in Beijing from March 28 for three days. This year’s forum is themed “Consolidating Electrification, Promoting Intelligence, Achieving High-Quality Development,” and will feature 12 thematic meetings. The forum organizers have indicated that the rapid iteration of new technologies and trends in smart connected new energy vehicles will be a focal point. Topics of interest will include new battery materials, innovative charging models for new energy vehicles, and the emerging ecosystem for high-quality development in the sector.
Guotai Junan Securities predicts that global sales of new energy vehicles are expected to surpass 20 million units by 2025. Domestically, the continuation of vehicle replacement and trade-in policies in 2025 is expected to provide resilience to sales growth for new energy vehicles, with new models targeting larger market shares and lower price segments. Internationally, while growth in the U.S. market may slow due to declining policies and insufficient new model supply, there is still significant room for market penetration. In Europe, demand is anticipated to be released further as carbon emission assessment standards are advanced.
Huaxin Securities notes that according to data from the China Association of Automobile Manufacturers (CAAM), in February 2025, production and sales of new energy vehicles reached 888,000 and 892,000 units, respectively, reflecting year-on-year growth of 91.5% and 87.1%. Cumulatively, for January and February, production and sales totaled 1.903 million and 1.835 million units, representing a year-on-year increase of 52% for both metrics. On the supply side, battery manufacturers and vehicle producers are continually launching new products, and the demand side is responding positively, supported by ongoing policy initiatives.
In terms of pricing, the industry has undergone significant price reductions, with capital expenditures continually being curtailed, leading to a more optimized supply-demand balance. Industry associations and companies within the supply chain are actively working to optimize capacity and supply to ensure price stability and protect profitability. Overall, prices along the supply chain are currently at a low point, making them more likely to rise than fall, and with strong demand resilience, we continue to favor high-quality companies within the supply chain.
Proofread by: Wang Chaoquan
Edited by: Sun Xiaoxi
New Energy Vehicles | Electric Vehicles | 100 Forum
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