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New Energy Source ETF Surges 7.98% Since April 8, Boosted by Strong Performance in Electric Vehicle Stocks

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The New Energy ETF (588830) has rebounded by 7.98% since April 8, signaling a strong recovery in the sector. Investors are showing great interest!

As of April 12, 2025, the ETF has seen a remarkable performance. The QQ index indicates that on April 11, the New Energy ETF (000692) rose by 1.14%, while Chongqing Yutong (688733) surged by 8.97%. Other notable increases include Huanghe Technology (688388) up by 7.13%, Golden Horse (688598) up by 4.27%, and Shenzhen Energy (688707) and Haiyi New Energy (688680) also showing strong gains.

In line with these trends, the New Energy ETF (588830) has seen a 1.21% increase recently, maintaining a steady upward trajectory.

Over the past four trading days, the ETF has achieved a combined 251.553 million yuan in transactions, with a daily trading volume reaching 628.88 million yuan. The latest market cap has reached 4.57 billion yuan, marking a new high.

The main contributors to the New Energy ETF’s growth include solar energy, wind power, and new energy vehicles, with these sectors accounting for over 90% of its holdings.

As of April 8, 2025, the ETF has benefited from favorable policies promoting the development of new energy sectors. This includes initiatives to simplify administrative processes and support the growth of renewable energy businesses.

On April 10, 2025, the company announced the launch of a new generation of 210mm solar cells with an impressive efficiency rate of 31.1%. This achievement sets a new benchmark for the industry in this category, demonstrating significant advancements by leading companies.

Regarding battery prices, recent trends show a stabilization in the market, with main prices expected to range from 110,000 to 120,000 yuan. The industry anticipates that the prices for battery manufacturers will also stabilize, contributing to sustained growth in the sector.

Experts predict that by 2025, the new energy vehicle market will experience significant expansion, driven by the increasing demand for electric vehicles. This growth trajectory is expected to continue, enhancing the market’s potential further.

Overall, the New Energy ETF (588830) continues to reflect a robust performance, with the latest figures showing an 86.84% increase in valuation over the past three years.

For more detailed information on the New Energy ETF and related market dynamics, please visit the New Energy Finance App.