Guotai CSI New Energy Vehicles ETF (159806) closed up nearly 2%, with a significant recovery in domestic new energy vehicle sales in March

The Guotai CSI New Energy Vehicles ETF (159806) closed up nearly 2% on April 13. Domestic sales of new energy vehicles significantly rebounded in March, with a rapid month-on-month growth. Huaxi Securities pointed out that with the launch of new models and cost-performance advantages, sales are expected to continue to grow, driving an increase in upstream and midstream production. The lithium battery supply chain has entered an expansion cycle, with increased material demand and prices expected to rise. The new energy vehicle ETF tracks the CS New Energy Vehicle Index, reflecting the overall performance of the new energy vehicle supply chain. Risk warning: Individual stock analysis does not constitute investment advice, and investment should be approached with caution