New energy upstream leads the gains, lithium ore surges higher, Ganfeng Lithium rises over 2%, new energy vehicle ETF Hui Tian Fortune (516390) rises over 2.5% at one point! Downstream demand grows strongly, catalyzing new energy.

As of March 13, 2026, 10:28 AM, the China Securities New Energy Vehicle Industry Index (930997) surged 1.67%, with constituent stocks such as China Electronics Electric (15.45%), Putailai (10.01%), Shantai Technology (8.30%), Enjie Shares, Hunan Yunneng, and others also rising. The Huaxinfu New Energy Vehicle ETF (516390) temporarily increased over 2.5%, currently up 1.75%, with the latest price at 1.05 yuan. Looking at the longer term, as of March 12, 2026, the Huaxinfu New Energy Vehicle ETF has gained a total of 4.46% over the past week. (The listed stocks are only index components and do not constitute specific recommendations.)

In terms of liquidity, the Huaxinfu New Energy Vehicle ETF had a turnover rate of 2% during trading, with a transaction volume of 4.5855 million yuan. Over the past year, as of March 12, the average daily trading volume for the ETF was 14.368 million yuan.

According to data from the China Passenger Car Association, global vehicle sales in 2025 reached 96.89 million units, a year-on-year increase of 6%. In January 2026, global vehicle sales hit 7.18 million units, up 1% year-on-year. Since 2020, China’s share of the global market has continued to rise, reaching 33.8% in 2023, 34.2% in 2024, and 35.4% in 2025. In January 2026, China’s vehicle market accounted for 32.7% of the world, showing steady performance.

According to the China Association of Automobile Manufacturers, exports of new energy vehicles in February totaled 282,000 units, a year-on-year increase of 110%. From January to February, exports reached 583,000 units, also up 110% year-on-year.

Looking ahead, industry insiders say that this year’s government work report explicitly emphasizes “stimulating residents’ intrinsic consumption motivation and promoting policies to boost consumption, ensuring sustained growth,” “deeply rectifying ‘involution’ competition,” and “creating a healthy market environment.” “With the full implementation of local subsidy policies after the holiday, the spring auto shows launching promotions, and new vehicle launches and technological updates by automakers, these factors are expected to boost consumer confidence, invigorate the auto market, and promote healthy industry development.”

CICC pointed out that in the first two months of 2026, exports of new energy passenger vehicles increased by 115% year-on-year, accounting for 48.9% of total auto exports. Chinese new energy vehicles are accelerating their penetration into Europe, Southeast Asia, and other regions. Despite short-term domestic demand pressures, rising oil prices are expected to strengthen the global electrification substitution logic. Coupled with the launch of new models, technological iterations, and performance catalysts starting in March, the sector has a basis for a phased rebound.

Regarding constituent stocks, Putailai recently announced plans to invest 2.051 billion yuan to build a lithium battery anode material production base in Kedah, Malaysia, with an annual capacity of 50,000 tons, scheduled for completion in 24 months. The company’s 2025 annual report shows revenue of 15.711 billion yuan, a year-on-year increase of 16.83%, and net profit attributable to shareholders of 2.359 billion yuan, up 98.14% year-on-year.

On the morning of March 13, lithium battery materials stocks surged significantly. Guojin Securities stated that lithium production in March has rebounded sharply, with month-on-month growth of 11%–22% and year-on-year growth of 37%–56%. As of March 2026, the cumulative pre-production of batteries, cathodes, anodes, separators, and electrolytes increased by 36%–57%, with electrolytes and separators growing over 50% year-on-year.

Wanlian Securities noted that “the development of new energy storage” has officially been included in the government work report, with clear policy guidance and improved market mechanisms. As the core carrier, energy storage batteries are entering a critical turning point from policy-driven to supply-and-demand-driven growth.

The sector is optimistic about “accelerated globalization & technological innovations in intelligent driving, humanoid robots, and other fields.” Investors are advised to focus on the Huaxinfu New Energy Vehicle ETF (516390), and for off-market options, the leading new energy vehicle LOF funds (A: 501057; C: 501058), enabling a one-click layout across the entire industry chain, including vehicles, batteries, and lithium mining.

Risk warning: Funds carry risks; investments should be cautious. Investors should read the “Fund Contract,” “Prospectus,” “Product Summary,” and other legal documents to understand the risk-return profile of the fund, especially the specific risks. They should assess whether the investment aligns with their objectives, experience, and asset situation. The fund manager commits to managing and operating the fund assets with honesty, prudence, and diligence but does not guarantee profits or the preservation of principal. These products are of medium risk level (R3) and suitable for investors who pass the risk assessment as aggressive (C3) or higher. Investors should be aware of risks related to index-based investing, concentrated holdings in specific industry chains or stocks, and the potential for high weights and concentration in some index components. Please pay attention to the risks of index tracking, ETF operation, and specific product risks. The stocks mentioned are only objective examples of index components; the information provided is for reference only. Investors are responsible for their own investment decisions. The opinions, analyses, and forecasts in this document do not constitute investment advice.