In the past five trading days, funds have continued to flow into the new energy sector

Guosen Securities believes that the global energy storage market has achieved economic resonance. With the development of the domestic electricity spot market, the implementation of new energy distribution and storage policies, and the construction of power grid regulation resources, the domestic energy storage market is expected to usher in explosive growth. With the introduction of subsidy policies and the advancement of solar-storage integration in overseas markets, there is also a strong installed demand for distributed energy storage. It is expected that global distributed energy storage will achieve rapid development.

According to AVIC Securities, the proportion of new energy allocation and storage has been low in history, and the policy-mandated allocation of storage has boosted the expectation of energy storage increment; guided by the reform of the electricity market, the profit model of energy storage has gradually become clear. Large storage on the power side promotes the development of energy storage in China. In 2022/2023, the installed capacity of electrochemical energy storage in China is expected to be 6.1GW and 13.8GW, which is 175.5% and 119.7% year-on-year. By 2025, the cumulative installed capacity of electrochemical energy storage will reach 70GW, and CAGR is expected to 88.9%.

According to Huachuang Securities, sales of new energy vehicles recovered in February, and many new forces increased month-on-month. The impact of resumption of work after the february holiday combined with public health prevention and control has further weakened, and residents' work and life are gradually returning to normal. With the gradual implementation of price adjustments by auto companies, the auto market is expected to gradually recover. The implementation of subsidies from relevant departments will promote the recovery of the auto market. It is expected that the auto market will be on track in March.

The Battery 50ETF (159796) tracks the CS Battery Index (931719), covering the two golden tracks of power and energy storage batteries.

The New Energy Vehicle Index (930997) tracked by the New Energy Vehicle ETF (516390) is a customized index covering the upstream, midstream and downstream industry chains of new energy vehicles, focusing on the midstream sector and reflecting the direction of technological upgrading.