Surging oil prices reignite overseas demand, new energy vehicle sector rallies broadly; Global X China Electric Vehicle Etf (02845.HK) surges over 3% in afternoon trading.

NewTimeSpace News: On March 27, as geopolitical conflicts drove oil prices higher, the cost-performance advantage of Chinese electric vehicles in overseas markets has become increasingly prominent, triggering a broad rally across the new energy vehicle sector. Leapmotor, BYD Co., Li Auto, and Geely Automobile were among the notable gainers.Global X China Electric Vehicle Etf(02845.HK) surged over 3% in afternoon trading, with the fund having delivered an outstanding performance over the past year, rising more than 25%.

Hong Kong Stock Exchange data shows thatGlobal X China Electric Vehicle Etf(02845.HK) tracks the Solactive China Electric Vehicles and Battery Index, compiled by the German index provider Solactive. The index focuses on China’s (including Hong Kong-listed stocks and U.S.-listed ADRs) new energy vehicle and power battery industry chain, providing investors with a convenient one-stop tool to gain exposure to China’s NEV entire industry chain, spanning complete vehicles, batteries, materials, and components.

On the news front, the Secretary-General of the China Passenger Car Association (CPCA) stated that in the first two months of this year, mainland China’s cumulative automobile exports reached 1.55 million units, up 61% year-on-year; new energy vehicle exports totaled 670,000 units, up 88% year-on-year. In February alone, mainland auto exports reached 750,000 units, up 79% year-on-year but down 7% month-on-month; new energy vehicle exports hit 320,000 units, surging 120% year-on-year.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.