Global demand for Chinese new energy vehicles (NEVs) continues to surge, powering strong performance across the NEV sector. Global X China Electric Vehicle Etf (02845.HK) jumped over 3.5% at the open.

NewTimeSpace News: In March, amid escalating geopolitical tensions in the Middle East and persistently high international oil prices, the operating costs of global internal combustion engine vehicles rose significantly, triggering explosive growth in overseas demand for Chinese exported new energy vehicles (NEVs). The NEV sector showed robust strength, withGlobal X China Electric Vehicle Etf(02845.HK) jumping over 3% at the open. The fund has delivered outstanding performance over the past year, surging more than 52%.

According to Hong Kong Exchanges and Clearing (HKEX) data,Global X China Electric Vehicle Etf(02845.HK) tracks the performance of the Solactive China Electric Vehicles and Battery Index, compiled by the German index provider Solactive. The index focuses on the complete industrial chain of Chinese new energy vehicles (including Hong Kong-listed stocks and US ADRs) and power batteries, offering investors a convenient one-click tool to gain exposure to the entire NEV ecosystem—covering vehicle manufacturing, batteries, materials, and components.

On the news front, Chinese NEV exports maintained strong momentum in March, with leading automakers collectively setting new export records and becoming the core engine driving automotive export growth. BYD officially announced it has raised its full-year 2026 export target from 1.3 million to 1.5 million vehicles, a 15% increase from the initial target set at the beginning of the year.

Guosheng Securities noted that elevated oil prices are accelerating the transition to new energy vehicles. Real-world data supports this view: In January-February, China exported 670,000 NEVs, marking an 88% year-on-year increase. Looking ahead, market sentiment is gradually decoupling from macroeconomic disturbances, while fundamentals stand to benefit from accelerated NEV penetration driven by high oil prices and strong supply-side support.

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