China's new energy vehicle exports skyrocketed 140% year-on-year in March, sending Global X China Electric Vehicle Etf (02845.HK) up over 2% intraday.

NewTimeSpace News: On April 13, the new energy sector extended Friday’s rally, with lithium battery bellwether CATL hitting an intraday all-time high in A-shares.Global X China Electric Vehicle Etf(02845.HK)surged over3%during the session, building on its robust52%+return over the past year.

According to HKEX data, the ETF tracks theSolactive China Electric Vehicles and Battery Index, compiled by German provider Solactive. The index focuses on the complete NEV and power battery industrial chain across China (including Hong Kong-listed stocks and US ADRs), offering investors one-stop exposure to the full ecosystem—from vehicle makers to battery materials and components.

Export momentum hits record highs:CPCA data shows China exported349,000new energy passenger vehicles in March 2026, skyrocketing139.9%year-on-year. Q1 exports reached954,000units, up120%YoY, underscoring sustained global appetite for Chinese EVs.

Valuation paradigm shift:Shenwan Hongyuan Securities notes the sector’s pricing logic is pivoting from an"involution discount"to a"security premium."Amid rising geopolitical uncertainty, solar, wind, and energy storage—leveraging their autonomy, supply stability, and low-carbon advantages—are poised to becomeessential demandin the global energy mix.

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