New energy vehicle battery industry welcomes "de-involution," battery industry 2026 prosperity certainty is strong, battery ETF Wanfamily(159156) intraday high gain over 2%

As of March 20, 2026, 09:49, the China Securities New Energy Vehicle Battery Index (980032) surged strongly by 1.35%. The constituent stocks, including Putailai (+6.32%), Xinyu邦 (+3.95%), EVE Energy (+3.16%), Xinwangda, Tianci Materials, and others, also followed the upward trend. The Battery ETF Wanjia (159156) increased by 1.41%, reaching a peak rise of over 2% during the trading session.

Recently, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the State Administration for Market Regulation jointly held a symposium with new energy vehicle industry companies. The meeting addressed existing industry chaos, focused on development bottlenecks, and deployed key tasks such as regulating competition order, tackling core technologies, and activating market vitality. This significant move quickly sparked industry attention. The symposium outlined several rectification measures: in price regulation, it will strengthen price monitoring and cost investigations, strictly curb malicious price cuts and dumping below cost, guide automakers to establish rational competition concepts, and focus on improving product quality and service rather than relying solely on price wars to capture market share; in supply chain security, the meeting reiterated the importance of urging companies to strictly implement the 60-day payment term commitment, easing upstream suppliers’ cash flow pressure, and promoting coordinated development and mutual benefits across the industry chain.

These regulatory measures are expected to standardize industry competition, prevent battery companies from falling into a vicious cycle of low-price competition driven by automaker price pressure. As a core upstream supplier in the new energy vehicle industry, the battery sector’s regulation may improve liquidity in the battery supply chain, strengthening the foundation for industry chain collaboration. This symposium among three departments is likely to promote the long-term transition of the battery industry from scale expansion to high-quality development, consolidating China’s global leadership in the power battery industry and helping it secure a core position in the global new energy vehicle supply chain.

Wanlian Securities pointed out that current battery manufacturers are steadily increasing production schedules, with the effects of “anti-involution” becoming evident. Leading companies’ market share continues to rise, and profit recovery trends are clear. By 2026, global lithium battery demand is expected to maintain steady growth, with power batteries benefiting from increased energy per vehicle, expanding overseas demand, and accelerated heavy truck electrification—three structural growth drivers. Energy storage batteries are shifting from domestic to market-driven demand and experiencing multiple overseas large-scale storage projects simultaneously. The solid-state battery industry is accelerating, with pilot lines rapidly deployed. Key segments such as equipment, electrolytes, silicon-carbon/metal lithium anodes, and carbon nanotube conductive agents are expected to benefit first.

The China Securities New Energy Vehicle Battery Index reflects the market performance of listed companies in the new energy vehicle battery industry on the Shanghai, Shenzhen, and Beijing exchanges. Data as of February 27, 2026, shows that the top ten holdings of the China Securities New Energy Vehicle Battery Index (980032) are BYD, CATL, Huayou Cobalt, Sanhua Intelligent Controls, EVE Energy, Ganfeng Lithium, Xiamen Tungsten, Lead Intelligent, Tianci Materials, and GEM. These ten stocks account for a combined weight of 66.59%.

The Battery ETF Wanjia (159156) closely tracks the China Securities New Energy Vehicle Battery Index. As of March 19, 2026, the ETF’s scale increased by 13.4812 million yuan over the past two weeks. In terms of shares, the ETF’s holdings grew by 14 million shares in the same period. The latest net capital inflow was 3.0107 million yuan. Over the past ten trading days, the ETF attracted a total of 23.7211 million yuan in funds. Outside investors can participate through the Wanjia Guozheng New Energy Vehicle Battery ETF Launch-Connected Fund (A: 018379; C: 018380).

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