Concept stocks of new energy vehicle batteries fell, with related ETFs dropping more than 2%.

Concept stocks of new energy vehicle batteries fell, with BYD and CATL dropping more than 4%, Huayou Cobalt and Ganfeng Lithium falling more than 2%. Influenced by the decline in heavily weighted stocks, the ETF tracking the Guozheng New Energy Vehicle Battery Index fell by more than 2%. Some securities firms stated that, considering industry-related policy expressions, trends in raw material prices, sector performance, current market valuation levels, and future growth expectations for the industry, they suggest paying moderate attention to sector investment opportunities in the short term, while closely monitoring the trends of the index and market style. In the medium and long term, the prospects for the development of the new energy vehicle industry at home and abroad are certain, and the sector deserves close attention. At the same time, it is expected that individual stock performance and trends will also differ, suggesting a continued focus on leading positions in specific areas.