CCB Principal CSI Intelligent Electric Vehicle ETF(159710.SZ)

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CCB Principal CSI Intelligent Electric Vehicle ETF
159710.SZ
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Arcfox launches updated Kaola S electric SUV starting at $14,310

Arcfox has launched the updated 2026 Kaola S electric SUV, starting at $14,310, featuring CATL's LFP batteries with a range of 520 km. The vehicle offers three variants and a 9.1% price reduction from the previous model. It includes a 15.6-inch display and fast charging capabilities. Competing against models like BYD's Yuan Plus and Volkswagen's ID.3, Arcfox aims to improve its sales performance in the Chinese market after recent struggles.

CnEVPost·
HK
03750
-0.57%
SZ
300750
-0.40%
CnEVPost·
HK
03750
-0.57%
SZ
300750
-0.40%

Industry Brief: China cancels and reduces product tax rebates for photovoltaic and battery products

China will cancel or reduce the export tax rebates for photovoltaic products and batteries. Starting from April 1, the export value-added tax rebate for photovoltaic products will be canceled, and the rebate rate for battery products will be reduced from 9% to 6%. This policy has received a positive response from the industry and aims to restore rational pricing in the international market and reduce the risk of trade friction. The stock price of photovoltaic company JinkoSolar rose by 7.6%, while LONGi Green Energy increased by 4.6%; battery manufacturer CATL fell by 2.5%, and EVE dropped by 1.5%

BambooWorks·
SZ
300014
+1.16%
US
JKS
+0.31%
SH
601012
+1.24%
BambooWorks·
SZ
300014
+1.16%
US
JKS
+0.31%
SH
601012
+1.24%

EVE's Hong Kong stock IPO fundraising abandons Malaysia, betting on the Hungarian factory to target European car manufacturers

EVE has initiated its Hong Kong IPO, with the fundraising purpose shifting from the originally planned production base in Malaysia to the Hungary project. The Hungary factory is scheduled to commence construction in June 2024, with a total investment of approximately 10 billion RMB, and is expected to start production in 2027, with a capacity of 30GWh, focusing on the production of large cylindrical power batteries. This move aims to strengthen cooperation with European automakers and avoid trade barriers such as the EU carbon tariff. EVE has already invested in the construction of a battery production base in Malaysia, which is planned to start production in 2025

Stheadline·
SZ
300014
+1.16%
Stheadline·
SZ
300014
+1.16%

China’s CATL, Nio deepen partnership to develop EV batteries with longer lifespans

Contemporary Amperex Technology Ltd (CATL) has strengthened its partnership with Nio to develop electric vehicle (EV) batteries with longer lifespans. The five-year agreement aims to address the costly issue of battery replacements for millions of EV users in China. Nio's CEO, William Li, highlighted the urgency of this development, predicting significant costs for battery replacements after 2032. Despite challenges in the EV market, Li remains optimistic about profitability for major players. Nio recently celebrated its 1 millionth car production milestone and continues to collaborate with CATL on battery swap technology.

南华早报·
SZ
300750
-0.40%
南华早报·
SZ
300750
-0.40%

In 2025, annual sales could not compete, and Tesla ceded the EV crown to BYD

Tesla announced its sales data for 2025, with annual sales of approximately 1.64 million vehicles, a decline of over 8% compared to 2024, officially yielding to BYD, which sold 2.26 million electric vehicles. Tesla delivered 418,227 vehicles in the fourth quarter, below market expectations. The U.S. government announced the cancellation of the $7,500 electric vehicle tax credit, which may affect electric vehicle demand. Tesla faces fierce competition from BYD and other automakers

法新社·
US
BYDDF
-1.63%
US
BYDDY
-1.09%
SZ
002594
+0.20%
法新社·
US
BYDDF
-1.63%
US
BYDDY
-1.09%
SZ
002594
+0.20%
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