The new energy vehicle sector continued to rebound today, with Enjie shares up 6 per cent as of 10:00, BYD and Ningde times up 3 per cent and 2 per cent respectively, and new energy vehicle ETF (515030) up 1 per cent. It has rebounded by more than 5% since last week's low.
According to Huajin Securities, the production and sales of new energy vehicles completed 3.545 million and 3.521 million respectively in 2021, an increase of 1.6 times over the same period last year, and the market penetration reached 13.4%, exceeding market expectations. Driven by policy support and supply, China's new energy vehicle industry chain is gradually mature, diversified new energy vehicle products continue to meet market demand, and new energy vehicles are expected to continue to maintain higher-than-expected growth in 2022.
