The battery sector surged and strengthened, with the CCB Principal Battery ETF tracking index rising over 2%. The lithium battery industry chain is expected to see both volume and price increases.

As of March 26, 2026, 13:54, the National Certificate New Energy Vehicle Battery Index (980032) once rose over 2%, now up 0.31%. Sample stocks including Putailai increased by 5.66%, Enjie shares rose by 4.15%, Duofuduo went up 4.14%, Tianci Materials climbed 3.33%, and Kodali increased by 3.09%.

On March 23, news emerged that Zimbabwe’s ban on lithium concentrate exports has escalated again, intensifying global lithium supply disruptions. The country initially planned to completely ban lithium concentrate exports by 2027, but on February 25, it suddenly announced an indefinite suspension of all raw ore and lithium concentrate exports, covering goods in transit, and has yet to issue detailed regulations or indications of a reopening, significantly exceeding market expectations.

Due to the tightening supply, lithium carbonate prices have shown signs of stabilizing and rebounding. As of March 25, the main contract for lithium carbonate on the Guangqi Exchange has risen for three consecutive days, strongly breaking through the 160,000 yuan/ton mark. In today’s morning session, the main contract for lithium carbonate on the Guangqi Exchange strengthened again, with an intraday increase of over 2%, firmly standing above the 160,000 yuan/ton mark. Domestic lithium salt inventories are at a three-year low, coupled with a gradual recovery in downstream demand from power batteries and energy storage, the pattern of rising lithium prices is further solidified, driving the upstream sectors of lithium mines and lithium batteries to collectively strengthen.

Dongwu Securities indicated that global lithium battery demand is expected to grow by 30% in 2026 and maintain a 21% growth in 2027; combined with the five-year cyclical trend of lithium carbonate prices, the supply-demand structure will support price increases for lithium carbonate in the next two years. Additionally, industry insiders have stated that the next 10 to 15 years will be a super boom period for lithium carbonate demand.

CITIC Construction Investment Securities believes that in terms of lithium battery equipment, automakers have clearly set guidelines for solid-state battery installation, awaiting bidding catalysts from the equipment side. The industrialization progress in the solid-state battery field is significant, with major companies announcing successful off-line of solid-state batteries and subsequent installation guidelines, garnering considerable attention. The current sector is overall in the “hitting zone,” and leading battery manufacturers have already initiated tenders for GWh-level solid-state battery production equipment, intending to achieve small batch demonstration installations by 2027 and reach large-scale mass production targets by 2030. The time window for order fulfillment and performance release for equipment companies is opening, and a simultaneous rise in both quantity and price along the industry chain is expected, continuing to view the allocation value of the solid-state battery sector positively.

The Battery ETF Jianxin (159775) closely tracks the National Certificate New Energy Vehicle Battery Index, which reflects the market performance of listed companies in the new energy vehicle battery industry on the Shanghai and Shenzhen Stock Exchanges.