The new energy sector experiences a shakeout and pullback, while energy storage batteries are defying the trend and receiving increased investment.

NightAirdropper · 2026-03-30T14:18:18+00:00

On March 30th, the overall new energy sector experienced a pullback, with the photovoltaic sector leading the decline, but the energy storage battery sector showed strong capital support. The CSI New Energy Battery Index fell by 1.5%, with an 8.3% increase since the beginning of the year. The E Fund Energy Storage Battery ETF saw a net purchase of 13 million shares, indicating long-term confidence from investors. CITIC Securities believes that the economic advantages of new energy are becoming evident, and the industry is expected to enter a high-growth period.

NightAirdropper

2026-03-30 14:18:18

Abstract generation in progress

On March 30, the overall new energy sector experienced a volatile pullback, with the photovoltaic (PV) sector leading the decline, while the energy storage battery sector demonstrated strong capital support during the adjustment. By the close, the CSI New Energy Battery Index decreased by 1.5%, and it once fell more than 3% intraday. Among related ETFs, the E Fund Energy Storage Battery ETF (159566) recorded a net subscription of 13 million units today, and last week it ranked first in the entire market among equity ETFs by net inflow of 1.07 billion yuan, reflecting market confidence in the long-term prospects of the energy storage sector.

Judging from index characteristics and industry performance (data source: Wind, as of March 27, 2026):

CSI New Energy Battery Index: up 8.3% since the beginning of the year, with an annualized return of 12.4% since its inception; in terms of industry distribution, lithium batteries account for 34.0%, and inverters account for 17.0%. By focusing on core segments such as energy storage cell manufacturing and system integration, it exhibits prominent energy storage attributes;

Compared with two other battery indices: the CSI Battery Theme Index has risen 3.7% since the start of the year, while the CSI New Energy Vehicle Battery Index has increased 5.2% since the beginning of the year. The former emphasizes full industry chain coverage, whereas the latter concentrates on upstream and midstream segments of new energy vehicle batteries (see the chart below).

CITIC Securities pointed out that under the high oil price environment, the economic advantages of new energy are increasingly evident, and demand is accelerating significantly. In the medium to long term, driven by energy security strategies, the industry is expected to benefit from a “Davis double play,” with sustained high growth in energy storage and wind power sectors.

Risk warning: Funds carry risks; investment should be cautious.

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