--- title: "The photovoltaic equipment is facing a retirement wave worth hundreds of billions, and the low-fee photovoltaic ETF ChinaAMC (515370) highlights its allocation value" type: "News" locale: "en" url: "https://longbridge.com/en/news/281456874.md" description: "As of April 2, 2026, the ChinaAMC CSI Photovoltaic Industry ETF (515370) has fallen by 2.12%. The performance of constituent stocks varied, with Autowell rising by 3.78% and NYOCOR Co., Ltd. falling by 7.41%. The photovoltaic industry is facing a large-scale retirement wave, which is expected to create a market worth hundreds of billions. China International Capital Corporation pointed out that the industry is still undergoing deep adjustments, while Guotai Haitong Securities believes that oil price fluctuations are driving the energy transition. The photovoltaic ETF tracks the CSI Photovoltaic Industry Index, reflecting the overall performance of the photovoltaic industry" datetime: "2026-04-02T02:53:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281456874.md) - [en](https://longbridge.com/en/news/281456874.md) - [zh-HK](https://longbridge.com/zh-HK/news/281456874.md) --- # The photovoltaic equipment is facing a retirement wave worth hundreds of billions, and the low-fee photovoltaic ETF ChinaAMC (515370) highlights its allocation value As of April 2, 2026, 10:25 AM, the Photovoltaic ETF ChinaAMC (515370) fell by 2.12%. Among the constituent stocks, some rose while others fell, with Autowell up 3.78%, Laplace up 2.34%, and Robotech up 1.26%; NYOCOR Co., Ltd. down 7.41%, Shouhang New Energy down 6.45%, and GCL-Poly Energy down 5.8%. In terms of liquidity, the Photovoltaic ETF ChinaAMC (515370) had a turnover rate of 1.85% during the session, with a transaction volume of 24.89 million yuan. Looking at a longer time frame, as of April 1, the average daily transaction volume of the Photovoltaic ETF ChinaAMC (515370) over the past week was approximately 44 million yuan. On the news front, on April 1, constituent stock Laplace briefly hit the daily limit before urgently issuing a clarification, stating that the company had not obtained related orders for the second phase of Tesla's photovoltaic project, leading to a retreat in related positive expectations; constituent stock JinkoSolar recently disclosed that after the cancellation of the photovoltaic export tax rebate in the second quarter, the company's production schedule remains relatively stable. During the same period, Wind data showed that the weekly average price of photovoltaic-grade polysilicon fell by 2.96%; the weekly average price of solar cells fell by 6.52%. Additionally, early domestic photovoltaic modules are gradually reaching their service life, and after 2026, there will be a large-scale retirement wave of photovoltaic equipment. In the long term, this large-scale retirement wave will create a market worth hundreds of billions for the recycling and reuse of photovoltaic modules, compounded by policies issued by the Ministry of Industry and Information Technology and five other departments, indicating that the Photovoltaic ETF may have long-term support and could gradually recover and strengthen. CICC believes that the photovoltaic industry is currently still in a deep adjustment period, with various stakeholders in the industry continuing to collaborate actively to promote "anti-involution." Guotai Haitong Securities believes that fluctuations in oil prices highlight the urgency of energy self-sufficiency and security, thereby accelerating the transition of various countries to photovoltaic, wind power, energy storage, and new energy vehicles, directly boosting the strategic demand and growth expectations of related sectors. The Photovoltaic ETF ChinaAMC (515370) and its linked funds (012885/012886) track the CSI Photovoltaic Industry Index, involving upstream, midstream, and downstream enterprises in the photovoltaic industry chain, including wafers, polysilicon, solar cells, cables, photovoltaic glass, battery modules, inverters, photovoltaic brackets, and photovoltaic power stations, which can better reflect the overall performance of the photovoltaic industry. 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