Amplify Lithium & Battery Technology ETF (BATT) 3rd Quarter Commentary 2025
Amplify Lithium & Battery Technology ETF (BATT) seeks investment results that correspond generally to the EQM Lithium & Battery Technology Index. BATT is a portfolio of companies generating significant revenue from the development, production and use of lithium battery technology, including: 1) battery storage solutions, 2) battery metals & materials, and 3) electric vehicles (EV).
BATT returned 37.62% net asset value (NAV) compared to its underlying benchmark, the EQM Lithium & Battery Technology Index, at 38.04% for the third quarter (Q3) 2025. View Standardized Performance
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For most recent month-end performance, visit AmplifyETFs.com/BATT. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
US Investment in Metals Sparked Rally in Q3
The Trump administration's direct investments in the metals sector have triggered a sweeping rally among companies in the segment, with rare earths and battery metal stocks rocketing on prospects of federal backing and strategic policy changes. The White House has already taken stakes in MP Materials Corp, Lithium Americas Corp, and Trilogy Metals, Inc, leaving investors to speculate, “who’s next?” Investors are scouting other companies that could draw interest and support from the Trump administration.1
Global EV Market on Record Pace
According to Bloomberg NEF, global market share of electric vehicles are on track to hit 26% of passenger car sales in 2025. That percentage is even higher in China, with over half of vehicles sold there now electric. While sales in the US are slowing and face uncertainty due to policy headwinds, emerging economies are experiencing record sales as more low-cost electric vehicle options target local buyers.2
Battery Prices Continue to Decline
Despite rising demand, there is overcapacity among battery manufacturers, which has helped drive down prices. The IEA reports that battery pack prices fell 20% in 2024, the largest decline since 2017. This decline was driven by low critical mineral prices and heightened competition, which squeezed margins, particularly in China. Lithium prices have dropped nearly 20%, reaching levels similar to those of late 2015, despite demand being approximately 6X higher. Lithium iron phosphate (LFP) cheaper batteries now comprise nearly half of the global EV battery market. China was responsible for 80% of global battery cell production in 2024, while the remainder was produced in the United States, the European Union, Korea and Japan.3
BATT’s top contributors to performance in Q3 2025 were Bloom Energy (+234%), NIO (+122%), and China Nonferrous Mining (+107%)
Bloom Energy is a leading fuel cell manufacturer. The company's core product, the Bloom Energy Server, converts natural gas, biogas, or hydrogen into electricity without combustion, making it an efficient and environmentally friendly solution for distributed energy generation to power data centers. It counts Oracle and AEP as large customers and has strong bookings leading to analyst upgrades. Chinese EV automaker Nio rallied after reporting strong YOY results for EV deliveries in August and favorable Q2 results. Shares of China Nonferrous Mining rallied, along with copper, silver, and gold stocks in anticipation of higher prices.
Detractors from performance included Vinfast Auto (-19%), BYD Co (-9%), and Freeport McMoran (-9%)
Shares of Vietnamese EV automaker Vinfast Auto have declined on the prospect of bankruptcy with the company failing to launch the number of models originally planned amid the need for more capital. China EV automaker BYD has gained share outside of China but struggles within China amid the rising competition. The slowdown in deliveries has forced BYD to scale back its ambitious sales growth targets. Copper mining stock Freeport-McMoran saw shares decline on its announcement that its gold and copper sales will drop. The miner lowered its third-quarter sales estimates for copper by 4% and gold by 6% due to a mining incident in Indonesia.
Visit the BATT fund page for more information, including fact sheets, index methodology, and regulatory documents.
2about.bnef.com/insights/clean-transport/electric-vehicle-outlook/
3insideevs.com/news/761338/ev-battery-costs-down-2024/
Index Definitions: An index is unmanaged and it’s not possible to invest directly in an index. The EQM Lithium & Battery Technology Index (BATTIDX) seeks to provide exposure to global companies associated the development and production of lithium battery technology and/or battery storage solutions; the exploration, production, development, processing, and/or recycling of the materials and metals used in lithium battery chemistries such as Lithium, Cobalt, Nickel, Manganese, Vanadium and/or Graphite; and/or the development and production of electric vehicles.
Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in Amplify Funds statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Amplify ETFs are distributed by Foreside Fund Services, LLC.