The China Association of Automobile Manufacturers (CAAM) recently reported record electric vehicle (EV) sales for the month of June. That could benefit the *KraneShares Electric Vehicles and Future Mobility ETF (KARS)*, which holds roughly 15% of its portfolio in Chinese automakers such as Nio (NIO) (6% of its portfolio).
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What are the best Chinese electric vehicle funds?
KraneShares has proven competency in Chinese stocks, and that shows here, as 20% of KARS’s holdings are Chinese companies. KARS has 60 holdings, an AUM of about $180 million, and an expense ratio of 0.70%. KARS is likely the most targeted EV fund on this list in terms of actual EV manufacturers.
Which stocks are betting big on the Chinese electric vehicle market?
7 Electric Vehicle Stocks Betting Big on the Chinese Market 1 Electric Vehicle Stocks Focusing on China: Tesla (TSLA) 2 Nio (NIO) 3 Xpeng (XPEV) 4 Li Auto (LI) 5 General Motors (GM) 6 BYD (BYDDF) 7 Ford (F)
Which is the leading electric vehicle company in China?
Is one of the leading electric vehicle company in China and in the world at large. BYD Auto manufactures a wide range of electric vehicles which includes battery-electric and hybrid electric vehicles, among its top selling EVs are BYD Qin Plus PHEV, BYD Song Pro PHEV, BYD Qin Plus EV, and BYD Han (BEV).
Why is GM investing in China’s micro electric vehicle market?
In China, GM has a joint venture with SAIC Motor Corp and another partner, SGMW. The latter makes the Hongguang Mini EV, a popular two-door micro electric vehicle. It is the most sold EV model in China. So, with a foothold in this subsegment of the market, GM has all the incentive to move forward and expand further.
Which mutual fund is best for electric vehicles?
In this article, we will look at some diversified equity mutual funds with high exposure to EV stocks.#1: L&T Large & Midcap Fund.#2: Templeton India Value Fund.#3: Quantum Long Term Equity Value Fund.#4: Axis Value Fund.#5: HDFC Large & Midcap Fund.Outlook for the EV sector in India.More items...•
Is there a Chinese EV ETF?
Global X China Electric Vehicle and Battery ETF enables investors to access high growth potential through companies critical to the development of electric vehicles in China.
Are Chinese EV stocks a good investment?
Credit rating agency Fitch Ratings maintains a positive view on China's EV market citing strong demand. It believes that while the recent price hikes in response to higher commodity costs may discourage some EV buyers, H122 EV deliveries are likely to be solid as many EV makers have large order backlogs.
What is the best Chinese EV company?
Among the best Chinese EV brands are companies such as XPENG, NIO, Leapmotor, BYD, Volvo, Skywell.
What ETF is Nio in?
The largest ETF holder of NIO is the Vanguard FTSE Emerging Markets ETF (VWO), with approximately 13.21M shares. Investors may also find of interest that the ETF with the largest allocation to NIO stock is KraneShares MSCI China Clean Technology Index ETF (KGRN), with a portfolio weight of 7.86%.
Is Kars stock a good buy?
Our recommended stop-loss: We hold a negative evaluation for this stock.
How do I buy NIO stock in the US?
How to buy shares in Nio Inc Class A ADRCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is investing in NIO a good idea?
Revenue is seen jumping 60% for the year. They forecast Nio will sharply narrow losses to 19 cents per share in 2023 as revenue grows 71%, as new EVs launch and chip headwinds ease. In 2021, Nio more than doubled EV sales, despite pandemic-related challenges. Out of 33 analysts covering Nio stock, 31 rate it a buy.
Is NIO a good stock to buy 2022?
Key Points. Nio's stock dropped as the electric vehicle maker's first-quarter margins disappointed. The company expects things to improve significantly in the second half of 2022, however. It also has a big plan for 2024 -- one that no investor can afford to ignore.
Which is a better buy Nio or XPEV?
The verdict Yet, I believe NIO's lower valuation and greater upside potential make it a better bet compared to XPeng. Analysts expect NIO stock to double from current prices while XPEV stock is expected to rise by 40% in the next year.
Who is bigger Nio or Xpeng?
Xpeng (XPEV) Compared to Nio's $47.7 billion market capitalization, Xpeng's $35.7 billion is certainly smaller but still sizable. Moreover, if you assumed that Nio's financial and EV delivery results were superior, think again.
Is BYD bigger than Tesla?
Tesla is currently a more successful electric vehicle company. In 2021, Tesla sold over 930,000 EVs while BYD sold over 320,000. Is Tesla bigger than BYD? Yes, Tesla has more yearly global electric vehicle sales than BYD and other automakers.
NYSE: NIO
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You should want to add one or more of these to your portfolio
The electric vehicle (EV) market is witnessing phenomenal growth. The number of electric cars in use globally rose 43% in 2020 to above 10 million. What's more, with 4.5 million electric cars, China has the highest number of EV cars in the world. Undeniably, the growth potential of electric vehicles cannot be overemphasized.
NIO Inc
Founded in 2014, NIO ( NIO -6.20% ) started commercial deliveries in June 2018. NIO delivered 21,896 vehicles in Q2 2021, an increase of 112% year over year. NIO is building a new plant in Hefei, China. The company currently only sells vehicles in China, but it plans to expand to international markets.
NYSE: NIO
NIO uses Jianghuai Automobile Group's manufacturing facility to carry out its production. Jianghuai Automobile is a leading state-owned automobile manufacturer in China with a 50-year history. The facility has an annual production capacity of 120,000 units.
XPeng Inc
Founded in 2015 in Guangzhou, XPeng ( XPEV -8.23% ) began deliveries to customers in 2018. It was listed in the U.S. in August 2020. The company delivered 17,398 electric vehicles in Q2 2021, up from 13,340 deliveries in Q1. The company's revenue grew significantly in the last few quarters, in-line with the growth in its vehicle deliveries.
BYD Company
BYD Company ( BYDDY -3.19% ) makes both internal combustion engine (ICE) vehicles as well as electric vehicles. It is also involved in battery and photovoltaic businesses and developing rail transport. Founded in 1995, the company entered the automobile segment in 2003.
Li Auto
Founded in 2015, Li Auto ( LI -3.01% ) started commercial production in November 2019. It currently targets the premium SUV segment of the Chinese EV market. The company's manufacturing facility is in Changzhou and has an annual capacity of 100,000 units, expandable to 200,000 units with additional machinery.
Are Chinese EV Stocks a Good Investment?
China has the most EVs in the world with 4.5 million vehicles. That’s if you include plug-in hybrid electric vehicles (PHEVs). While the total share of electric vehicles in China is much smaller than in countries like Norway, several Chinese electric vehicle makers are scaling up.
Best Chinese EV Stocks to Buy Today
Now, let’s take a closer look at some of the best Chinese EV stocks to consider adding to your portfolio. After this list, you might also be interested in these top EV charging station stocks.
Investing in Chinese EV Stocks and New Technologies
The companies above give investors access to some of the best Chinese EV stocks around. As the industry grows, they should provide solid gains for investors.
About Bob Haegele
Bob Haegele is a personal finance writer who specializes in investing and planning for retirement. His hefty student loan burden inspired him to pay off his loans, and now he’s helping others get their finances in order. When he’s not writing, he enjoys travel and live music.
How many EVs will China sell in 2021?
June saw the sales of 256,000 EVs in China, a year-over-year increase of 139% according to CAAM. Year-to-date sales are up 120% for 2021, which is a 201% increase over the same time period of 2020.
How much will electric cars cost in 2040?
According to the KraneShares website, the global electric vehicle market is estimated to grow to $2.7 trillion by 2040, a trend that is being clearly seen in mainland China.
Is there an electric car in China?
Electric vehicle sales in China continue to rocket upward, as the demand grows for the emission-friendly automobiles. The China Association of Automobile Manufacturers ( CAAM) recently reported record electric vehicle (EV) sales for the month of June.
What is the most sold EV in China?
The latter makes the Hongguang Mini EV, a popular two-door micro electric vehicle. It is the most sold EV model in China. So, with a foothold in this subsegment of the market, GM has all the incentive to move forward and expand further.
How many electric cars will be sold in China in 2020?
With 1.3 million electric vehicles sold there in 2020, China is the frontier of EVs. President Joe Biden’s $2 trillion infrastructure plan should provide some much-needed relief. Recently, though, InvestorPlace’s Sarah Smith wrote an excellent piece on 21 companies that will especially benefit from the bill. Electric vehicle stocks were among the ...
Did electric vehicles need a boost?
Unlike several other industries, electric vehicles (EVs) did not necessarily need a massive boost. Yes, we did have a market selloff that led to several risky EV plays losing some steam. But that was a temporary blip, one that withdrew to the background once Biden announced his plan.
Is Mustang coming to China?
For the longest time, Mustang sports cars have been imported to the Chinese market. This new move will help the automaker exploit all the momentum it has managed to generate in the Chinese market lately — just another reason why F stock is becoming a competitive entry among electric vehicle stocks.
Is Li-One a hybrid?
But that’s not the only good thing behind Li; the Chinese EV manufacturer also has an edge because the Li-One is a hybrid vehicle. Yes, China is aggressively building out its EV capacity. However, charging stations are still somewhat sparse in China.
Is Tesla a bull market?
Tesla has become the poster child of the equity bull market. Nevertheless, TSLA stock remains the preeminent name among electric vehicle stocks. Last year, the American electric-vehicle and clean-energy company delivered 499,550 vehicles, slightly missing its guidance of 500,000 vehicles.
Here are some obvious, and some not-so-obvious, stocks to bet on China's EV growth story
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master's in finance and has worked as a financial consultant. When she isn't writing, she can be found traveling to a new city or country.
Tesla
Nearly 25% of Tesla 's ( NASDAQ:TSLA) revenue for the first nine months of 2021 came from China. In the third quarter, it derived nearly 23% of its revenue from China. According to CleanTechnica, the company controls roughly 10% share -- the third highest -- of China's EV market. Clearly, China is an important market for Tesla.
General Motors
General Motors ( NYSE:GM) sells EVs in China under two joint ventures (JV) -- one with the state-owned SAIC Motor, and another with SAIC Motor and Wuling Automobile. The SAIC-GM-Wuling JV (SGMW) venture controlled roughly 15% of China's EV market between January and October. That's the second highest share of China's EV market.
Nio, Li Auto, and Xpeng
The three Chinese EV makers -- Nio ( NYSE:NIO), Li Auto ( NASDAQ:LI), and Xpeng ( NYSE:XPEV) -- have some things in common. All three are new, pure-play EV companies. All three started at nearly the same time -- in 2014 and 2015.
What is hail ETF?
HAIL is a broader futuristic transportation ETF from SPDR, providing exposure to “the areas of autonomous and connected vehicle technology, drones and drone technologies used for commercial and civilian applications, and advanced transportation tracking and transport optimization systems.”
Is electric car stock market outpacing stock market?
With electric car sales skyrocketing, electric vehicles stocks have been outpacing the broader stock market. Tax incentives for EV owners, stricter emissions standards, government subsidies, charging station rollouts, more efficient battery technology, and a shift away from reliance on fossil fuels will accelerate this adoption of more environmentally sustainable transport.
What are the factors that drive the growth of EVs?
Factors driving growth of EVs are increased environmental awareness, the shift from gasoline-powered vehicles to EVs, support from favorable government policies and financial aids in terms of subsidies and grants. Additionally, decline in cost of battery prices and advancement in technology has been a boon for the EV market.
How much money did Biden spend on EVs?
Apart from fiscal aids, the government is spending millions to promote the EV market. For instance, Biden aims to spend $400 billion on clean energy infra, including battery technologies and EVs, with a target to put up 500,000 new electric vehicle charging outlets by the end of 2030.