Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Germany
Hong Kong
USA
Switzerland
Singapore
Other / International
There has been remarkable progress in electric vehicle (EV) technology and its acceptance globally. Subsequently, EV has become a theme within investment portfolios. “At Nikko AM, we believe that Chinese EVs are set to lead the world in this area as technological innovation, demand, government policy and consumer behaviour have put China ahead of Europe and the US,” Pritpal Lotay, ETF Specialist EMEA, in a recent insight writes. “China is positioned in a way which will allow this trend to continue, and we believe China will retain its first place position to lead the global EV race.”
To date, China accounts for 46% of the total EV sales, followed by Europe at 34% and North America at 15%. Currently, three of the top six EV companies by market cap are Chinese names: Nio, Li Auto and XPeng.
Read the full market insight at emea.nikkoam.com.
