ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook Channel
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. China Insights Channel
  2. Assisted Driving Inroads From Chinese EV Manufacturers
China Insights Channel
Share

Assisted Driving Inroads From Chinese EV Manufacturers

Tom LydonMay 08, 2023
2023-05-08

It’s not fully autonomous driving, but Chinese electric vehicle manufacturers are making strides when it comes to assisted drivers.

That’s seen as a vital step for those companies when it comes to earning market share in one of the world’s most competitive electric vehicle markets. Additionally, those advances could create positive implications for select holdings of exchange traded funds such as the KraneShares Electric Vehicles and Future Mobility ETF (KARS C).

KARS isn’t a dedicated China ETF, but it is home to several China-based EV manufacturers as well as other auto giants that sell such vehicles in the country, including Tesla (TSLA) and Volkswagen. As was recently reported, Chinese EV juggernaut BYD, a KARS component, recently took the crown as the top EV seller in China ahead of Volkswagen, also a KARS holding.

While it’s not clear how in-demand driver-assisted technology is among Chinese car buyers, it is seen as a prelude to fully autonomous capabilities, and some industry executives view the offering as essential to winning market share in China. Harnessing assisted driving tech could pay for original equipment manufacturers over the long term.

“McKinsey estimates assisted and fully autonomous driving systems in passenger cars could generate $300 billion to $400 billion in global revenue by 2035. China is the world’s largest car market,” reported Evelyn Cheng for CNBC.

KARS member firms Li Auto and Xpeng are among the Chinese EV makers that recently boasted of assisted driving strides. In the case of Xpeng, that company is looking to roll out that tech in new cars across China after previously featuring in just two cities.

“The tech claims to require drivers to do little more than keeping their hands on the wheel, while the vehicle travels to a destination in the city on its own, including stopping at traffic lights,” according to CNBC.

While some market observers view the assisted driving advances notched by KARS China-based holdings as modest, those strides are relevant nonetheless because some foreign competitors selling EVs in China don’t offer related amenities and because EV companies operating in the world’s second-largest economy have largely focused on pricing as an avenue for luring buyers.

Owing to the tech-savvy reputation of many Chinese consumers, assisted driving capabilities could be a point of attraction for car buyers, which is potentially of benefit for some KARS holdings. KARS, which debuted in January 2018, has $169.46 million in assets under management.

For more news, information, and analysis, visit the China Insights Channel.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X