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KARS

KraneShares Electric Vehicles and Future Mobility Index ETF

Industry

Asset Management

The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The index is designed to track the equity market performance of companies engaged in the production of electric vehicles or their components or in other initiatives that may change the future of mobility, as determined by index provider.

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The EV sector saw mixed developments this week. Tesla received a tariff cut in Europe but lost its BEV crown to BMW. Lucid claimed tech leadership over Tesla, while Ford scaled back its EV plans. Workhorse reported poor earnings, and Canoo faced executive departures. The KraneShares EV ETF rose 3.44% for the week.

Portfolio Pulse from Shanthi Rexaline

August 24, 2024 | 2:00 pm

Gene Munster from Deepwater Asset Management predicts a slowdown in the EV industry, with growth rates dropping from 50% in 2023 to 5% in 2024. Ford and Tesla are pulling back on their EV investments, signaling an 'EV winter.' Despite challenges, Munster remains optimistic about long-term EV adoption.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 8:39 am

The Democratic National Convention (DNC) in Chicago features key speeches from President Joe Biden and UAW President Shawn Fain. Auto stocks, particularly those of GM, Ford, Stellantis, and Tesla, are in focus due to UAW's involvement. Health care and abortion rights are also highlighted, impacting related stocks and ETFs.

Portfolio Pulse from Chris Katje

August 19, 2024 | 7:28 pm

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

NIO Inc. (NYSE:NIO) shares are trading lower, down 1.67% to $3.825. The stock has lost over 69% in the past year. Investors can gain exposure via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS). An Onvo executive released an interior image of the L60, NIO’s sub-brand debut model, as it approaches mass production.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 3:35 pm

The EV market experienced a turbulent week with significant developments. Tesla launched its Cybertruck in Canada and reported strong sales in China, but faced criticism from Sen. Elizabeth Warren. Rivian and Nikola exceeded Q2 expectations, while Lucid received a $1.5 billion cash infusion from its largest shareholder. Canoo faced a lawsuit, and Huawei entered the EV market. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 2.58% for the week.

Portfolio Pulse from Shanthi Rexaline

August 10, 2024 | 1:30 pm

NIO Inc. (NYSE:NIO) shares are trading nearly flat today, having lost over 71% in the past year. NIO's charging network has been integrated with Hellobike's services, offering discounts to users. NIO is also constructing two new vehicle assembly plants. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 2:30 pm

The 2024 presidential election could significantly impact the electric vehicle (EV) sector. A Trump victory might benefit Tesla (TSLA) due to Elon Musk's endorsement but could harm the broader EV market by potentially eliminating tax credits. Conversely, a Harris/Walz win would likely continue supportive policies for EVs, benefiting companies like Ford (F) and General Motors (GM), as well as ETFs like KARS and DRIV.

Portfolio Pulse from Chris Katje

August 08, 2024 | 7:35 pm

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

NIO Inc. (NYSE:NIO) shares are trading lower due to a supplier statement about the construction of two new vehicle assembly plants. Miracle Automation Engineering has secured a contract for NIO's F3-1 final assembly mainline conveyor project. NIO's stock has lost over 72% in the past year. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS). NIO delivered 20,498 vehicles in July, marking a slight dip from June.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 1:35 pm

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