facebookWhat are your thoughts on the electric vehicle and related stocks on the Chinese market? Recently bought quite abit of Global X China EV ETF and intend to DCA monthly. Any thoughts on this? - Seedly
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Jx

Posted on 23 Dec 2020

What are your thoughts on the electric vehicle and related stocks on the Chinese market? Recently bought quite abit of Global X China EV ETF and intend to DCA monthly. Any thoughts on this?

The Chinese are leaders in both producer and consumers of EV. Many countries worldwide are pushing for full EV in 20-30 years (which is also my retirement timeline). EV and related shares are flying super high on the US Markets and even on the Chinese Market. Was thinking if the Global X China EV ETF is worth a long term bet of monthly DCA or should I keep to the US EV/Tech ETF? Any thoughts on the future of the Chinese stock market? Thanks in advance.

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Danish Hairi

Danish Hairi

Level 3. Freshie

Posted on 03 Jan 2021

If you're feeling bullish that China will be the frontrunners in the EV industry, then go ahead!

There are many players in the EV markets so I'd go with DRIV instead. I do not want to bet on which country would be the best but more so of the conviction that electric vehicle will be the future.

Hope this helps!

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