Reported 9 months ago
According to the recent positive news in the electric vehicle market, related sectors have seen an uptrend, leading to a surge in three overseas stock-type electric vehicle ETFs in Taiwan: Cathay Smart Car (00893), Shin Kong S&P Electric Car (00925), and Fubon Future Car (00895), with gains ranking in the top three among overseas stock ETFs on the 26th, rising between 2.4% and 2.9% in a single day. Tesla, the leader in the US electric car market, is expected to announce second-quarter delivery data next week, boosting market optimism. Additionally, Ford announced a $5 billion investment in electric vehicle startup Rivian, causing Rivian's stock to jump more than 50% after hours and driving related concept stock prices. Fund managers are optimistic about the long-term growth trend of electric vehicles, with expectations for increased affordable electric vehicle models and global sales momentum towards fully autonomous driving.
Source: YAHOO