Will Chinese EVs beat Tesla? How to profit from global 'megatrend' - Brendan Ahern

There is a “megatrend of global EV [electric vehicle] adoption” happening now, and China’s official policy is to prioritize the production and consumption of EVs as part of their plan to reduce their carbon footprint, said Brendan Ahern, CIO of KraneShares.

Ahern noted that Tesla’s competitive edge during this EV race will wane as established car brands as well as newer ones from China are turning their attention to this sector.

“Traditional auto makers, as well as upstart auto makers, are really going to give Tesla a run for their money. If you think about companies that have been making cars for over 100 years. When they pivot towards EV they’re going to have a tremendous competitive threat to Tesla. As well, Tesla makes luxury cars. In China, we see a lot of lower tier providers,” Ahern told David Lin, anchor for Kitco News.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Brendan Ahern on Twitter: @ahern_brendan (https://twitter.com/ahern_brendan)

0:00 – China’s 14th 5-year plan
6:26 – China’s EV sector is growing rapidly
11:17 – Domestic vs foreign car market?
13:25 - Geopolitical tensions are not a top risk
17:50 – Chinese internet stocks have strong fundamentals
21:45 – Chinese A-Shares popped in 2015, can it happen again?
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