The Chinese EV and battery ETF 9845 has declined 27.4% since April. The global EV-related ETF KARS has fallen 18.1%, while the autonomous driving and EV ETF $DRIV, which also includes semiconductors and software, has dropped 0.5%. Even within the automotive sector, the underlying holdings vary significantly. ETF 9845 concentrates approximately 40% of its weight in BYD and CATL, making it particularly vulnerable to domestic price competition and profit pressure in China. Below are the top five holdings and their weightings for each ETF.
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