EV Charging Infrastructure ETF Monthly Report | January

30 January 2024

Electric Vehicle Charging ETF Key Takeaways | January

On January 1, NIO (9866.HK) announced that a total of 18,012 vehicles were delivered in December 2023, showcasing an increase of 13.9% year-over-year. This brings the total of delivered vehicles up to 160,038, amounting to an increase of 30.7% year-over-year. The numbers show that NIO is continuously leading the premium segment of the EV market.

NaaS Technology Inc. (NAAS.OQ), together with its strategic partner Kuaidian, and GAC Energy Technology Co., a subsidiary of GAC Group, will collaborate to establish a connected charging service network in China. The business of both companies is focused on charging services. The collaboration will allow to pool data together and to share data from charging stations easily to further improve the charging service network. NaaS and Kuadian will offer GAC EV owners a host of charging piles and a national charging service network. The establishment of a sound EV charging network is foundational to widespread adoption of electric vehicles.

ENECHANGE Ltd. (4169.T) promotes EV adoption in warehouses and offices with its new charging plan, the Business Plan, which aims at supporting corporate challenges. It will help to accelerate the switch towards electric vehicles in business settings. The focus of the Business Plan will be to help solve challenges in EV charging infrastructure, EV management, as well as individual needs of companies. The Business Plan will also support the Japanese government’s ambitious goal to achieve a 100% ratio of EVs in new passenger car sales by 2035.

TotalEnergies (TTEF.PA) announced the launch of an in-depot electric truck charging service at the SOLUTRANS road and urban transportation trade show. This new solution will allow TotalEnergies to install and supervise customized charging infrastructure to help with the transition to electric mobility. The In-depot charging service will offer a tailored and efficient solution to transporters’ unique needs. This solution will include optimized charge points which will effectively recharge the batteries of trucks to 100%, while minimizing the time those trucks are parked in the depots. Moreover, ultra-fast charge points will be available in case of extra charging needs (up to 400kW). TotalEnergies will work with its customers to determine the optimal charging infrastructure and will supply it with green electricity.

Evgo Inc. (EVGO.OQ), General Motors (GM.N), and Pilot Travel Centers LLC have successfully opened their first 17 locations of the new national electric vehicle fast charging network. The stations are now available in 13 states in the U.S. and provide an elevated charging experience. The three industry leaders will provide a more practical and accessible charging experience for long distance travel.

 

Sources available upon request. Please note that all performance figures are showing net data. Past performance is not indicative of future performance. When you invest in ETFs, your capital is at risk.

Macro Outlook

The UK installed a record number of public EV chargers in 2023. The number of public chargers amounted to 16,000 until mid-December, pushing the total above 53,200 charging stations overall. The numbers show an increase of 43%, compared to 2022. The growth in infrastructure also significantly outpaced the growth of electric car sales in the UK (28%) in 2023.

The first EV charging station, funded by the $1 trillion 2021 U.S. infrastructure law, has begun operating in Ohio in December 2023. It further supports the goal to grow the nationwide network to 500,000 public EV chargers which are supposed to be no more than 50 miles (80km) apart. The goal is to create a convenient, affordable, and reliable electrified transportation system. As of December, there are more than 165,000 public chargers available in the United States.

Kia India, one of the country’s leading carmakers, unveiled their K-Charge initiative. It allows users of the ‘My Kia’ app to discover over 1000 EV charging stations across India. Non-Kia customers will have access to this charging network, with the aim to help EV drivers to overcome range anxiety. For this project, Kia partnered with five charging point operators: Statiq, ChargeZone, Relux Electric, Lion Charge, and E-Fill charging operators.

On December 8, a new law to regulate safe charging of EVs as well as reliable infrastructure was introduced in Singapore. The Electric Vehicles Charging Act 2022 ensures charging safety by introducing an approval process for all charger models. EV charger suppliers will have to get their chargers “type-approved” by the Land Transport Authority (LTA) before they can be supplied. After receiving approval, suppliers then have to apply for an approval label via the OneMotoring website and affix the label to each charger. This must be done before the chargers can be supplied, installed, or certified as fit for the EV charging sector in Singapore.

 

All sources available upon request. Please note that all performance figures are showing net data. Past performance is not indicative of future performance. When you invest in ETFs, your capital is at risk.

 

Electric Vehicle Charging ETF Performance
 
As of 31/12/2023

 

1M

3M

6M

YTD

12M

SI

Electric Vehicle Charging Infrastructure UCITS ETF

15.63%

-3.67%

-32.31%

-41.46%

-41.46%

-69.45%

Solactive Electric Vehicle Charging Infrastructure Index

15.87%

-3.36%

-32.03%

-40.79%

-40.79%

-68.92%

 


 Please note that all performance figures are showing net data.
 Source: Bloomberg / HANetf. Data as of 31/12/2023

Performance before inception is based on back-tested data. Backtesting is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs and ETCs your capital is at risk.

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