The second is Global X Lithium & Battery Tech ETF (LIT), which invests in the stocks of lithium-ion battery manufacturers. Narongsak Plodmechai, chief executive of SCB Asset Management (SCBAM), said China will account for nearly 50% of global EV sales by 2025. China is already the world's largest EV market with about 1.4 million EVs sold in the country in 2020, accounting for more than 40% of global EV sales. Beijing has extended the country's subsidy programme for clean energy vehicles until 2022. The major obstacle is EVs' battery storage capacity and the inadequate number of charging stations.

Source: Bangkok Post April 25, 2022 09:42 UTC