EV Stocks Rise on China’s Newest Tax Breaks, KARS Benefits
June 21, 2023 at 14:07 PM EDT
China announced an extension of tax waivers on electric and green vehicles through 2027. Chinese EV manufacturer’s stocks gained in overnight trading, a potential benefit for the KraneShares Electric Vehicles and Future Mobility ETF (KARS), a fund currently in strong buy territory. The Chinese government revealed a tax break package worth 520 billion yuan ($72.3 [...] The post EV Stocks Rise on China’s Newest Tax Breaks, KARS Benefits appeared first on ETF Trends .
