Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV)

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The fund invests at least 80% of its total assets in the securities of the index. The index is designed to provide exposure to exchange-listed companies that are involved in the development of electric vehicles and/or autonomous vehicles, including companies that produce electric/hybrid vehicles, electric/hybrid vehicle components and materials, autonomous driving technology, and network connected services for transportation. It is non-diversified.

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Global X Autonomous & Electric Vehicles ETF

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Il litio, il nuovo &#34;oro bianco&#34;, attrae i colossi petroliferi. Un&#39;analisi sugli investimenti che stanno ridefinendo il futuro energetico.

Prima ExxonMobil e ora Chevron: la corsa all&#39;oro bianco è iniziata

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Cosa significano le nuove tariffe per case auto, fornitori e investitori? L&#39;esperto Jim Cramer svela strategie per proteggere il portafoglio.

Jim Cramer analizza l&#39;impatto dei dazi sull&#39;industria automobilistica

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QNX, a subsidiary of BlackBerry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), and Vector Informatik have <a href="https://www.benzinga.com/pressreleases/25/06/ac46050181/qnx-and-vector-sign-memorandum-of-understanding-to-launch-foundational-vehicle-software-platform" target="_blank" rel="noreferrer noopener">signed a Memorandum of Understanding</a> (MoU) to jointly create a new software platform designed to support the development of software-defined vehicles (SDVs).
This next-generation solution will be designed to help accelerate the development of software-defined vehicles (SDVs) and reduce the complexity of automotive software integration.
Called the Foundational Vehicle Software Platform, the solution will merge Vector&#8217;s middleware and QNX&#8217;s safety-certified OS to create a streamlined base for applications running across vehicle ECUs.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44633991/blackberrys-qnx-secure-comms-growth-weighed-down-by-tariff-uncertainties-government-election-shifts-analyst" target="_blank" rel="noreferrer noopener">BlackBerry&#8217;s QNX, Secure Comms Growth Weighed Down By Tariff Uncertainties, Government Election Shifts: Analyst</a>
The platform will also incorporate Tech Auto&#8217;s MotionWise Schedule for the deterministic scheduling of components.
The goal is to reduce repetitive development work for automakers and foster faster delivery of vehicle software, all while aligning with key automotive safety and cybersecurity standards.
An early-access version will launch later this year for prototyping and partner feedback, with a fully certified release planned for late 2026.
The platform will be showcased at the Automobil-Elektronik Kongress on June 24–25 in Ludwigsburg, Germany. 
QNX COO John Wall said the project aims to &#8220;build smarter, safer vehicles, faster,&#8221; while Vector President Matthias Traub called it a step toward empowering the entire automotive ecosystem to create the next generation of intelligent vehicles.
Investors tracking developments in the software-defined vehicle space may also want to watch Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), along with ETFs such as Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) and iShares U.S. Tech Breakthrough Multisector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECL#NYSE">TECL</a>).
Price Action: BB shares are trading higher by 1.06% to $4.28 at last check Monday.
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BlackBerry's QNX, Vector Partner To Develop Next-Gen Vehicle Software Platform

Chevron U.S.A., a subsidiary of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), announced its intention to enter the lithium market last week by acquiring lease rights to approximately 125,000 net acres spanning northeast Texas and southwest Arkansas.
The rights, acquired from TerraVolta Resources and East Texas Natural Resources, give the firm access to the Smackover Formation – a geologic unit rich in <a target="_blank" href="https://www.benzinga.com/topic/lithium" rel="noreferrer noopener">lithium-bearing brine</a>.
"This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies," <a target="_blank" href="https://www.chevron.com/newsroom/2025/q2/chevron-enters-domestic-lithium-sector-to-support-us-energy-security" rel="noreferrer noopener">said</a> Jeff Gustavson, president of Chevron New Energies.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45948096" rel="noreferrer noopener">Exxon Mobil, Chevron, Occidental Petroleum In Focus As Expert Says ‘US Economy Is Far Less Sensitive To An Oil Shock' Amid Israel-Iran Conflict</a>
"Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. This opportunity builds on many of Chevron's strengths, including subsurface resource development and value chain integration," he added.
The Smackover Formation is famous for its high lithium content and established infrastructure. The brine, a byproduct of oil and gas production, makes diversification particularly appealing for oil majors looking to expand into other markets without straying too far from their core expertise. The repurposing of these brine reservoirs presents both a low-carbon opportunity and a cost-effective path into the critical minerals sector.
Chevron plans to employ <a target="_blank" href="https://lithium.org/wp-content/uploads/2024/06/Direct-Lithium-Extraction-DLE-An-introduction-ILiA-June-2024-v.1-English-web.pdf" rel="noreferrer noopener">direct lithium extraction</a> (DLE) technologies to process the brine. Unlike conventional methods, which rely on vast evaporation ponds that require months and consume large amounts of land and water, DLE utilizes advanced materials to extract lithium ions from brine selectively.
The technology promises a faster, more efficient extraction process with a smaller environmental footprint. While DLE is still an emerging technique, it's gaining traction among energy giants aiming to modernize domestic lithium production.
Through this effort, Chevron has joined another domestic oil major, ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), which is advancing its own <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37182798/exxons-lithium-experiment-could-be-winner-for-oil-company-state-of-arkansas" rel="noreferrer noopener">DLE project in Arkansas</a> through the subsidiary Mobil Lithium.
Exxon acquired 485 square kilometers of Smackover acreage in 2023 and aims to supply enough lithium for one million electric vehicles per year by 2030. The company has already inked a preliminary supply agreement with battery manufacturer SK On.
Despite lithium prices plunging from a high of $80,000 per ton in 2022 to around $8,400 today, the interest from Chevron, ExxonMobil, and others signals a longer-term bet.
These oil majors are acquiring lease rights and investing in capital expenditures during the market downturn, positioning themselves to be key suppliers when the rebound arrives.
Read Next:
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</ul>
Photo by Juan Roballo via Shutterstock

Chevron Joins Lithium Race With 125,000-Acre Texas-Arkansas Deal

Senmiao Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIHS#NASDAQ">AIHS</a>) on Friday announced a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/g45922822/senmiao-technology-signs-a-strategic-cooperation-agreement-with-changsha-yipeng-to-develop-an-ai-b" rel="noreferrer noopener">strategic partnership</a> with Changsha Yipeng Information Technology Co., Ltd. to develop an AI-backed data management system to improve efficiency of online ride-hailing management platforms.
The system will leverage Senmiao&#8217;s historical data on drivers, vehicles, and riders to improve fleet efficiency and service safety. Changsha Yipeng, with over a decade of experience in AI and data systems, will lead the platform&#8217;s development.
The two companies will also pursue joint funding to support the project&#8217;s rollout.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45749260/weride-renault-bring-autonomous-shuttles-back-to-roland-garros-in-paris" rel="noreferrer noopener">WeRide, Renault Bring Autonomous Shuttles Back To Roland-Garros In Paris</a>
&#8220;Following the recent sale of our ride-hailing platform, we&#8217;ve been looking for new ways to monetize our large data assets,&#8221; said Xi Wen, Chairman and CEO of Senmiao. &#8220;This partnership helps us unlock that value through advanced AI capabilities.&#8221;
With this move, Senmiao is shifting toward becoming a tech enabler for mobility service providers, focusing on data-driven solutions rather than platform operations.
On Thursday, Senmiao Technology <a href="https://www.benzinga.com/pressreleases/25/06/g45901107/senmiao-technology-and-qinhong-international-group-sign-a-strategic-cooperation-agreement-to-joint" target="_blank" rel="noreferrer noopener">signed</a> a strategic agreement with Qinhong International Group to expand its presence across China and access new financing channels.
The partnership aims to leverage shared customer networks and financial relationships to support growth and increase revenue opportunities for both companies.
Related ETFs: Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), First Trust Nasdaq Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROBT#NASDAQ">ROBT</a>).
Price Action: AIHS shares are trading lower by 43.72% to $0.58 premarket at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45921026/chinese-antitrust-regulator-delays-35-billion-us-chip-merger-amid-trade-tensions-report" target="_blank" rel="noreferrer noopener">Chinese Antitrust Regulator Delays $35 Billion US Chip Merger Amid Trade Tensions: Report</a></li>
</ul>
Image via Shutterstock

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ROBT

Senmiao Technology Signs AI Deal To Leverage Historical Ride-Hailing Data

Self-driving cars are poised to disrupt the $430-billion U.S. auto insurance market, according to Goldman Sachs, as fewer accidents and shifting risks could cut insurance costs by more than half over <a href="https://www.benzinga.com/topic/expert-ideas">the next 15 years.</a>
In a research note shared Monday, Goldman analyst Mark Delaney indicated that insurance costs are projected to decline from roughly $0.50 per mile in 2025 to just $0.23 per mile by 2040.
That compression could severely challenge the current economics of the insurance sector.
&#8220;Autonomy could significantly reduce the number of auto accidents, particularly those caused by human error,&#8221; Delaney stated. 
<h3 class="wp-block-heading">Autonomous Vehicles Threaten Auto Insurance Model, But Industry Has Time To Adjust</h3>
The U.S. auto insurance market stands at around $432 billion today, including $360 billion in personal coverage and $72 billion in commercial.
 As vehicles become safer and smarter, Goldman sees a major transformation in how risk is priced and how legal liability is assigned.
"The two primary long-term risks to auto insurers, are declines in accident frequency and changes in claim costs and legal liability," Delaney said.
Autonomy, especially through Advanced Driver Assistance Systems (ADAS), is already reducing accident frequency while simultaneously pushing up repair costs due to increasingly complex vehicles. 
Goldman forecasts that even with declining accident rates, a modest rise in total vehicle count and higher cost per claim—driven by both tech-heavy cars and litigation—will support modest premium growth over the next 10 to 15 years.
&#8220;We expect a continuation of the modest real growth that the auto insurance market has produced over recent decades/years, driven by increases in the number of vehicles and above-CPI increases in cost per claim,&#8221; Delaney said. 
While the long-term outlook for autonomous vehicles shows potential growth, the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) has slipped 7% year-to-date, still reflecting some market skepticism.
<h3 class="wp-block-heading">Will Robotaxis Kill Traditional Insurance?</h3>
Self-driving vehicles are creating both threats and opportunities for the car insurance industry. Goldman estimates that the market for robotaxi insurance could reach $1 billion to $1.5 billion by 2030, still a small fraction of the broader market.
Yet, new players may enter the market posing a competitive threat to established insurers. 
&#8220;Some larger companies in the AV space could self-insure,&#8221; the note said, thus reducing the commercial opportunity for traditional insurers such as Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) and Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>). 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) are already offering insurance, though mainly on a small scale. Tesla earned about $317 million in insurance revenue in 2024, while Rivian partners with underwriters like Nationwide and Progressive to avoid taking on risk directly.
More than just who underwrites coverage, the very nature of auto insurance could change. 
According to Goldman Sachs, autonomy could shift insurance from covering driver error to managing product liability and cyber risks—areas that fall outside the traditional underwriting expertise of most insurers. 
Traditional insurers may need to invest in new capabilities to stay competitive, while automakers looking to expand into insurance will have to prove they can manage risk profitably without adding balance sheet losses.
Read Next:
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</ul>
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Self-Driving Cars May Slash Insurance Costs 50% By 2040, Challenge Traditional Insurers: Goldman Sachs

WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>), a leading global developer of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/g45741282/weride-teams-up-with-renault-to-bring-autonomous-shuttle-to-roland-garros-again" rel="noreferrer noopener">autonomous driving technology</a>, announced on Tuesday it will once again partner with Renault Group, a key Roland-Garros sponsor, to provide a Level-4 self-driving minibus shuttle during the 2025 Grand Slam tennis tournament in Paris.
The return of the Robobus service highlights the successful partnership between the two companies. After a dependable debut last year, the shuttle will run a 2.8-kilometer loop connecting key venues around Roland-Garros daily from May 25 to June 8.
A new addition for this year is a night schedule, operational from 10 p.m. to midnight, thereby enhancing access during periods of low light.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45742446/toyota-restructures-complex-shareholding-pattern-in-mobility-push" rel="noreferrer noopener">Toyota Restructures Complex Shareholding Pattern In Mobility Push</a>
Tony Han, WeRide&#8217;s founder and CEO, emphasized the importance of their continued presence at Roland-Garros and their focus on expanding in Europe.
Patrick Vergelas, Autonomous Mobility Project Manager at Renault Group, highlighted the growing societal acceptance of autonomous transit. &#8220;From Roland-Garros to Barcelona, via Valence, Renault and WeRide demonstrate that autonomous mobility is no longer a promise, but a reality,&#8221; he stated.
This initiative follows WeRide and Renault&#8217;s launch in March 2025 of Europe&#8217;s first fully driverless commercial <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/44041348/werides-robobus-rolls-out-in-france-with-renault-beti-backing-details" rel="noreferrer noopener">Robobus</a> in France&#8217;s Drôme region and a Level-4 autonomous shuttle trial in Barcelona. Powered by WeRide&#8217;s proprietary system, the Robobus operates in nearly 30 cities worldwide, including Singapore, Switzerland, France, and China.
WeRide reported <a target="_blank" href="https://www.benzinga.com/cannabis/25/05/45541961/whats-going-on-with-weride-stock-on-wednesday" rel="noreferrer noopener">$10 million in revenue</a> for the first quarter of 2025, a 1.8% increase year-over-year. Product sales, including robotaxis and robosweepers, rose to $1.3 million. The robotaxi segment grew to 22.3% of total revenue. Gross margin remained steady at 35%.
ETFs such as the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) and the iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) also provide exposure to this emerging market.
Price Action: WRD shares are trading lower by 2.55% to $9.55 at last check Tuesday.
Read Next:
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Photo by Tada Images via Shutterstock

WeRide, Renault Bring Autonomous Shuttles Back To Roland-Garros In Paris

Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) might be in for a rough week, according to the Managing Partner of The Future Fund, Gary Black, following the announcement of steep discounts by the company&#8217;s Chinese rival.
What Happened: Black took to X on Monday, addressing concerns regarding the latest price war in the highly competitive EV market and its impact on Tesla. He was referring to Chinese automaker BYD Auto Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and its recently announced discounts ranging from 6% and 20% across its EV franchises.
He notes that shares of BYD are down 7.7% in the Hong Kong stock exchange, which he attributes to the price cuts that are set to last until June 30. He also says that these cuts &#8220;will likely be matched by Chinese EV competitors,&#8221; hinting at a race to the bottom.
See Also: <a href="https://www.benzinga.com/tech/25/05/45610924/jensen-huang-says-biden-era-export-control-was-a-failure-if-they-dont-have-enough-nvidia-they-will-use-their-own">Jensen Huang Says Biden-Era &#8216;Export Control&#8217; Was A Failure: &#8216;If They Don&#8217;t Have Enough Nvidia, They Will Use Their Own&#8217;</a>
&#8220;This could weigh down $TSLA when it resumes trading Tuesday,&#8221; he says, despite the positive macroeconomic news, such as Trump&#8217;s decision to extend the tariff deadline for the EU, which Black believes holds limited upside for Tesla. 
On CEO Elon Musk's recent pledge to re-focus on Tesla, Black states bluntly that he views the announcement as a &#8220;non-event,&#8221; adding that it would do little to &#8220;change TSLA's declining delivery trajectory,&#8221; which consensus estimates peg at 1.7 million for the full-year, down 5% on a year-over-year basis.
Black also expressed skepticism over Tesla's upcoming low-cost EV, expected in the third quarter. He&#8217;s concerned that it may end up being &#8220;a scaled-down Model 3 or Model Y,&#8221; rather than an entirely new design. 
If that's the case, he argues, the vehicle likely won't expand Tesla's total addressable market or attract new buyers outside its existing base.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BYDDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BYDDY</a> -7.7% in Asia (1211 HK) after announcing temporary price cuts on 22 different EV models within its Dynasty and Ocean franchises that will run through June 30. The price cuts range from 6-20% and will likely be matched by Chinese EV competitors. This could weigh down… <a href="https://t.co/NK0k0Bwogp">https://t.co/NK0k0Bwogp</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1926863139594817712?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote>
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Why It Matters: Musk&#8217;s return to the company as its full-time CEO, following a brief stint in the government has led to a 49% rally in the stock since it was first <a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">announced last month</a>.
Wedbush Securities Analyst Dan Ives said last week that the company could be headed towards its &#8220;golden period&#8221; following Musk recommitting to the brand, predicting a <a href="https://benzinga.com/markets/25/05/45596536/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market">$2 trillion market cap</a> for the stock, citing its robotics and robotaxi plays.
Black, however, remains skeptical of the <a href="https://www.benzinga.com/25/05/45488706/gary-black-thinks-expectations-for-teslas-robotaxi-launch-are-too-high-currently-teslas-autonomy-cant">company&#8217;s robotaxi promises</a>, having said last week that &#8220;Tesla&#8217;s autonomy can&#8217;t be operated hands off/eyes off in most areas of the country,&#8221; calling the company&#8217;s claims into question, along with those of other Tesla bulls.
Ross Gerber of Gerber Kawasaki Wealth Management, who was a long-time Tesla bull himself, echoed similar concerns last week, citing his own experience using the Cybertruck&#8217;s FSD (Full Self-Driving) 13.2.9, which he found to be lackluster.
&#8220;This could be an extremely difficult time for them if they don't pull off or at least convince people that they have a real robotaxi business on the way,&#8221; Gerber said, adding that he believes the stock has been &#8220;overvalued for a while.&#8221;
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<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
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<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">-10.53%</td>
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<tr>
<td class="has-text-align-center" data-align="center">Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</td>
<td class="has-text-align-center" data-align="center">17.96%</td>
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<tr>
<td class="has-text-align-center" data-align="center">BYD Auto Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>)</td>
<td class="has-text-align-center" data-align="center">78.57%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td class="has-text-align-center" data-align="center">-15.51%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td class="has-text-align-center" data-align="center">-16.04%</td>
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<tr>
<td class="has-text-align-center" data-align="center">Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>)</td>
<td class="has-text-align-center" data-align="center">-4.82%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>)</td>
<td class="has-text-align-center" data-align="center">-2.59%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Tesla shares were down 0.50% on Friday, trading at $339.34. Shares of BYD Auto were down 8.59% on Monday, and have extended their decline into Tuesday, with the stock trading down 2.25%, at $415.80 HKD, on the Hong Kong Stock Exchange.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-1024x137.png" alt="" class="wp-image-927778" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM.png 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla is ranked high across all metrics, besides Value, where it scores 8.76th percentile. It has a favorable price trend in the short, medium, and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights on the stock and its peers. 
Photo Courtesy: ssi77 on Shutterstock.com
Read More:
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<li><a href="https://www.benzinga.com/25/05/45609982/elon-musk-rival-ray-kurzweils-beyond-imagination-lands-100m-deal-as-tesla-nvidia-meta-race-toward-ai-powered-humanoid-robots">Elon Musk Rival? Ray Kurzweil&#8217;s Beyond Imagination Lands $100M Deal As Tesla, Nvidia, Meta Race Toward AI-Powered Humanoid Robots</a></li>
</ul>

Travel

BYDDF

HAIL

LCID

Gary Black Says Price War By BYD Threatens Tesla — Dismisses Elon Musk's Comeback As 'Non-Event'

Chinese carmaker BYD Company ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) might have stolen the April electric vehicle title in Europe, but markets didn&#8217;t bat an eyelid. Neither did Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares.
<a href="https://www.benzinga.com/25/05/45564693/byd-outsells-elon-musks-tesla-amid-european-plans-shift-into-gear">BYD sold 7,231 battery electric cars (BEVs) in Europe in April</a>, edging out Tesla, which sold 7,165, new figures from JATO Dynamics show. Although the milestone represents a symbolic turning point in the European EV battle, it didn&#8217;t dent investor faith, as Tesla shares gained more than 2% on the day of the news.
It's the first time a Chinese brand has outsold Tesla in Europe's BEV segment, a region where the U.S. automaker has long held the pole position. BYD's ascent has been swift: the company began serious expansion into Europe only in late 2022. 
But markets appear to be betting that it&#8217;s only short-term turbulence for Tesla.
<h1 class="wp-block-heading">ETF Exposure: Why Tesla Still Matters</h1>
Tesla&#8217;s short fall in European rankings will be a speed bump, but for <a href="https://www.benzinga.com/etfs">ETFs tracking the EV and clean energy theme</a>, the larger picture still seems intact. 
Tesla is still a top holding in many of the large ETFs, like the ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), and iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>), and today&#8217;s market response indicates that few are heading for the exits.
ARKK continues to hold a significant stake in Tesla (12.95%), relying on its push into autonomous mobility, artificial intelligence, and robotics. The upcoming robotaxi pilot and production of the Cybercab next year are part of ARKK's high-conviction, future-focused strategy. For investors betting on transformative tech, Tesla is still a solid play. The fund was up 1.42% at publication on Thursday.
ETFs like DRIV and IDRV has a wider exposure across the EV supply chain, including traditional automakers, chipmakers and software providers. Tesla is still one of the top holdings in both, but these funds also include companies like NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which help cushion any Tesla-specific volatility. 
This diversified approach makes it attractive to investors looking to benefit from the EV trend without putting all their chips on one automaker. Interestingly, though, IDRIV has rejigged its portfolio to dedicate the largest percentage distribution to BYD. Both the funds were fairly non-reactive to the news today.
Also Read: <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">Tesla Bull Dan Ives Thinks Elon Musk&#8217;s EV Giant Could Be Entering A &#8216;Golden Era,&#8217; Says 2 Trillion Market Cap &#8216;On The Table&#8217;</a>
<h1 class="wp-block-heading">Short-Term Wobble, Long-Term Vision</h1>
Tesla&#8217;s recent delivery downturn, continuing production interruptions and waiting for updated models such as the new Model Y have caused short-term headwinds. 
The stock is down more than 9% so far this year on an aggregate. Nevertheless, the company&#8217;s long-term strategy, backed by robotaxis, AI-based innovations, energy storage and next-generation vehicle platforms, is still compelling. Tesla&#8217;s pilot robotaxi launch will start as early as June in Austin, while a larger commercial fleet (Cybercab) is scheduled for 2026. 
For ETFs such as ARKK, which are constructed on narratives of innovation, Tesla still fits the thesis.
<h1 class="wp-block-heading">BYD&#8217;s Rise = A Diversification Opportunity</h1>
BYD&#8217;s increasing foothold in Europe, despite the tariffs on Chinese manufacturers imposed by the European Union, underscores the need for geographic diversification across EV ETFs. Funds like KraneShares Electric Vehicles and Future Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>), which encompass both Western and Chinese carmakers, are uniquely positioned to capitalize on the worldwide nature of EV growth. BYD is also growing rapidly, doubling international sales in April on a year-over-year basis, and establishing manufacturing platforms in Hungary and Turkey to circumvent EU import tariffs.
<h1 class="wp-block-heading">ESG Considerations And Musk&#8217;s Shadow</h1>
Tesla CEO Elon Musk, remains a magnet for attention, some of it unwanted. Protests and controversy surrounding his politics have generated backlash in the U.S. and Europe, creating an overhang for ESG-oriented funds. Nevertheless, for most ETFs, the firm&#8217;s role in electrification and renewable energy exceeds the reputation risk, at least in the short term.
<h1 class="wp-block-heading">Room To Grow</h1>
Tesla&#8217;s affordability, volume expansion, and capital-free manufacturing focus is unbroken. The firm is targeting lower-cost models and expanding production with minimal incremental capital, aiming for a 60% uplift ratio over 2024 levels. Its energy segment is also picking up, with record Powerwall installations and expanding margins.
<h1 class="wp-block-heading">Conclusion</h1>
BYD&#8217;s passing of Tesla in Europe&#8217;s EV rankings is news-worthy, but not necessarily the turning point. ETF investors and the broader market seem to be seeing through the noise and concentrating on fundamentals. Tesla might be facing choppy waters today, but it remains an ETF pick and is at the center of the future of mobility and innovation.
As the EV industry continues to grow, ETFs that accept Tesla&#8217;s long-term vision along with the emergence of legitimate challengers such as BYD might be the most balanced way to go.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45570155/new-usng-etf-targets-natural-gas-infrastructure-amid-rising-energy-demand">Amplify, Samsung Launch Natural Gas ETF To Power Up AI-Era Infrastructure Boom</a></li>
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Global

Trading Ideas

AAPL

ARKK

BYDDY

KARS

BYD Outsells Tesla In Europe, But These ETFs Still Back Elon's EV Empire

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) recalls nearly 274,000 SUVs in the U.S. due to a brake line defect.
The <a href="https://static.nhtsa.gov/odi/rcl/2025/RCLRPT-25V314-7594.PDF" target="_blank" rel="noreferrer noopener">recall</a> affects certain Ford Expedition and Lincoln Navigator models built between 2022 and 2024.
According to the National Highway Traffic Safety Administration, front brake lines in some vehicles may have been bent during assembly. This could cause them to contact the engine air cleaner outlet pipe and increase the crash risk. 
Of the 273,789 affected vehicles, about 223,315 are Expeditions and 50,474 are Navigators. Ford traced the issue to its Kentucky Truck Plant, where a revised radiator hose stowage procedure was introduced in November 2024.
Related: <a href="https://www.benzinga.com/markets/25/05/45277938/ford-hikes-prices-of-select-mexico-produced-vehicles-amid-auto-tariff-uncertainty-report" target="_blank" rel="noreferrer noopener">Ford Hikes Prices Of Select Mexico-Produced Vehicles Amid Auto Tariff Uncertainty</a>
As of April, Ford received 45 warranty claims, two field reports, and two customer service complaints related to the issue. No one reported accidents or injuries thus far. The company&#8217;s Field Review Committee approved the recall on May 2, 2025.
Ford will notify owners by mail and instruct them to bring their vehicles to a Ford or Lincoln dealer to inspect the front brake line.
Related ETFs: Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), iShares U.S. Consumer Goods ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYK#NYSE">IYK</a>).
Price Action: F shares are trading lower by 0.28% at $10.57 premarket on the last check Wednesday.
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Image: Shutterstock

iShares Trust Dow Jones USnsumer Goods Sector Index Fund

Ford Issues Recall Of Over 270,000 Vehicles As Safety Concerns Mount

Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) and Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) inspired GraniteShares to launch two new <a href="https://www.benzinga.com/etfs">exchange-traded funds</a>.
What Happened: In the latest fuel for <a href="https://www.benzinga.com/topic/electric-vehicle">EV-thematic investors</a>, GraniteShares unveiled two <a href="https://www.benzinga.com/etfs">single-stock ETFs</a>. They&#8217;re designed to return 2x the day&#8217;s return of their respective underlying stocks.
This means when Lucid has a decent hair day in the market, the GraniteShares 2x Long LCID Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCDL#NASDAQ">LCDL</a>) attempts to double down on it. 
Similarly, when Rivian gets revs up, the GraniteShares 2x Long RIVN Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVNL#NASDAQ">RVNL</a>) seeks to floor it.
But, as a word of caution, these ETFs are <a href="https://www.globenewswire.com/news-release/2025/04/22/3065412/0/en/GraniteShares-2x-Long-LCID-Daily-ETF-LCDL-and-GraniteShares-2x-Long-RIVN-Daily-ETF-RVNL-Launch-Today.html">designed </a>for tactical traders, not long-haul investors, as the funds reset daily. 
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44895562/3-high-risk-etfs-aggressive-retail-investors-cant-stop-buying">3 High-Risk ETFs Aggressive Retail Investors Can&#8217;t Stop Buying</a>
Why It Matters: Lucid, with its luxury sedans and in-house battery technology, cut a niche in the premium EV market. Its cars are designed and built in California and feature fresh styling and serious range.
Rivian, on the other hand, is more rugged with its R1T pickup and R1S SUV, not to mention its high-profile Electric Delivery Van (EDV) fleet. The company is also made and based in the U.S., targeting consumers and commercial customers who want environmentally friendly transport.
Both stocks have recently experienced a rough ride, making them good targets for traders wagering on short-term rebounds—or reversals.
Other ETFs To Watch: It&#8217;s worth noting that GraniteShares&#8217; LCDL and RVNL ETFs are not for Sunday drivers. They are designed for pit-stop traders who have an iron stomach and are watching the daily ticker.
For investors who want to tap into the wider EV universe with less volatility than single-stock plays, keep an eye on the following:
<ul>
<li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), which provides diversified exposure to both EV producers and top suppliers in AI and battery technology. It&#8217;s been a consistent performer during macro headwinds. Looking at the rear view mirror, the ETF has dipped 12.8% in the past year. However, a longer look down the road shows that it has gained 61.62% in the past five years. The expense ratio it carries is 0.68%.</li>
</ul>
<ul>
<li>iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>), which offers international exposure to leaders in autonomous and electric vehicle innovation. Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), BYD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are some of its best holdings. The past year price performance is discouraging at a loss of 4.53%. However, the fund has gained more than 20% in the past five years. The expense ratio of the fund is 0.47%.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44896063/global-x-doubles-down-on-domestic-strength-with-new-etf-pair">Global X Doubles Down On Domestic Strength With New ETF Pair</a></li>
</ul>
Image: Shutterstock

New ETFs

LCDL

RVNL

GraniteShares Unleashes 2x Lucid And Rivian ETFs, But Are DRIV And IDRV The Smarter EV Plays?

As President Donald Trump&#8216;s auto tariffs pulled the markets down on Wednesday, he shrugged off the selloff worries, saying that markets can &#8220;take care of itself&#8221;.
What Happened: During the press briefing on Wednesday, Trump was asked about the market fall after a three-day advance as the newly introduced auto tariffs stoked another round of decline in the equities.
Responding to the question, Trump said that he wants to &#8220;see jobs&#8221; and he wasn&#8217;t concerned about the stock market.
&#8220;That can take care of itself in one day, two days, or one week,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Reporter: The NASDAQ was down 2% at close. S&amp;P 500 down 1%. President Trump: Is that today? Reporter: Yes, sir. President Trump: I didn&#39;t see that&#8230; that can take care of itself. <a href="https://t.co/ws2Ww08Mgx">pic.twitter.com/ws2Ww08Mgx</a>
&mdash; unusual_whales (@unusual_whales) <a href="https://twitter.com/unusual_whales/status/1905018483018170710?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
After Wednesday, the Nasdaq 100 slipped into the correction zone again as it fell 10.38% from its 52-week high, while the S&amp;P 500 index was 7.08% lower from the record levels. Dow Jones, on the other hand, was 5.81% down from its 52-week high.
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Why It Matters: New auto tariffs starting April 3 aim to generate $100 billion annually and spur U.S. manufacturing, reducing reliance on global supply chains, the Associated Press <a href="https://apnews.com/article/autos-tariffs-trump-tax-imports-ford-gm-e53823ef7bbb7b3c46d11eca90aaa638?user_email=97d05b29432d778bbb1ffb8f16f2769451bf1d6125981f71ceccbe18ec8d01d8&amp;utm_medium=APNews_Alerts&amp;utm_source=Sailthru_AP&amp;utm_campaign=NewsAlert_Mar26_2025_05:37PM&amp;utm_term=AP%20News%20Alerts#">reported</a>. 
<a href="https://www.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move">President Trump stated</a>, &#8220;This will continue to spur growth.&#8221; However, American automakers using global components may face higher costs and lower sales. The administration counters that automakers have excess capacity for domestic production and were aware of potential tariffs. Under USMCA, the 25% tariff affects only non-U.S. content in autos and parts from Mexico and Canada. 
Earlier this month, President Donald Trump did not rule out the likelihood of a recession and said the economy was in a "period of transition."
Here is the list of automotive ETFs to keep an eye on.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Automobile ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>First Trust S-Network Future Vehicles &amp; Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>)</td>
<td>-0.39%</td>
<td>-2.56%</td>
</tr>
<tr>
<td>abrdn Physical Palladium Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PALL#NYSE">PALL</a>)</td>
<td>5.97%</td>
<td>-2.60%</td>
</tr>
<tr>
<td>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>)</td>
<td>-2.43%</td>
<td>-8.84%</td>
</tr>
<tr>
<td>Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>)</td>
<td>0.47%</td>
<td>-11.21%</td>
</tr>
<tr>
<td>KraneShares Electric Vehicles and Future Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>)</td>
<td>5.82%</td>
<td>-1.68%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Thursday. The SPY advanced 0.039% to $568.81, and the QQQ fell 0.11% to $483.86, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, SPY declined 1.19% to $568.59, and the QQQ dropped 1.84% to $484.38, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data on Wednesday.
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Photo courtesy: Shutterstock

Futures

PALL

Trump Reacts To Selloff Following Auto Tariffs: 'That Can Take Care Of Itself In One Day, Two Days, Or One Week'

KoBold Metals, a startup backed by billionaires Bill Gates and Jeff Bezos, has approached the Democratic Republic of Congo's (DRC) government with an offer to develop one of the world's largest hard rock <a target="_blank" href="https://www.benzinga.com/topic/lithium" rel="noreferrer noopener">lithium mines</a>.
The mining startup looks to take over the disputed mining license for the Roche Dure deposit, taking advantage of the two governments' discussions about a potential <a target="_blank" href="https://www.benzinga.com/25/03/44216408/dr-congo-explores-a-minerals-for-security-deal-with-the-us" rel="noreferrer noopener">minerals-for-security partnership</a>.
KoBold's bid could resolve an ongoing dispute between Australia's AVZ Minerals and China's Zijin Mining Group. AVZ, which previously controlled the lithium project, lost its rights in 2023 when the government split the permit, handing part of it to Zijin. Per Bloomberg's <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-21/kobold-makes-offer-for-congo-lithium-as-country-courts-us" rel="noreferrer noopener">report</a>, KoBold's proposal involves compensating AVZ and acquiring the remaining stake while allowing Zijin to maintain control over the northern section of the deposit.
Despite an 80% decline in lithium prices since a peak in 2022, Zijin has actively expanded its operations, acting greedy when others are fearful in anticipation of a future demand and price rebound.
Meanwhile, KoBold staked its claim as a unique company in this industry, using a proprietary AI-powered technology that analyzes geological data more accurately than traditional exploration methods.
This tech-driven approach has attracted over $400 million in funding from high-profile investors, including Breakthrough Energy Ventures (founded by Gates) and Bezos' Bezos Expeditions.
Arguably, the company's best success has been in neighboring Zambia, where it found the Mingomba asset – possibly the <a target="_blank" href="https://www.benzinga.com/news/24/02/36940360/kobold-metals-announces-historic-copper-discovery-in-zambia" rel="noreferrer noopener">best copper asset in the country</a>. Experts believe that once operational in the early 2030s, it could rival Zijin's Kamoa-Kakula mine in DRC, which produced almost 400,000 tons of copper in 2023.
While DRC is the world's largest producer of cobalt, lithium extraction in the country has lagged behind other regions, such as Australia and South America.
Roche Dure could change the balance, placing the country on the map of major battery-grade lithium producers, as KoBold's interest aligns with the effort to bring this region closer under U.S. influence and pacify the unrest that threatens mineral production.
Still, extraction of hard rock lithium requires extensive open-pit excavation. This traditional method generates significantly more waste rock, consumes vast amounts of water, and uses toxic chemicals in processing, posing greater risks to local ecosystems and communities. Yet, in anticipation of lithium demand, companies are increasingly looking for large-scale projects.
KoBold Metals remains a private company, but CEO Josh Goldman told CNBC a year ago that it plans to go public within three to four years.
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Photo via Shutterstock

Asset Sales

FEAM

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

LITM

LTHM

Gates And Bezos-Backed Startup Makes Move For DR Congo's Lithium

We might see Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) riding the next wave of the autonomous revolution with a revolutionary tie-up between General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). With GM leveraging Nvidia&#8217;s AI brawn to create autonomous driving technology, <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44399929/how-the-nvidia-gm-partnership-could-challenge-tesla-boost-uber">Uber stands to gain significantly </a>as the ride-hailing sector moves closer to an autonomous future. And for investors looking to cash in on this trend, certain <a href="https://www.benzinga.com/etfs">ETFs could be the way to go</a>.
ETFs That Could Benefit
If you're looking to play the Uber angle in this self-driving shake-up, here are some ETFs that offer solid exposure:
iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>)
Why It Matters: Puts emphasis on leading transportation and logistics companies and Uber&#8217;s AV aspirations may accelerate its long-term growth. Holds Uber as one of its core holdings, allocating over 19% to it currently.
Cambiar Aggressive Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NYSE">FTXR</a>)
Why It Matters: Seeks long-term capital appreciation by way of an alpha-generating strategy. The firm suggests this fund for investors with higher risk tolerance. 5.85% of the fund is allocated to Uber.
Pacer US Cash Cows Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUL#NYSE">BUL</a>)
Why It Matters: Targets capital appreciation by mirroring the S&amp;P 900 Pure Growth Index for the top 50 companies based on free cash flow yield. 6.54% of the fund is dedicated to Uber.
Also Read: <a href="https://www.benzinga.com/insights/news/25/03/44342158/100-invested-in-uber-technologies-5-years-ago-would-be-worth-this-much-today">$100 Invested In Uber Technologies 5 Years Ago Would Be Worth This Much Today</a>
The Uber Connection
GM&#8217;s recent partnership with Nvidia is a big bet on AI-powered automation, leveraging Nvidia&#8217;s AI know-how to speed up its autonomous push. The automaker previously deployed Nvidia&#8217;s chips in its Cruise robotaxis, and now it&#8217;s turning to driver-assistance technology for consumer vehicles. GM estimated that its Super Cruise technology would bring in $2 billion a year within five years, thus upping its competitive presence.
Uber&#8217;s not sitting on its hands, either. The ride-hailing company has already partnered with GM&#8217;s Cruise unit, seeing a future where Uber passengers might order up self-driving Chevys run by Nvidia&#8217;s AI. CEO Dara Khosrowshahi has indicated clearly enough -Uber views self-driving technology as a tremendous core of its long-term plan.
With Uber, GM and Nvidia pushing the boundaries of AI-driven transportation, the investment opportunities are hard to ignore. If you're looking for a way to ride this wave, these Uber-focused ETFs might be your best bet.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/03/44401175/oil-prices-ease-what-it-means-for-energy-etfs-investors">Oil Prices Ease: What It Means For Energy ETFs, Investors</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

Topics

iShares Dow Jones Transportation Average Index Fund

UBER

Betting On Uber's Driverless Future? These ETFs Could Pay Off

After President Donald Trump delayed the tariffs on automobile companies that comply with USMCA rules last week, the tariffs on carmakers were inevitable due to the high magnitude of imports, explained CNBC&#8217;s Jim Cramer in an X post.
What Happened: The Trump administration provided a one-month exemption to the automakers following the United States-Mexico-Canada Agreement, negotiated during his first term. These included automotive parts, accessories, and other supplier products along with completed vehicles.
As a one-month relief helped companies to chalk out their business plans, Cramer said that &#8220;Tariffs on cars are and have been expected,&#8221; as more than half the cars sold in the U.S. are imports and the tariffs on them are very small.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tariffs on cars are and have been expected. We have been saying this every day for weeks. More than half the cars sold here are imports and the tariffs are so small on them vs. what they do to us that it is about time.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1899862499740049828?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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Trump has been talking about his protectionist policies much before assuming office. Cramer hinted that these tariffs were inevitable.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If there was anyone out there who didn&#39;t expect tariffs on foreign cars you need to rethink your approach.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1899863327548850493?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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Apart from this, while speaking at a CNBC's event Converge Live, in Singapore, the chairperson of Alibaba Group Holding ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Joseph Tsai also acknowledged that "Everyone is concerned about tariffs."
He noted that even if Trump's tariff strategy was merely a negotiation tactic, there was still a strong possibility of targeted tariffs on Chinese electric vehicles. <a href="https://www.benzinga.com/25/03/44272657/alibaba-chairperson-says-everyone-is-concerned-about-tariffs-as-he-expects-levies-on-chinese-evs">Tsai</a> further suggested that this could be an effort to protect the American auto industry from potential competition.
See Also: <a href="https://www.benzinga.com/25/03/44272657/alibaba-chairperson-says-everyone-is-concerned-about-tariffs-as-he-expects-levies-on-chinese-evs">Alibaba&#8217;s Joseph Tsai Says &#8216;Everyone Is Concerned About Tariffs,&#8217; As He Expects Levies On Chinese EVs</a>
Why It Matters: While foreign carmakers Volkswagen and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) were in compliance with USMCA rules and received the one-month extension, BMW did not meet the criteria for exemption.
The &#8216;Big 3&#8217; Detroit automakers, which included General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Chrysler, which is now part of Stellantis, were also exempt from importing parts.
However, apart from the tariffs on automobiles and auto parts, on Wednesday, the Trump administration imposed sweeping tariffs on steel and auto imports, which will also affect the carmakers in the U.S. The European Union, impacted by these latest tariffs, responded within hours by imposing counter-duties on U.S. exports.
Glenn Stevens, who is the executive director at MICHauto, an automotive, mobility, and technology association, criticized Trump&#8217;s threat on Canada to shut down its auto industry. He said that the tariffs were &#8220;hampering and damaging the free trade bloc that currently operates as the USMCA.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You are going to shut down more than auto manufacturing in Canada. You are seriously hampering and damaging the free trade bloc that currently operates as the USMCA, signed into existence in your first administration. <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> <a href="https://twitter.com/hashtag/trade?src=hash&amp;ref_src=twsrc%5Etfw">#trade</a> <a href="https://twitter.com/hashtag/tariffs?src=hash&amp;ref_src=twsrc%5Etfw">#tariffs</a> <a href="https://t.co/9i3dq9Q3y2">pic.twitter.com/9i3dq9Q3y2</a>
&mdash; Glenn Stevens (@glennrstevens) <a href="https://twitter.com/glennrstevens/status/1899472482781814830?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Wednesday. According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, the SPY rose 0.53% to $558.87, and the QQQ also advanced 1.13% to $476.92.
Meanwhile, on Wednesday, the three automotive industry exposed ETFs;
<ul>
<li>First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) dropped 0.24%.</li>
<li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) rose 0.36%.</li>
<li>iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) declined 0.064%.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44273552/ray-dalio-says-china-is-way-ahead-in-ai-and-robotics-us-lags-in-mass-production">Ray Dalio Says China Is &#8216;Way Ahead&#8217; In AI And Robotics: US Lags in Mass Production</a></li>
</ul>
Photo courtesy: Shutterstock

Jim Cramer Says Auto Tariffs Are Inevitable As Alibaba's Joe Tsai Says Chinese EVs May Eventually Be Hit By Them: 'More Than Half The Cars Sold Here Are Imports'

The United States is considering a potential partnership with the Democratic Republic of Congo (DRC) to secure access to <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">critical minerals</a>, following discussions initiated by a senior Congolese official.
According <a target="_blank" href="https://www.ft.com/content/3f638e29-4790-4a10-b5b7-a79f9ef55491" rel="noreferrer noopener">to</a> the Financial Times, the DRC proposed a minerals-for-security deal, offering valuable resources for military support to address ongoing conflict in the region, particularly with the M23 rebel group who seized control of eastern parts of the North Kivu province.
President Felix Tshisekedi recently hinted at the deal in an interview for the New York Times, while a State Department spokesperson confirmed the situation.
"The DRC is endowed with a significant share of the world's critical minerals required for advanced technologies. The United States is open to discussing partnerships in this sector that align with the Trump administration's America First agenda," they said.
The DRC has significant mineral resources, including cobalt, lithium, copper, and tantalum. It is a global leader in cobalt production, supplying over 70% of the metal's production. Cobalt is essential for electric vehicle batteries and renewable energy technologies.
Still, its status has been problematic, as declining prices forced foreign operators like the Chinese miner MMG to <a target="_blank" href="https://www.benzinga.com/news/global/25/03/44168899/mmg-pauses-cobalt-production-in-congo-as-price-hits-historic-lows" rel="noreferrer noopener">pause production</a>. Meanwhile, the government implemented a four-month export ban to stabilize the oversupplied market.
On top of illegal mining and smuggling, escalating armed conflicts are likely the main catalyst for ongoing talks with Washington. The M23 rebel group, allegedly backed by neighboring Rwanda, has seized significant territory in the eastern part of the country, threatening mineral-rich territory.
Since the conflict has also drawn in neighboring Burundi and Uganda, the situation risks escalating into a full-scale regional conflict.
While a deal with the U.S. would stabilize the region, in exchange, the U.S. would gain access to critical minerals and reduce reliance on Chinese-dominated supply chains.
China controls most of the DRC's mining sector through the state-owned MMG. Washington could seize this opportunity to reduce Beijing's influence while securing resources for its industrial needs.
Yet, a deal between Washington and Kinhasa is a tall order. The political climate in Kinshasa is volatile, and past foreign mining agreements in the DRC have faced criticism over transparency issues.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44188315/germany-could-meet-its-lithium-needs-from-domestic-sources-study-says" target="_blank" rel="noreferrer noopener">Germany Could Meet Its Lithium Needs From Domestic Sources, Study Says</a></li>
</ul>
Photo via Shutterstock

Politics

DR Congo Explores Minerals-For-Security Deal With The US

A new study said Germany could have enough lithium to meet its long-term domestic needs. Sourcing domestic <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">commodities</a> would help its weakened automotive industry reduce reliance on imports – a welcome development in a deglobalized environment.
The study by the Federal Institute for Geosciences and Natural Resources and the Fraunhofer IEG Institute notes the potential of lithium extraction from deep underground waters.
Germany's reliance on lithium imports is notable. In 2023, the country imported €23.7 billion ($25.72 billion) worth of batteries, of which lithium-ion batteries accounted for 86%, according to the trade group ZVEI. Meanwhile, the German Raw Materials Agency estimates that, by 2030, the domestic demand will reach 170,000 metric tons of lithium annually.
According to Reuters, the study estimates that Germany holds up to 26.51 million metric tons of lithium, particularly in the North German Basin and the Central Thuringian Basin.
Much of this lithium could be extracted as a byproduct of geothermal energy production, offering a dual benefit of sustainable energy and critical mineral supply. Major corporations, including ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), have shown interest, with Exxon's subsidiary Esso Deutschland securing four exploration licenses in Lower Saxony.
Katharina Alms, the research leader at Fraunhofer IEG, told Reuters the development shows that surprisingly high lithium resources might be dormant underground.
Still, she acknowledged that variations in concentration levels and technical difficulties associated with extraction with low-permeability rock formations pose difficulties.
However, lithium dissolved in brine allows for direct lithium extraction (DLE). This method is more environmentally friendly than traditional evaporation ponds in places like Chile and Argentina, which require vast water and land.
Those necessities put one of the largest global greenfield lithium projects on hold, as Serbia's Jadar project contains lithium in mineral form. Rio Tinto's plans for pursuing traditional extraction methods faced protests over <a target="_blank" href="https://www.benzinga.com/government/24/10/41289306/serbian-parliament-doesnt-pass-lithium-ban-keeps-rio-tintos-major-project-alive" rel="noreferrer noopener">fears of ecological damage</a> despite assurances of compliance with environmental regulations.
Yet, the DLE process reduces waste and speeds up lithium extraction, making it a more viable long-term solution that is more likely to pass Germany's regulatory hurdles, which, according to the OECD's analysis, rank among<a target="_blank" href="https://www.oecd.org/content/dam/oecd/en/topics/policy-sub-issues/economic-policies-to-foster-green-growth/how-stringent-are-environmental-policies.pdf" rel="noreferrer noopener"> the most stringent</a> in the developed world.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44104459/toronto-risks-its-mining-hub-status-as-bureaucracy-and-geopolitics-take-toll" target="_blank" rel="noreferrer noopener">Toronto Risks Its Mining Hub Status As Bureaucracy And Geopolitics Take Toll</a></li>
</ul>
Photo via Shutterstock

Eurozone

Germany Could Meet Its Lithium Needs From Domestic Sources, Study Says

President Donald Trump's one-month exemption on auto tariffs for Mexico and Canada sent ripples <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">through the sector</a>. 
While the broader market rallied on the news, auto stocks lifted the ETFs that have significant exposure to the industry. However, this exemption is temporary. With Trump's broader tariff plan set to take effect soon, investors are closely watching how these policy moves will shape the future of <a href="https://www.benzinga.com/etfs">auto-related ETFs</a>.
<h2 class="wp-block-heading">ETFs In Focus The Tariff Delay</h2>
The exemption news <a href="https://www.investopedia.com/big-three-automaker-stocks-gain-on-potential-trump-tariff-relief-tax-break-11691127">boosted</a> shares of major automakers: 
<ul>
<li>Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), 5.3%, </li>
<li>Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), 9.1%,</li>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), 7.7%.</li>
</ul>
Naturally, ETFs carrying these stocks saw strong movement as well. Here are three auto-focused ETFs that reacted positively to the announcement:
<ul>
<li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) closed up 3.92%; This ETF holds a diversified basket of stocks engaged in the electric and autonomous vehicle space, including Ford and General Motors. With GM pushing deeper into EV technology and Ford ramping up production, DRIV saw an uptick following the <a href="https://www.benzinga.com/topic/tariffs">tariff delay</a>.</li>
</ul>
<ul>
<li>First Trust Nasdaq Global Auto Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>) was up 2.86% at closing; This ETF, one of the most direct plays on the global auto industry, benefited from the surge in Stellantis, GM, and Ford. The ETF's holdings span traditional and electric automakers, making it a go-to choice for investors looking for broad auto sector exposure.</li>
</ul>
<ul>
<li>SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) up 3.76% at closing; HAIL focuses on companies involved in innovative transportation, including automakers and auto tech firms. With a portfolio that includes GM and Ford, it saw a bump from the tariff extension and will likely remain volatile as trade policies evolve.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/news/25/03/44122159/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Warren Buffett Calls Tariffs &#8216;An Act Of War,&#8217; Warns They Function As A Tax On Goods Amid Market Turmoil</a>
<h2 class="wp-block-heading">Breaking Down Trump's Tariff Plan</h2>
The White House's <a href="https://edition.cnn.com/2025/03/05/business/tariffs-autos-mexico-canada-paused/index.html">announcement</a>, delivered by Press Secretary Karoline Leavitt, confirmed that the administration is granting a temporary exemption for cars coming through the USMCA trade agreement, as reported by CNN. Trump reasoned that it was to give major U.S. automakers time to shift production stateside, aligning with his broader "America First" economic strategy.
While the exemption is good news for now, reciprocal tariffs are still slated to take effect on April 2, said Leavitt. Trump has made it clear that he wants automakers to start investing in U.S. production rather than relying on imports. The uncertainty surrounding these upcoming tariffs has left many businesses in limbo, with some fearing that increased costs could ripple through supply chains and impact overall profitability.
Meanwhile, Canada isn't pleased. Ontario Premier Doug Ford and Canadian Prime Minister Justin Trudeau have taken a firm stance against any auto tariffs, arguing that trade between the two countries should remain unhindered. Despite this pushback, Trump remains unwavering in his tariff plans, signaling that more trade battles could be on the horizon.
<h2 class="wp-block-heading">What's Next For Auto ETFs?</h2>
With Trump's broader reciprocal tariff policy looming, auto-focused ETFs remain in a delicate position. A full-fledged trade conflict could disrupt supply chains and drive up costs for automakers, negatively impacting the ETFs that hold them. However, if the administration softens its stance or extends the exemption further, these ETFs could continue to see gains.
Investors should stay tuned as the situation develops. For now, the one-month reprieve offers a temporary tailwind.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/03/44144570/3-cybersecurity-etfs-in-focus-amid-reports-of-us-cyber-operations-suspension">3 Cybersecurity ETFs in Focus Amid Reports of US Cyber Operations Suspension</a></li>
</ul>
Image: Shutterstock

Auto ETFs Surge On Trump's Tariff Reprieve, But Uncertainty Looms

Investors are scrambling to assess the potential fallout of yet <a href="https://www.benzinga.com/topic/tariffs">another tectonic trade decision</a>. 
What Happened: President Donald Trump plans to impose a 25% levy on <a href="https://www.benzinga.com/25/02/43805852/trump-shakes-global-trade-with-25-auto-chip-and-pharma-tariffs-announcement-asian-stocks-pare-their-five-day-rally">auto, semiconductor, and pharmaceutical imports</a>,
This move could have far-reaching consequences for <a href="https://www.benzinga.com/etfs">ETFs with heavy exposure to these sectors</a>, particularly those tracking automakers, chipmakers, and biotech firms.
Trump's protectionist stance triggered an immediate market response across the global markets. Asian stocks retreated after a five-day rally, with the MSCI Asia Pacific Index slipping, particularly affecting Japanese automakers like Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>).
Also Read: <a href="https://www.benzinga.com/news/global/25/02/43795579/warren-buffett-unfazed-by-trumps-tariff-threats-oracle-of-omaha-bets-on-mexico-beer">Warren Buffett Unfazed By Trump&#8217;s Tariff Threats: Oracle Of Omaha Bets On Mexico, Beer</a>
Automakers: The U.S. imported around 8 million passenger cars and light trucks last year, comprising 50% of total vehicle sales, according to a report by Wall Street Journal. A 25% tariff would increase vehicle prices, impact supply chains, and hurt companies dependent on overseas manufacturing. 
Here are a few ETFs likely to take a hit:
<ul>
<li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>): Fairly exposed to Toyota, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), this fund could face turbulence as trade tensions mount.</li>
</ul>
<ul>
<li>First Trust NASDAQ Global Auto Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>): Tracks major global automakers, including BMW, Honda, and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), which rely on imported parts. The ETF also has significant exposure to Toyota and Tesla and allocates 46% of its assets to overseas stocks. That places it in a precarious position amid escalating tariff situations.</li>
</ul>
Chips: Trump also declared that sectoral tariffs on semiconductors would start at "25% or higher", escalating further over time. This comes as the U.S. considers a 100% tariff on Taiwanese semiconductors, an industry heavily reliant on TSMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
<ul>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) – With Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) among its top holdings, this fund is exposed to volatility stemming from supply chain disruptions.</li>
</ul>
<ul>
<li>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) – Heavily weighted towards TSMC, Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), making it vulnerable to any tariff escalation.</li>
</ul>
Pharma: The pharmaceutical sector is also caught in the crosshairs, with Trump hinting at escalating tariffs beyond 25% over the year. This could upend drug pricing, R&amp;D costs, and supply chain dynamics for major biopharma companies.
<ul>
<li>iShares U.S. Pharmaceuticals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHE#NYSE">IHE</a>): Tracks major drugmakers like Pfizer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Merck (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), all of which could see higher costs.</li>
</ul>
<ul>
<li>SPDR S&amp;P Biotech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XBI#NYSE">XBI</a>): While biotech firms often have global R&amp;D operations, increased tariffs could disrupt access to imported drug components.</li>
</ul>
Why It Matters: Trump has long voiced concerns over U.S. automotive exports being treated unfairly abroad. In his first term, he threatened a similar 25% car tariff but ultimately backed down.
For ETF investors, volatility is back on the table. Those holding funds exposed to autos, chips, and pharmaceuticals must brace for a bumpy ride. While Trump believes the move will bring manufacturing back home, the short-term pain could be severe.
The Wall Street Journal reported that U.S. companies may receive a phase-in period, with tariffs increasing over the course of the year.
What's Next: Markets will be watching closely as April 2 (when auto tariffs are expected to kick in) approaches. Any delays or modifications to the tariff plan could shift investor sentiment. 
For now, ETF traders should keep an eye on sectoral rotation, hedge exposure where necessary, and prepare for the potential impact of another round of trade wars.
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Photo: Shutterstock

Broad U.S. Equity ETFs

AVGO

iShares Dow Jones US Pharmaceuticals Index Fund

INTC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Trade War Redux: These ETFs Due For Bumpy Ride Thanks To Trump Tariffs On Auto, Pharma, Chip Imports

President Donald Trump went through with his plans to impose a 25% tariff on imports from Mexico. This tariff, along with that on Canada (25%) and China (10%), goes into effect on Saturday. This move is expected to impact companies that rely heavily on Mexican car parts. 
Automakers such as General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) export vehicles from its Mexican plant to North America, according to a Reuters report. The report also suggested that other U.S. auto manufacturers likely to take a hit are Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), which are among the top U.S. producers in Mexico. 
Needless to say, <a href="https://www.benzinga.com/etfs">ETFs focusing on the automotive sector</a> are facing significant challenges. Here are three such ETFs that are in focus right now:
First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>): This ETF provides exposure to transportation companies, including major automakers and auto parts suppliers. Companies such as General Motors and Ford are part of its portfolio. According to a recent report by <a href="https://www.statista.com/statistics/898955/mexico-motor-vehicle-production-brand/#:~:text=In%202024%2C%20the%20number%20of,the%20American%20company%20General%20Motors.">Statista</a>, in 2024, &#8220;The number of light vehicles produced in Mexico reached nearly four million units, from which roughly 22.3% were produced by the American company General Motors.&#8221;
Firms such as Tesla, which announced a new plant in Nuevo León, Mexico, are among its holdings.
Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>): Focusing on the future of the auto industry, this fund includes companies involved in electric and autonomous vehicles. Ford is among the top holdings of this ETF.
iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>): This ETF targets companies engaged in electric vehicles and self-driving technologies. It includes automakers and parts suppliers with operations in Mexico, such as Volkswagen, making it susceptible to the proposed tariffs. Notably, Volkswagen exported 109,735 light vehicles from Mexico to North America from January to July 2024, per the Mexican Automotive Manufacturers Association, as reported by Reuters.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43390001/feds-favorite-inflation-gauge-rises-as-predicted-consumer-spending-jumps">Fed&#8217;s Favorite Inflation Gauge Rises As Predicted, Consumer Spending Jumps At Fastest Pace In 9 Months</a>
<h1 class="wp-block-heading">Impact Of The Proposed Tariffs</h1>
In November last year, Bernstein analyst Daniel Roeska wrote in a note that Volkswagen, Stellantis, General Motors and Ford would be the hardest hit. "A 25% tariff on Mexico and Canada would severely cripple the U.S. auto industry," he said.
An earlier <a href="https://apnews.com/article/trump-tariffs-prices-inflation-mexico-canada-d44aa0715a649998195fc3211e9ab7a3">report </a>from the Associated Press said that General Motors imports approximately 30% of the vehicles it sells in the U.S. from Canada and Mexico. About 55% of their popular pickup trucks also are imported from Mexico and Canada. The bottom line of General Motors and other automakers are expected to be affected.
According to International Trade Administration, Mexico is the world&#8217;s seventh-largest passenger vehicle <a href="https://www.trade.gov/country-commercial-guides/mexico-automotive-industry#:~:text=Leading%20Sub%2DSectors%20and%20Opportunities,Tech%20Top%20Export%20Market%20Ranking.">manufacturer</a>, producing 3.5 million vehicles annually. Eighty-eight percent of vehicles produced in Mexico are exported, of which 76% come to the U.S.
<h1 class="wp-block-heading">The Deep Integration Of North American Auto Supply Chains</h1>
Decades of free trade have deeply integrated the automotive industries of the U.S., Canada, and Mexico. According to <a href="https://www.cato.org/blog/seven-charts-show-how-us-tariffs-would-harm-american-auto-industry#:~:text=Mexico%20and%20Canada%20Are%20the,%2C%22%20US%20International%20Trade%20Commission.">research </a>from the Cato Institute, Mexico and Canada together account for nearly half of U.S. imports and exports of motor vehicles and parts. 
This means that a tariff increase wouldn't just raise costs for American consumers and manufacturers — it could also trigger retaliatory actions from Mexico and Canada, potentially reducing U.S. car exports.
Also, vehicles assembled in Mexico often contain a high percentage of American-made components. A 2019 study found that nearly 74% of the foreign value-added in cars imported from Mexico came from the U.S. Another analysis from the Peterson Institute for International Economics estimated that 38% of the total value-added of vehicles imported from Mexico was American-made. If Mexico retaliates, this can spell bad news for the U.S. as well.
Simply put, slapping a 25% tariff on cars &#8220;made in Mexico&#8221; could inadvertently harm U.S. workers and businesses involved in supplying these vehicles. 
The stakes of the disruption of an already intertwined supply chain is quite high. Investors invested in such ETFs should keep a close eye on developments, and keep in mind that the tariffs could weigh heavy on the profitability of the underlying companies.
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</ul>
Photo: Courtesy Ford Motor Co.

Regulations

3 U.S. Auto ETFs Caught In The Crosshairs As Trump Announces 25% Tariff On Mexican Imports

President Donald Trump revoked President Joe Biden&#8216;s executive order targeting 50% electric vehicle (EV) adoption by 2030.
The decision sent ripples across the automotive industry. 
With potential eliminations of EV subsidies, restrictions on state-level emissions waivers, and relaxed federal emissions rules, <a href="https://www.benzinga.com/etfs">ETFs with exposure to the electric vehicle (EV)</a> and automotive sectors are poised for seismic shifts — some good, some bad.
<h3 class="wp-block-heading">Winners And Losers Among EV-Focused ETFs</h3>
ETFs heavily leaning toward <a href="https://www.benzinga.com/electric-vehicles">U.S.-based EV makers</a>, such as Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) and iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>), are staring at potential headwinds, given their significant exposures to stocks of companies directly in the line of fire. Companies like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Lucid (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), which could see reduced consumer demand if federal tax credits are repealed.
However, global auto sector-focused EV ETFs like KraneShares Electric Vehicles and Future Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>), which feature significant holdings in Chinese automakers such as Nio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Xpeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), can be resilient. <a href="https://www.benzinga.com/markets/25/01/43091254/teslas-chinese-rivals-li-xpeng-nio-surge-while-rivian-declines-in-pre-market-as-trump-revokes-bidens-ev-target">Chinese EV startups rallied</a> following Trump's announcement, driven by strong domestic sales and the absence of new tariffs targeting Beijing.
<h3 class="wp-block-heading">Tesla's Unique Position</h3>
Here&#8217;s an interesting point to ponder. Tesla, a major constituent in most EV-focused ETFs, was up1.08% on Jan. 22 as of writing, despite the policy changes. CEO Elon Musk, who funded Trump&#8217;s presidential campaign, agreed with the 47th president on ending subsidies. 
Removal of tax credits would have<a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably"> only a slight impact on Tesla </a>but could be a major jolt to competitors reliant on subsidies, Musk says. This means Tesla can either be a potential beneficiary or in a position of disadvantage. ETFs with significant Tesla weightings like ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
<h3 class="wp-block-heading">Consumer Behavior And Long-Term Talk</h3>
The potential repeal of the $7,500 federal EV tax credit could shift consumer interest back to gasoline-powered vehicles, particularly in the luxury segment. Tesla researcher <a href="https://www.benzinga.com/24/12/42641207/researcher-says-cancelation-of-7500-ev-tax-credit-could-impact-teslas-deliveries-despite-ceo-elon-musk-claiming-otherwise">Troy Teslike warned</a> that Tesla could lose market share to gas-powered luxury brands if tax credits are eliminated. ETFs tracking broader auto markets, such as First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) may see mixed performance depending on the balance of traditional and electric vehicle stocks in their portfolios.
Nonetheless, despite short-term volatility, the long-term prospects for EV-focused ETFs remain tied to global decarbonization trends. The Federal rollback can also be offset by state-level initiatives, particularly in California and other pro-EV states. 
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Photo: Shutterstock

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

XPEV

Trump's EV Rollback Might Shake-Up ETFs: Winners, Losers And Tesla's Unique Role In Shifting Market

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are rising on Tuesday, driven by positive sentiment toward U.S.-listed Chinese stocks after President Donald Trump&#8217;s <a target="_blank" href="https://www.benzinga.com/25/01/43101141/chinese-stocks-rally-after-trump-skips-tariff-threats-boosting-market-optimism" rel="noreferrer noopener">inauguration speech.</a>
In a move signaling growth, XPeng announced plans to open a new headquarters in Guangzhou this August, CnEV Post <a target="_blank" href="https://cnevpost.com/2025/01/20/xpeng-to-open-new-hq-building-guangzhou-aug/" rel="noreferrer noopener">reports</a>.
The new office space will support the company&#8217;s hiring goals as it plans to expand its workforce by thousands this year.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/43013634/opecs-optimism-clashes-with-ieas-conservative-2025-oil-growth-projections" rel="noreferrer noopener">OPEC&#8217;s Optimism Clashes With IEA&#8217;s Conservative 2025 Oil Growth Projections</a>
The current headquarters is located in Guangzhou&#8217;s Tianhe District. XPeng also revealed plans for further office expansions in other cities, the report adds.
Additionally, XPeng&#8217;s Mona M03 electric sedan continues to perform well in the market.
The company reported that deliveries of the Mona M03 surpassed 60,000 <a target="_blank" href="https://cnevpost.com/2025/01/20/xpeng-mona-m03-deliveries-60000/" rel="noreferrer noopener">units </a>as of January 18, boosting expectations for the traditionally slow month of January, CnEV Post adds.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XPEV stock has gained over 59% in the past year. Investors can gain exposure to the stock via VanEck Low Carbon Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMOG#NYSE">SMOG</a>) and&nbsp;Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>).
Price Action: XPEV shares are trading higher by 5.7% to $14.94 at last check Tuesday.
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Photo by Koshiro K on Shutterstock.

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