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

Ultime notizie per 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.

Nvidia Corp.

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Microsoft Corp

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Tesla, Inc.

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Global X Autonomous & Electric Vehicles ETF

Jim Cramer Weighs In On Friday’s White House Drama And Its Market Impact

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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

Drive Shack Inc

DRIVE SHACK 8.375% PFD D by Drive Shack Inc.

DRIVE SHACK 8.05% PFD C by Drive Shack Inc.

DRIVE SHACK 9.75% PFD B by Drive Shack Inc.

DRIVEITAWAY HOLDINGS INC by DriveItAway Holdings Inc.

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DriveWealth ETF Trust DriveWealth NYSE 100 Index ETF

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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

Commodities

Politics

BATT

CARZ

KARS

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

Large Cap

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

Sector ETFs

ETFs

HAIL

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.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43794873/vanguard-overtakes-state-street-as-top-etf-provider-3-funds-in-focus">Vanguard Overtakes State Street As Top ETF Provider: 3 Funds In Focus</a></li>
</ul>
Photo: Shutterstock

Broad U.S. Equity ETFs

AAPL

AVGO

iShares Dow Jones US Pharmaceuticals Index Fund

INTC

NVDA

QCOM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

TSLA

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.
Read Next: 
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<li><a href="http://benzinga.com/economics/macro-economic-events/25/01/43398182/trumps-25-tariffs-could-slaughter-canada-mexico-economies-hit-us-auto-industry-analysts-warn">Trump&#8217;s 25% Tariffs Could Slaughter Canada, Mexico Economies, Hit US Auto Industry, Analysts Warn</a></li>
</ul>
Photo: Courtesy Ford Motor Co.

Regulations

Global

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. 
Check Out: 
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<li><a href="https://www.benzinga.com/news/earnings/25/01/43111463/pgs-chart-shows-bearish-signs-is-q2-earnings-the-turning-point">P&amp;G&#8217;s Chart Shows Bearish Signs – Is Q2 Earnings The Turning Point?</a></li>
</ul>
Photo: Shutterstock

ARKK

LCID

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

RIVN

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.
Also Read:
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<li><a href="https://www.benzinga.com/25/01/43010198/netflixs-avod-surge-and-wwe-content-fuel-optimism-analyst-sets-1000-price-forecast" target="_blank" rel="noreferrer noopener">WWE, Squid Game Fuel Netflix Ad-Supported Growth: Analyst Sets $1,000 Price Forecast</a></li>
</ul>
Photo by Koshiro K on Shutterstock.

Movers

Media

General

SMOG

What's Going On With XPeng Stock Tuesday?

Saudi Arabia has unveiled a joint venture between the state oil company Aramco and the state mining company Ma'aden. The collaboration focuses on extracting <a target="_blank" href="https://www.benzinga.com/topic/lithium" rel="noreferrer noopener">lithium</a>, a vital component in batteries for electric vehicles (EVs), renewable energy storage, and electronics. Commercial production is expected by 2027.
"We expect that this partnership will leverage the world's leading upstream enterprise to apply significant low-cost advantages, industry experience, technological innovation, and an integrated supply chain ecosystem," <a target="_blank" href="https://www.aramco.com/en/news-media/news/2025/aramco-plans-transition-minerals-jv-with-maaden" rel="noreferrer noopener">said</a> Nasir K. Al-Naimi, Aramco's upstream president.
The venture aligns with Saudi Arabia's Vision 2030, an ambitious economic transformation plan designed to reduce dependency on oil by developing sectors like mining, technology, and renewable energy.
Vision 2030 targets unlocking $2.5 trillion of mineral resources, including lithium, copper, and gold, while increasing mining's GDP contribution from $17 billion to $64 billion.
Demand for lithium has surged due to the global shift toward green energy. According to Aramco, domestic lithium needs could increase twenty-fold by 2030, supporting the production of 500,000 EV batteries and 110 gigawatts of renewable energy capacity.
The new joint venture aims to explore direct lithium extraction (DLE) technologies and tap into high-concentration deposits within the region. In contrast to traditional evaporation methods, DLE bypasses the need for lithium ponds, allowing faster extraction rates, minimized environmental impact, and reduced water consumption, which are crucial factors in arid climates.
The project also builds on Saudi Arabia's first successful lithium extraction from oilfield brine last December, which was conducted in collaboration with a local startup, Lihytec. Ma'aden is making strides in other commodities, unveiling promising gold and copper deposits at Wadi Al Jaww and Jabal Shayban.
Ma'aden CEO Bob Wilt <a target="_blank" href="https://www.maaden.com.sa/en/news/details/602" rel="noreferrer noopener">noted</a> that these findings are part of one of the world's largest single-jurisdiction exploration programs. "We are committed to establishing mining as the third pillar of the Saudi economy, in line with Vision 2030," he stated.
Strengthening domestic copper production is a priority since the country imports most of its copper—365,000 tons annually. While this demand could double by 2035, the country might secure some of this increasingly important metal from Pakistan as it <a target="_blank" href="https://www.benzinga.com/m-a/24/04/38336936/saudi-arabia-near-deal-for-stake-in-gold-copper-mine-project-in-pakistans-troubled-province" rel="noreferrer noopener">evaluates a stake</a> in Barrick Gold's Reko Diq project.
Price Watch: Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>) is up 0.79% year-to-date.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43013685/research-firms-and-industry-insiders-clash-copper-agree-on-trumps-risk" target="_blank" rel="noreferrer noopener">Research Firms And Industry Insiders Clash On Copper, Agree On Trump's Risk</a></li>
</ul>
Photo by Piotr Swat on Shutterstock

Legal

Saudi Arabia Advances Lithium Plans, Looks Beyond Oil For Commodity Diversification

Several exchange-traded funds, or ETFs, allow investors to track the stocks of electric vehicle manufacturers, including Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) or its China-based competitors, Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
These funds allow investors to diversify their risks by owning chunks of shares in multiple EV plays rather than choosing to put all eggs in one basket. Here are three ETFs with exposure to Tesla and its rivals:
<ul>
<li>iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>): This fund tracks the NYSEA FactSet Global Autonomous Driving and Electric Vehicle Index. Its allocation is fairly evenly distributed among multiple auto companies. Tesla (4.11%), Li Auto (4.48%), XPeng (3.79%), BYD (4.08%) and Nio (3.99%) are among its top holdings. It charges a 0.47% expense ratio.</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>): This ETF tracks U.S.-listed companies participating in the smart transportation sector, as well as the S&amp;P Kensho Smart Transportation Index. Major holdings include Tesla (1.53%), NIO (1.67%), Li Auto (1.8%), and XPeng (1.55%). The ETF has an expense ratio of 0.45% and about $24.62 million in assets under management (AUM) as of Jan. 2.</li>
</ul>
<ul>
<li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>): This ETF's exposure covers all aspects of the EV industry. The fund has $386.76 million of net AUM as of Jan. 2, and comes with an expense ratio of 0.68%. Major automakers, including Tesla (4.86%), XPeng (1.61%) and Nio (1.18%), are a part of the fund's holdings. General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), which is committed to go all-electric soon, also enjoys a share of the fund. The ETF also offers exposure to lucrative industries like semiconductors, batteries, and software for EVs. The fund mirrors the Solactive Autonomous &amp; Electric Vehicles Index.</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792642/tesla-analysts-on-deliveries-ev-stock-could-have-stormy-weather-in-short-term-generational-set-of-growth-opportunities-long-term">Tesla Analysts On Deliveries — EV Stock Could Have &#8216;Stormy Weather&#8217; In Short Term</a>
Why It Matters: S&amp;P Global Mobility expects 15.1 million battery electric vehicles to be sold in 2025. That&#8217;s a 30% increase from 2024. 
EVs are likely to account for 16.7% of global light vehicle sales in 2025, with China leading at 29.7% market share.
Tesla reported <a href="https://www.benzinga.com/25/01/42782683/tesla-hits-record-ev-sales-in-china-despite-global-dip">record EV sales</a> in December. For the year, the EV-maker's China sales reached 657,000 vehicles—an 8.8% on-year increase. These numbers reveal that China remains critical for Tesla, contributing around 40% of its global deliveries in Q4.
Tesla's deepening foothold in China has also spurred a <a href="https://www.benzinga.com/25/01/42761825/ev-price-war-heats-up-as-chinese-automakers-extend-subsidies">competitive battle of sorts involving prices</a>. The Austin, Texas-based company made the smart move of putting a 10,000-yuan discount on Model Y loans through December. This prompted Nio and Li Auto to follow suit with zero-interest loans and cash subsidies. 
Nio's December sales spiked 72.9% year-over-year while Li Auto posted a 16.2% increase.
BYD, for its part, offered up to 11.5% discounts and reaped the rewards in the form of a 50% year-over-year jump in December sales of new energy passenger vehicles.
XPeng, meanwhile, <a href="https://www.benzinga.com/news/global/24/12/42737888/tesla-rival-xpeng-to-hire-over-6000-workers-in-2025-expecting-increased-competition-report">plans to onboard over 6,000 employees</a> in 2025, Reuters reported. Anticipating intensified pricing pressures starting January, the company is also strategizing global expansion schemes, aiming to tap over 60 international markets by 2025.
This competition brings us to a broader trend: China expects to sell over 12 million EVs in 2025, doubling 2022 figures, and Tesla increasingly seeking a bigger piece of the pie.
Analyst Daniel Ives of Wedbush remains optimistic on Tesla. He predicts 20%-30% delivery growth in 2025 and maintains an "Outperform" rating with a $515 price target.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/42789867/chinese-stocks-end-2024-in-green-after-a-3-year-retreat-franklin-ftse-china-etf-ishares-msci-china-etf-and-more-i">Chinese Stocks Rebound In 2024 After 3-Year Slump: 3 ETFs To Watch</a></li>
</ul>
Image: Shutterstock

Emerging Market ETFs

BYDDF

Global EV Sales Poised To Grow In 2025: 3 ETFs In Focus

KoBold Metals, the AI-driven mining startup backed by Bill Gates and Jeff Bezos, has secured $537 million in its Series C funding round. The latest funding round gives the Berkeley-based company a valuation of $2.96 billion and fresh capital to pursue ambitious goals in the <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">critical minerals sector</a>.
Durable Capital Partners LP and T. Rowe Price funds led the round, alongside contributions from existing investors such as Andreessen Horowitz Growth, Breakthrough Energy Ventures, and Mitsubishi Corporation, as well as new players like StepStone Group and WCM Investment Management.
This latest injection brings KoBold's total fundraising to $1 billion. The funds will accelerate exploration, develop high-potential projects, and enhance its R&amp;D capabilities.
KoBold's innovative approach relies on artificial intelligence to locate deposits of vital minerals such as copper, cobalt, lithium, and nickel. The company's proprietary technology aggregates data from sources like satellite imagery and historical drilling reports to create a detailed "Google Maps" of the Earth's crust, pinpointing untapped resources that traditional methods might miss.
Using this technology, KoBold discovered a <a target="_blank" href="https://www.benzinga.com/news/24/02/36940360/kobold-metals-announces-historic-copper-discovery-in-zambia" rel="noreferrer noopener">substantial copper deposit</a> in Zambia's Copperbelt. The Dumbwa target, part of the Solwezi project, exhibited promising results, including drilling highlights of 16 meters at 1.24% copper. KoBold's $2 billion Mingomba site is set to produce at least 300,000 tons annually by 2030, making it Zambia's largest copper operation.
"About 40% of the new capital will go toward advancing existing projects into production, with Zambia receiving the lion's share," KoBold's CEO and co-founder Kurt House <a target="_blank" href="https://www.koboldmetals.com/news/mining-startup-kobold-metals-valued-at-2-96-bn-after-closing-537m-series-c/?aid=01" rel="noreferrer noopener">said</a> to the Financial Times.
With 60 active projects across continents, including partnerships with mining giants like BHP and Rio Tinto, the firm is ready to reshuffle the industry. House noted they plan to aggressively expand the team, particularly seeking data scientists, while expanding into new jurisdictions such as Finland and Botswana. The company also aims to go public within three to five years.
Despite changes in U.S. political leadership, House expressed confidence in bipartisan support for critical mineral initiatives. "There is very broad bipartisan support for diversifying [the] supply of critical minerals because this is a national security priority," he said.
U.S. foreign policy is aiding companies like KoBold. President Joe Biden's <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/24/10/41416913/bidens-farewell-to-africa-strategic-motives-behind-first-and-only-presidential-visit" rel="noreferrer noopener">last official trip</a> to Angola discussed revitalizing the Lobito railway line to facilitate mineral transport across Angola, Zambia, and the Democratic Republic of Congo. Thus, firms like KoBold would benefit from better infrastructure while bolstering Western access to strategic resources and reducing reliance on China-dominated supply chains.
Read Next:
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</ul>
Photo via via Shutterstock

Financing

Tech

AMZN

ARTY

BOTZ

COPX

CPER

JJCTF

MSFT

ROBT

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 3X Shares

UBOT

WisdomTree Trust WisdomTree Artificial Intelligence and Innovation Fund

WTAI

Bill Gates And Jeff Bezos Backed Mining Startup Raises $537 Million, Targets Going Public In Few Years

The global lithium market is set to remain oversupplied, keeping the prices depressed, but this challenging situation for commodity producers could help battery makers ease the transition to <a target="_blank" href="https://www.benzinga.com/electric-vehicles" rel="noreferrer noopener">electric vehicles(EVs)</a>.
Lithium prices have plummeted after soaring to $80,000 per ton in 2022, now trading below $10,000 per ton. The surplus stems from weaker-than-expected EV sales, aggressive production expansions, and strategic commitments by Chinese operators to maintain dominance in the global battery supply chain.
"There are some assets in production that shouldn't really be, but for their own reasons, they're ploughing on," said Martin Jackson, head of battery raw materials at CRU. Reuters <a target="_blank" href="https://www.reuters.com/markets/commodities/lithium-supply-surplus-set-stay-with-battery-makers-help-2024-12-10/" rel="noreferrer noopener">reported</a> his estimate that about 10% of global lithium production is currently unprofitable.
According to the Reuters report, UBS forecasts a 25% increase in global lithium supply this year, with the surplus expected to persist until 2027. Meanwhile, S&amp;P Global projects prices to stabilize between $9,900 and $11,600 per ton until 2026.
Driven by Beijing's ambition to dominate the market, Chinese companies remain a <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/06/39477524/exclusive-china-linked-lithium-volatility-a-headache-for-producers-but-a-win-for-retail-inves" rel="noreferrer noopener">key factor in lithium production</a>. Production persists in Australia, Africa, and South America even at high operational costs, as China has to ensure a steady supply to support its rising EV industry.
In the U.S., lithium producers are also adapting to market pressures. ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) <a target="_blank" href="https://www.benzinga.com/news/contracts/24/11/42087743/exxon-mobils-lithium-leap-100000-metric-tons-to-fuel-lg-chems-us-plant" rel="noreferrer noopener">has partnered with</a> LG Chem to secure lithium for a cathode production facility in Tennessee, aiming to become the largest of its kind in the country. Yet, despite the tailwind from the Inflation Reduction Act (IRA), Donald Trump's second mandate could bring potential rollbacks. On top of <a target="_blank" href="https://www.benzinga.com/news/24/07/39870803/us-mine-development-delays-among-worlds-longest-second-only-to-zambia" rel="noreferrer noopener">permitting delays</a>, his policy shift could slow domestic progress.
Major producers like SQM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) have <a target="_blank" href="https://www.benzinga.com/insights/earnings/24/11/42036495/a-peek-at-sociedad-quimica-y-mineras-future-earnings" rel="noreferrer noopener">suffered significantly</a>, with the company reporting a 73% decline in quarterly profits despite record sales volumes. Yet, the industry remains optimistic about long-term prospects. If the EV adoption accelerates, analysts see prices recovering above $14,500 per ton.
Still, some lithium operators are set to prosper even at current prices. Volt Lithium, a Canadian firm focusing on direct lithium extraction (DLE), has agreed with Wellspring Hydro to deploy a field unit in North Dakota.
With a worst-case-scenario extraction price of <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/06/39480795/exclusive-volt-lithium-ceo-touts-6b-cash-flow-opportunity" rel="noreferrer noopener">$2,900 per ton of lithium</a>, Volt will test its technology at the <a target="_blank" href="https://voltlithium.com/wp-content/uploads/2024/12/12-10-2024-North-Dakota-Field-Study-Agreement-Final-.pdf" rel="noreferrer noopener">second-largest domestic brine production</a>. The firm already has DLE operations in the Permian basin in Texas and the Keg River formation in its native Alberta.
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Photo via Shutterstock

Emerging Markets

Lithium Producers Brace For Prolonged Oversupply, Stalled Prices

XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Tuesday.</a>
Shares of U.S.-listed Chinese stocks are trading lower after China&#8217;s September exports missed estimates. Concerns over the effectiveness of&nbsp;China&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41329479/alibaba-nio-jd-com-and-other-us-listed-china-stocks-tumble-as-investors-await-clarity-on-fiscal-stim" rel="noreferrer noopener">latest stimulus measures</a> have also rattled investors.
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 lost over 25% in the past year. Investors can gain exposure to the stock via Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) and Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>).
The electric vehicle maker saw its stock decline alongside other Chinese companies, amid doubts that&nbsp;Beijing&#8217;s recent economic support package will significantly boost growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41338223/why-nio-stock-is-moving" rel="noreferrer noopener">Why NIO Stock Is Moving</a>
Meanwhile, XPeng&#8217;s latest electric sedan, the P7+, is reportedly receiving positive early feedback, as evidenced by robust pre-order figures.
Within just 1 hour and 48 minutes of starting pre-sales, orders for the P7+ exceeded 30,000 units, <a target="_blank" href="https://cnevpost.com/2024/10/15/xpeng-p7-plus-30000-pre-orders-2-hours/" rel="noreferrer noopener">reported</a> CnEV Post, citing an announcement on Weibo.
Xpeng launched the model for European consumers in Paris, France. The company also announced that pre-sales for the model have commenced in China, with a starting price of RMB 209,800 ($29,600).
The pre-sale starting price of the P7+ is RMB 22,100, or 9.5% lower than the RMB 231,900 starting price of Tesla&#8217;s Model 3 in China, the report read.
However, Xpeng chairman and CEO He Xiaopeng stated that the model is designed to compete with vehicles in the RMB 300,000 price range, CnEV Post added.
The P7+ is a mid-to-large electric sedan measuring 5,056 mm in length, 1,937 mm in width, and 1,512 mm in height, with a 3,000 mm wheelbase, which makes it bigger than the Xpeng P7i sedan.
Price Action: XPEV shares are trading lower by 2.28% to $11.38 at last check Tuesday.
Photo via Shutterstock
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PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

What's Going On With XPeng Stock Today?

Researchers at the Dalian Institute of Chemical Physics in China have achieved a major breakthrough in battery technology, which could potentially influence the future of <a href="https://www.benzinga.com/electric-vehicles">electric vehicles (EVs).</a>
The team, led by professors Zhang Changkun and Li Xianfang, developed new naphthalene-based organic redox-active molecules (ORAMs) for aqueous organic flow batteries (AOFBs). These molecules provide unprecedented stability, significantly extending batteries&#8217; lifespan.
Lab results showed the new battery retained 99.95% of its capacity over 600 charge cycles, <a href="https://interestingengineering.com/energy/novel-molecules-organic-flow-batteries">per</a> Interesting Engineering's report. While traditional flow batteries often depend on costly vanadium and experience degradation through side reactions with external elements – new ORAMs make AOFBs more durable, cost-effective, and easier to scale.
Improving battery durability and stability has been crucial for EVs to replace fossil-fuel-powered vehicles, but China is already at the forefront.
Earlier this year, Tesla's key battery supplier, CATL, introduced the Shenxing Plus battery pack at the Auto China Show. This battery offers a 370-mile range on a 10-minute charge and over 620 miles on a full charge, addressing the industry&#8217;s lingering <a href="https://www.benzinga.com/news/24/04/38430695/tesla-supplier-catl-unveils-new-battery-capable-of-powering-evs-for-620-miles-on-full-charge">concerns over range anxiety</a>.
Besides range anxiety, fire risk remains a point of criticism. EV car fire videos go <a href="https://www.benzinga.com/general/entertainment/24/09/41101369/tesla-ev-fire-in-garage-goes-viral-during-hurricane-helene-while-cybertruck-owners-engage-w">viral every month,</a> but South Korean tech giant LG is working on a solution.
Its subsidiary, LG Chem, the largest Korean chemical company, announced a breakthrough in EV fire prevention through a "Safety Reinforced Layer." This thin composite material, placed between the cathode and current collector, works to stop fires by preventing thermal runaway. The material chemically disrupts the circuit when temperatures exceed a safe range, essentially working as a self-extinguishing fuse within the battery.
"This is a tangible research achievement that can be applied to mass production in a short period of time," CTO Lee Jong-gu<a href="https://www.lgcorp.com/media/release/28190"> said</a> in a press release.
The new material dramatically reduces the chance of EV fires and could pave the way for safer battery packs by 2025 when large-scale testing concludes. If successful, this innovation will address one of consumers&#8217; most significant concerns about EVs, further accelerating adoption.
Earlier this year, LG Chem signed a <a href="https://www.benzinga.com/markets/equities/24/02/36984442/general-motors-shifts-gears-strikes-19b-pact-with-lg-chem-for-fueling-ev-dream">$19b deal</a> with General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to supply EV batteries through 2035.
ETF to watch:&nbsp; Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) seeks to invest in companies involved with EVs and their components and materials, as well as autonomous vehicles and hardware.
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Photo: buffaloboy/Shutterstock.com

China, South Korea Drive EV Battery Innovation: Breakthroughs In Stability, Fire Safety

The Democratic National Convention kicks off Monday in Chicago and includes a highly anticipated speech from President Joe Biden, who stepped aside from the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election. &nbsp;</a>
Here's a look at Monday's key speakers and what investors should know.
Biden's Speech: Biden will headline the <a href="https://www.benzinga.com/general/politics/24/08/40429245/2024-dnc-preview-democrats-to-rally-around-harris-walz-with-biden-obamas-clintons-and-more-will-">first night of the DNC</a> with a primetime speech emphasizing why Vice President Kamala Harris is fit to be president.
One of the themes of Biden&#8217;s speech is expected to be leadership and putting America above the president's own interest, the Democratic convention committee said in a statement viewed by <a href="https://www.cnbc.com/2024/08/19/dnc-2024-live-updates-day-1.html">CNBC</a>.
"While Donald Trump puts himself first, Democrats are fighting for the American people," the Democratic convention committee said.
First Lady Jill Biden and former Secretary of State Hillary Clinton are also set to deliver prime time speeches Monday, as reported by CNBC.
The Bidens will leave Chicago Monday night for a vacation in California, according to the report. The president will not be on hand for a speech from former President Barack Obama or to officially see Harris accept the nomination on Thursday. 
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Auto Stocks in Focus: United Auto Workers President Shawn Fain is also expected to speak Monday night. The union has endorsed Harris for president.
The UAW took on General Motors Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Company (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>) in a battle over contract negotiations last year.
Recently, the UAW filed a lawsuit against Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and Trump over <a href="https://www.benzinga.com/general/politics/24/08/40349586/musk-trump-hit-with-uaw-labor-charges-following-union-busting-remarks-tesla-ceo-suggests-uaw-pre">comments made during an interview</a>.
Fain&#8217;s speech could put the American automotive industry in the spotlight and, depending on what is said, could also put a negative spotlight on electric and imported vehicles.
Harris and Biden have been positive on the growth of electric vehicles and proponents of the sector, which could limit what Fain says about EVs.
The speech could put ETFs that have exposure to auto stocks and electric vehicle stocks in the spotlight. The KraneShares Electric Vehicles and Future Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) and Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) offer investors exposure to electric vehicles.
Abortion, Health Care In Focus: Harris highlighted efforts to cut health care costs and prescription drug costs in a<a href="https://www.benzinga.com/general/politics/24/08/40424431/harris-warns-trump-tax-plan-will-devastate-americans-vows-to-go-after-bad-actors-behind-food-pri"> speech on Friday</a>. Health care could be a big focus Monday night alongside abortion rights.
Three women who had high-risk pregnancies will speak during the first day of DNC events Monday, as <a href="https://www.nytimes.com/2024/08/19/us/politics/harris-dnc-abortion-rights.html">reported </a>by the New York Times.
Each of the women faced hardships due to state abortion bans and the overturning of Roe v. Wade by the U.S. Supreme Court in 2022.
The speeches come as Harris' opponent, Trump, has expressed pride in being the driving force behind the overturning of Roe v. Wade.
Trump has <a href="https://www.benzinga.com/general/politics/24/04/38150115/donald-trump-backs-away-from-national-abortion-ban-this-is-all-about-the-will-of-the-people">shied away from a national abortion ban,</a> saying the decision should be left up to individual states. States deciding abortion rights could lead to more stories like the ones expected to be shared Monday night by women who say their high-risk pregnancies almost killed them, and in some cases they had to leave their own state to get care.
Abortion rights could be a theme of all four nights of the DNC, according to the report, making it one of the biggest election issues highlighted by the Democratic Party at the convention.
Harris' focus on health care costs could put a spotlight on stocks in the sector. Investors could see health care stocks come under pressure if Harris is elected president, which could impact ETFs like the SPDR Select Sector Fund – Health Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) and Vanguard Health Care ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHT#NYSE">VHT</a>).
<a href="https://www.benzinga.com/news/large-cap/24/03/37430360/womens-history-month-pharmacy-chains-cvs-health-walgreens-to-start-dispensing-abortion-pill-mifepr">Access to abortion pills</a> could also put pharmacies like CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) and Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) in the spotlight.
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Image created using artificial intelligence via Midjourney.

Trading Ideas

Auto Stocks, Abortion, Health Care In Spotlight At DNC: Joe Biden, UAW President, Women Affected By Roe V. Wade Decision Headline Night 1

The electric vehicle sector has become a major talking point of <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 presidential election</a>.
That&#8217;s partially thanks to Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s <a href="https://twitter.com/elonmusk/status/1812256998588662068">endorsing</a> Republican Donald Trump, even though the former president said, on Christmas Day, that EV supporters <a href="https://www.benzinga.com/news/23/12/36420386/joe-biden-replies-to-donald-trumps-rot-in-hell-christmas-message-love-your-enemies">should "rot in hell."</a>
The Democratic Party ticket could highlight their contrasting opinion on electric cars now that Vice President Kamala Harris selected Minnesota Gov. Tim Walz to <a href="https://www.benzinga.com/general/politics/24/08/40195119/tim-walz-joins-kamala-harris-on-democratic-ticket-5-things-to-know-about-minnesota-governor-vp-p">be her running mate.</a>
See Also: <a href="https://www.benzinga.com/news/24/08/40241988/pete-buttigieg-slams-jd-vance-for-stolen-valor-attack-on-tim-walz-denigrating-the-worth-of-a-soldier">Pete Buttigieg Slams JD Vance For &#8216;Stolen Valor&#8217; Attack On Tim Walz: Denigrating The Worth Of A Soldier Like Disparaging Women&#8217;s Citizenship</a>
What Happened: A 2024 presidential election win for Trump could benefit Tesla, considering the GOP nominee has <a href="https://www.benzinga.com/news/24/07/39804113/exclusive-elon-musk-is-burning-his-own-blue-bridges-by-donating-to-trump-says-market-expert">a friendly relationship</a> with Musk. 
And Trump has openly offered to change policy to benefit CEOs in exchange for <a href="https://www.benzinga.com/news/24/05/38997165/trumps-policies-for-money-transaction-with-big-oil-under-investigation-by-senate-democrats-cronyism">campaign contributions</a>. For Musk, the potential elimination of tax credits for EVs <a href="https://drupal-cloudfront.benzinga.com/markets/equities/23/04/31908273/rivian-and-volkswagen-id-4-owners-your-evs-are-now-eligible-for-federal-tax-credits">could stifle its competition</a>.
A Trump victory could also hurt the overall electric vehicle sector outside of Tesla, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39727992/tesla-bull-says-trump-win-is-negative-for-ev-industry-but-potential-positive-for-el">Tesla analysts say</a>. That&#8217;s something investors need to know ahead of the 2024 election, especially since Trump — at least <a href="https://www.benzinga.com/news/24/08/40154264/trump-says-electric-cars-are-fantastic-after-tesla-ceo-elon-musks-endorsement-i-have-to-be-you-know">before Musk&#8217;s endorsement</a> — often denigrated electric vehicles. 
Walz, like Harris, has been <a href="https://www.benzinga.com/government/24/07/39918749/kamala-harris-vs-trump-views-on-nearly-every-industry-evs-oil-gas-health-care-are-worlds-apart">positive on electric vehicles</a>. A win for the Democratic Party in November would likely continue tax credits and ramp up electrification.
Under Walz, Minnesota became the first in the Midwest and one of 17 states to back the emission standards set by California, as <a href="https://insideevs.com/news/729259/tim-walz-ev-advocate/">reported </a>by InsideEVs.
"Minnesotans certainly know that old adage, ‘you need to skate where the puck is going to be,'" Walz <a href="https://www.startribune.com/minnesota-adopts-clean-cars-standard-that-require-more-electric-vehicles/600081556">told </a>reporters back in 2021. "The puck is going to be in EVs. And that is irrefutable."
While serving as the Minnesota governor, Walz has advocated for both EV and hybrid vehicle adoption. His policies faced challenges from automotive dealers in the state, who attempted to sue the Minnesota Pollution Control Agency for alleged overreach.
Minnesota is currently advocating for electric vehicles to represent 20% of new car sales by 2030.
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Why It's Important: The auto industry could face a huge setback if Trump is elected as he could undue years of investment on the transition to electric vehicles, InsideEVs reports. 
Companies like Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) have spent years investing billions of dollars on the transition to EVs and building new factories and models that can appeal to customers. 
Musk's support of Trump could also have a negative impact on Tesla stock with a win by the former president in the election potentially setting the whole sector back.
It <a href="https://www.benzinga.com/news/24/08/40212204/tesla-loses-this-major-european-customer-after-elon-musk-endorses-trump-for-president">was recently reported</a> that European pharmacy chain Rossman decided to stop buying Tesla vehicles due to the Trump endorsement by Musk.
"Trump has repeatedly described climate change as a hoax — this attitude is in stark contrast to Tesla's mission to contribute to environmental protection through the production of electric cards," Rossman spokesperson Raoul Rossman said.
Rossman represents a small customer of Tesla totaling around 38 annual vehicles, but the decision by management could show that Musk's endorsement could hurt the company if more customers pull their sales and partnerships.
With the 2024 election expected to be close, investors are likely torn on whether they should be investing aggressively in electric vehicle stocks before the results are decided.
Two potential winners from a Harris/Walz win could be the KraneShares Electric Vehicle and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) and the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>).
The ETFs hold a basket of stocks in the electric vehicle sector and could benefit from Harris continuing the policies already put in place during Joe Biden's time in office.
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Tim Walz Could Be Good For Electric Vehicle Stocks: 'You Need To Skate Where The Puck Is Going To Be. The Puck Is Going To Be In EVs'

BYD Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) might surpass Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in annual <a target="_blank" href="https://www.benzinga.com/electric-vehicles" rel="noreferrer noopener">electric vehicle sales</a> in 2024 as demand grows in China but declines in the U.S. and Europe.
This marks a significant change from January when Bloomberg Intelligence expected Tesla to maintain its lead over BYD until the decade's end, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-24/tesla-to-lose-global-ev-sales-crown-to-byd-as-hype-wears-off?srnd=phx-industries&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a> writes.
However, BYD's rise could be short-lived as U.S. and European tariffs limit Chinese automakers' growth to Asia and emerging markets.
Weakening demand for battery EVs means that internal combustion engines, including hybrids, will sustain profits for legacy automakers like General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>). This trend might drive more share buybacks or takeover activities.
On Tuesday, Tesla reported its fourth consecutive quarter of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l" rel="noreferrer noopener">disappointing profits</a>. The company is behind its 1.8 million car sales from last year and has warned of a lower growth rate in 2024.
The company reported earnings per share of 52 cents in the second quarter, down 43% year-over-year, missing the consensus estimate of 62 cents per share.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39903129/buffetts-berkshire-hathaway-reduces-stake-in-tesla-rival-byd-below-5-to-shift-focus-to-us-report" rel="noreferrer noopener">Buffett's Berkshire Hathaway Reduces Stake In Tesla Rival BYD Below 5% To Shift Focus To US: Report</a>
Additionally, Porsche AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DRPRF#OTC">DRPRF</a>) recently <a target="_blank" href="https://newsroom.porsche.com/en/2024/company/porsche-second-quarter-half-year-profit-sales-revenue-36915.html" rel="noreferrer noopener">revised its goal of having battery-powered</a> cars account for more than 80% of new vehicle sales by 2030.
BYD briefly overtook Tesla in pure EV sales in the fourth quarter of last year, <a target="_blank" href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller" rel="noreferrer noopener">selling 526,409 units</a> compared to Tesla's 484,507.
This year, BYD continued its momentum by shipping nearly 1 million electric and <a target="_blank" href="https://www.benzinga.com/news/24/07/39592293/tesla-rival-byds-ev-sales-jump-21-in-q2-details" rel="noreferrer noopener">hybrid cars in the second quarter</a>, driven by aggressive discounts in China.
However, Bloomberg Intelligence warns that the price war in China is "unsustainable" and could lead to further market exits and consolidation.
Despite current challenges, BYD is forecast to hold its sales lead over Tesla through 2027. However, Tesla is expected to regain the top spot in 2028, with Volkswagen gradually closing the gap.
Tesla remains the largest automaker by market capitalization, valued at $786 billion as of Tuesday's close, before an 8% drop in extended trading. BYD is third, with a market cap of just under $100 billion.
Price Action: BYDDF shares were up by 3.66% to $31.50 premarket at the last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39889695/tesla-rival-byd-strengthens-smart-driving-tech-with-former-baidu-executive-report" target="_blank" rel="noreferrer noopener">Tesla Rival BYD Strengthens Smart Driving Tech With Former Baidu Executive: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: BYD

BYDDY

DRPRF

VWAGY

BYD Poised To Surpass Tesla In EV Sales As US And Europe Demand Wanes

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) share of the electric vehicle (EV) market in the U.S. has dipped <a href="https://www.benzinga.com/news/24/07/39685198/severely-damaged-tesla-cybertruck-involved-in-collision-turns-up-for-auction">below half for the first time</a>. 
What Happened: The Elon Musk-led company is seeing more automobile rivals grab market share in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39502910/elon-musk-could-sell-at-least-100-000-new-lower-cost-models-next-year-tesla-has-ove">sector it once dominated</a>. 
Tesla&#8217;s share of the EV market in the U.S. fell to 49.7% for the second quarter, marking the first time that it has been below 50% in a quarter, according to new estimates released on Tuesday by research firm Cox Automotive. That is down from a market share of 59.3% posted in the second quarter of 2023.
Cox plans to release its full second-quarter EV sales report on July 11, but it gave a sneak peek at some data, including Tesla&#8217;s dwindling market share, in its most recent newsletter. Here&#8217;s a breakdown of the numbers:
<ul>
<li>Tesla saw its U.S. sales decline by 6.3% over a three-month period</li>
<li>Strong EV sales by General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Hyundai and Kia lifted total second-quarter sales in the U.S. to a record estimated 330,463 units sold.</li>
<li>This total, an 11.3% increase year-over-year, quarterly sales and beat the previous record of 317,168 EVs sold in the U.S. during the fourth quarter of 2023.</li>
<li>EV sales accounted for 8% of total U.S. automobile sales in the second quarter, up from 7.1% in the previous quarter and 7.2% a year ago.</li>
<li>Llower sales from European luxury makers, such as Mercedes-Benz, pulled down the total volume.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/news/24/07/39697397/zapp-electric-vehicles-shares-are-off-the-roof-what-you-need-to-know">Zapp Electric Vehicles Shares Are Off The Roof: What You Need To Know</a>
"While Tesla's sales continue to decline, with its share of EV sales now below 50% for the first time, the overall electric vehicle competitive landscape intensifies&nbsp;further,&#8221; Cox&#8217;s Industry Insights Director Stephanie Valdez Streaty said in a statement. 
&#8220;This is leading to continued price pressure, helping push EV adoption slowly higher. Automakers that deliver the right product, at the right price, and offer an excellent consumer experience will lead the way in adoption."
Many consumers are now buying electric cars from established carmakers like BMW or Ford, which have large dealer networks that can provide maintenance and repairs, the New York Times <a href="https://www.nytimes.com/2024/07/09/business/tesla-electric-vehicles-market-share.html#:~:text=Tesla%20accounted%20for%2049.7%20percent%20of%20electric%20vehicles,and%20Kia%2C%20the%20research%20firm%2C%20Cox%20Automotive%20said.">reported</a>.
Price Action: Tesla gained 3.7% to close at $262.33 on Tuesday, while General Motors slipped 0.62% to $46.26 and Ford also dipped 0.62% to $12.90.
The Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) slipped 0.45% on Tuesday as iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) declined 0.17% and SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>) edged up 0.06%.
Read Now:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39678719/elon-musks-legal-foes-demand-billions-in-fees-call-tesla-ceos-attempts-to-reinstate-pay-plan-as-">Elon Musk&#8217;s Legal Foes Demand Billions In Fees, Call Tesla CEO&#8217;s Attempts To Reinstate Pay Plan As &#8216;Clown Show&#8217;</a></li>
</ul>
Image: Shutterstock

Tesla Loses Ground: Elon Musk's EV Market Share Falls Below 50% For First Time

Editor&#8217;s Note: This article has been updated to accurately report the remaining funds as $350 billion.
In an exclusive interview with Benzinga, Michael Sayers, CFA and vice president and portfolio manager at Rockland Trust, shared valuable insights into <a href="http://benzinga.com/topic/economy">today&#8217;s investment opportunities.</a> 
Below, we explore the key questions and Sayers&#8217; insightful responses:
<h2 class="wp-block-heading">How The CHIPS Act, IRA Act &amp; Infrastructure Act Create Investment Opportunities</h2>
When asked about the anticipated influence of recent legislative developments like the CHIPS Act, IRA Act, and Infrastructure Act on investment opportunities, Sayers provided a comprehensive overview. 
Regarding the potential effects of the CHIPS Act on technology investments and the semiconductor industry, Sayers pointed out the significant earmarked funds for semiconductors. 
He highlighted the substantial infrastructure-related spending authorized by these acts, totaling approximately $1 trillion over the next decade.
<h2 class="wp-block-heading">A Significant Amount Of Money Still On The Table</h2>
Some quick back-of the napkin math by Sayers went as follows;
&#8220;Infrastructure-related spending across the Inflation Reduction Act (IRA), Infrastructure, and CHIPS acts totals ~$1 Trillion over a period of 10 years ending in 2031. About $650 billion has been authorized/committed so far.&#8221;
<ul>
<li>About $250 billion has been allocation to semiconductors.</li>
</ul>
This should benefit investments into the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) which provides exposure to the semiconductor equity sector in the U.S.
<ul>
<li>Another $250 billion to clean energy and power.</li>
</ul>
The iShares Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NYSE">ICLN</a>), along with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) are among the two most popular ETFs that should benefit from this allocation.
<ul>
<li>$150 billion has been allocated for EV and EV batteries.</li>
</ul>
Investors in the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), the iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) and the KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) which invest in stocks of electric vehicle manufacturers, should see this benefit trickling down to them.
&#8220;That leaves a significant amount of money still on the table, particularly under the IRA &amp; CHIPS acts,&#8221; Sayer said pointing to $350 billion remaining from the total $1 trillion allocation.
<h2 class="wp-block-heading">Multi-Year Runway Of Annualized Double-Digit Growth Ahead</h2>
Backed by the $350 billion remaining, Sayers emphasized, &#8220;There is a multi-year runway of annualized double-digit growth in infrastructure-related construction &amp; manufacturing spending ahead of us through the end of the decade.&#8221;
Rockland Trust allocates to the Russell Global Infrastructure Fund (RGISX) to take advantage of this positive outlook but also to provide diversification to the high-quality stock &amp; bond portfolios that the firm manages for its clients
Investment Opportunities: Building upon Sayer&#8217;s insights into the potential growth in infrastructure and manufacturing sectors, let&#8217;s explore capital market instruments that investors could utilize to partake in this anticipated growth. Various Exchange-Traded Funds (ETFs) present attractive options for investors seeking exposure to these sectors.
ETFs for Infrastructure and Manufacturing Sectors: Infrastructure ETFs such as PAVE, IGF, and IFRA, as well as Manufacturing/Industrials ETFs like XLI and ITA, offer exposure to sectors poised for growth amid these legislative developments.
Let&#8217;s first look at the top infrastructure ETFs
These ETFs provide investors with diversified portfolios of companies operating in infrastructure development, manufacturing, and related industries, aligning with the anticipated growth trajectories highlighted by Sayers.
Some popular Infrastructure ETFs include:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Symbol</td>
<td>ETF</td>
<td> Total Assets ($MM)</td>
<td> YTD% (as of April 15)</td>
</tr>
<tr>
<td>PAVE</td>
<td>Global X US Infrastructure Development ETF</td>
<td>$7,514.84 </td>
<td>+11.32%</td>
</tr>
<tr>
<td>IGF</td>
<td>iShares Global Infrastructure ETF</td>
<td>$3,503.42</td>
<td>-1.49%</td>
</tr>
<tr>
<td>IFRA</td>
<td>iShares U.S. Infrastructure ETF</td>
<td>$2,320.23</td>
<td>4.71%</td>
</tr>
<tr>
<td>NFRA</td>
<td>FlexShares STOXX Global Broad Infrastructure Index Fund</td>
<td>$2,215.70</td>
<td>-2.04%</td>
</tr>
</tbody>
</table>
</figure>
Now let&#8217;s look at the top Manufacturing/Industrial ETFs
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td> Symbol </td>
<td>ETF</td>
<td>Total Assets ($MM)</td>
<td>YTD% (as of April 15)</td>
</tr>
<tr>
<td>XLI</td>
<td>XLI Industrial Select Sector SPDR Fund</td>
<td>$18,253,700</td>
<td>8.15%</td>
</tr>
<tr>
<td>ITA</td>
<td>ITA iShares U.S. Aerospace &amp; Defense ETF</td>
<td>$5,998,910</td>
<td>1.09%</td>
</tr>
<tr>
<td>VIS</td>
<td>VIS Vanguard Industrials ETF</td>
<td>$5,328,240</td>
<td>7.99%</td>
</tr>
<tr>
<td>PPA</td>
<td>PPA Invesco Aerospace &amp; Defense ETF</td>
<td>$3,012,080</td>
<td>7.63%</td>
</tr>
<tr>
<td>FXR</td>
<td>FXR First Trust Industrials/Producer Durables AlphaDEX Fund</td>
<td>$1,942,100 </td>
<td>8.12%</td>
</tr>
</tbody>
</table>
</figure>
Investors can strategically navigate legislative developments and capitalize on emerging growth sectors by leveraging ETFs tailored to infrastructure and manufacturing industries. 
With the guidance of financial professionals and thorough research, investors can position themselves to benefit from the evolving economic landscape.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38265826/high-interest-rates-could-cause-more-things-to-break-in-us-economy-by-2025-warns-st">High-Interest Rates Could Cause &#8216;More Things To Break&#8217; In US Economy By 2025, Warns Strategist </a>
Image generated using artificial intelligence via Midjourney.

Specialty ETFs

Exclusives

Interview

First Trust Industrials/Producer Durables AlphaDEX Fund

iShares S&P Global Clean Energy Index Fund

ICLN

IFRA

iShares S&P Global Infrastructure Index Fund

iShares Dow Jones US Aerospace & Defense Index Fund

NFRA

PAVE

EXCLUSIVE: Expert Predicts 'Double-Digit Growth' In 2 Sectors Thanks To Major Federal Investments (CORRECTED)

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) appears to be changing its strategy after noting in its last quarterly earnings report that it was facing lower demand for electric vehicles and that delivery growth rates in 2024 would be <a href="https://www.benzinga.com/quote/TSLA/news">&#8220;notably lower&#8221; than in 2023</a>.
The company&#8217;s fourth-quarter earnings <a href="https://www.benzinga.com/news/earnings/24/01/36768363/tesla-q4-earnings-highlights-revenue-miss-eps-miss-model-y-a-global-bestseller-next-gen-vehicle-upd">disappointed Wall Street</a> expectations, with misses on revenue and profit as the company reported negative impacts from growth in vehicle deliveries that have lower average sales prices. 
Tesla has already <a href="https://www.benzinga.com/trading-ideas/technicals/24/03/37827374/teslas-model-y-price-increase-how-it-impacts-ev-giants-stock">announced price increases</a> in the U.S. and the eurozone for its most popular vehicle — the Model Y SUV. 
 Last week, the company announced plans to increase the Model Y&#8217;s price in the U.S. by $1,000 starting next month, and by up to 2,000 euros in certain Eurozone countries.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25104942/newplot-2024-03-25T144926.234.png" alt="" class="wp-image-264066" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25104942/newplot-2024-03-25T144926.234.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25104942/newplot-2024-03-25T144926.234-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37910054/tesla-bear-wonders-if-price-hike-warnings-are-signs-of-looming-production-slump-sim">Tesla Bear Wonders If Price Hike Warnings Are Signs Of Looming Production Slump</a>
<h2 class="wp-block-heading">Production Slows</h2>
Meanwhile, there have been reports that Elon Musk is poised to announce Tesla is slowing production in China, partially due to competition from domestic producers such as BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) and Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), but also due to slowing growth in EV sales globally.
Colin Rusch, analyst at Oppenheimer, said: &#8220;With TSLA announcing planned price increases across geographies and reports surfacing about moderated production in China, we believe the company is working to deliver as many vehicles as possible before quarter end and managing supply/demand balance as it shifts focus toward maximizing value capture per vehicle away from unit growth.&#8221;
Is this a wise strategy, given that much of Tesla&#8217;s popularity has been built upon the relative affordability of its vehicles, compared with many of its competitors?
Rusch and his team at Oppenheimer believe that the company is setting the stage to increase the revenues it generates from software updates.
Rusch added: &#8220;We view TSLA as a leader in artificial intelligence for the physical world noting its leverage of uniform camera data into training systems for vehicles. We believe its wider release of Full Self-Driving 12.3 should accelerate training data collection and trigger incremental deferred revenue recognition in 1Q24.&#8221;
<h2 class="wp-block-heading">&#8216;Transformational Technology&#8217;</h2>
Tesla&#8217;s stock has fallen nearly 32% in 2024, with the decline starting at the end of December, before the company&#8217;s weaker-than-expected results published on Jan. 24. 
The Global X Autonomous &amp; Electric Vehicles ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NYSE">DRIV</a>), an exchange traded fund that tracks the makers of EVs and the chips and tech behind them, has performed better, but remains flat over 2024.
Oppenheimer lowered its 2024 delivery and revenue and profits estimates for Tesla, but retained its Perform market rating.
Rusch concluded: &#8220;We believe TSLA has the potential to be a transformational technology company and deliver outsized returns. 
&#8220;We believe the company&#8217;s execution on Model 3 and Y volumes in the medium-term and cost reduction, largely from a battery perspective, are critical to realizing positive incremental operating margin and cash flow necessary to support sustainable profitability.&#8221;
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37908015/teslas-growth-engine-stuttering-deliveries-miss-looms-as-analyst-questions-high-val">Tesla&#8217;s Growth Engine Stuttering? Deliveries Miss Looms As Analyst Questions High Valuation</a>
Image generated using artificial intelligence with Midjourney.

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