Global X Autonomous & Electric Vehicles ETF Price & Performance (DRIV)

ICICI Prudential Mutual Fund has introduced the Nifty EV & New Age Automotive ETF and a corresponding Fund of Funds (FOF). These offerings provide exposure to India’s growing electric vehicle ecosystem, including automakers, battery manufacturers, and software providers. The NFO for the ETF is open from March 21 to April 2, 2025.1

The lithium market remains volatile due to oversupply concerns and trade tensions. Analysts highlight that policy shifts and global trade disputes are influencing battery metal dynamics. Despite high demand from EV manufacturers, market instability may persist in the short term as geopolitical factors play a significant role.2

XPeng anticipates delivering between 91,000 and 93,000 vehicles in Q1 2025, reflecting strong consumer demand. The company has reported improved financials, including steady revenue growth and narrowing losses. With a focus on innovation and autonomous technology, XPeng strengthens its competitive position in the EV sector.3