The Global X Autonomous & Electric Vehicles ETF (NASDAQ:[ DRIV ] is one of the auto ETFs that is a play on the future industry; [a future that is destined] to include autonomous vehicles and many more plug-in and hybrid cars. In other words, DRIV has the potential to be an exciting auto ETF.
I’m not an ETF investor; but would like to know if we have a UK version or sumthing similar play in autonomous driving address to UK investors.
I’d be going for BCN Bacanora Minerals as they have lithium mining for the EV vehicles and have backing from Ganfeng the world’s second largest battery producer. They’re at the bottom of the cost curve and will soon flourish in my opinion.
I would highly recommend not to substitute a low-risk etf with a small company that does run a loss and hasn’t even had revenue for the last years. This stock is highly highly speculative and massively risky.
Highly speculative I agree. Not suggesting to replace a low risk etf but I personally believe this will fly first in Feb then in March and again in early summer. With every investment we must all be diligent.