Global X China Electric Vehicle and Battery ETF (2845)

The Global X China Electric Vehicle and Battery ETF is an exchange-traded fund focused on the burgeoning electric vehicle (EV) and battery technology sector within China. Its primary function is to provide investors exposure to the rapidly expanding Chinese market of electric vehicles and the associated battery technology industries, driving the global shift towards cleaner and more sustainable transportation solutions. This ETF tracks an index specifically composed of Chinese companies involved in the production, development, and innovation of electric vehicles and their critical components, such as batteries. Notably, this ETF targets companies across the supply chain, from those manufacturing advanced lithium batteries to automakers pioneering electric and hybrid vehicle technologies. By concentrating on the Chinese market, which is one of the world’s largest and fastest-growing markets for electric vehicles, the Global X China Electric Vehicle and Battery ETF plays a significant role in the financial market by offering a unique investment vehicle that capitalizes on Asia's technological advancements and policy support favoring green technologies.