Buy Now: Top Electric Vehicle Companies Worth Investing in.
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With well-known brands like Elon Musk’s Tesla capitalizing on social media fame, getting involved in electric vehicles is inevitable for many investors. But doing so strategically is key. Learn how to spot lucrative investment opportunities in Electric Vehicle stocks and Electric Vehicle support industries.
One of the best ways to identify quality electric vehicle stocks is to identify which stocks are currently undervalued. When analyzing undervalued stocks, it’s important to consider their history and potential, as well as their trends compared to the general market.
The electric vehicle industry is currently facing multiple pressures that affect Electric Vehicle companies’ short-term stock prices (but not their long-term value), including issues such as chip shortages. Spotting large industry players whose stocks have fallen below the average is an excellent way to get a steady stream of stocks that develop over time.
Savvy investors have long abandoned the “Buy American” motto when investing in the auto industry, but some may still need a little push to buy Chinese Electric Vehicle stocks. When looking back at the current trends of NIO and Xpeng Motors, their current performance should be the only boost U.S. investors need.
However, supply chain issues are currently weighing on NIO’s shares to some extent. The resolution of these issues can create undervaluation, and savvy investors will jump out.
The company’s advanced Electric Vehicle service station program innovates the way Electric Vehicle drivers travel long distances, ensuring investors’ confidence in NIO’s future. Recently, NIO plans to launch three new products based on its technology platform in 2022.
The opposite of NIO is Xpeng Motors, one of China’s other giant electric vehicle giants. In the third quarter of 2021, Xpeng Motors’ deliveries increased by 199.2% year-on-year, surpassing NIO in the digital game.
BYD Corporation manufactures internal combustion engine vehicles and electric vehicles. It is also involved in the battery and photovoltaic business and the development of rail transport. The company was established in 1995 and entered the automotive sector in 2003. In 2020, automobiles and related products contributed 53% of the company’s revenue. BYD’s revenue has grown rapidly and has been profitable for years.
In the second quarter, BYD’s new energy vehicles delivered 99,828 units, including plug-in hybrid vehicles and commercial vehicles such as buses. Excluding plug-in hybrids and commercial vehicles, BYD delivered 54,841 passenger battery-electric vehicles in the second quarter. That’s much higher than the Electric Vehicles delivered by NIO or Xpeng. By comparison, BYD delivered 42,716 combustion engine vehicles in the second quarter. As a result, the company’s sales of electric vehicles outpaced sales of its internal combustion engine vehicles.
Established in 2015, Li Auto started commercial production in November 2019 and is currently targeting the premium SUV segment of the Chinese Electric Vehicle market. The company’s manufacturing plant in Changzhou has an annual capacity of 100,000 units, which can be expanded to 200,000 units with additional machines. Li delivered 17,575 electric vehicles in the second quarter of 2021, up 166% year-on-year. Deliveries beat the company’s guidance of 14,500 to 15,500 vehicles for the quarter.
Niu Technologies is different from other electric vehicle stocks because the company sells electric scooters. Founded in 2014, Niu has sold around 1.8 million electric scooters worldwide. It sells scooters, bicycles, mopeds and motorcycles in more than 45 countries. The company’s revenue has grown rapidly over the years and has been profitable for two consecutive years.
Niu Technologies benefits from being a first mover in a rapidly growing market segment. In the second quarter of 2021, Niu sold a total of 252,998 electric scooters, a year-on-year increase of 58%. Of these, 246,018 were sold in China. Mavericks is expanding production capacity, which it expects to double from 1 million at the end of March to 2 million by the end of 2021.
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