Many car manufacturers have already jumped on the band-wagon of “leaving petrol and diesel engines behind”, led by Tesla.
While Tesla | TSLA.OQ has experienced a growth of 213.45% in the last 12 months, the market is becoming more competitive with other companies' stocks. Let's look at 8 of them.
ℹ️ NIO made headlines as a Chinese electric-vehicle manufacturer that will sell cars without batteries, and instead will offer customers to get access to Nio's battery-swapping stations, where they can exchange spent batteries for fresh ones.
🏛️ NIO's current market cap is $76.86 billion.
📊 NIO.N is up +531.36% in the last 12 months.
ℹ️ Xpeng is one of several domestic Chinese electric-vehicle makers aiming to take a share of the upscale electric vehicle market targeted by Tesla. The company was founded in 2015 by former Alibaba executive Xiaopeng He and auto-industry veteran Heng Xia.
🏛️ Xpeng's current market cap is $36.30 billion.
📊 XPEV.N is up +113.15% in the last 12 months.
ℹ️ Founded in 2015, Li has grown quickly in China, selling more than 10,400 electric vehicles with a range that tops 500 miles. The company is still relatively youngs on the stock exchange, listed only about a year ago.
🏛️ Li Auto's current market cap is $27.24 billion.
📊 LI.OQ is up +82.93% in the last 12 months.
ℹ️ Nikola focuses on producing an all-electric truck hitting the road in 2021 and a hydrogen fuel-powered semi debuting in 2023. The company's stock rised 6-fold in 2020 from roughly $10 to $65 per share, but has now fallen back to around $16 per share.
🏛️ Nikola's current market cap is $6.5 billion.
📊 NKLA.OQ is down -76.41% in the last 12 months.
ℹ️ Ford has reported that the company will spend $30 billion on electric vehicles by 2025, and that 40 percent of its global fleet will be all-electric by 2030.
🏛️ Ford's current market cap is $56.93 billion.
📊 F.N is up +131.21% in the last 12 months.
ℹ️ Similarly to ford, General Motors has reported that it will increase spending on electric and autonomous vehicles to $35 billion through 2025. CNBC says that the higher spending will include plans to accelerate the production of its battery and fuel cell technologies.
🏛️ General Motors' current market cap is $85.24 billion.
📊 GM.N is up +122.83% in the last 12 months.
ℹ️ According to Bloomberg, Volkswagen is planning to make and sell considerably more electric vehicles in North America after Joe Biden mapped out a $174 billion plan to accelerate the move to electric cars. The automotive giant plans to launch about 70 battery-powered models by the end of the decade.
🏛️ Volkswagen AG's current market cap is $131.21 billion.
📊 VOWG is up +103.52% in the last 12 months.
ℹ️ Toyota has been popular with its hybrid engines over the past few years, making it cheaper, efficient and more environment-friendly to drive than with diesel or gasoline engines. However, the company has also just announced a new model - bZ4X - which will be its first battery-electric vehicle in years for the U.S. market, set to arrive in 2022.
🏛️ Toyota's current market cap is $288.26 billion.
📊 TM.N is up +38.16% in the last 12 months.
When trading stocks of electric vehicle manufacturers, one thing that may differ is how news affects the prices of each type of stock. This is due the fact that electric-only manufacturers are less-established and more startup-like companies relative to companies that have been around for ages and have a variety of products and strong reputation, e.g. Toyota.
Let us know in the comments which of the listed stocks are you the most bullish on!
Kind regards, Your NAGA team 🌶
*All data is based on Google Finance, as of 21 Jun pre-market figures.
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