Tesla and the electric car revolution
Our experts analyse the massive changes undergoing the automotive industry and opportunities for investors.
Governments worldwide are investing billions of dollars into green initiatives, especially in Europe and the US. One of the key beneficiaries of this drive toward environmentally friendly societies is the electric vehicle industry. We’ve already seen the rise and rise of Tesla, which has made fortunes for shareholders and disciples of founder and CEO Elon Musk. But as with any evolving industry, rival technologies emerge and render others obsolete.
We’re currently seeing such rapid development in both vehicle design, infrastructure and battery type, size and life, that it is very clear the marketplace for green transport will continue to change quickly. There will inevitably be winners and losers, and it is our job is to keep investors up to speed with events as the race to dominate, or at least grab a share of this massive market evolves.
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If you're looking to invest in the greener mode of transportation, the obvious choice may be pure-play electric vehicle (EV) manufacturers and legacy car manufacturers who are investing large sums of money to develop the electric mode. However, you can also tap into the booming EV market with battery manufactures, lithium producers, automotive suppliers, semiconductor stocks and charging companies. Here we highlight a selection of stocks related to the EV ecosystem, but please note the list is not exhaustive.
Electric vehicle manufacturers
Tesla Inc
(NASDAQ:TSLA)
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. It sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. It also makes solar roofs and plans to enter the HVAC market.
NIO Inc
(NYSE:NIO)
NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.
Rivian Automotive
(NASDAQ:RIVN)
Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.
Lucid Group Inc
(NASDAQ:LCID)
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.
Nikola Corp
(NASDAQ:NKLA)
Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.
Electrameccanica Vehicles Corp
(NASDAQ:SOLO)
Electrameccanica Vehicles Corp Ltd is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company's flagship vehicle is the purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO provides a driving experience that is trendy, fun, affordable and environmentally friendly.
XPeng Inc
(NYSE:XPEV)
XPeng Inc is a Smart Electric Vehicle company designing, developing, manufacturing and marketing smart electric vehicles in China. The company manufactures environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). It targets the mid- to high-end segment in China's passenger vehicle market.
Li Auto Inc
(NASDAQ:LI)
Li Auto Inc designs, develops, manufactures, and sells smart electric SUVs. The company's Li ONE, is a six-seat, large electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions.
Fisker Inc
(NYSE:FSR)
Fisker Inc is revolutionizing the automotive industry by developing the emotionally desirable and eco-friendly electric vehicles on Earth. The company is a e-mobility service provider with sustainable vehicles.
Workhorse Group Inc
(NASDAQ:WKHS)
Workhorse Group Inc is a technology company. It designs, develops, manufactures, and sells high-performance, medium-duty trucks with powertrain components under the Workhorse chassis brand.
GreenPower Motor Company Inc
(NASDAQ:GP)
GreenPower Motor Company Inc is the manufacturer and distributor of an all-electric charter, school and city buses. Its product line includes All-electric transit buses and All-electric school and shuttle buses.
Kandi Technologies Group Inc
(NASDAQ:KNDI)
Kandi Technologies Group Inc is an automobile manufacturer with focus on electric vehicles primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, among others.
Arrival
(NASDAQ:ARVL)
Arrival is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. The initial focus for the company is the production of commercial electric vehicle vans and buses.
Battery manufacturers / Lithium producers
Albemarle Corp
(NYSE:ALB)
Albemarle Corp is a developer, manufacturer and marketer of engineered specialty chemicals. It provides services to end markets including petroleum refining, consumer electronics, construction, automotive, lubricants and pharmaceuticals.
SQM
(NYSE:SQM)
Sociedad Quimica Y Minera De Chile SA (SQM) is an integrated producer of potassium nitrate and iodine chemicals. It also produces plant nutrients, potassium chloride, potassium sulfate and certain industrial chemicals including industrial nitrates.
Enphase Energy Inc
(NASDAQ:ENPH)
Enphase Energy Inc delivers energy management technology for the solar industry. The company designs, develops, manufactures and sells home energy solutions that connect solar generation, energy storage, and management on one intelligent platform.
EnerSys
(NYSE:ENS)
EnerSys manufactures, markets and distributes industrial batteries and related products such as chargers, power equipment and battery accessories.
FMC Corp
(NYSE:FMC)
FMC is a pure-play crop chemical company. The company has diversified its sales to create a geographically balanced crop chemical portfolio. Through acquisitions, FMC is now one of the five largest patented crop chemical companies and will continue to develop new products through its research and development pipeline.
Automotive suppliers
BorgWarner Inc
(NYSE:BWA)
BorgWarner Inc is a supplier of auto parts. Its products comprise technologies for combustion, hybrid and electric vehicles. The company operates in two business segments that are Engine and Drivetrain. The Engine segment generates maximum revenue.
Aptiv
(NYSE:APTV)
Aptiv PLC primarily supplies components and systems that are used to build a vehicle's electrical system. The company also provides body controls, infotainment and connectivity systems for the automobile industry.
Magna International
(NYSE:MGA)
Magna International Inc is an auto parts supplier. Its products include chassis, interior, exterior, seating and powertrain.
Eaton Corp
(NYSE:ETN)
Eaton Corp PLC is a power management company. It provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. Eaton’s products include UPS systems, cylinders, circuit breakers, among others.
Semiconductor stocks
NVIDIA Corp
(NASDAQ:NVDA)
NVIDIA Corp is a developer of graphics processing unit. It caters to areas like gaming, professional visualization, datacenter and automobiles.
NXP Semiconductors NV
(NASDAQ:NXPI)
NXP Semiconductors NV is a semiconductor company. It mainly provides high-performance mixed signal and standard product solutions for automotive, identification, wireless infrastructure, industrial, mobile, consumer and computing applications.
Microchip Technology Inc
(NASDAQ:MCHP)
Microchip Technology Inc develops, manufactures and sells semiconductor products used for a range of embedded control applications. It also provides license Flash-IP solutions.
Analog Devices Inc
(NASDAQ:ADI)
Analog Devices Inc is engaged in the semiconductor industry. Its business involves designing, manufacturing and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in all types of electronic equipment.
Electric vehicle charging
Blink Charging Co
(NASDAQ:BLNK)
Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.
ChargePoint Holdings Inc
(NYSE:CHPT)
ChargePoint Holdings Inc is an EV charging network provider committed to enabling the electrification of mobility for all people and goods. It is creating a new fueling network to move people and goods on electricity. Its cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to the workplace, parking, hospitality, retail, and transport fleets of all types. It provides access to several places to charge in North America and Europe.
FuelCell Energy Inc
(NASDAQ:FCEL)
FuelCell Energy Inc is an integrated fuel cell company. It designs, manufactures, sells, installs, operates and services ultra-clean, efficient stationary fuel cell power plants for distributed power generation.
EVgo Inc
(NASDAQ:EVGO)
EVgo Inc is the public fast charging network for electric vehicles powered by renewable energy. It leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations, and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV.
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