In the fast-growing market for electric vehicles, in addition to Tesla, there are a number of companies that deserve investor attention. Interest is growing as compared to the success of Tesla, and the expectations of stimulus from the U.S. government.
2020 the best year for stocks, sector, electric vehicles, since, for the success of Tesla (TSLA) investors invested in the shares of its competitors, the company’s joint use of electric vehicles, producing electric buses, electric filling stations, software, and other startups in the industry.
In a difficult year of the pandemic the stock of electric vehicles has grown even higher than the biotechnology sector, outperforming all other sectors of the market. Proof of this was the growth of the index Fund Global X Autonomous & Electric Vehicles ETF (DRIV) for 75.3% in the last 12 months and 13.6% since the beginning of 2021.
Report research service of Bloomberg New Energy Finance (BNEF), which provides analysis, data and news on the transformation of the energy sector, showed that investment in renewable energy reached $303,5 billion, which is 2% more than last year, mainly due to the largest in the history of the construction of solar projects, as well as the emergence of wind turbines on $50 billion At the same time, the first place in the investment took the sector of electric vehicles.
Thus, investment in infrastructure charging in 2020 amounted to $139 billion, which is 28% above last year’s level. The market of passenger cars, in turn, showed a four-fold increase compared with the level in 2016.
With the arrival of Joe Biden to the White house and getting Democrats a majority in Congress, of the company for the production of electric vehicles can become one of the biggest beneficiaries of the new government.
Biden promised to install 500 000 charging stations, – a number which, according to analysts, could be an incentive to sales of 25 million electric vehicles, or 25 times more than Tesla expects to sell in 2021. Learn more about Tesla, see the article Marketinfo.pro “Tesla has not reached the estimated profit in the 4th quarter but surpassed income growth”.
Among the direct competitors of Tesla is, as car manufacturers with a long history and startups, whose shares because of their rates of interest to investors.
Competitors Tesla
While the motives of the transition to electric vehicles in its product lineup, General Motors (GM), BMW, Volkswagen, Nissan and other traditional automakers, clear – following the demand and the new standards of sustainability, the manufacturer of smartphones and online services Apple (AAPL) is a brand new business.
Apple a few years ago worked on the project the Apple Car, but eventually abandoned the idea. Today, having a lot of money to invest and consumers around the world, Apple can succeed in securing a reliable partnership in the automotive industry.
Nio and Xpeng Auto Li
One of the strong competitors, especially in the Chinese car market the company looks like Nio (NIO), however, the growth of its shares in 1267% is controversial evaluation and recommendation of market experts.
Other Chinese manufacturers of electric vehicles Xpeng Motors (XPEV) and Auto Li (LI) have a smaller range and a much more modest number of deliveries than Nio, but at the same time, their shares have not been so expensive. Stock market beginners Xpeng Motors and Li Auto for the last quarter grew by 152% and 67.7%, respectively.
Li Auto has received funding from the Chinese giants Meituan and Bytedance and today is estimated at nearly $30 billion.
Xpeng, in turn, has attracted more than $500 million from companies such as Aspex, Coatue, Hillhouse Capital and Sequoia Capital China, as well as $400 million from Alibaba, and the Qatar Investment Authority sovereign wealth Fund of Abu Dhabi, Mubadala.
Read more about the quantity of supplies and assortment in the article “Chinese electric vehicle startups Nio and Xpeng Auto Li reported an increase in supply”.
Electra Meccanica Vehicles
A lot of attention in 2020, has attracted the canadian company Electra Meccanica Vehicles (SOLO), which accepts pre-orders for my single electric Solo at a price of about $18 500.
Assembly production and technical center of the company was opened in Arizona and Tennessee. In addition, Electra Meccanica is now available to pre-order on double models Tofino and eRoadster.
The company is also focused on Europe and Southeast Asia in a few years. Over the past year, shares of Electra Meccanica increased by 274%
Manufacturers of electric trucks and buses
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Workhorse
Shares of Workhorse Group (WKHS) increased by 1026% in the last 12 months, as the company is regarded as a leader in the production of electric trucks medium-duty market which is huge. Every year in the United States sold more than 350 000 trucks for delivery. With an average sale price of $50,000 market is estimated at about $18 billion.
The company is also developing a Workhorse HorseFly drones for delivery services, systems optimization, energy efficiency and optimal routes, and even electric aircraft.
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GreenPower Motor
Canadian GreenPower Motor company produces a fully electric buses of different configurations, including double-Decker and school bus. The main production GreenPower is located in Porterville, California and the company, primarily focused on the North American market.
The value of shares GreenPower Motor soared from $2.03 to an annual maximum of $of 28.45. This means that since the beginning of the year, investors received a 1300% return. And as this sector is gaining momentum, GreenPower there are many opportunities for development.
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NFI Group
NFI Group is one of the leading canadian manufacturers of electric buses of different carrying capacity, production at five plants in the United States. In addition to the more positive of the financial statements, it is also one of the few companies that really pays dividends to its investors.
The acquisition of shares in NFI Group gives investors the opportunity to access this rapidly growing industry, while the stock is still cheap.
Company “car-share” Uber, Lyft, Facedrive
Uber and Lyft, two of the largest player in the field of taxi, suffered during the pandemic, but focused on the development of your business of food delivery, goods, stating its intentions to transition to a fleet of electric vehicles by 2030.
Company Facedrive, in turn, in 2019 became the first company with an electric fleet in the field of joint use of vehicles and moving quickly to expand in North America.
The model is built on the Facedrive app with a subscription and works not only in the field of travel services, but also in the fields of food delivery, e-Commerce and medical technology.
Other shares of electric vehicles
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Technology auto Steer
The company STEER offers limited Autonomous functions that help drivers identify obstacles on the road and signs and also allow you to control the entry and exit of the vehicle.
In addition to ordinary consumers, the company offers its partnership business owners, property Manager, infrastructure, and companies “smart house”.
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Charger Blink Charging
The company Blink Charging (BLNK) is the market leader in charging equipment for electric vehicles with more than 23,000 charging stations.
Service Blink Network utilizes a proprietary cloud-based software that operates, maintains, and monitors the charging station for electric vehicles connected to the network and the associated charging data. With the forecast that the global procurement of electric vehicles will grow to 10 million cars by 2025 from approximately 2 million in 2019.
Blink Charging stock has demonstrated a rapid growth 2093% over 52 weeks, being one of the most popular stock in the electric vehicle.
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Dealer AutoCanada
To buy shares of AutoCanada dealership, covering the market of Canada and the United States, is another way to indirectly invest in the rapidly evolving industry of electric vehicles. AutoCanada offers a wide selection of new and used cars and offering all types of financial capacity to meet the needs of any user.
Although this year’s sales fell due to the pandemic COVID-19, AutoCanada will probably see a return to growth, as the purchasing power and demand for electric vehicles will increase.
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Auto parts Westport Fuel Systems and Magna International
Westport Fuel Systems helps to create the tools necessary for the manufacturers to use less harmful fuels such as natural gas. Although natural gas is not attracted as much attention as electric cars on roads around the world we go over 22.5 million cars running on natural gas. It is expected that this market will grow as the beginning of the energy transition.
Company Magna International for today is one of the leaders in the production of mobile technology to automakers, which is actively investing in AI and automation 5-th level. 63-year-old canadian company provides technology for brands of all types and has already signed contracts with GM, Ford, BMW and Tesla.
