In a strategic move to tap into the thriving European electric vehicle (EV) market, U.S. automaker General Motors (NYSE: GM ) introduced its electric Cadillac Lyriq in France on Monday. The move marks a significant expansion for General Motors, which initiated EV sales in Switzerland last October, signaling its return to European markets after divesting the Opel and Vauxhall brands in 2017. In contrast to its approach in the United States, where General Motors heavily relies on a vast dealer network, the company is adopting a different strategy for European customers. European buyers can now personalize and purchase their Cadillac electric vehicles online, … Full story available on Benzinga.com
The electric vehicle market is a jungle. Several EV stocks have been competing for the top spot as 2023 ended with a slow grind due to decreasing demands. The Biden administration is also easing up on its EV transition goals , further dampening prospects. Still, the massive government support remains in place, and continued, albeit slower, adoption is still a strong catalyst for continued growth. Well-positioned, well-managed EV companies are still great growth candidates as the green energy transition accelerates across many industries. Investors who want to bet on EV stocks should consider these three potential picks. Tesla (TSLA) Source: Arina P Habich / Shutterstock.com These days, Tesla (NASDAQ: TSLA ) is almost synonymous with Elon Musk and electric vehicles. The company is well known for being one of the proponents of the viability of mass-produced electric vehicles. While TSLA is known for its EV cars, it also offers other products that fall under the energy generation and storage segments.
The hunt for new investment opportunities in electric vehicle stocks heats up as EVs revolutionize the auto industry. In this pursuit lie hidden gems that are likely to blow up in the stock market in the not-so-distant future. These under-the-radar bets are making significant advances, ramping up production, enhancing their technology, and improving their financial positioning. Moreover, the EV market’s growth trajectory remains mighty impressive. In fact, analysts expect a whopping $906.7 billion in value by 2028 . This bullish trend spotlights ripe investment opportunities set for long-term expansion. These standout hidden gems embody resilience and innovation, offering plenty of potential upside ahead. Magna International (MGA) Source: JHVEPhoto / Shutterstock.com It has been a busy few months for Canadian automotive parts manufacturer Magna International (NYSE: MGA ). It recently partnered in the NorthStar innovation program with Telia Sweden and Ericsson . The plan aims to boost its vehicle-to-vehicle ( V2V ) and vehicle-to-everything ( V2X ) communication capabilities using a specialized private 5G network.
Electric vehicle (EV) stocks took a hit in Q4 of 2023 as the long-term outlook for EV demand decreased. Many stocks that surged over the past three years now face price corrections as consumer values change. Despite the environmental benefits of EVs, most consumers lack access to robust charging networks that would make owning an EV practical. As such, EV companies, which seemed like the future of personal transportation, are now struggling to increase sales. A few EV stocks are still showing promise, however, thanks to their specialized approach to the electric vehicle market. That’s because, even though EVs may be decades away from replacing petrol-powered cars, there are plenty of opportunities to shine. While the value of EV stocks overall remains to be seen, these three companies currently capture niche EV markets. That, in turn, provides investors with strong options in the EV market during a period of industry price correction. Li Auto (LI) Source: Robert Way / Shutterstock.com Steady sales for much of 2023 put Li Auto (NASDAQ: LI ) on everyone’s EV radar last year as the industry slowed.
After the debacle that was early testing on the General Motors (NYSE:GM) Cruise line, it wasn’t all that surprising to see it taken out of commissi…
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After a major setback in its self-driving car business, General Motors is ready to try again, this time in Dallas and Houston. The post GM Tries to Get Back Into Self-Driving Cars After Major Failure appeared first on 24/7 Wall St. .
Rivian needs cash and GM needs EVs. They''re a perfect match.
Unlocking 20x stocks in the next decade starts with emerging tech. As investors hunt for opportunities that promise twentyfold gains, focusing on sectors where innovation is exploding is imperative. The landscape of potential is vast, with artificial intelligence, renewable energy, biotechnology, fintech and other tech verticals leading the charge. These domains aren’t just riding the wave of current trends; they’re effectively creating the tsunamis of change in our future. Each sector, from AI’s deep integration across various sectors to renewable energy’s critical role in combating climate change, each emerging sector offers unique pathways for stellar returns. Savvy investors can navigate toward a future brimming with possibility by leveraging the breakthroughs in these developing sectors. The journey to 20x returns is paved with challenges, but the rewards could be monumental for those ready to invest in the next wave of tech advancements. Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE: LAC ) stands out as a remarkably undervalued bet in the lithium sector, powered by its Thacker Pass project in Nevada.