Thomas Barwick/DigitalVision via Getty Images If one had to point out the main rival of Tesla one would almost certainly end up with BYD (OTCPK:BYDDF) (OTCPK:BYDDY), the Chinese battery and EV producer who for a brief period produced even more EVs than Tesla, and could very well overtake them again soon. We discussed BYD more fundamentally here in early April and came away very impressed (and we're not the only ones) as they have managed to gain ground rapidly on its main international rival Tesla (TSLA), w ...

Chinese EV stocks to buy have taken the market by storm, with BYD (OTCMKTS:BYDDF) leading the charge as a clear frontrunner. Not only have they dominated the domestic market, but they continue to spread their tentacles across the globe. Chinese EV exports shot up by 77% in 2023, reaching 1.2 million cars. Moreover, BYD knocked EV pioneer Tesla (NASDAQ:TSLA) off its perch to become the largest seller of battery EVs during the fourth-quarter (Q4) of 2023. However, with the Biden Administration's sweeping tari ...

"As leaders in the auto dealership industry, Grupo Fame understands the impact EVs are making in the market and we plan to continue to provide EV charging solutions to meet driver needs, taking part in this growing segment of automotive sales," said Angel Solis, Manager of Grupo Fame. "We're happy to have found a trusted vendor that can provide state-of-the-art chargers with native GBT plugs for use in our dealerships. We are proud to be a pioneer in the region, embracing EV adoption by empowering our deale ...

Should Ford Be Afraid of New BYD Pickup? TennesseePhotographer / iStock Editorial via Getty Images 24/7 Insights Ford Motor Co. (NYSE: F) depends on sales of the bestselling F-Series pickups. Chinese EV maker BYD is set to launch a plug-in hybrid pickup in North America. There may be a collision coming. Ford Motor Co. (NYSE: F) sold 217,511 of its F-Series pickups in the first four months of 2024. That mostly includes the F-150, which has been the best-selling vehicle in the United States for four decades. ...

Li Auto (NASDAQ:LI) is a leading Chinese automotive player focusing on high-end smart electric and hybrid vehicles. It is one of the fastest-growing EV companies worldwide, with deliveries increasing by over 1,000% from 2020 to 376,030 units last year. What separates Li from its competition is its superior execution and solid financial position. As per its latest earnings print, the company had a colossal cash buffer of $14.6 billion, considering it had just $512 million in cash back in 2019. This emphatic ...

The stock market is currently under pressure, as the U.S. economic report last week indicated a significant slowdown in growth and persistent inflation issues. Amidst this downturn, savvy investors are looking for EV stocks to buy.The U.S. GDP grew by only 1.6% in the first quarter, below the anticipated 2.4% growth rate, as reported by the Bureau of Economic Analysis. Moreover, the personal consumption expenditures price index rose to 3.4%, up from 1.8% in the previous quarter, signaling ongoing inflationa ...

The electric vehicle (EV) market has seen better days in 2024. The U.S. Federal Reserve’s decision to begin raising rates in the first half of 2022 has ultimately resulted in the highest federal funds rate in more than two decades. This has a lot of implications for the EV space and the EV stocks that Wall Street still loves. New-car buyers will find it difficult to purchase new vehicles due to more expensive car loans as well as car insurance. Moreover, if interest rates remain elevated, which is likely th ...

The electric vehicle (EV) pure plays shifted gears into reverse in recent quarters, allowing some traditional automakers to pull ahead of them, at least over a year-to-date basis. Indeed, recent actions seem to suggest that the EV titans may have been a tad too ambitious regarding the electric transition. As traditional automakers gradually inch away from ICE (internal combustion engine) vehicles towards hybrids and fully electric vehicles, it will be very interesting to see how consumers react. In any case ...

The electric vehicle (EV) is a market with high growth potential as both consumers and governments are beginning to favor EVs over traditional gas-fueled vehicles. In 2023, global electric car sales totaled 13.6 million units. This year, the market is expected to reach 17 million EVs sold — a 27.1% increase. Despite fierce market competition, the increasing demand for EVs still leaves EV companies with a large room for growth. Below are the three EV stocks to buy in April.Li Auto (LI)Source: Robert Way / Sh ...

With the electric vehicle (EV) industry at a crossroads, it might seem odd to consider wagering on the best EV stocks to buy in April. Macroeconomic headwinds and fierce competition have led to a substantial slowdown in EV sales in 2023, and the trend continues into the first quarter (Q1) this year. To top it off, whispers are growing louder that the excitement surrounding the industry has fizzled out.Despite the headwinds, EV sales are expected to rise this year and for the foreseeable future. However, it’ ...