Fossil Group(US:FOSL) Investor Place·2024-06-13 17:06Group 1: Rivian (RIVN) - Rivian is a leading American EV company with potential for significant growth, currently trading at a discount, making it an attractive investment opportunity [2] - The company is expanding its product line and is focused on the highly anticipated R2 model, alongside building a $5 billion production facility in Georgia to increase production capacity [2] - Rivian has over $10 billion in cash reserves, which provides financial stability and reduces bankruptcy risk, while its revenue has grown over 100% in the past year [9] Group 2: Li Auto (LI) - Li Auto is a prominent Chinese EV manufacturer specializing in SUVs, addressing the common issue of limited range in EVs with its range extenders [4] - The company plans to invest over 6 billion yuan to establish 5,000 charging stations, creating a new revenue stream and enhancing accessibility for consumers [4] - Li Auto reported a remarkable 270% year-over-year growth in revenue, reaching $34.7 billion, and maintains consistent profitability, reducing bankruptcy risk [10] Group 3: General Motors (GM) - General Motors is a major automotive manufacturer that has heavily invested in its EV segment, delivering over 75,000 EVs in 2023 and projecting production of 200,000 to 300,000 EVs in 2024 [6] - The company plans to invest $35 billion in EV development through 2024, positioning itself advantageously against smaller competitors [6] - GM sold approximately 6.2 million cars in 2023, generating nearly $140 billion in revenue, with a profit margin of about 7%, allowing for substantial R&D investment in EVs [11] Group 4: Industry Overview - The EV market is rapidly growing, with around 20% of cars sold in the U.S. being EVs, valued at $50 billion in 2022, and expected to grow at a compound annual growth rate of 15.5% from 2023 to 2032 [8]