Electric Vehicle STOCK PRICES AND NEWS


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Other electric vehicle companies price moves

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SPECIAL YEARLY FORECAST

The three best electric vehicle stocks for 2022

The electric vehicle (EV) space has certainly been one of the best performing sectors of the year. Will this trend continue into 2022? Public perception and adoption of electric vehicles appears to have reached a precipice with a number of catalysts. Check out our top stocks for this year.



Best EV battery stocks to invest in

Romeo Power (RMO)

RMO is a US based battery company based in California. It focuses on lithium ion batters for electric vehicles. The company was founded in 2014 and has its headquarters in Vernon, California. The last set of results on March 2 showed revenue growing from over 300% but the company guided forecasts lower than analysts had been expecting. Romeo has a long term supply agreement with truck maker PACCAR (PCAR). Romeo announced in February 2022 that it extended a contract with a major customer by 3 years with a minimum extension value of $17 m.

Panasonic (PCRFY)

Panasonic is one of Japan's largest comapnies and a major supplier of EV abtteris to Tesla (TSLA). Panasonic is one of the largest EV battery makers in the world. Panasonic also has a joint venture with Toyota for EV batteries. Panasonic is not an exclusive suppier to Tesla but it did locate its US factory in Nevada, close to Tesla's giga factory. The companies have had a relationship since 2009. The last revenue release for Panasonic showed continued strong grwoth as demand for EV's and EV batteries continues to rise globally.

Microvast (MVST)

Microvast (MVST) is a Texas based company which wa founded in 2006. It went public in 2021 via a SPAC deal with Tuscan Holdings. Microvast makes litium ion battery solutions. It is an early stage comapny in the EV battery space and only released it sfirst results in November 2021. The company focuses more on the commercial sector with a focus on buses, trains trucks etc. Approximately 27% of its shareholders are institutional. Yang Wu is the CEO and Founder of Microvast. Microvast aims to grow its revenue strongly, from $100m in 2020 to $2.3 b by 2025. The company has its European HQ in Berlin Germany and has a manufacturing site there also. In the US Microvast is due to begin battery production at its plant in Tenesse in 2022.

Quantum Scape (QS)

Quantum Scape is also based in California and creates lithium metal batteries. It was founded in 2010 in San Jose. The firm is backed by Volkswagen and went public in 2020 via a SPAC deal. Quantum Scape (QS) is planning to build and sell up to 200,000 batteries annually and is seeking to increase range and speed of charging through its technology. To do this it is spending heavily on capital expenditiure. But the company believes it has sufficient liquidity to cover this. The company recently expanede into Japan when it opened in Kyoto and features a state of the art research facility for battery developemt there. The company expects to spend $325-375 m on capital expenditue in 2022.

BYD Company Limited (BYDDF)

BYD is a Warren Buffet backed Chinese Electric Vehicle manufartureer. But BYD also makes EV batteries. At the end of 2021 Warren Buffet held just over 8% of BYD through Berkshire Hathaway. Investors tend to focus on BYD in comparison with other Chinese EV makers such as NIO and XPeng. But BYD als omakes the batteries it used for its electric cars. It also makes the semiconductors used in its cars. BYD operates in a diverse range not just the EV space. It has operations covering mobile telecommunications, urban rail transit. BYD is based in Shenzhen China nad was founded in 1995.


Who owns the major electric vehicles companies?

Tesla (TSLA)

The founder of Tesla is CEO Elon Musk. He changed his title recently to Technoking of Tesla.

Tesla is owned by its shasreholders. Some of the largest shareholders in Tesla are Vanguard, Capital World, Blackrock and StateStreet.

Rivian (RIVN)

The CEO of Rivian is RJ Scaringe. He founded Rivian as Mainstream Motors before it changed to Rivian in 2011.

Rivian is owned by its shareholders. Some of the biggest shareholders are T Rowe Price, Amazon, Blackrock, Soros Fund Management, Coatue Management.

Lucid Motors (LCID)

Peter Rawlinson is the CEO of Lucid Group. He is a former Tesla engineer.

Lucid is owned by its shareholders. Some of th ebiggest shareholders in Lucid are Publin Investment Fund, Vanguard, BlackrockVenrock. The Public Investment Fund is by far the largest holding approximately 60% of shares in Lucid.

NIO Inc (NIO)

William Li is the CEO of NIO.

NIO's top shareholders are Baille Gifford, Vanguard, Blackrock, StateStreet, Goldman Sachs. The souce for ownership data is Yahoo Finance.

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EUR/USD retreats to 1.0850 area as US Dollar rebounds

EUR/USD retreats to 1.0850 area as US Dollar rebounds

EUR/USD has extended its slide toward 1.0850 in the American session. Profit-taking ahead of the weekend and the negative shift witnessed in risk sentiment seems to be helping the US Dollar gather strength against its rivals, weighing on the pair.

EUR/USD News

GBP/USD trades on the back foot below 1.2400

GBP/USD trades on the back foot below 1.2400

GBP/USD is having a difficult time gathering recovery momentum and trading in negative territory below 1.2400 on Friday. Although the data from the US showed that PCE inflation continued to soften in December, the US Dollar holds its ground heading into the weekend.

GBP/USD News

USD/JPY drops to fresh daily low, around mid-129.00s post-US PCE Price Index

USD/JPY drops to fresh daily low, around mid-129.00s post-US PCE Price Index

The USD/JPY pair remains depressed through the early North American session and drops to a fresh daily low, around mid-129.00s following the release of the US macro data.

USD/JPY News

Gold struggles to hold above $1,930

Gold struggles to hold above $1,930

Gold price has lost its traction and declined below $1,930 during the American trading hours. The benchmark 10-year US Treasury bond yield clings to modest daily gains above 3.5% ahead of the weekend, not allowing XAU/USD to gain traction.

Gold News

WTI grinds higher past $81.00 on softer US Dollar, cautious optimism over future oil demand

WTI grinds higher past $81.00 on softer US Dollar, cautious optimism over future oil demand

WTI crude oil price print mild gains as bulls and bears jostle around $81.30 during the third positive day on Friday morning. The black gold portrays the market’s cautious optimism surrounding the future energy demand, as well as cheers the US Dollar weakness, while waiting for fresh clues.

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