Rivian and Lucid: some alternatives if you want to invest in the world of electric cars, and not paper ones ..
In recent days we have talked about the Rivian bubble, the electric car with 50,000 orders on paper, but which for now does not exist, but whose car manufacturer has the largest capitalization of General Motors. An evident bubble, especially since the stock then collapsed to 112 dollars, after a maximum of 170.
Having said that, are there any alternatives that are less "on paper", but are they not Tesla or the usual company in the auto sector, such as Stellantis or VW, to invest in electric mobility?
Let's see some possible alternatives:
NIO: Nio is a Chinese electric car manufacturer from China, but listed on the NYSE, which capitalizes on approximately $ 65 billion. Nio has sold nearly 150,000 of its electric SUVs in the world's largest auto market, China. Nio is already expanding its business beyond China. The company set up a team in Norway and made its first shipment earlier this year. Then it will expand to Germany. Then, by the end of next year, the company will be established in both the largest global automotive market and in Europe, which is currently the largest and fastest growing electric vehicle market.
Once construction of the new plant is completed this spring, Nio will have the capacity to produce at least 240,000 vehicles per year. Clearly, market demand should support additional manufacturing and Nio wants to have its entire ecosystem established in the places where it operates. This includes charging and battery replacement infrastructure.
AND INVEST IN CHARGING INFRASTRUCTURE? In this case it might be interesting to consider ChargePoint, which builds charging infrastructures, or a manufacturer of commercial electric vehicles and Proterra batteries, listed on the Nasdaq. They are smaller than NIO, but this year they expect sales of around $ 230 million and $ 246 million, respectively. And both will benefit greatly from the new infrastructure spending law recently signed by President Biden, as they build infrastructure…
The bill contains $ 5 billion for zero- and low-emission buses and other transit vehicles that "will replace the fleet of yellow school buses for American children." Another $ 7.5 billion is earmarked for the construction of electric vehicle charging infrastructure in the United States.
ChargePoint is North America's largest charging network company, where most of its nearly 120,000 charging ports are located. It recorded year-over-year revenue growth of 61% in the second quarter and increased its revenue projection for the year by 15%. While the company is also expanding into Europe, its US business is expected to suffer greatly from the influx of federal public resources.
Likewise, Proterra's electric bus business could get a big boost from infrastructure contributions. Revenue in its transit segment has already grown 67% in the third quarter, compared to the previous year period. The city of Miami has ordered $ 37 million in electric buses alone.
So there are alternatives to Rivian or Lucid, and already operational. Obviously these are not tips, but just examples. Then everyone can find their own electric pearl.
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The article Rivian and Lucid: some alternatives if you want to invest in the electric car world, and not in paper .. comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/rivian-e-lucid-qualche-alternativa-se-volete-investire-nel-mondo-auto-elettrica-e-non-di-carta/ on Tue, 23 Nov 2021 16:41:12 +0000.