![]() ![]() Given the excitement surrounding XPeng, will you consider adding XPEV stock to your watchlist? Source: TD Ameritrade TOS Specifically, its P7 deliveries continue to show record-breaking growth in June, reflecting its popularity among China’s tech-savvy consumers. Secondly, it reported that it has delivered a total of 30,738 vehicles year-to-date, representing a 459% increase compared to a year earlier. Firstly, it reported a record month with 6,565 vehicles delivered in June, a 617% increase year-over-year. Today, the company also announced its vehicle deliveries for June and its second quarter of 2021. XPEV stock currently trades at $43.66 as of Thursday’s closing bell and has more than doubled in valuation in the last year. It also develops core vehicle systems for powertrains and other electrification architecture. The company develops in-house its full-stack autonomous driving technology and in-car intelligent operating system. XPeng is a leading smart electric vehicle company that develops, manufactures, and markets EVs to middle-class consumers in China. Top Gaming Stocks To Buy Now? 4 Names To Watch.4 Top EV Charging Stocks To Watch This Week.For these reasons, would you say NIO stock is a top electric car stock to watch? Source: TD Ameritrade TOS In addition, JAC will expand its annual production capacity to 240,000 units to meet the growing demand for the company’s vehicles. Given how the company continues to expand its manufacturing capabilities, should investors be paying more attention to Nio? In May, the company also announced that it has entered into a manufacturing agreement with Jianghuai Automobile Group (JAC). Also, Nio delivered 21,896 vehicles during the quarter, increasing by 111.9% from a year earlier. Its cumulative deliveries of its ES8, ES6, and EC6 as of June 30, 2021, reached 117,597. In detail, the company delivered 8,083 vehicles in June 2021, up by 116.1% year-over-year. Impressively, it continues to achieve record-high monthly and quarterly deliveries. Today, the company provided a June and second-quarter 2021 delivery update. NIO stock closed Thursday’s trading session at $50.90 and has been up by over 500% in the last year. It is also the brains behind innovative technologies like its Battery-as-a-Service technology. ![]() Its products are filled with next-generation technologies in connectivity, autonomous driving, and artificial intelligence. The company has essentially been at the forefront of the EV market in the last year. Nio is a pioneer in China’s premium EV market. With all that said, here are four hot electric car stocks worth noting in the stock market today. This would serve to further incentivize the adoption of EVs as a more sustainable means of travel. Not to mention, there are also plans to significantly boost government spending on EV infrastructure in the U.S. Namely, shares of Electric Last Mile Solutions ( NASDAQ: ELMS), a manufacturer of commercial electric vans, gained by over 12% yesterday. Thus, investing in classic EV names such as Tesla ( NASDAQ: TSLA) is not the only game in town. Just this week, Honda announced plans to start developing its own EVs in 2024 while Volvo unveiled a new concept EV. With the current demand for EVs in a strong consumer market, I could see EV stocks taking center stage.Īt the same time, even traditional automobile manufacturers are pivoting towards the EV market as well. Moving forward, the firm believes that this figure could rise to 30 million by 2028. However, when you compare this to 2019 levels, we are looking at a jump of 39%. According to research firm Canalys, EVs accounted for almost 5% of all new car sales in 2020, totaling 3.1 million units. After all, most would argue that the EV industry is still in its early growth stage now. Over the past year, investors have and continue to eye this section of the stock market closely. With the economy on the rise and consumers eager to spend, electric vehicle (EV) stocks could be worth watching now. Check Out These 4 Top Electric Car Stocks In The Stock Market This Month ![]()
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