Top EV stocks to explore after robust vehicle deliveries

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Top EV stocks to explore after robust vehicle deliveries

 Top EV stocks to explore after robust vehicle deliveries
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Highlights

  • Tesla delivered 936,172 vehicles in 2021.

  • NIO Inc. (NYSE: NIO) delivered 91,429 vehicles.

  • XPeng Inc. (NYSE: XPEV) delivered 98,155 vehicles in 2021.

Electric vehicle companies saw robust sales in 2021, driven by strong demand as the world shifts to a green energy future to tackle global warming.

Encouraged by the favorable market conditions for EVs, newcomers like Rivian and Lucid Motors went public. The Rivian IPO was one of the biggest public offers in 2021.

Here we explore five EV stocks gaining attention from investors.

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Tesla, Inc. (NASDAQ: TSLA)

Tesla is one of the world’s leading EV manufacturers firms based in Austin, Texas.

The stock was priced at US$1133.44 at 7:08 am ET on Jan 3, up 7.25% from its previous close. The TSLA stock rose 60.22% over the last six months.

Its market cap is US$1.06 trillion, the P/E ratio is 342, and the forward P/E one year is 258.00. The EPS is US$3.09. The stock saw the highest price of US$1,243.49 and the lowest price of US$539.49 in the last 52 weeks. Its share volume on Dec 31 was 13,515,240.

In the fourth quarter of 2021, the company produced 305,840 vehicles and delivered 308,600. For the full year of 2021, it manufactured 930,422 automobiles and delivered 936,172 vehicles.

The revenue surged 57% YoY to US$13.75 billion in Q3, FY21, while its GAAP net income rose 389% YoY to US$1.61 billion.

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EV stocks to explore in the first quarter of 2022

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NIO Inc. (NYSE: NIO)


NIO is a Chinese electric vehicle manufacturer based in Shanghai.

Its shares traded at US$32.40 at 7:17 am ET on Jan 3, up 2.27% from their previous close. The stock price decreased by 37.01% over the last six months.

It has a market cap of US$50.38 billion, and a forward P/E one year of -30.05. Its EPS is US$-0.99. The 52-week highest and lowest stock prices were US$66.99 and US$27.52, respectively. Its trading volume was 67,386,450 on Dec 31.

In December 2021, the company delivered 10,489 vehicles, up 49.7% YoY, while in the last quarter of 2021, it delivered 25,034 vehicles. For the full year, its total delivery was 91,429 vehicles, an increase of 109.1% YoY.

The company's total revenue surged 116.6% YoY to US$1.52 billion in Q3, FY21.


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XPeng Inc. (NYSE: XPEV)

Xpeng is a Guangzhou-based electric vehicle manufacturer. It designs, develops, and manufacturers smart EVs.

The stock was priced at US$51.61 at 7:25 am ET on Jan 3, up 2.54% from its previous close. The stock gained 14.26% over the last six months. Its market cap is US$43.10 billion, and the forward P/E one year is -43.60. Its EPS is US$-0.83.

The stock saw the highest price of US$60.04 and the lowest price of US$22.73 in the last 52 weeks. Its share volume on Dec 31 was 9,778,629.

The company's total vehicle delivery jumped 181% YoY to 16,000 units in December 2021, while in its fourth quarter, delivery rose 222% to 41,751 units. In 2021, its total delivery skyrocketed 263% YoY to 98,155 vehicles.

Its total revenue rose 187.4% YoY to US$887.7 million in Q3, FY21.

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Li Auto Inc. (NASDAQ: LI)


Li Auto is China’s new energy passenger vehicle (NEV) manufacturer. It designs, develops, and manufacturers smart electric vehicles.

Its shares traded at US$33.04 at 7:35 am ET on Jan 3, up 2.93% from their previous close. Its stock value declined 4.41% over the last six months.

It has a market cap of US$33.15 billion, and a forward P/E one year of -140.10. Its EPS is US$-0.08. The 52-week highest and the lowest stock prices were US$37.65 and US$15.98, respectively. Its trading volume was 8,043,851 on Dec 31.

In December 2021, the company delivered 14,087 Li ONEs, while in the last quarter of 2021, it delivered 35,221 vehicles. For the full year of 2021, its total delivery was 90,491 vehicles.

The company's revenue soared 209.7% YoY to US$1.21 billion in Q3, FY21.

EV stocks: TSLA, NIO, XPEV, LI, GOEV

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Canoo Inc. (NASDAQ: GOEV)


Canoo is an electric vehicle startup company based in Torrance, California. It aims to start producing and selling vehicles in 2022.

The stock was priced at US$7.96 at 7:48 am ET on Jan 3, up 3.11% from its previous close. The GOEV stock fell 15.35% over the last six months. Its market cap is US$1.84 billion, and the forward P/E one year is -4.01. The EPS is US$-1.00.

The stock saw the highest price of US$20.00 and the lowest price of US$5.75 in the last 52 weeks. Its share volume on Dec 31 was 2,302,962. In 2022, it expects to manufacture 3000 to 6000 units, while in 2023, it expects its production to be between 14,000 and 17,000 units.

The company reported a net loss of US$80.87 million in Q3, FY21.

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Bottomline

Analysts expect the EV sector to grow rapidly in the coming years. The favorable government policies and market conditions will drive growth in the sector.

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