China's Ministry of Industry and Information Technology recently approved a list of nine domestic automakers who will begin testing their autonomous vehicles (AVs) on specific Chinese roads, marking a significant milestone in the evolution of transportation. China's regulatory body has cleared nine automakers, including major players like BYD Co Ltd. (BYDDY) and NIO Inc. (NIO) , to test their autonomous driving technology. This initiative is groundbreaking, as it's the first time Chinese authorities have pe ...

Urban transportation is arriving at an inflection point in its history. The high proliferation of lithium-ion batteries, coupled with their increasing sophistication, has ushered in an age for electric vehicles (EVs). The popularity of Tesla (NASDAQ:TSLA), albeit slow at first, helped to ultimately pave the road for other successful EV companies, on the one hand and gave potential car consumers the confidence to choose an electric vehicle over a conventional combustion engine one, on the other hand. However ...

In the world of EV stocks, Tesla (NASDAQ:TSLA) stock remains king. The U.S. EV maker continues to demand the highest valuation of its peers and is among the most noted and respected brands in the space. However, a series of macro and company-specific issues have hit this stock over the past year. Demand for EVs has waned, as consumers appear to be nearing their limits in terms of the amount they can borrow, given where interest rates are. This has led to sector-wide price cuts, with Tesla leading the way. M ...

In pursuing robust market gains, investors usually turn to high-risk growth stocks. These stocks have underlying businesses that continue to grow their top lines at a rapid clip, presenting enticing opportunities for upside potential, especially during a bullish market. With the stock market buoyed by healthy gains and prospects of upcoming rate cuts, the timing is ideal for wagering on high-risk growth stocks. Many of these companies boast a healthy track record of growth across both lines. Moreover, they ...

Thomas Barwick/DigitalVision via Getty Images If one had to point out the main rival of Tesla one would almost certainly end up with BYD (OTCPK:BYDDF) (OTCPK:BYDDY), the Chinese battery and EV producer who for a brief period produced even more EVs than Tesla, and could very well overtake them again soon. We discussed BYD more fundamentally here in early April and came away very impressed (and we're not the only ones) as they have managed to gain ground rapidly on its main international rival Tesla (TSLA), w ...

Chinese EV stocks to buy have taken the market by storm, with BYD (OTCMKTS:BYDDF) leading the charge as a clear frontrunner. Not only have they dominated the domestic market, but they continue to spread their tentacles across the globe. Chinese EV exports shot up by 77% in 2023, reaching 1.2 million cars. Moreover, BYD knocked EV pioneer Tesla (NASDAQ:TSLA) off its perch to become the largest seller of battery EVs during the fourth-quarter (Q4) of 2023. However, with the Biden Administration's sweeping tari ...

"As leaders in the auto dealership industry, Grupo Fame understands the impact EVs are making in the market and we plan to continue to provide EV charging solutions to meet driver needs, taking part in this growing segment of automotive sales," said Angel Solis, Manager of Grupo Fame. "We're happy to have found a trusted vendor that can provide state-of-the-art chargers with native GBT plugs for use in our dealerships. We are proud to be a pioneer in the region, embracing EV adoption by empowering our deale ...

Should Ford Be Afraid of New BYD Pickup? TennesseePhotographer / iStock Editorial via Getty Images 24/7 Insights Ford Motor Co. (NYSE: F) depends on sales of the bestselling F-Series pickups. Chinese EV maker BYD is set to launch a plug-in hybrid pickup in North America. There may be a collision coming. Ford Motor Co. (NYSE: F) sold 217,511 of its F-Series pickups in the first four months of 2024. That mostly includes the F-150, which has been the best-selling vehicle in the United States for four decades. ...

Li Auto (NASDAQ:LI) is a leading Chinese automotive player focusing on high-end smart electric and hybrid vehicles. It is one of the fastest-growing EV companies worldwide, with deliveries increasing by over 1,000% from 2020 to 376,030 units last year. What separates Li from its competition is its superior execution and solid financial position. As per its latest earnings print, the company had a colossal cash buffer of $14.6 billion, considering it had just $512 million in cash back in 2019. This emphatic ...

The stock market is currently under pressure, as the U.S. economic report last week indicated a significant slowdown in growth and persistent inflation issues. Amidst this downturn, savvy investors are looking for EV stocks to buy.The U.S. GDP grew by only 1.6% in the first quarter, below the anticipated 2.4% growth rate, as reported by the Bureau of Economic Analysis. Moreover, the personal consumption expenditures price index rose to 3.4%, up from 1.8% in the previous quarter, signaling ongoing inflationa ...