Ride the Foreign Auto Industry's Bullishness With These 3 Stocks
BYD(BYDDY) ZACKS·2024-11-26 22:55
The Zacks Automotive – Foreign industry is navigating mixed fortunes amid shifting economic conditions and evolving consumer preferences. In China, vehicle sales are surging despite economic headwinds, fueled by robust demand for electric and hybrid models, which now account for over half of total sales. Conversely, Europe’s EV market is grappling with sluggish growth, declining registrations and rising competition from Chinese imports, thus putting pressure on automakers to reassess strategies. Meanwhile, ...