Tesla vs. Geely: Which Electrical Automobile Producer is a Higher Purchase?

© Reuters. Tesla vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy?

The electric vehicle industry is growing rapidly and, as such, is attracting access from established manufacturers such as China-based Geely (GELYY). But these new entrants in general, and Geely in particular, could jeopardize Tesla's (TSLA) leadership position? Continue reading. One of the hottest industries to invest in right now is electric vehicles. As the globe nears clean energy generation and consumption, EV companies are poised to grow faster.

While 2020 was a breakthrough year for EV stocks, several EV companies have underperformed the market this year, allowing investors to buy growth stocks at more attractive valuations.

Here we compare two popular EV stocks. One is the market leader, Tesla (NASDAQ :), and the other is Geely (GELYY), a company based in the country with the world's largest market for electric vehicles – China.

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