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The most effective EV shares to see this week? four To your record

April
26, 2021

6 min read

This story originally appeared on StockMarket

4 Top Electric Vehicle Stocks You Should Buy Right Now

As an investor, you'd always be on the hunt for the next big thing, and electric vehicle (EV) stocks are likely on that list. It's no secret that EV stocks have done relatively well on the stock market over the past year. As companies update and develop the technology that powers their green vehicles, we are likely to see their widespread adoption accelerate. People are open to change as over 80% of potential car buyers today want an electric vehicle.

It's almost impossible to talk about electric vehicles without mentioning their industry leader, Tesla Inc (NASDAQ: TSLA). Last Friday, the company's CEO Elon Musk announced that he would reward every inventor with a $ 100 million prize pool for devising ways to remove carbon dioxide from the atmosphere or the ocean. Musk has built a reputation as an industrialist focused on protecting the environment, making electric car maker Tesla the most valuable vehicle manufacturer in the world. If you had invested in the company's stock a year ago, you would have made over 400% profit today. Tesla reports profits after the market's closing bell today.

Now money is pouring into clean energy from every corner. The energy transition is more of an extremely lucrative opportunity than just a threat to the oil and gas industry. Investments in the energy transition exceeded half a trillion, and this could well be the starting point. Investment in clean energy is projected to reach $ 2.6 trillion this decade, according to BloombergNEF. With that in mind, let's take a look at some of the top EV stocks on the stock market.

EV shares to buy (or avoid) before May 2021

Xpeng Inc.

First, we have a China-based EV company on the list, Xpeng. For those new to the EV scene, it is a company that designs, develops and manufactures intelligent electric vehicles (Smart EV). The aim is to develop an autonomous full-stack driving technology, intelligent operating systems in the car and central vehicle systems. So if you believe that autonomous driving technology will define the future, the XPEV inventory could be the one for you. At the beginning of April, the company announced the results of its vehicle delivery. Xpeng achieved quarterly shipments of 13,340 Smart EVs in the first quarter of 2021, an astonishing 487% year-over-year increase. This shows its robust growth dynamic.

Last week the company exhibited and took pre-orders for its newest production model, the Xpeng P5. This would be the world's first series Smart EV equipped with automotive-grade LiDAR technology. What is LiDAR Technology?

In simple terms, it is a system that uses laser beams to create 3D images of the surveyed environment. This enables immediate mapping of the area. It is also noteworthy that the company set a new record for the longest autonomous driving of production vehicles in China. Given all of these factors, would you add XPEV stocks to your portfolio?

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Nio Inc.

Next up, we have Nio, the pioneers of EV in China. The company designs, produces and sells self-driving electric vehicles. In addition, Nio offers its users innovative charging solutions and other user-oriented service offerings. Such as next generation technologies and artificial intelligence. Earlier this month, Nio gave an update on its vehicle deliveries. With the delivery of 7,257 vehicles in March, the company again set a new monthly record. In addition, the company announced that it had delivered 20,060 vehicles in the first quarter of 2021. This corresponds to a record increase of 423% compared to the previous year.

best stocks for electric vehicles to buy (nio stock)

In addition, the company released its fourth quarter financials last month. Vehicle sales for the quarter were $ 946.2 million, up 44.7% year over year. Total Nio revenue for the quarter was $ 1.01 billion, an increase of 133.2% year over year. The company will announce its first quarter earnings report on April 29th.

During the Shanghai Auto Show last week, Nio announced a new plan to offer more charging and battery swapping services. There is a three-year plan to add battery swap and charging stations in eight provinces in China. In the long run, this would improve the EV user experience and thus add to the already rising popularity. Given these developments, would you agree that NIO shares have a long growth path ahead of them?

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Fisker Inc.

The electric vehicle startup Fisker is expected to ship its first product, the Fisker Ocean SUV, in early 2022. Last Tuesday, Bank of America launched coverage of Fisker with a buy rating and a price target of $ 31. The bank believes that even with strong competition in the electric vehicle space, the company will stand out from the rest. Like many other EV companies, the stock has traded sideways since the start of the year. However, most would believe that the EV boom is not over yet and that this could just be a correction in the long run. The company is not resting on its laurels, however. Fisker plans to build a vehicle like a sedan or an SUV that won't fit into an existing segment.

buy best ev stocks now

Earlier this year, the company announced that it would partner with Apple's (NASDAQ: AAPL) partner Foxconn Technology Group to develop an electric vehicle. The partnership with Foxconn is based on the hope that the collaboration will lead to innovative manufacturing.

Henrik Fisker, founder of the company, said in an interview, "The auto industry is very stale … We are still talking about introducing the Toyota Manufacturing System." This suggests that the company has a vision for something groundbreaking that will take electric vehicles to the next level would. With that in mind, would you consider investing in FSR stocks now?

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Last but not least, with Blink we have a leading owner, operator and provider of chargers and charging services for electric vehicles. The company's main line of products and services is the charging system known as the "Blink Network". Every automotive company out there is plunging into the EV scene, and eventually the charging stations are becoming an indispensable part too. The company's shares are up over 1800% over the past year. Would there still be room for growth? Most likely, I'd say the company is expanding its reach across the country as we speak.

top ev shares to see (BLNK share)

Last Tuesday, Blink announced that it had entered into a resale agreement with ev Transportation Services (evTS), an EV manufacturer focused on essential services and urban mobility markets. The agreement provides that evTS will sell Blink's EV chargers together with the FireFly ESV vehicle for important services. This partnership would create a new all-electric EV roadside assistance vehicle solution.

With the unprecedented acceleration in the adoption of electric vehicles, companies like Blink certainly have an opportunity. Knowing this, will you add BLNK shares to your watchlist?

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