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      Top 12 Trending Stocks In Auto Manufacturers Industry To Invest In - Stocks Telegraph

      By Hasnain R

      Published on

      September 21, 2020

      11:12 AM UTC

      Last Updated on

      October 22, 2021

      6:45 AM UTC

      Top 12 Trending Stocks In Auto Manufacturers Industry To Invest In - Stocks Telegraph

      The global auto manufacturing industry is entering into a new decade in which we anticipate a series of challenges and unexpected events. The manufacturing industry is moving with fast speed to keep pace with fast-moving technologies and innovations. The automotive industry is facing dramatic changes with the emergence of new technologies.

      The auto manufacturing sector needs to adjust its strategic priorities to gain a competitive edge.  2020 is the year of opportunities and challenges for the auto sector. The new technological advancement brings more opportunities for the industry. Consumer behavior is also changing with rapid technological innovation.

      Let’s take a quick look at the leading companies in the auto manufactures industry and see how the companies are following new trends:

      NIO Limited (NYSE: NIO)

      NIO Limited (NYSE: NIO) stock soar by 0.57% to $19.41. The most recent rating by Deutsche Bank, on September 08, 2020, is at a Buy. NIO Limited (NIO) has announced it has selected GM to be its manufacturing partner for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. NIO Limited market capitalization remained high, hitting $26.29 billion.

      Workhorse Group Inc. (NASDAQ: WKHS)

      Workhorse Group Inc. (NASDAQ: WKHS) Shares headed rising, higher as much as 9.17%. The most recent rating by Oppenheimer, on September 03, 2020, is at an Outperform. Workhorse Group Inc. (WKHS) has earlier participated in the 9th Annual Gateway Conference on September 9th and 10th, 2020. Looking at its liquidity, it has a current ratio of 0.30. This company market capitalization has remained high, hitting $2.95 billion at the time of writing.

      General Motors Company (NYSE: GM)

      General Motors Company (NYSE: GM) last closed at $31.50, in a 52-week range of $14.32 to $38.96. It has moved up to 119.90% and moved down -19.14%. Analysts have a consensus price target of $40.38. General Motors Company (GM) has faced unexpected bills as India-China tensions delay the sale of India plant -sources. This company market capitalization has remained high, hitting $45.68 billion.

      Li Auto Inc. (NASDAQ: LI)

      Li Auto Inc. (NASDAQ: LI) stock drop by -1.33% to $17.03. The most recent rating by Morgan Stanley, on August 24, 2020, is at an Overweight. Li Auto Inc. (LI) has named Mr. Kai Wang as chief technology officer effective September 15, 2020. Mr. Wang will responsible for providing overall leadership in advanced technology research and development in intelligent vehicles, including electronic and electrical architecture, intelligent cockpit, autonomous driving, etc.

      Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

      Fiat Chrysler Automobiles N.V. (NYSE: FCAU) Shares headed falling, lower as much as -3.46%. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform. Fiat Chrysler Automobiles N.V. (FCAU) has revealed that it has revised the merger deal with French partner PSA. After the deal revision,  FCA’s shareholders getting a smaller cash payout but a stake in another business.

      Electra Meccanica Vehicles Corp. (NASDAQ: SOLO)

      Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) last closed at $2.58, in a 52-week range of $0.89 to $6.00. Electra Meccanica Vehicles Corp. (SOLO) has revealed that it has decided to produce an alternative ‘utility and fleet’ version of its flagship SOLO EV, which is expected to become available in early 2021. This company market capitalization has remained high, hitting $166.69 million.

      Nikola Corporation (NASDAQ: NKLA)

      Nikola Corporation (NASDAQ: NKLA) rose 1.06% after gaining more than $0.36 on Friday. Nikola Corporation (NKLA) revealed that Trevor Milton approached the Board of Directors and proposed to leave his position as an Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice Chairman of General Motors Co. and a member of Nikola’s Board, has been named Chairman of the Board, effective immediately.

      Kandi Technologies Group Inc. (KNDI)

      Kandi Technologies Group Inc. (KNDI) stock drop by 0.00% to $6.14. Kandi Technologies Group Inc. (KNDI) revealed the establishment of a wholly-owned subsidiary for its battery swapping services, China Battery Exchange Technology Co., Ltd. Using this China Battery Exchange Technology Company, Kandi can better monetize its dozens of patents in the field of battery swap systems. This company market capitalization has remained high, hitting $335.18 million at the time of writing.

      Tesla Inc. (NASDAQ: TSLA)

      Tesla Inc. (NASDAQ: TSLA) shares were trading up 4.42% at $442.15 at the time of writing on Friday. Tesla Inc. (NASDAQ: TSLA) share price went from a low point around $43.67 to briefly over $502.49 in the past 52 weeks, though shares have since pulled back to $442.15. TSLA market cap has remained high, hitting $394.56B at the time of writing, giving it a price-to-sales ratio of more than 10.

      If we look at the recent analyst rating TSLA, Piper Sandler reiterated coverage on TSLA shares with an Overweight rating and a $307.06 price target, which implies room for -135.09% downside momentum this year.

      Ford Motor Company (NYSE: F)

      Ford Motor Company (NYSE: F) last closed at $7.23, in a 52-week range of $3.96 to $9.60. It has moved up 82.58% from its 52-weeks low and moved down -24.69% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.30. This company market capitalization remained high, hitting $28.45 billion at the time of writing. Analysts have a consensus price target of $7.66.

      XPeng Inc. (NYSE: XPEV)

      XPeng Inc. (NYSE: XPEV) fall -1.77% after losing more than -$0.34 on Friday. XPeng Inc. (XPEV) share price went from a low point around $17.37 to briefly over $25.00 in the past 52 weeks, though shares have since pulled back to $18.90.  It has moved up 8.81% from its 52-weeks low and moved down -24.40% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.10. XPeng Inc.’s market cap has remained high, hitting $14.14 billion at the time of writing.

      Tata Motors Limited (NYSE: TTM)

      Tata Motors Limited (NYSE: TTM) Shares headed falling, lower as much as -1.20%. The most recent rating by UBS, on August 17, 2020, is at a Sell. In the past 52-weeks of trading, Tata Motors Limited (TTM) stock has fluctuated between the low of $3.92 and a high of $14.03. It has moved up 152.04% from its 52-weeks low and moved down -29.58% from its 52-weeks high. This company market capitalization has remained high, hitting $7.11 billion at the time of writing.

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