Automobile Industry 02 (Oct 15 - Dec 21)

Re: Automobile Industry 02 (Oct 15 - Dec 21)

Postby winston » Thu Jan 14, 2021 10:04 am

Data: The 5 leading automotive chips suppliers

NXP Semiconductors, Infineon Technologies, Renesas Electronics, Texas Instruments and STMicroelectronics were the top five suppliers of microchips for automotive electronics in 2019, Strategy Analytics reports, with the whole auto chip market slipping slightly by 1.3% to $37.2 billion.

"2019 continued to see global automotive semiconductor demand slowing down with vehicle production flat or down in all of the major regions including China," said Ian Riches of Strategy Analytics.

Source: Smart Brief

https://www.smartbrief.com/s/2020/05/da ... -suppliers
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Re: Automobile Industry 02 (Oct 15 - Dec 21)

Postby winston » Fri Jan 15, 2021 7:29 am

The Four Horsemen of the Auto Industry Apocalypse

by Matt McCall

Disruptive Change #1: The decline of the internal combustion engine.
Disruptive Change #2: The rise of ride sharing services.
Disruptive Change #3: The rise of autonomous vehicles.
Disruptive Change #4: The growing importance of “tech” in cars.



Source: Money Wire
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Re: Automobile Industry 02 (Oct 15 - Dec 21)

Postby winston » Mon Jan 25, 2021 8:17 pm

Technology

Within the automobile industry, electric vehicles are pushing the technology sector higher. Tech stocks have been in limelight last year and I expect EVs to remain a key investment theme for the year.

A key reason is the push for clean energy, which is likely to translate into sustained industry tailwinds. Passenger EV sales have already jumped from 450,000 in 2015 to 1.7 million units in 2020. However, this is just the tip of the iceberg. By 2030, passenger EV sales is expected to increase to 26 million.

I would admit that Tesla (NASDAQ:TSLA) seems expensive at current levels even with the industry tailwinds. However, TSLA stock is worth buying on dips.

Further, there are other interesting names that include Nio (NYSE:NIO), XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI).

Specific to the United States, it’s expected that EV sales can potentially surged by 70% on a year-on-year basis. With President Joe Biden focused on clean energy, EV sales can continue to accelerate in the coming years.

Commercial EV segment stocks are also worth keeping in the radar. CIIG Merger (NASDAQ:CIIC) and Workhorse Group (NASDAQ:WKHS) are likely to be solid performers.

Source: Investor Place
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