Electric Vehicles – The Next Big Thing

The group is here to stay. Both China and the state of California are passing laws requiring a high percentage of vehicles be electric by 2035. Toss in trucks, scooters, delivery vans and smaller vehicles, which are much more appropriate for densely populated cities, there will be some massive winners, on top of the massive winners we already have.

Here are many of the key players in the space. The text descriptions are from Yahoo Finance. Photo credit is noted. Charts are via LeavittBrothers.com.

Arcimoto, Inc. (FUV) designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fun Utility Vehicle; Rapid Responder for a specialized emergency, security, and law enforcement services; and Deliverator for delivery of goods. (description: Yahoo Finance, photo: Arcimoto)

GreenPower Motor Company Inc. (GP) develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. It offers all-electric transit, school, and charter buses. (description: Yahoo Finance, photo: GreenPower)

Kandi Technologies Group, Inc. (KNDI), through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People’s Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products, as well as electric scooters and electric self-balancing scooters. (description: Yahoo Finance, photo: Kandi)

Li Auto Inc. (LI), through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and cutting-edge smart vehicle solutions. (description: Yahoo Finance, photo: Google)

NIO Limited (NIO) designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. (description: Yahoo Finance, photo: Getty)

Niu Technologies (NIU) designs, manufactures, and sells smart electric-scooters in the People’s Republic of China. The company offers NQi, MQi, UQi, and Gova series e-scooters; RQi and TQi series urban commuter electric motorcycles; and NIU Aero series professional mountain and road bicycles under the NIU brand name. (description: Yahoo Finance, photo: VCG)

Nikola Corporation (NKLA) operates as an integrated zero emissions transportation systems provider. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The company also develops electric vehicle solutions for military and outdoor recreational applications. (description: Yahoo Finance, photo: Nikola)

Electrameccanica Vehicles Corp., (SOLO) a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Super SOLO, a sports car model; and Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. (description: Yahoo Finance, photo: Wikimedia Commons)

Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles. It also provides electric powertrain components and systems; and services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians, as well as sells used vehicles. This segment markets and sells its products through a network of company-owned stores and galleries, as well as through its own Website. The Energy Generation and Storage segment offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, industrial, commercial facilities, and utility grids; and designs, manufactures, installs, maintains, leases, and sells solar energy generation and energy storage products to residential and commercial customers. It also provides vehicle insurance services, as well as renewable energy. (description: Yahoo Finance, photo: Getty)

Workhorse Group Inc. (WKHS) designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. (description: Yahoo Finance, photo: WorkHorse)

XPeng Inc. (XPEV) designs, develops, manufactures, and markets Smart electric vehicles (EVs) in China. It offers the G3 SUV and a four-door sports sedan the P7, as well as autonomous driving software system.

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