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Stock impact report

3 Top EV Stocks to Buy in November [Yahoo! Finance]

Li Auto Inc. - American Depositary Shares (LI) 
Company Research Source: Yahoo! Finance
But in 2022 and 2023, many of those stocks withered as their growth cooled off and rising rates popped their bubbly valuations. The soft Chinese economy and an EV pricing war exacerbated that pressure. But with interest rates set to decline, some of those beaten-down EV stocks are starting to look like undervalued growth plays. Let's examine three of those stocks -- Nio (NYSE: NIO) Li Auto (NASDAQ: LI) , and Joby Aviation (NYSE: JOBY) -- and see why they're worth nibbling on in November. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Nio is a Chinese EV maker that produces electric sedans and SUVs. It differentiates itself from its competitors with batteries that can be quickly swapped out at its swapping stations as a faster alternative to traditional chargers. Nio delivered its first vehicles in 2018. From 2019 to 2023, its annual deliveries jumped nearly eightfold from 20,565 to 160,038 vehicles. Its annual revenu Show less Read more
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