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Today we’re kicking off a new spotlight on another very popular segment in the EV space – stocks. Over the past couple years, we’ve seen EV automakers financial bolstered or inhibited by IPOs, SPAC Mergers, or updates to their EV plans. Below, you can see how some of the companies building EVs compare side by side on Wall Street and how far they have come – or fallen – in the past year.

Table of contents

Comparing three different groups of EV stocks

Below you will find three separate tables, each unique in its own way, but each part of one cohesive set of data – how companies that are building some degree of EVs are doing stock-wise over the last month, how each compares to its competitors, and how each company’s numbers compare to its status a year ago.

The first chart is a global stock comparison, including legacy and EV automakers around the globe. We have included their highest stock price in their primary market, regardless if it’s in the United States or not. For instance, companies like Volkswagen Group and BMW are primarily sold on the XETRA German Electronic Exchange, Volvo Cars is on the market in Sweden, etc.

The second chart includes EV stocks sold in the US market. You may see some of the same automakers, but they may have different tickers, as they pertain to one of the United States’ several local exchanges.

Last but not least, we couldn’t provide EV stock numbers without delivering a table dedicated specifically to EV automakers, right? The third table consists of automakers that manufacturer EVs only – no legacy automakers that are starting to dabble in electrification here. In this table, you’ll see some startups that have gone public in recent years and how they’ve fared so far. Spoiler alert – not great.

Keep in mind, not one granule of this post is financial advice. It is simply stock data relevant at the time of this posting, compiled into one place for you to peruse, compare, and draw your own conclusions. With that, let’s start with the top ten EV stocks around the globe in October.

Global stock comparisons

EV Automaker Current Value
(10/28/2022)
Last Month’s Value
(9/28/2022)
Monthly Change YOY Change
(10/28/2021)
1 Tesla ($TSLA) $225.09 $287.76 -$67.44 -$138.69
2 Toyota ($TM) $138.52 $136.91 +$1.61 -$37.96
3 Volkswagen Group ($VOW3.DE) $126.68 $137.90 -$11.22 -$68.10
4 Porsche ($P911.DE) $100.45 $82.50 +$17.95* –––––
5 BMW ($BMW.DE) $79.44 $71.58 +$7.86 -$7.90
6 Mercedes-Benz ($MBG.DE) $58.27 $54.44 +$3.83 -$25.58
7 Volvo Cars ($VOLCAR.B-ST) $45.14 $51.36 -$6.22 -$20.06
8 BYD ($BYDDY) $42.91 $53.80 -$10.89 -$31.94
9 GM ($GM) $38.53 $35.24 +$3.29 -$15.71
10 Rivian ($RIVN) $34.76 $35.06 -$0.30 -$95.19**
* – Compared to 9/30/22 IPO / ** – Compared to 11/8/21 IPO

It should come as no surprise that American automaker Tesla is number one in EV stock. Despite a pretty big fall compared to October 2021, the EV company is still nearly double the value of its second place competitor Toyota, which it dethroned as the world’s most valuable automaker years ago.

We feel a bit generous including Toyota in this list of EV stocks, because it’s just starting to dip a pinky toe into the BEV pool with its bZ4X, which will see boosted production following a massive recall pertaining to the EV’s wheels literally falling off. A steady outlook for BEV production could be a reason for Toyota being in the green compared to a month ago. Still, it remains down overall YOY.

Following its IPO split from parent Volkswagen Group on September 30, Porsche showed the biggest gains in October by a lot, jumping nearly $18 in value. We will keep eyes on this going forward to better gauge its early valuation and see how it pans out over time.

Porsche valuation

EV stock comparisons in the US markets

EV Automaker Current Value
(10/28/2022)
Last Month’s Value
(9/28/2022)
Monthly Change YOY Change
(10/28/2021)
1 Tesla ($TSLA) $225.09 $287.76 -$67.44 -$138.69
2 Toyota ($TM) $138.52 $136.91 +$1.61 -$37.96
3 BYD ($BYDDY) $42.91 $53.80 -$10.89 -$31.94
4 GM ($GM) $38.53 $35.24 +$3.29 -$15.71
5 Rivian ($RIVN) $34.76 $35.06 -$0.30 -$95.19**
6 Hyundai ($HYMTF) $27.72 $31.15 -$3.43 -$13.95
7 BMW ($BMWYY) $26.40 $23.56 -$0.07 -$15.40
8 Volvo Cars ($VLVLY) $16.47 $14.27 +$2.20 -$7.14
9 Mercedes-Benz ($MBGYY) $14.52 $13.35 +$1.17 -$9.91
10 Lucid Group ($LCID) $14.10 $15.21 -$1.11 -$21.38
** – Compared to 11/8/21 IPO

Moving our sights to US-specific markets, Tesla is again your top dog (get used to it). Toyota again grabs silver, but Build Your Dreams (BYD) is holding in third place for October, despite a near $11 loss in valuation compared to a month ago. Still, it has bested American automaker GM.

What may be most impressive about BYD’s success in the US market so far is that the company does not sell passenger EVs in the country – only commercial vehicles like buses and heavy-duty trucks. Household names round out the rest of the US list and include two nascent EV automakers in Rivian and Lucid Group. More on them below.

EV stocks

How the stocks of EV-specific companies stack up

EV Automaker Current Value
(10/28/2022)
Last Month’s Value
(9/28/2022)
Monthly Change YOY Position
(10/28/2021)
1 Tesla ($TSLA) $225.09 $287.76 -$67.44 -$138.69
2 BYD ($BYDDY) $42.91 $53.80 -$10.89 -$31.94
3 Rivian ($RIVN) $34.81 $35.06 -$0.30 -$95.19**
4 Lucid Group ($LCID) $14.10 $15.21 -$1.11 -$21.38
5 NIO ($NIO) $9.47 $17.31 -$7.84 -$31.32
6 Fisker Inc. ($FSR) $7.84 $8.10 -$0.26 -$7.94
7 XPeng Inc. ($XPEV) $6.64 $13.32 -$6.68 -$39.60
8 Polestar ($PSNY) $4.17 $5.50 -$1.33 -$6.54
9 Nikola Corp. ($NKLA) $3.06 $3.94 -$0.88 -$8.37
10 Lordstown Motors ($RIDE) $1.70 $1.99 -$0.29 -$3.46
11 Canoo ($GOEV) $1.38 $2.12 -$0.74 -$6.60
12 Arrival ($ARVL) $0.77 $0.84 -$0.07 -$15.40
13 Mullen Automotive Inc. ($MULN) $0.48 $0.36 +$0.12 -$7.94
** – Compared to 11/8/21 IPO

If you’re here reading on Electrek, you may agree that this last list is the most exciting and probably most volatile head to toe. These 13 companies make up a lot of the EV stock being sold around the world. More importantly, they showcase just how drastic valuations can be between established scaled automakers and EV startups.

Tesla is once again the group leader (surprise surprise), followed by BYD, who continues to expand its footprint outside of China and into new markets, particularly in Europe right now.

The next two on the list are names you’d expect – Rivian and Lucid. Both are relatively young in the stock world but show minimal drops this month despite growing pains in scaling their respective EV production lines. YOY comparisons have not been kind to either young automaker, especially Rivian, which is down nearly $100 per share following its massive IPO in November of 2021.

Other Chinese EV automakers with US stock market presence join BYD on the list, including NIO and XPeng. Like BYD, neither sell passengers EVs in the country yet. Companies 10 through 13 are the current bottom feeders – EV startups that have yet to deliver an EV, and their valuation shows it.

Each of these companies has its own unique potential in a booming market, but each has faced its own setbacks in reaching scaled production. Whether their hurdles have been financial, infrastructural, or even controversial, these startups continue to fight on.

Of all of the companies on these EV stock lists, these may be most exciting to watch succeed and grow their valuation – if they can. Time will tell.

That’s all for now, check back with Electrek next month for the November report, so we can once again compare how these EV company stack up. Not only against one another, but also against themselves.

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E-quipment highlight: Haulotte E MAX rough terrain electric scissor lifts [video]

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E-quipment highlight: Haulotte E MAX rough terrain electric scissor lifts [video]

The new HS18 E MAX (called “HS5390” E MAX in the US, because we don’t know what meters are) rough terrain electric scissor lift from Haulotte can drive around your job site at full height, and with a full load.

Last week, Haulotte added the new HS5390 E MAX to its line of electric rough-terrain scissor lifts, completing the company’s existing HSE (HS electric) range of scissor lifts. The HS18, though, is unique – and not just because of its 18 meter fully extended height. The HS18 E MAX can be driven both fully extended, and fully loaded.

Two configurations of its material handling racks are available for the HSE scissors. The racks are built to suit the materials being transported, generally expected to be “panels” (think drywall, windows, etc.) or pipes.

Haulotte material handling rack

With a load capacity of 400 kg (over 880 lbs.), Haulotte says its new HS5390 E MAX is ideal for jobs that require the transport of heavy loads across unfinished surfaces, using a series of optional attachments to offer a productive and safe solution to keeps materials organized and off the ground, minimizes the risk of trip and fall accidents.

Haulotte says its PULSEO-powered scissor lifts (“PULSEO” is Haulotte’s electric drive brand name) revolutionize the aerial industry by offering the performance of an internal combustion diesel machine in a more environmentally friendly package that can be used across the job site and in indoor or urban settings where loud, polluting diesels aren’t an option.

Electrek’s Take

HS5390 E PRO; via Haulotte.

This is a great example of a second-generation product doubling down on electrification and delivering significant improvements on its products without focusing on things like increased runtime (that’s the equivalent of “range anxiety” in the automotive world).

By stepping back and saying, “these things are already getting the job done time-wise, how can we make them do more in the time they already have?” Companies like Haulotte and JCB have made it infinitely easier for construction crews to put the HSE scissor lifts to work.

SOURCE | IMAGES: Haulotte, via Heavy Equipment Guide.

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Mazda EZ-6 EV goes on sale with a starting price under $25,000

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Mazda EZ-6 EV goes on sale with a starting price under ,000

Mazda officially opened the order books on its new Mazda EZ-6 EV and EREV versions of the car in China yesterday. And the starting price? It’s under $25,000.

Co-developed by Mazda and Chinese state-owned Changan Auto, the EZ-6 was one of two new electric offerings that debuted back in April. The other was a CX-5/0-sized crossover called the Arata, but the EZ-6 seemed closer to production, with a promised on-sale date later this year.

Well, Mazda lived up to its promise. The all-new Mazda EZ-6 is officially available for pre-order in China. And, while our sources (Chinese car blogs Autohome and CarNewsChina) are a bit fuzzy on the actual price, the translation seems to indicate a starting price of just 160,000 yuan (a tick over $22,800, as I type this).

One thing that’s less fuzzy, however, is that there are four extended range EV, or “EREV” versions of the car (read: hybrid) along with three fully electric BEV versions available for order at the pre-sales launch.

Value for money

Despite the low price, the base version of the newest Mazda get leather seating surfaces, and higher trim versions splice leather and suede (Alcantara?) together. There’s a 14-speaker Sony audio system available, too, along with 64-color ambient lighting, “zero-gravity” front seats, which means that the seats can recline to a near-flat position, and a panoramic glass roof.

The BEV model is reported to be equipped with a single electric drive motor putting out 190 kW of power (approx. 254 hp), and can be had with either a 56.1 or 68.8 kWh battery pack, good for a CLTC range of 480 km or 600 km (about 370 miles), respectively. Top speed of either model is an electronically-limited 170 km/h (105 mph).

The “EREV” model (man, do I hate that acronym) is equipped with a 93 hp 1.5L range extending ICE generator paired to a 160 kW (215 hp) electric motor and feeding electrons to a lithium iron phosphate battery. Battery range is about 80 miles, with a “maximum comprehensive range” quoted as 1301 km (approx. 808 miles).

Electrek’s Take

Mazda-first-EV-sedan
Mazda EZ-6 electric sedan; via Mazda.

Mazda’s CEO, Masahiro Moro is working with Changan to, “turn Mazda’s China business around.” The EZ-6 is part of that plan, and is being called Mazda’s first “global” sedan. Despite that, it seems unlikely that the EZ-6 will ever make it to the US.

And that’s too bad. Our roads could use a little electrified Zoom-zoom.

SOURCES | IMAGES: Mazda, via Autohome and CarNewsChina.

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Bidirectional charging may be required on EVs soon due to new CA law

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Bidirectional charging may be required on EVs soon due to new CA law

It’s an exciting week for grid resiliency-lovers in California, as Governor Gavin Newsom followed up his earlier smart grid law and signed another law this week which may require bidirectional charging on EVs in the future – though the law has no hard timeline attached, so it may be a while before we see this happen.

Bidirectional charging refers to the capability of electric vehicles to not just take electricity from the grid to charge, but to output electricity in various forms, whether this be vehicle-to-load (plugging in devices, like the 1.8kW capability on the Kia Niro EV), vehicle-to-home (like Ford’s “Intelligent Backup Power” system), or vehicle-to-grid (like the Nissan Leaf is capable of).

While these applications may seem like a party trick, widespread use of bidirectional charging could lead to huge benefits for efficiency, grid resiliency, and enable much greater penetration of renewable electricity generation.

Most electric grids don’t really have trouble meeting the regular everyday needs of electricity consumers, it’s when big spikes happen that things get difficult. Either on a hot day when everyone is using air conditioning, or a day when electricity generation is curtailed for some reason or another, that’s when things get difficult.

And as climate change makes temperatures hotter, California’s grid is often overtaxed on the hottest summer days, which are becoming more numerous. Even worse, methane-burning fossil gas peaker plants are the highest-polluting form of electricity California consumes, and these are currently used at peak times in order to deal with high demand.

One solution to this problem is adding energy storage to the grid which can be dispatched when needed, and which can fill up when the grid is oversupplying electricity. This helps to balance out supply and demand of electricity and make everything a little more predictable.

This is why there has been a push for grid-based storage like Tesla megapacks, which represent a large source of rapidly-dispatchable energy storage.

But there’s another source of grid-connected batteries out there which was right under our nose the whole time: electric cars.

EVs, which are mostly connected to the internet anyway, could be used as a distributed energy storage device, and even called upon to help provide electricity when the grid needs it. We already see this happening with Virtual Power Plants based on stationary storage, but if cars had V2G, theoretically cars could contribute in a similar way – both saving the grid, and perhaps making their owners some money along the way via arbitrage (buying electricity when its cheap and selling it when its expensive).

The problem is, not many automakers have included V2G capabilities in their cars, and in the cars that do have it, not many manufacturers have made V2G-capable equipment, and the ones who have built it haven’t seen that many customers who are interested in spending the extra money to upgrade their electrical systems with V2G-capable equipment.

So there needs to be something to jumpstart all of that, and California thinks it might just have the thing.

New CA law might require bidirectional charging… eventually.

The idea started in 2023 when state Senator Nancy Skinner introduced a bill which would require EVs to have bidirectional charging by 2027.

As this bill made its way through the legislative process, it got watered down from that ambitious timeline. So the current form of the bill, which is now called SB 59, took away that timeline and instead gave the California Energy Commission (CEC) the go-ahead to issue a requirement whenever they see it fit.

The bill directs the CEC, the California Air Resources Board, and the California Public Utilities Commission to examine the use cases of bidirectional charging and give them the power to require specific weight classes of EVs to be bidirectional-capable if a compelling use case exists.

The state already estimates that integrating EVs into the grid could save $1 billion in costs annually, so there’s definitely a use case there, but the question is the cost and immediacy of building those vehicles into the grid.

The reason this can’t be done immediately is that cars take time to design, and while adding bidirectional charging to an EV isn’t the most difficult process, it also only really becomes useful with a whole ecosystem of services around the vehicle.

A recent chat Electrek had with DCBEL, making bidirectional chargers simpler for consumers

Even Tesla, which for years has touted itself a tech/energy company and sold powerwalls, inverters, solar panels and so on, is still only gradually trickling its bidirectional Powershare feature out onto its vehicles.

And that ecosystem has been a bit of a hard sell so far. It’s all well and good to tell someone they can make $500/year by selling energy to the grid, but then you have to convince them to buy a more expensive charging unit and keep their car plugged in all the time, with someone else managing its energy storage. Some consumers might push back against that, so part of CEC’s job is to wait to pull the trigger until it becomes apparent that people are actually interested in the end-user use case for V2G – otherwise, no sense in requiring a feature that nobody is going to use.

Electrek’s Take

Given all of these influences, we wouldn’t expect CA to require bidirectional charging any time soon. But it still gives the state a powerful trigger to pull if other efforts, like the recently-signed smart grid law, turn out not to be enough as California works to, grow, clean up, and make its grid more affordable all at the same time.

But having the force of law behind it could turn V2G into less of a parlor trick and more into something that actually makes a difference the way us EV nerds have been dreaming of for decades now (true story: Electrek once turned down Margot Robbie for an interview and instead talked to some engineers about V2G for an hour).

So, telling manufacturers that California may start mandating bidirectional charging soon means that those manufacturers will perhaps start taking V2G more seriously, particularly given the size and influence of CA’s car market. Even if the CEC doesn’t make it a requirement, the threat of it eventually becoming one means that EV-makers will probably start getting ready for it regardless.

There’s no real point to a single person discharging their car into the grid, but when millions of cars are involved, you could work to flatten out the famous “duck curve,” which describes the imbalance between electricity supply and demand. We hear a lot about “intermittency” as the problem with wind and solar, and grid storage as the solution to that, so being able to immediately switch on gigawatt-hours worth of installed storage capacity would certainly help to solve that problem. And we hope this law helps us get just a little closer to that potential future.


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