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.
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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.
* – 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.
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.
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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French infrastructure specialists Proviridis have partnered with EVSE manufacturer Kempower to deliver a novel, underground charging solution for electric semi trucks designed to easily integrate into existing truck depots.
By installing its high-powered charging cabinets underground and integrating the charging cables into a solid metal pipe, Kempower and Proviridis have been able to make room for high-powered charging points in an existing truck depot that didn’t have enough space to install either conventional EVSE or overhead “drop lines.”
For the pilot, the metal pipe is painted in a striking yellow color to make it easier to see while maneuvering the lot, and keeping the dispensers themselves more protected than conventional concrete bollards. The 600 kW power cabinet is positioned a few yards away – a typical space-saving Kempower solution – and connected to the charge points by underground cable.
Proviridis believes their solution provides enough of a competitive advantage that fleet buyers looking to electrify will be eager to give it a try.
“The product is durable across a wide spectrum of temperatures and conditions, requires minimal ventilation, and can cater for a wide range of customer needs,” explains Olivier Verdu, Technical Director at Proviridis. “These are features which perfectly place the Kempower solution for this type of charging configuration in a logistics environment.”
In honor of Black Friday and Cyber Monday, eBike specialist Buzz Bicycles is offering an exclusive discount for Electrek readers on its Centris Class 2 Folding Bike.
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Buzz Bicycles is back with an exclusive new deal
Buzz Bicycles has been a mainstay on Electrek for a few years now, as we have covered several of its electric bikes, which suit riders of all skill levels and help them “Buzz through life.” Buzz is an omnichannel eBike brand that prioritizes direct-to-consumerism and has found success in its mission to deliver ultimate transportation solutions at an excellent value for its growing base of eBike enthusiasts.
The company strives to deliver riders a “Wow moment,” which is usually brought on as they feel the pedal assist function kick in. This feature delivers all you need to conquer hills and longer rides while enjoying new adventures with friends.
The Buzz team has utilized decades of industry experience into its portfolio of eBikes, all conceived and designed in Dayton, Ohio. The company, which operates under the United Wheels umbrella alongside brands like Huffy Bicycles, Niner Bikes, and Batch Bicycles, has adopted an ethos that the freedom of riding should be fun and accessible for everyone, no matter what adventure lies ahead.
By leveraging the global presence of its parent company, Buzz Bicycles can make good on its promise to deliver affordable eBikes that are comfortable, powerful, and safe, much like the Centris Folding eBike, which is as versatile and compact as it is fun. The exclusive deal Buzz Bicycles is offering on the Centris makes it even more fun. You can take advantage of it below.
But first, you’ll want to learn about the capabilities of this foldable eBike to truly understand its value, as well as what accessories are available to level up your purchase.
The Buzz Centris is an easy to ride foldable eBike for all
The Buzz Centris is a Class 2 Folding eBike built for comfort and convenience no matter where you take it. At full size, the Centris’ step-through frame offers a low step-over height of just 16 inches, perfect for riders of all sizes, enabling easy transitions from ground to saddle for its riders.
When you’re not riding, the Centris from Buzz Bicycles folds neatly to 34 inches in length and 22 inches in height, making it easy to store at home or to carry in a vehicle on the way to your next ride. Furthermore, the assembled bike only weighs 68 pounds, making it easy to transport.
You can easily navigate tougher terrain on the Centris thanks to the eBike’s 20″ x 4″ knobby tires and front suspension. The bike is powered by a 48V, 500-watt-hour (Wh) battery pack that can propel it to a top speed of 20 mph for an all-electric range of up to 40 miles on a single charge.
Additionally, this folding model from Buzz Bicycles comes equipped with both a front and rear rack, offering versatile cargo-carrying options so you can customize your ride with a variety of Buzz accessories.
Like all Buzz eBikes, the Centris is tested and deemed compliant with the UL2849 standard. This standard covers the entire electric bicycle system, including the motor, battery, controller, and charger, offering the highest safety standards for added peace of mind.
The Centris Class 2 folding bike from Buzz is available in two colors: Gloss White or Matte Black. This $1,199 eBike is currently reduced to $899 – and you can score an additional $200 off with this exclusive promo, but only for a limited time.
With the purchase of any Buzz eBike, including the Centris, you are guaranteed the following:
10-year limited warranty (lightweight aluminum frame protected for full 10 years)
2-year limited warranty (electrical components covered by 2-year warranty for peace of mind)
6-month limited warranty (additional bike components protected by a 6-month warranty)
Are you interested in the Centris from Buzz Bicycles? You’ve come to the right place. Starting today, while supplies last, you can take advantage of an additional $200 off the sale price by using promo code “ELECTREK200.“ That’s a $500 discount in total!
We highly recommend perusing Buzz’s entire lineup of products. They are designed for commuters and casual riders, with technology and features that help you quickly feel comfortable riding. If you are new to the world of E-transportation, Buzz Bicycles is the brand for you.
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With up to 500 km (310 miles) of all-electric range, the new Mercedes eActros 600 electric semi truck was designed for long-haul trucking – and now, it’s officially in production at the company’s Wörth plant in Bavaria.
“The start of series production of our eActros 600 is a further proof of our ambition to transform the industry,” offers Karin Rådström, CEO of Daimler Truck. “With a range of 500 kilometers on a single battery charge, our eActros 600 is addressing the long-haul segment in Europe which is responsible for two-thirds of CO2 emissions from heavy road freight. Our battery-electric long-haul truck will therefore make a real difference.”
In addition to the 600’s additional range, the newest eActros marks another milestone by becoming the first electric Mercedes semi to be manufactured on a single line (the eActros 300/400 and eEconic leave their standard production lines to have their electric drive components installed at Mercedes’ Future Truck Center in Wörth).
“With the start of series production of the eActros 600, we are expanding our Wörth product portfolio with an important vehicle for the future,” says Andreas Bachhofer, Head of the Wörth site and Production at Mercedes-Benz Trucks. “Construction of this first battery-electric truck made in Wörth will be fully integrated into the existing assembly hall, flexibly alongside the manufacturing of combustion-engine trucks. This means that we are ideally positioned for the production of larger quantities. Our production team is well prepared for the successive ramp-up over the coming months.”
The new electric semi truck features a 600+ kWh battery (hence, eActros 600) that sends power to a new, highly efficient electric drive axle developed in-house by Mercedes-Benz, good enough to “be able to travel significantly more than 1,000 kilometers per day. This is made possible by intermediate charging during the legally prescribed driver breaks – even without megawatt-charging.”