Connect with us

Published

on

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.

FTC: We use income earning auto affiliate links. More.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Continue Reading

Environment

The UK officially closes its last remaining coal power plant

Published

on

By

The UK officially closes its last remaining coal power plant

The UK has marked a historic moment in its energy transition by shuttering the Ratcliffe-on-Soar Power Station in Nottinghamshire, its last remaining coal power plant.

“This is the final chapter of a remarkably swift transition from the country that started the Industrial Revolution,” said Phil MacDonald, managing director of global energy think tank Ember. 

The world’s first coal power plant opened in London in 1882, and as recently as 2012, coal powered 39% of the UK’s electricity supply. However, Ember’s data shows how this dropped rapidly in the following years, remaining at 2% or lower since 2019. 

Ember’s report, “The UK’s journey to a coal power phase-out,” outlines the five key factors that facilitated the UK’s rapid exit from coal: announcing a 2025 coal exit a decade in advance, putting a price on carbon, backing offshore wind, market reforms to encourage renewable energy, and investing in the grid. 

“The UK provided both the carrots and the sticks,” said Phil MacDonald, managing director of Ember. “It’s important to signal that polluting sources have an end date, but also to provide an enabling environment to build the new clean energy system.” 

The UK predominantly replaced coal with wind and solar, without increasing reliance on gas. The country is now targeting a fully decarbonized power system by 2030. 

The UK’s coal phase-out has brought many benefits, reducing both emissions and costs. The rapid decline in coal power since 2012 avoided 880 million tonnes of emissions, which is equivalent to more than double the UK’s total economy-wide emissions in 2023. Ember calculates that the replacement of coal with wind and solar avoided an estimated £2.9 billion in costs.

The UK’s last coal plant closure means that more than a third of Organisation for Economic Co-operation and Development (OECD) countries are now coal-free, with three-quarters expected to eliminate coal power by 2030, aligning with global climate goals to limit warming to 1.5C.

Coal now accounts for just 17% of electricity generation in OECD countries, down from 36% at its peak in 2007. The rapid growth in solar and wind was responsible for 87% of the fall in coal during this period. 

“Once, coal power was a byword for industrial growth,” continued Mr MacDonald. “Now clean energy is driving economies – and not just in high-income countries, but throughout the world.”

Read more: The world’s only coal-to-nuclear reactor plant just broke ground in Wyoming


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

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

Published

on

By

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.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

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

Published

on

By

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.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending