tl;dr
Recent developments in the electric vehicle sector indicate that Mexico is in a powerful position to broker a 'Westernized' China-based EV supply chain, according to Morgan Stanley. Analyst Adam Jonas observed that EVs produced in Mexico with the help of Chinese equipment and industrial know-how off...
Recent developments in the electric vehicle sector indicate that Mexico is in a powerful position to broker a 'Westernized' China-based EV supply chain, according to Morgan Stanley. Analyst Adam Jonas observed that EVs produced in Mexico with the help of Chinese equipment and industrial know-how offer a potentially viable, albeit uncomfortable, path to on-shoring low-cost EVs. Supposing a Trump presidency without incentives intervention, it would set stricter FEOC and/or critical mineral/sourcing requirements, potentially impacting manufacturing and sourcing from Mexico for EV players. Mexico is seen as an on-ramp for Chinese electric vehicle assets to the West due to its 'politically palatable' status to the U.S. The race to Mexico has already started with several reports of Chinese auto industry suppliers setting up plants in Mexico to supply Tesla's upcoming gigafactory in the region, as well as BYD Company notably looking to set up shop in Mexico.
Apart from Mexico, western automakers are forming more partnerships with Chinese companies, such as Stellantis's investment in China's Leapmotor, Volkswagen's stake in Xpeng, and Tesla's recent plan to open a U.S. battery plant with equipment from CATL.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. The company is also a major installer of solar photovoltaic energy generation systems in the United States and one of the largest global suppliers of battery energy storage systems. Tesla's stock performance has been strong, with a current price of $207.75. Market sentiment is bullish, with a positive outlook on the company's future prospects. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in Tesla, Inc.
More about Stellantis NV
Stellantis NV is a global manufacturer of passenger cars, trucks, SUVs, and light commercial vehicles, with headquarters in the Netherlands. Key financial metrics include a market cap of approximately $189.96 billion, a P/E ratio of 25.29, and a dividend yield of 0.397. The stock performance has shown a 6.77% increase, with a current price of 60.48. Market sentiment appears to be positive, with a bullish trend indicated by the stock's performance and key technical indicators. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
More about Phoenix Motor Inc. Common Stock
Phoenix Motor Inc. Common Stock is in the manufacturing industry, specifically in the truck & bus bodies sector. The stock has experienced a decrease of 0.62 in the last trading session, with a positive 0.229 change in the Relative Strength Index (RSI), indicating a potential oversold condition. The stock has also shown a -2.651 change in Bollinger Bands, which could suggest increased volatility. Market sentiment towards Phoenix Motor Inc. Common Stock is currently neutral, with a trading volume of 4,978,000 shares. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
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