- Stringent emissions regulations, advancing electric vehicle ("EV") technologies, and increasing price parity have supercharged the transition from ICEs to electric powertrains in the past year.
- The global EV market is estimated to grow at a CAGR of more than 30%, with more than 145 million EVs on the road by 2030.
- The global transition to green mobility makes strong tailwinds for those within the EV supply chain, including two notable EV pure-plays currently available in the market: NIO and Lucid Motors.
- Both companies have exhibited strong capabilities in matching current customer demand with suitable EV models and technology, and catching the regulatory tailwinds to secure sustainable long-term growth going forward.
- We believe NIO and Lucid Motors are poised to excel within the markets in which they respectively serve, with significant upside potential of more than 50% and 90%, respectively, in the near term.
For further details see:
Churchill Capital Vs. NIO Stock: Which EV Stock Is The Better Buy?