3 EV Stocks to Buy Now in Hopes of a September Rate Cut

InvestorPlace07-17

Consumer price inflation growth is slowing, with the jobs market also showing signs of weakness, paving the way for rate cuts. Nio (NIO): It’s among the China-based EV stocks that may benefit from ...

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The Bureau of Labor Statistics reported a 3% annual price increase, down from 3.3% in May, with a 0.1% monthly decline. Core inflation rose 3.3%, the lowest since April 2021. Many notable economists have noted these results are extremely positive for those in the rate cut camp.Now that the market expects rate cuts to happen on September, consumers are looking for more ways to invest in stocks that benefits from it. One option to consider are electric vehicle  stocks, since this space is interest rate sensitive.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","CEO":"中海油","BK4574":"无人驾驶","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4505":"高瓴资本持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4581":"高盛持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4099":"汽车制造商","09866":"蔚来-SW","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4563":"昨日强势股","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","NIO.SI":"蔚来","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LI":"理想汽车","NIO":"蔚来","BK4592":"伊斯兰概念","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4585":"ETF&股票定投概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","RIVN":"Rivian Automotive, Inc.","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4509":"腾讯概念","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","TSLA":"特斯拉","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4527":"明星科技股","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4588":"碎股","BK4503":"景林资产持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A"},"translate_title":"现在值得买入的3只电动汽车股票，希望9月份降息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"LI":1,"CEO":1,"NIO":1,"RIVN":1,"NIO.SI":0.6,"EVS.SI":0.6,"09866":0.6},"content_text":"Consumer price inflation growth is slowing, with the jobs market also showing signs of weakness, paving the way for rate cuts.\nNio (NIO): It’s among the China-based EV stocks that may benefit from declining global interest rates.\nLi Auto (LI): Another China-based EV company is raising its guidance amid strong demand.\nRivian (RIVN): The company’s recent investment from a major automaker has greatly improved its outlook. \n\n\n\n\n\n \n\n\nInflation unexpectedly eased in June, providing the Federal Reserve with positive data as it approaches interest rate cuts. The Bureau of Labor Statistics reported a 3% annual price increase, down from 3.3% in May, with a 0.1% monthly decline. Core inflation rose 3.3%, the lowest since April 2021. Many notable economists have noted these results are extremely positive for those in the rate cut camp.\nNow that the market expects rate cuts to happen on September, consumers are looking for more ways to invest in stocks that benefits from it. One option to consider are electric vehicle (EV) stocks, since this space is interest rate sensitive.\nStill, investors must consider headwinds. The E.U. recently imposed tariffs on Chinese EV exports to counter competitive advantages from state subsidies. China is aggressively targeting EV growth, with new energy vehicles making up 46.7% of vehicle sales in May.\nNevertheless, in June, manufacturers reported record deliveries, contributing to a 32% market share in 2023. The goal is to reach 40% by 2030 and 50% by 2035, supporting carbon neutrality by 2060. Tax exemptions further lower the cost of EV ownership by eliminating a 10% purchase tax.\nThese three EV stocks reported strong deliveries this quarter, despite a downturn in demand leading to price cuts. This has sparked a price war, squeezing profit margins across the sector. But if interest rate cuts do materialize, and costs come down for buyers, prices could feasibly rise as demand picks up.\nNio (NIO)\nSource: Robert Way / Shutterstock.comChinese EV company Nio (NYSE:NIO) reported strong deliveries in June, reflecting a 98% increase year-over-year (YOY). In Q2 of 2024, total deliveries reached 57,373, amounting to whopping 143.9% growth. This performance underscores Nio’s expanding influence in the EV market.\nRecently, Nio launched the Banyan 2.6.5 CN system on July 11, featuring artificial intelligence (AI)-optimized automatic emergency braking (AEB). The upgrade aims to improve the car’s ability to avoid obstacles on the road. It’s the first AEB system using end-to-end technology, enhancing collision risk reduction by learning from human driving patterns.\nUnlike traditional rule-based systems, end-to-end technology uses AI to address scenarios not covered by existing rules. Tesla (NASDAQ:TSLA) introduced FSD V12 earlier this year, yielding positive results and promoting this approach as an industry standard. Following suit, Nio reorganized its smart driving team on June 19 to prioritize end-to-end technology.\nLi Auto (LI)\nSource: Robert Way / Shutterstock.comChinese EV leader Li Auto (NASDAQ:LI) is undervalued despite its dominance. A key advantage is its EVs’ extended range, enhancing accessibility away from chargers. The company plans to invest 6 billion yuan in 5,000 new charging stations, diversifying the company’s revenue streams over the long-term. Additionally, Li also recently launched the Li L6, adding to its lineup of innovative EV models. \nLI stock has sharply corrected and is nearing 52-week lows, presenting a prime buying opportunity. At a forward price-earnings ratio of 18.4-times, this stock does appear to be significantly undervalued. The drop is primarily due to lowered growth estimates and EU tariffs on Chinese EVs. \nHowever, Li Auto remains focused on the Chinese market and ended Q1 with a strong cash reserve of $13.7 billion, allowing for investment in technology and development. The company aims to launch level three self-driving technology by 2025 and may expand into the Middle East.\nFinancially robust, with revenues reaching $17.4 billion last year, growing 173%, and sustaining profitability, Li Auto’s potential exceeds its current $22 billion valuation.\nRivian (RIVN)\nSource: Tada Images / Shutterstock.comIn a slowing U.S. EV market, consumer sentiment is crucial. More than 40% of EV owners plan to switch to traditional vehicles, highlighting the need for investor awareness. Edmunds’ latest EV tests provide valuable insights, including positive news for Rivian (NASDAQ:RIVN) investors.\nRivian’s stock price target was raised from $11 to $15 by Mizuho, maintaining a neutral stance on RIVN stock. This followed Rivian’s second-quarter vehicle deliveries of about 13,800, a 9% YOY increase, surpassing expectations of 11,500. Also, the company aimed for a 20% material cost reduction on its R1 model by Q4 and reaffirmed its 2024 delivery outlook, predicting low single-digit growth, below the 6% consensus.\nIn other positive news, Volkswagen (OTCMKTS:VWAGY) recently partnered with Rivian, investing up to $5 billion to develop next-gen software-defined vehicle platforms. This collaboration aims to enhance technology and reduce costs, benefiting both companies. Facing significant losses, Rivian seeks financial support to scale production and invest in future products, with Chief Executive Officer (CEO) RJ Scaringe highlighting the partnership’s role in securing capital for growth.\nOn the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.Automotive, Consumer Discretionary, Electric VehiclesUndervalued Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/3-ev-stocks-to-buy-now-in-hopes-of-a-september-rate-cut/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2452213424"}