Will you invest in loss-making companies??
The rise of EV industry has resulted in many EV companies, mainly from US and China. As the competition increases, these EV companies engage in price wars to fight for larger market share. In addition, the competition in the EV market has intensified as numerous traditional car markers (Mercedes-Benz, BMW etc) are also investing and building more EV units.
A handful of EV companies have faced bankruptcy such as Lordstown Motors, Fisker etc and another EV company to face potential bankruptcy is a favorite meme stock $Faraday Future Intelligent Electric Inc.(FFIE)$
With the development of various new disruptive technologies like hydrogen-based combustion engines etc that threaten to take away market share away from the EV players $XPeng Inc.(XPEV)$
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- Boybabyrage·07-31No risk no rewards. Joke aside, this company has potential. You should see their social media channels and their efforts to reach out to the community.1Report