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2 Glittering Stocks in an Almost Starless Foreign Auto Industry

Rimmi Singhi
·1-min read

The Zacks Automotive – Foreign industry is battling the global shortage of semiconductor supply. Vehicle sales are declining across all major foreign markets amid chip crunch. Companies are forced to slash production targets, which will limit their revenues. Manufacturing inefficiencies, high commodity costs, and escalating capex and research & development (R&D) costs for the development of electric vehicles (EVs) are likely to further dent margins. Nonetheless, two stocks — namely BYD Co Ltd BYDDY and Stellantis STLA — look poised to shine in an otherwise gloomy industry.


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Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report
 
Stellantis N.V. (STLA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.