▶Must-grab information on 'Electric Vehicle Related Stocks' even now (Click)
▶Exclusive capture by DayInvest Group! Next leading electric vehicle material stock (Click)
The paradigm of automobiles is rapidly shifting to electric vehicles.
This is because countries are increasing benefits for electric vehicles and continuously implementing eco-friendly policies, causing a surge in both supply and demand for electric vehicles. In particular, as more countries officially declare the phase-out of internal combustion engines in the long term, the electric vehicle market is expected to grow sharply.
Especially, the recent scene where Tesla surpassed Japan's Toyota to become the world's number one automobile company by market capitalization symbolically showed the change of the era.
This is also reflected in immediate performance, as Tesla's Q2 sales volume of 90,650 units greatly exceeded the forecast of 72,000 units, leading the electric vehicle market.
Moreover, electric vehicle sales are increasing exponentially in South Korea as well. The number of electric vehicles supplied domestically, which recorded 46,966 units in 2019, is predicted to reach 84,150 units in 2020. However, since domestic mass-production car manufacturers are consecutively launching new electric vehicle models and Tesla's popularity is soaring day by day, the actual figures are expected to greatly exceed the forecast.
Symbolizing this situation, related stocks' prices have also surged. For example, Ecopro BM's stock price has risen more than 130% compared to the beginning of the year, and Daewoo Electronic Materials' stock price has increased over 101%. Other related stocks have also risen more than 60%.
Choi Hyun-woo, an expert at DayInvest Group, explained, "The substitution rate of electric vehicles compared to the entire automobile market is still not large. However, as the whole world is rapidly implementing policies to increase the electric vehicle adoption rate, the number of people switching from internal combustion engines to electric vehicles is steadily increasing. If you buy at the right time with expert help, it can lead to tremendous profits."
Meanwhile, information on electric vehicle related stocks with an appropriate buying timing at this point can be received through the link below.
▶Information on 'Electric Vehicle Related Stocks' you must buy now (Click)
▶Until the desired profit comes out...'DayInvest Group Never Ending Care' (Click)
Stocks of interest: Hanguk Special Steel, SFA Semiconductor, T-PLEX, Humax, Bigtec
※ This content is unrelated to the editorial direction of Asia Economy, and all responsibility lies with the information provider.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
