- Oops!Something went wrong.Please try again later.
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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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.