|Bid||32.395 x 100000|
|Ask||32.508 x 100000|
|Day's Range||32.068 - 32.272|
|52 Week Range||27.299 - 36.306|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mizuho's Vijay Rakesh and Jason Getz met with SAIC Motor, which is one of China's largest auto suppliers and also a partner of General Motors (GM) and Volkswagen (VLKAY), which makes them more confident in the electric vehicle (EV) market in the nation. Rakesh and Getz expect SAIC (formerly Shanghai Automotive Industry Corporation) to introduce seven new EV models next year: Three of its own and two each from GM and Volkswagen. They write that EV is less of a challenge for the European automakers, but SAIC faces some challenges with the models, as its profit margins are "much slimmer:" they estimate in the low single digits.
Big automakers are yet to escape recall woes. General Motors, Ford and Volkswagen AG face recalls once again.
What investors need is ‘second-level thinking’ to avoid making mistakes, writes Phil van Doorn.