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- 1 Electric vehicles have become the imminent future as the world is pushing for a sustainable future.
- 2 The boost in the sales and manufacturing of EVs is clearly reflected in their stock prices.
- 3 Canada is offering some great opportunities for investors with a number of EV companies.
Most developed and developing nations have decided to go carbon-free in the next few decades. They are limiting deforestation, taking eco-friendly measures, and spreading awareness about the environment. Electric vehicles have emerged as the best catalyst in achieving that goal. With them, countries decimate their carbon emissions and make this planet more sustainable. Every nation is investing in EVs and Canada is one of them.
In the last few years, many EV manufacturers and retailers have cropped up in Canada. These companies are making cars fit for the Canadian people. Moreover, they are registering good sales and increasing their revenues each quarter. As a result, they have also become a good investment option for traders. Investing in a Canadian EV company could be very profitable if one has chosen the right one. Thus, experts are helping investors pick the most prolific companies.
Canadian EV Companies Investors Must Know About
With cutting-edge technology and thoughtful design, these companies are satisfying their customers. As a result, their stocks are gaining all the traction.
Magna International (TSE: MG)
Magna is a renowned auto parts manufacturer in Canada. It supplies components, modules, assemblies, and automotive systems to a number of leading carmakers. Some of them are Mercedes, BMW, Volkswagen, Toyota, Tesla, Ford, General Motors, and many others. Recently, the company has started working on EVs and its related parts too.
Lion Electric Co. (TSE: LEV)
Lion is currently leading the show in the electric vehicle manufacturing segment. It produces a range of commercial vehicles along with their parts. It makes public transit buses, garbage trucks, bucket trucks, school buses, etc. Founded in 2011, it is listed on the New York Stock Exchange as well as the Toronto Stock Exchange.
GreenPower Motor Company Inc. (CVE: GPV)
As the name states, the company focuses on making multiple zero-emission models in electric buses. It essentially manufactures transit buses, school buses, and double-decker buses. The company also owns some subsidiaries that operate in the EV manufacturing space. Founded in 2010, GreenPower has established itself as a dominant player in this domain.
NFI Group Inc. (TSE: NFI)
NFI manufactures and supplies sustainable bus and motor coaches globally. Its battery-electric and fuel-cell electric vehicles are quite popular. Notably, the company provides its zero-emission vehicles in more than 140 cities in six countries. With a line of subsidiaries, it is also expanding its operations.
General Motors (NYSE: GM)
General Motors is an American automobile maker with operations spread in eight countries. It has a manufacturing unit in Canada as well. It is one of the largest automakers in the world with subsidiaries. Lately, it has forayed into EVs and self-driving cars too.
Conclusion
By investing in EV stocks, traders can gain many benefits. They can earn profits frequently and also secure long-term growth. Hence, it is probably the best move to put money into one of these companies. From future prospects to ongoing market conditions, everything about them is great right now. However, it’s best if the investors do some analysis before putting their money into any stock.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
