Financial performance of EV- related company stocks – Global EV Outlook 2022 – Analysis
In the last two years, financial markets have amply rewarded EV and battery companies. Until 2020, the financial performance of EV stocks did not show a significant difference at portfolio level1 with other automakers and was in line with overall market performance. At the close of 2019, the total market capitalisation of the selected 14 EV stocks stood at about 13% that of the top-ten vehicle manufacturers, and the EV index was slightly lower as well.
Since 2020, both the EV and battery indices have outpaced that of the top-ten automakers as well as the broader market benchmark. The Covid-19 crisis negatively affected all indices, but the pace of recovery varied. In the first-half of 2020, the EV and battery indices…
