If you only know Tesla in the EV space, you’re missing significant profit opportunities. Two US-listed stocks are making serious moves in electric vehicles. Watch our analysis to see why these under-the-radar players could be big winners.
Nio’s Growth Strategy
Chinese automaker Nio offers vehicles across all price segments, from affordable to premium models. The company’s battery swap technology eliminates daily charging hassles—users can replace batteries in minutes rather than waiting hours. While currently operating at a loss, management expects profitability by next year through two key drivers: launching new models and increasing manufacturing capacity over the next three months. Sales momentum continues accelerating, supported by this innovative charging solution.
EVgo’s Infrastructure Expansion
EVgo operates 4,240 charging stations across the US, serving 1.4 million customers. This rapid expansion delivered 126% revenue growth over three years. The company raised $1.25 billion this year to fund aggressive expansion plans, targeting 7,500 additional fast chargers over five years. Since charging stations represent one-time infrastructure costs, management projects operating margins reaching 30-40% within three to five years as utilization scales.
Both stocks offer direct exposure to the EV megatrend through different approaches—Nio via innovative manufacturing and EVgo through essential infrastructure. For investors seeking EV opportunities beyond Tesla, these focused plays deserve serious consideration.
Disclaimer: Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory.
