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Business
Nidhi Agarwal

2 Auto Stocks to Buy Right Now and 2 to Avoid

GM NIO STLA XPEV United States Supply chain General Motors Company gf Nio Inc Stellantis NV

The auto industry is expected to see stable growth this year. Moreover, the rapid adoption of electric vehicles should boost demand in the auto industry. Hence, I think quality auto stocks Stellantis N.V. (STLA) and General Motors Company (GM) could be ideal additions to your portfolio.

However, given the lingering macroeconomic headwinds, NIO Inc. (NIO) and XPeng Inc. (XPEV) could be best avoided, considering their fundamental weakness.

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