In recent years, stocks in the automobile industry have garnered attention from investors primarily due to one reason - growing adoption of electric vehicles (EVs). When it comes to EV stocks, the market has largely been dominated by Elon Musk-led Tesla (TSLA) and China-based rivals like Nio (NIO), Xpeng (XPEV), and Li Auto (LI), among others.
Outside this small group, there's one iconic auto brand that is making notable moves in the EV space. Even better, its valuations are looking attractive at current levels, and the company has a long history of paying consistent dividends to its shareholders over the years.
