Despite rising fuel prices, new vehicle sales in the United States are projected to increase in August, driven by better supply conditions and high demand for personal transportation. Moreover, electric vehicles are in demand due to environmental concerns and government incentives.
However, I think it might be best for investors to avoid NIO Inc. (NIO), given its weak financials. While holding Li Auto Inc. (LI) could be wise, one could consider investing in Honda Motor Co., Ltd. (HMC).
