The auto industry is poised for growth thanks to strong customer demand with the potential rate cuts, the shift to Electric Vehicles (EVs), government incentives, and improved supply chains.
Despite the industry's rosy prospects, NIO Inc. (NIO) is best avoided now because of its fundamental weakness. On the other hand, Cenntro Electric Group Limited (CENN) could be a strong candidate for one’s watchlist. Before diving deeper into the fundamentals of these stocks, let’s discuss why the auto industry is well-positioned for growth.
