In this piece, I have evaluated two auto stocks, Hyundai Motor Company (HYMTF) and Lucid Group, Inc. (LCID), to determine which could generate better returns. Seoul, South Korea-based HYMTF manufactures and distributes motor vehicles and parts globally, whereas LCID engages in the Electric Vehicle (EV) technology business.
The automotive industry faced significant headwinds over the past few years, encompassing several elements of the global economy, such as high inflation, rising interest rates, and geopolitical instability due to the Russia-Ukraine war. Shortages in microchips and labor also impacted nearly every aspect of the automotive supply chain.
