Last Updated on December 29, 2020 by Henry John
It all started with Tesla getting into the S&P 500. Since the news broke out, Tesla’s stock and EV stocks in general, have been going north crazily.
The 6 promising EV penny stocks that I recommended have all gone up at least 100% in the space of 5 trading days. And it’s becoming increasingly evident that Tesla is driving the entire EV market and is now used as a proxy to value other EV stocks.
Nio, a former EV penny stock, has been following Tesla’s lead in the stock market, and posting mind-blowing returns, returns that have exceeded that of Telsa by a mile. Nio has grown over 1,200% YTD and also benefitted from the news of Tesla getting into the S&P 500, as it joined many other EV stocks in the crazy growth this November.
Here are the 6 recommended EV stocks that skyrocketed in November and how well they did:
1. Blinks Charging Co.
Blinks Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle EV) charging equipment and offers a networked EV charging services in the United States.
As of December 31, 2019, it had approximately 14,778 EV charging stations.
The company is headquartered in Miami Beach, Florida.
Blinks’ stock started the month trading at $8.21 and currently trades at $29.23, registering a growth of over 250% this month so far.
2. CBAK Energy Technology
CBAK Energy Technology through its subsidiaries, develops, manufactures, and sells lithium batteries that are used in various applications. Their lithium batteries are used in electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars.
The company is based in China, like Nio, and sells its lithium batteries in Mainland China, the United States, Europe, Taiwan, Israel, and internationally.
CBAK’s stock started the month trading at $2.46, went as high as $11.30 by November 16, and currently trades at $7.12, registering a growth of over 185% this month so far, despite the drop.
3. Arcimoto, Inc.
Arcimoto, Inc. designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fund Utility Vehicle; Rapid Responder for a specialized emergency, security, and law enforcement services; and Deliverator for delivery of goods.
It’s a US company that is headquartered in Eugene, Oregon.
Arcimoto’s stock started the month trading at $5.74 and currently trades at $14.33, registering a growth of over 145% this month so far.
4. Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle products and parts in the People’s Republic of China and internationally.
The company has a strategic cooperation agreement with Jiangsu Jinpeng Group Ltd. to jointly develop the EV market in China.
Kandi’s stock started the month trading at $6.72 and currently trades at $14.44, registering a growth of over 110% this month so far.
5. Electrameccanica Vehicles Corp.
Electrameccanica Vehicles Corp. is a development-stage company that plans, develops, manufactures, and sells electric vehicles under the SOLO name.
It has two electric vehicle candidates under the design development stage, including Super SOLO and Tofino. And also develops and manufactures custom build electric vehicles.
The company is headquartered in Vancouver, Canada.
Electrameccanica’s stock started the month trading at $2.86 and currently trades at $8.43, registering a growth of over 190% this month so far.
6. Ayro, Inc.
Ayro, Inc. designs and manufactures light-duty, emissions-free electric vehicles for urban and community transport, local delivery, closed campus mobility, recreational, and government use.
Like Arcimoto, it offers a three wheeled vehicle, named AYRO 311, for professional and personal use. It also offers Club Car 411 for low-speed logistics and cargo services for campus.
The company is headquartered in Round Rock, Texas.
Ayro’s stock started the month trading at $2.59 and currently trades at $8.70, registering a growth of over 230% this month so far.