The number of autonomous vehicles sold is estimated to exceed 30 million by 2040. Among the world’s largest electric vehicle manufacturers, Tesla, General Motors Company, and Ford Motor Company are competing to develop a fully automated vehicle. The autonomous car business is anticipated to be worth more than $2 trillion by 2030. The demand for artificial intelligence, data, and self-driving technology is causing tech firms to scramble to provide it. Autonomous trucks, industry robots, and public transportation networks are all examples of industrial mobility.
Here is Insider Monkey’s list of the 11 best autonomous vehicle stocks to buy now. Guangdong Foday Automobile, a manufacturer of automobiles, was acquired by Xpeng. Xpeng will be able to produce its own vehicles due to the acquisition. The company develops self-driving technologies, an intelligent operating system for cars, and basic vehicle systems. It is an electric vehicle manufacturer established in China. The tenth greatest autonomous car stock to purchase right now is Luminar Technologies, Inc. Daimler Trucks, SAIC, and Volvo are among the companies the company has partnered with. Aptiv is an Irish-based car parts manufacturer. Motional, Aptiv’s joint venture with Hyundai, provides autonomous vehicles and technologies for the corporation. In May 2021, Motional unveiled its first robotaxi, the all-electric IONIQ 5. On the list of the 11 greatest autonomous car stocks to purchase right now, Ford Motor Company is ranked seventh. Henry Ford created the American multinational vehicle manufacturing in 1903. By the end of 2021, Insider Monkey has identified 55 hedge funds with positions in Ford Motor Company worth around $2.10 billion. Baidu, Inc. is a Chinese firm that deals with the internet and artificial intelligence. Apollo Moon was developed in collaboration with BAIC Group’s EV brand ARCFOX. Apollo Moon is a next-generation robotaxi that will be a third of the price of typical L4 autonomous vehicles. Tesla, Inc. is an electric vehicle and clean energy corporation based in California. In 2020, the company is expected to supply roughly 500,000 units. The firm became the first electric vehicle manufacturer to sell one million vehicles in June 2021. For more details, click 11 Best Autonomous Vehicle Stocks To Buy Now.
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