Jasontay81
2021-09-07
Hi
General Motors: Rising EV Player Deeply Undervalued<blockquote>通用汽车：崛起的电动汽车公司被严重低估</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
2
6
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":817599073,"tweetId":"817599073","gmtCreate":1630973383292,"gmtModify":1632904898176,"author":{"id":4089438738591500,"idStr":"4089438738591500","authorId":4089438738591500,"authorIdStr":"4089438738591500","name":"Jasontay81","avatar":"https://static.tigerbbs.com/ea8f089bf917f0af5a9c5691aa849a93","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":8,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Hi</p></body></html>","htmlText":"<html><head></head><body><p>Hi</p></body></html>","text":"Hi","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/817599073","repostId":1178562582,"repostType":4,"repost":{"id":"1178562582","kind":"news","pubTimestamp":1630973253,"share":"https://www.laohu8.com/m/news/1178562582?lang=zh_CN&edition=full","pubTime":"2021-09-07 08:07","market":"us","language":"en","title":"General Motors: Rising EV Player Deeply Undervalued<blockquote>通用汽车：崛起的电动汽车公司被严重低估</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178562582","media":"Seeking Alpha","summary":"Summary\n\nGeneral Motors is going to spend $35B on its electrification plan by 2025 and strives to be","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>General Motors is going to spend $35B on its electrification plan by 2025 and strives to become an all-electric car brand by 2035.</li> <li>General Motors wants to launch thirty new EV models by 2025.</li> <li>Accelerating EV adoption in the US and investments in battery technology could pay big rewards for General Motors as electric vehicles become more affordable.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab7fda01337fcdbc49ec94167f2fe61b\" tg-width=\"1536\" tg-height=\"1114\" width=\"100%\" height=\"auto\"><span>Mario Tama/Getty Images News</span></p><p><blockquote><ul><li>通用汽车将在2025年之前斥资350亿美元用于其电气化计划，并力争到2035年成为全电动汽车品牌。</li><li>通用汽车希望到2025年推出30款新电动汽车车型。</li><li>随着电动汽车变得更加实惠，美国加速电动汽车的采用和对电池技术的投资可能会为通用汽车带来巨大回报。</li></ul><p class=\"t-img-caption\"><span>马里奥·塔玛/盖蒂图片社新闻</span></p></blockquote></p><p> General Motors (GM) is investing heavily in its electric vehicle transformation. High EV ambitions, an improving electric vehicle lineup and investments in battery technology are setting the car brand, and the stock, up for strong gains in the future.</p><p><blockquote>通用汽车（GM）正在大力投资电动汽车转型。雄心勃勃的电动汽车雄心、不断完善的电动汽车阵容以及对电池技术的投资正在使该汽车品牌和该股在未来有望强劲上涨。</blockquote></p><p> <b>Why General Motors is a long-term buy</b></p><p><blockquote><b>为什么通用汽车值得长期买入</b></blockquote></p><p> General Motors has committed to an all-electric future and its EV goals are one of the most aspirational in the legacy-auto industry. General Motors detailed its ambition to invest $20B into its electric and autonomous vehicle transformation before the pandemic, but the car brand said in 2021 that it now wants to invest $35B into its electrification from 2020 to 2025. General Motors also wants to sell 1 million electric vehicles globally by 2025. Since the firm sold just a little more than 200,000 electric vehicles in 2020, General Motors is set to boost EV sales by the factor of five over the next five years. The EV transformation implies that General Motors will get rid of gasoline-powered passenger models by 2035 altogether.</p><p><blockquote>通用汽车致力于全电动未来，其电动汽车目标是传统汽车行业最令人向往的目标之一。通用汽车详细介绍了其在疫情爆发前投资200亿美元用于电动和自动驾驶汽车转型的雄心，但该汽车品牌在2021年表示，现在希望在2020年至2025年期间投资350亿美元用于电气化。通用汽车还希望到2025年在全球销售100万辆电动汽车。由于该公司2020年电动汽车销量略高于20万辆，通用汽车计划在未来五年内将电动汽车销量提高五倍。电动汽车转型意味着通用汽车将在2035年之前完全淘汰汽油动力乘用车车型。</blockquote></p><p> Electric and autonomous vehicles represent big growth opportunities for American car brands. Ford Motor (F) also committed $30B to its electrification plan in 2021, which boosted its original EV spending plan by $8B. Ford wants to generate 40% of global sales from electric vehicles by 2030. To rival General Motors’ EV plans, Ford would have to generate another 60% of sales from EVs within the following five-year period. So far, Ford has not communicated such a commitment.</p><p><blockquote>电动和自动驾驶汽车代表着美国汽车品牌的巨大增长机会。福特汽车(F)还承诺在2021年为其电气化计划投入300B美元，这使其最初的电动汽车支出计划增加了8B美元。福特希望到2030年电动汽车占全球销量的40%。为了与通用汽车的电动汽车计划竞争，福特必须在接下来的五年内从电动汽车中再获得60%的销量。到目前为止，福特尚未传达这样的承诺。</blockquote></p><p> Under General Motors’ $35B EV investment plan, the car brand wants to launch 30 new electric vehicles globally by 2025, with two-thirds of new EV models set to come to North America. New electric vehicles are set to include the Chevrolet Bolt EV, the GMC Hummer EV pickup truck, an all-electric Chevy Silverado pickup truck and the Cadillac LYRIQ, a crossover utility vehicle.</p><p><blockquote>根据通用汽车350亿美元的电动汽车投资计划，该汽车品牌希望到2025年在全球推出30款新型电动汽车，其中三分之二的新型电动汽车将销往北美。新型电动汽车将包括雪佛兰Bolt EV、GMC悍马EV皮卡、全电动雪佛兰索罗德皮卡和跨界多功能车凯迪拉克LYRIQ。</blockquote></p><p> To make the purchase of electric vehicles more attractive and accelerate EV adoption in the US, General Motors and EVgo(NASDAQ:EVGO)agreed to build 2,700 new fast chargers until 2025 in a bid to expand the density of EVgo’s fast charging network. An increasing number of charge points could accelerate electric vehicle adoption in the US and set General Motors up for long-term growth in the EV market. The US market is still lagging behind other EV markets regarding adoption of zero-emission vehicles, but the build-out of charging station networks could change this in the future. Political attitudes regarding EVs are also changing and the Biden Administration is proposing to build500,000 publicly available EV charging stationsto get more zero-emission vehicles on the road. China and Europe have the world's highest EV adoption rates.</p><p><blockquote>为了让电动汽车的购买更具吸引力，并加速电动汽车在美国的普及，通用汽车和EVgo（纳斯达克：EVgo）同意在2025年前建造2700个新的快速充电器，以扩大EVgo快速充电网络的密度。充电点数量的增加可能会加速电动汽车在美国的采用，并为通用汽车在电动汽车市场的长期增长做好准备。在零排放汽车的采用方面，美国市场仍落后于其他电动汽车市场，但充电站网络的建设可能会在未来改变这一状况。人们对电动汽车的政治态度也在发生变化，拜登政府提议建造50万个公共电动汽车充电站，以让更多零排放汽车上路。中国和欧洲拥有世界上最高的电动汽车采用率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65a4aa35ace4d5c2053c02b08ff55985\" tg-width=\"697\" tg-height=\"563\" width=\"100%\" height=\"auto\"><span>Source: Pew Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：皮尤研究</span></p></blockquote></p><p> Batteries and fuel cells are the most critical components for the production of EVs and General Motors is investing in battery technology through a joint venture with LG Energy Solution to secure supply in a tight market. To this end, General Motors is building two new battery cell manufacturing plants which are expected to be operational by mid-decade. Two more battery manufacturing plants are currently under construction in Tennessee and Ohio. Due to higher investments in battery technology, battery prices have fallen significantly over the last decade. Battery prices hit an all-time low of $137 per-kilowatt-hour in 2020, marking a low point in a decade-long trend, which helps EVs become more competitive regarding pricing. According to Bloomberg New Energy Finance, due to falling battery prices, electric vehicles could cost the same as gas-powered vehicles by 2023.</p><p><blockquote>电池和燃料电池是生产电动汽车最关键的部件，通用汽车正在通过与LG Energy Solution的合资企业投资电池技术，以确保紧张市场的供应。为此，通用汽车正在建设两家新的电池制造工厂，预计将于本世纪中期投入运营。目前，田纳西州和俄亥俄州还有两家电池制造厂正在建设中。由于对电池技术的投资增加，电池价格在过去十年中大幅下降。2020年，电池价格创下每千瓦时137美元的历史新低，标志着十年来趋势的低点，这有助于电动汽车在定价方面更具竞争力。据彭博新能源财经报道，由于电池价格下降，到2023年，电动汽车的成本可能与汽油动力汽车持平。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8506975eab53d6f0b828aca8cdbdcb2\" tg-width=\"800\" tg-height=\"600\" width=\"100%\" height=\"auto\"><span>Source: Bloomberg New Energy Finance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：彭博新能源财经</span></p></blockquote></p><p></p><p> With the EV market set to experience strong growth over the next decade, legacy auto companies that evolve and endorse the EV opportunity are poised to reap rich rewards. General Motors’ EV revenue opportunity costs a P-E ratio of 7.03, which is similar to Ford's P-E ratio of 6.75. EV makers that produce only electric vehicles typically sell for high sales multiplier factors, including Tesla (TSLA). General Motors, Ford and Tesla have market-capitalization-to-sales ratios of 0.46, 0.33 and 10.89. As General Motors moves closer to a 100% EV global sales share, the stock can revalue higher.</p><p><blockquote>随着电动汽车市场在未来十年将会迎来强劲增长，那些不断演变和认可电动汽车机遇的传统汽车公司将准备收获丰厚的回报。通用汽车的EV收入机会成本的市盈率为7.03，这与福特6.75的市盈率相似。仅生产电动汽车的电动汽车制造商通常以较高的销售乘数系数进行销售，其中包括特斯拉（TSLA）。通用、福特和特斯拉的市值与销售额之比分别为0.46、0.33和10.89。随着通用汽车电动汽车全球销量份额接近100%，该股可能会升值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/608e7d7eace2046ca47923be6d2a3cbd\" tg-width=\"903\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b>Risks with General Motors</b></p><p><blockquote><b>通用汽车的风险</b></blockquote></p><p> The chip supply shortage, which hampers production of EVs and non-EVs, is a short-term risk for General Motors. The supply crunch will continue in the second half of the year and poses a risk to the stock. Longer term, the biggest risk for General Motors is to miss out on the electric vehicle opportunity and accelerating EV adoption in the US. General Motors is set to bring new EV products to market in FY 2022 and the investment plan worth $35B is big enough to address this risk in a timely manner.</p><p><blockquote>芯片供应短缺阻碍了电动汽车和非电动汽车的生产，是通用汽车面临的短期风险。供应紧缩将在下半年持续，并对该股构成风险。从长远来看，通用汽车面临的最大风险是错过电动汽车机会并加速电动汽车在美国的采用。通用汽车计划在2022财年将新的电动汽车产品推向市场，价值350亿美元的投资计划足以及时应对这一风险。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> General Motors has committed to an all-electric future. The electrification plan is bold and it is exactly what is needed for the market to get excited about General Motors’ long-term prospects in a growing US EV market. The low P-E ratio implies deep value!</p><p><blockquote>通用汽车致力于全电动的未来。电气化计划是大胆的，这正是市场对通用汽车在不断增长的美国电动汽车市场的长期前景感到兴奋所需要的。低市盈率意味着深度价值！</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>General Motors: Rising EV Player Deeply Undervalued<blockquote>通用汽车：崛起的电动汽车公司被严重低估</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeneral Motors: Rising EV Player Deeply Undervalued<blockquote>通用汽车：崛起的电动汽车公司被严重低估</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-07 08:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>General Motors is going to spend $35B on its electrification plan by 2025 and strives to become an all-electric car brand by 2035.</li> <li>General Motors wants to launch thirty new EV models by 2025.</li> <li>Accelerating EV adoption in the US and investments in battery technology could pay big rewards for General Motors as electric vehicles become more affordable.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab7fda01337fcdbc49ec94167f2fe61b\" tg-width=\"1536\" tg-height=\"1114\" width=\"100%\" height=\"auto\"><span>Mario Tama/Getty Images News</span></p><p><blockquote><ul><li>通用汽车将在2025年之前斥资350亿美元用于其电气化计划，并力争到2035年成为全电动汽车品牌。</li><li>通用汽车希望到2025年推出30款新电动汽车车型。</li><li>随着电动汽车变得更加实惠，美国加速电动汽车的采用和对电池技术的投资可能会为通用汽车带来巨大回报。</li></ul><p class=\"t-img-caption\"><span>马里奥·塔玛/盖蒂图片社新闻</span></p></blockquote></p><p> General Motors (GM) is investing heavily in its electric vehicle transformation. High EV ambitions, an improving electric vehicle lineup and investments in battery technology are setting the car brand, and the stock, up for strong gains in the future.</p><p><blockquote>通用汽车（GM）正在大力投资电动汽车转型。雄心勃勃的电动汽车雄心、不断完善的电动汽车阵容以及对电池技术的投资正在使该汽车品牌和该股在未来有望强劲上涨。</blockquote></p><p> <b>Why General Motors is a long-term buy</b></p><p><blockquote><b>为什么通用汽车值得长期买入</b></blockquote></p><p> General Motors has committed to an all-electric future and its EV goals are one of the most aspirational in the legacy-auto industry. General Motors detailed its ambition to invest $20B into its electric and autonomous vehicle transformation before the pandemic, but the car brand said in 2021 that it now wants to invest $35B into its electrification from 2020 to 2025. General Motors also wants to sell 1 million electric vehicles globally by 2025. Since the firm sold just a little more than 200,000 electric vehicles in 2020, General Motors is set to boost EV sales by the factor of five over the next five years. The EV transformation implies that General Motors will get rid of gasoline-powered passenger models by 2035 altogether.</p><p><blockquote>通用汽车致力于全电动未来，其电动汽车目标是传统汽车行业最令人向往的目标之一。通用汽车详细介绍了其在疫情爆发前投资200亿美元用于电动和自动驾驶汽车转型的雄心，但该汽车品牌在2021年表示，现在希望在2020年至2025年期间投资350亿美元用于电气化。通用汽车还希望到2025年在全球销售100万辆电动汽车。由于该公司2020年电动汽车销量略高于20万辆，通用汽车计划在未来五年内将电动汽车销量提高五倍。电动汽车转型意味着通用汽车将在2035年之前完全淘汰汽油动力乘用车车型。</blockquote></p><p> Electric and autonomous vehicles represent big growth opportunities for American car brands. Ford Motor (F) also committed $30B to its electrification plan in 2021, which boosted its original EV spending plan by $8B. Ford wants to generate 40% of global sales from electric vehicles by 2030. To rival General Motors’ EV plans, Ford would have to generate another 60% of sales from EVs within the following five-year period. So far, Ford has not communicated such a commitment.</p><p><blockquote>电动和自动驾驶汽车代表着美国汽车品牌的巨大增长机会。福特汽车(F)还承诺在2021年为其电气化计划投入300B美元，这使其最初的电动汽车支出计划增加了8B美元。福特希望到2030年电动汽车占全球销量的40%。为了与通用汽车的电动汽车计划竞争，福特必须在接下来的五年内从电动汽车中再获得60%的销量。到目前为止，福特尚未传达这样的承诺。</blockquote></p><p> Under General Motors’ $35B EV investment plan, the car brand wants to launch 30 new electric vehicles globally by 2025, with two-thirds of new EV models set to come to North America. New electric vehicles are set to include the Chevrolet Bolt EV, the GMC Hummer EV pickup truck, an all-electric Chevy Silverado pickup truck and the Cadillac LYRIQ, a crossover utility vehicle.</p><p><blockquote>根据通用汽车350亿美元的电动汽车投资计划，该汽车品牌希望到2025年在全球推出30款新型电动汽车，其中三分之二的新型电动汽车将销往北美。新型电动汽车将包括雪佛兰Bolt EV、GMC悍马EV皮卡、全电动雪佛兰索罗德皮卡和跨界多功能车凯迪拉克LYRIQ。</blockquote></p><p> To make the purchase of electric vehicles more attractive and accelerate EV adoption in the US, General Motors and EVgo(NASDAQ:EVGO)agreed to build 2,700 new fast chargers until 2025 in a bid to expand the density of EVgo’s fast charging network. An increasing number of charge points could accelerate electric vehicle adoption in the US and set General Motors up for long-term growth in the EV market. The US market is still lagging behind other EV markets regarding adoption of zero-emission vehicles, but the build-out of charging station networks could change this in the future. Political attitudes regarding EVs are also changing and the Biden Administration is proposing to build500,000 publicly available EV charging stationsto get more zero-emission vehicles on the road. China and Europe have the world's highest EV adoption rates.</p><p><blockquote>为了让电动汽车的购买更具吸引力，并加速电动汽车在美国的普及，通用汽车和EVgo（纳斯达克：EVgo）同意在2025年前建造2700个新的快速充电器，以扩大EVgo快速充电网络的密度。充电点数量的增加可能会加速电动汽车在美国的采用，并为通用汽车在电动汽车市场的长期增长做好准备。在零排放汽车的采用方面，美国市场仍落后于其他电动汽车市场，但充电站网络的建设可能会在未来改变这一状况。人们对电动汽车的政治态度也在发生变化，拜登政府提议建造50万个公共电动汽车充电站，以让更多零排放汽车上路。中国和欧洲拥有世界上最高的电动汽车采用率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65a4aa35ace4d5c2053c02b08ff55985\" tg-width=\"697\" tg-height=\"563\" width=\"100%\" height=\"auto\"><span>Source: Pew Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：皮尤研究</span></p></blockquote></p><p> Batteries and fuel cells are the most critical components for the production of EVs and General Motors is investing in battery technology through a joint venture with LG Energy Solution to secure supply in a tight market. To this end, General Motors is building two new battery cell manufacturing plants which are expected to be operational by mid-decade. Two more battery manufacturing plants are currently under construction in Tennessee and Ohio. Due to higher investments in battery technology, battery prices have fallen significantly over the last decade. Battery prices hit an all-time low of $137 per-kilowatt-hour in 2020, marking a low point in a decade-long trend, which helps EVs become more competitive regarding pricing. According to Bloomberg New Energy Finance, due to falling battery prices, electric vehicles could cost the same as gas-powered vehicles by 2023.</p><p><blockquote>电池和燃料电池是生产电动汽车最关键的部件，通用汽车正在通过与LG Energy Solution的合资企业投资电池技术，以确保紧张市场的供应。为此，通用汽车正在建设两家新的电池制造工厂，预计将于本世纪中期投入运营。目前，田纳西州和俄亥俄州还有两家电池制造厂正在建设中。由于对电池技术的投资增加，电池价格在过去十年中大幅下降。2020年，电池价格创下每千瓦时137美元的历史新低，标志着十年来趋势的低点，这有助于电动汽车在定价方面更具竞争力。据彭博新能源财经报道，由于电池价格下降，到2023年，电动汽车的成本可能与汽油动力汽车持平。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8506975eab53d6f0b828aca8cdbdcb2\" tg-width=\"800\" tg-height=\"600\" width=\"100%\" height=\"auto\"><span>Source: Bloomberg New Energy Finance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：彭博新能源财经</span></p></blockquote></p><p></p><p> With the EV market set to experience strong growth over the next decade, legacy auto companies that evolve and endorse the EV opportunity are poised to reap rich rewards. General Motors’ EV revenue opportunity costs a P-E ratio of 7.03, which is similar to Ford's P-E ratio of 6.75. EV makers that produce only electric vehicles typically sell for high sales multiplier factors, including Tesla (TSLA). General Motors, Ford and Tesla have market-capitalization-to-sales ratios of 0.46, 0.33 and 10.89. As General Motors moves closer to a 100% EV global sales share, the stock can revalue higher.</p><p><blockquote>随着电动汽车市场在未来十年将会迎来强劲增长，那些不断演变和认可电动汽车机遇的传统汽车公司将准备收获丰厚的回报。通用汽车的EV收入机会成本的市盈率为7.03，这与福特6.75的市盈率相似。仅生产电动汽车的电动汽车制造商通常以较高的销售乘数系数进行销售，其中包括特斯拉（TSLA）。通用、福特和特斯拉的市值与销售额之比分别为0.46、0.33和10.89。随着通用汽车电动汽车全球销量份额接近100%，该股可能会升值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/608e7d7eace2046ca47923be6d2a3cbd\" tg-width=\"903\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b>Risks with General Motors</b></p><p><blockquote><b>通用汽车的风险</b></blockquote></p><p> The chip supply shortage, which hampers production of EVs and non-EVs, is a short-term risk for General Motors. The supply crunch will continue in the second half of the year and poses a risk to the stock. Longer term, the biggest risk for General Motors is to miss out on the electric vehicle opportunity and accelerating EV adoption in the US. General Motors is set to bring new EV products to market in FY 2022 and the investment plan worth $35B is big enough to address this risk in a timely manner.</p><p><blockquote>芯片供应短缺阻碍了电动汽车和非电动汽车的生产，是通用汽车面临的短期风险。供应紧缩将在下半年持续，并对该股构成风险。从长远来看，通用汽车面临的最大风险是错过电动汽车机会并加速电动汽车在美国的采用。通用汽车计划在2022财年将新的电动汽车产品推向市场，价值350亿美元的投资计划足以及时应对这一风险。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> General Motors has committed to an all-electric future. The electrification plan is bold and it is exactly what is needed for the market to get excited about General Motors’ long-term prospects in a growing US EV market. The low P-E ratio implies deep value!</p><p><blockquote>通用汽车致力于全电动的未来。电气化计划是大胆的，这正是市场对通用汽车在不断增长的美国电动汽车市场的长期前景感到兴奋所需要的。低市盈率意味着深度价值！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453707-general-motors-rising-ev-player-deeply-undervalued\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://seekingalpha.com/article/4453707-general-motors-rising-ev-player-deeply-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178562582","content_text":"Summary\n\nGeneral Motors is going to spend $35B on its electrification plan by 2025 and strives to become an all-electric car brand by 2035.\nGeneral Motors wants to launch thirty new EV models by 2025.\nAccelerating EV adoption in the US and investments in battery technology could pay big rewards for General Motors as electric vehicles become more affordable.\n\nMario Tama/Getty Images News\nGeneral Motors (GM) is investing heavily in its electric vehicle transformation. High EV ambitions, an improving electric vehicle lineup and investments in battery technology are setting the car brand, and the stock, up for strong gains in the future.\nWhy General Motors is a long-term buy\nGeneral Motors has committed to an all-electric future and its EV goals are one of the most aspirational in the legacy-auto industry. General Motors detailed its ambition to invest $20B into its electric and autonomous vehicle transformation before the pandemic, but the car brand said in 2021 that it now wants to invest $35B into its electrification from 2020 to 2025. General Motors also wants to sell 1 million electric vehicles globally by 2025. Since the firm sold just a little more than 200,000 electric vehicles in 2020, General Motors is set to boost EV sales by the factor of five over the next five years. The EV transformation implies that General Motors will get rid of gasoline-powered passenger models by 2035 altogether.\nElectric and autonomous vehicles represent big growth opportunities for American car brands. Ford Motor (F) also committed $30B to its electrification plan in 2021, which boosted its original EV spending plan by $8B. Ford wants to generate 40% of global sales from electric vehicles by 2030. To rival General Motors’ EV plans, Ford would have to generate another 60% of sales from EVs within the following five-year period. So far, Ford has not communicated such a commitment.\nUnder General Motors’ $35B EV investment plan, the car brand wants to launch 30 new electric vehicles globally by 2025, with two-thirds of new EV models set to come to North America. New electric vehicles are set to include the Chevrolet Bolt EV, the GMC Hummer EV pickup truck, an all-electric Chevy Silverado pickup truck and the Cadillac LYRIQ, a crossover utility vehicle.\nTo make the purchase of electric vehicles more attractive and accelerate EV adoption in the US, General Motors and EVgo(NASDAQ:EVGO)agreed to build 2,700 new fast chargers until 2025 in a bid to expand the density of EVgo’s fast charging network. An increasing number of charge points could accelerate electric vehicle adoption in the US and set General Motors up for long-term growth in the EV market. The US market is still lagging behind other EV markets regarding adoption of zero-emission vehicles, but the build-out of charging station networks could change this in the future. Political attitudes regarding EVs are also changing and the Biden Administration is proposing to build500,000 publicly available EV charging stationsto get more zero-emission vehicles on the road. China and Europe have the world's highest EV adoption rates.\nSource: Pew Research\nBatteries and fuel cells are the most critical components for the production of EVs and General Motors is investing in battery technology through a joint venture with LG Energy Solution to secure supply in a tight market. To this end, General Motors is building two new battery cell manufacturing plants which are expected to be operational by mid-decade. Two more battery manufacturing plants are currently under construction in Tennessee and Ohio. Due to higher investments in battery technology, battery prices have fallen significantly over the last decade. Battery prices hit an all-time low of $137 per-kilowatt-hour in 2020, marking a low point in a decade-long trend, which helps EVs become more competitive regarding pricing. According to Bloomberg New Energy Finance, due to falling battery prices, electric vehicles could cost the same as gas-powered vehicles by 2023.\nSource: Bloomberg New Energy Finance\nWith the EV market set to experience strong growth over the next decade, legacy auto companies that evolve and endorse the EV opportunity are poised to reap rich rewards. General Motors’ EV revenue opportunity costs a P-E ratio of 7.03, which is similar to Ford's P-E ratio of 6.75. EV makers that produce only electric vehicles typically sell for high sales multiplier factors, including Tesla (TSLA). General Motors, Ford and Tesla have market-capitalization-to-sales ratios of 0.46, 0.33 and 10.89. As General Motors moves closer to a 100% EV global sales share, the stock can revalue higher.\nSource: Author\nRisks with General Motors\nThe chip supply shortage, which hampers production of EVs and non-EVs, is a short-term risk for General Motors. The supply crunch will continue in the second half of the year and poses a risk to the stock. Longer term, the biggest risk for General Motors is to miss out on the electric vehicle opportunity and accelerating EV adoption in the US. General Motors is set to bring new EV products to market in FY 2022 and the investment plan worth $35B is big enough to address this risk in a timely manner.\nFinal thoughts\nGeneral Motors has committed to an all-electric future. The electrification plan is bold and it is exactly what is needed for the market to get excited about General Motors’ long-term prospects in a growing US EV market. The low P-E ratio implies deep value!","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":664,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/817599073"}
精彩评论