For Immediate Release
Chicago, IL – July 16, 2021 – Today, Zacks Equity Research discusses Foreign Autos including Toyota Motor Corporation TM, Daimler AG DDAIF, CNH Industrial N.V. CNHI and XPeng Inc. XPEV.
The prospects of Zacks Automotive – Foreign industry look bleak as the market is reeling under semiconductor supply shortfall. Various auto biggies across the globe are battling chip deficit, which is hindering their business operations and forcing them to idle production lines. Rising infections of delta variant in various key markets are adding to the woes.
Meanwhile, the electric vehicle (EV) market is growing prolifically, with advanced technology being leveraged more than ever before. Industry participants like Toyota Motor, Daimler, CNH Industrial and XPeng are poised to fend off broader headwinds and witness long-term benefits amid rising EV popularity.
About the Industry
Companies in the Zacks Automotive – Foreign industry are involved in