The electric vehicle (EV) industry has been under extreme pressure due to its supply of raw materials being disrupted. EV stocks are trading well below their euphoric levels of 2021, which I view as a contrarian opportunity.
A segment of the EV industry that many investors seem to ignore is the electric bus and commercial vehicle segment, which is expected to grow significantly. The global electric bus market is forecast to grow to $37.1 billion by 2028.
To play this, investors might want to consider Microvast Holdings Inc (NASDAQ:MVST), a manufacturer of lithium-ion battery solutions for commercial and passenger EVs, energy storage, and consumer electronics.
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