U.S. Automobiles Strong Balance Sheet Stocks

Ayro

Market Cap: US$4.3m

Designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States.

Gentherm

Market Cap: US$1.1b

Designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally.

Modine Manufacturing

Market Cap: US$7.4b

Designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally.

Solid Power

Market Cap: US$873.8m

Develops solid-state battery technologies for the electric vehicles (EV) and other markets in the United States.

Lucid Group

Market Cap: US$7.2b

A technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems.

China Automotive Systems

Market Cap: US$123.7m

Through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China, the United States, and internationally.

Li Auto

Market Cap: US$25.2b

Operates in the energy vehicle market in the People’s Republic of China.

Mobileye Global

Market Cap: US$11.5b

Develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide.

Kandi Technologies Group

Market Cap: US$113.5m

Produces and sells electric off-road vehicles and associated parts in the People’s Republic of China, the United States, and internationally.

CDTi Advanced Materials

Market Cap: US$4.3m

Provides technology and solutions for the emission catalyst, industrial catalyst, and electrocatalyst markets in the United States and Europe.

Gentex

Market Cap: US$6.1b

Designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, China, Germany, Japan, Mexico, the Republic of Korea, and internationally.

Visteon

Market Cap: US$3.4b

An automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers.

XPEL

Market Cap: US$1.1b

Manufactures, installs, sells, and distributes protective films, coatings and related services.

Worksport

Market Cap: US$17.6m

Together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States.

Phoenix Motor

Market Cap: US$7.3m

Designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States.

Nu Ride

Market Cap: US$26.6m

Does not have significant operations.

Strattec Security

Market Cap: US$340.8m

Designs, develops, manufactures, and markets automotive security, access control, and user interface controls products and solutions under the VAST Automotive Group brand primarily in North America.

Lear

Market Cap: US$5.5b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

THOR Industries

Market Cap: US$5.8b

Designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, Canada, rest of Europe, and internationally.

Tesla

Market Cap: US$1.1t

Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.

Dorman Products

Market Cap: US$4.8b

Supplies replacement and upgrade parts for the motor vehicle aftermarket industry in the United States and internationally.

XPeng

Market Cap: US$19.2b

Designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People’s Republic of China.

WeRide

Market Cap: US$2.8b

Operates as a mover in the autonomous driving industry and a robotaxi company.

PHINIA

Market Cap: US$2.2b

Engages in the development, design, and manufacture of integrated components and systems.

BorgWarner

Market Cap: US$9.0b

Provides solutions for combustion, hybrid, and electric vehicles worldwide.

REE Automotive

Market Cap: US$19.8m

Operates as an automotive technology company in France, the United Kingdom, the United States, Germany, and internationally.

Empery Digital

Market Cap: US$1.0b

Designs, develops, and sells electric off road powersport vehicles in the United States.

Massimo Group

Market Cap: US$128.0m

Through its subsidiaries, manufactures and sells utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats in the United States.

LCI Industries

Market Cap: US$2.6b

Manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally.

Adient

Market Cap: US$2.0b

Engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks.

QuantumScape

Market Cap: US$5.3b

Focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications in the United States.

Harley-Davidson

Market Cap: US$3.3b

Manufactures and sells motorcycles in the United States and internationally.

Hesai Group

Market Cap: US$3.1b

Through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.

Stoneridge

Market Cap: US$229.4m

Designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, and agricultural vehicle markets in North America, South America, Europe, Mexico, China, and internationally.

Mingteng International

Market Cap: US$75.4m

Engages in the design, development, production, assembly, testing, repair, and after-sale service of automotive molds in the People’s Republic of China.

Sypris Solutions

Market Cap: US$44.9m

Engages in the provision of truck components, oil and gas and water pipeline components, and aerospace and defense electronics primarily in North America and Mexico.