The Zacks Analyst Blog Highlights Renault, Stellantis, Volkswagen, BMWAG and BYD

For Immediate ReleaseChicago, IL – October 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Renault RNLSY, Stellantis STLA, Volkswagen VWAGY, BMWAG BMWYY and BYD Co Ltd BYDDY.Here are highlights from Tuesday’s Analyst Blog:Paris Auto Show 2024: EV Showdown Between European, Chinese BrandsThe 2024 Paris Auto Show, the largest automotive event in Europe, kicked off yesterday and will run until Oct. 20. With over 50 European and global premieres, this year's show will focus on the electric vehicle (EV) revolution as major automakers showcase their latest models. The event also highlights the growing competition between European and Chinese manufacturers, each vying for dominance in the EV market.European Auto Majors Claim the LimelightEuropean automakers are focused on countering the rising influence of Chinese automakers, who have been making aggressive moves to enter the European market with affordable, technologically advanced models.Among the European brands leading this charge is Renault, which has come out strong by unveiling the Renault 4 E-Tech, a retro-styled, all-electric crossover that's expected to cost less than €35,000. This model, following the Renault 5 hatchback, is designed to appeal to a broader audience, boasting two battery pack options (40- or 52-kilowatt-hours) and motors that offer up to 150 horsepower.Renault's lineup at the show also includes the Alpine A390 Beta concept, an electric fastback that's set to compete with luxury models like the Porsche Macan and Tesla Model Y. Renault will unveil the all-electric Twingo E-Tech, set for 2026 with prices under €20,000. Other concepts include the Embleme crossover, featuring a dual fuel-cell battery-electric drivetrain, the Estafette electric van and the retro-inspired R17 coupe.Citroën, owned by Stellantis, is also making waves with the debut of the second-generation C5 Aircross, a concept built for aerodynamic efficiency. Citroën is focusing on a range of drivetrains, offering battery-electric, hybrid and traditional combustion engine options in this model. Meanwhile, its stand will also display updated versions of the C4 and the quirky, fully electric Ami. Citroën will also debut the new C3 Aircross, a small crossover based on Stellantis' Smart Car platform, offering a rare seven-seat option for its class. STLA's Peugeot will debut an electric 408 coupe-style crossover alongside long-range versions of the 3008 and 5008 crossovers.Volkswagen is presenting the seven-seater Tayron SUV, which will replace Tiguan Allspace in Europe. Tayron highlights Volkswagen's commitment to hybrid vehicles, with several plug-in hybrid options and a mild hybrid version. This model is expected to better compete with other hybrid crossovers, such as the Kia Sorento, and solidify Volkswagen's role in the hybrid segment. At the high end of the market, VWAGY's Audi is expected to debut the Q6 E-tron Sportback, a coupe-styled electric sedan, following the unveiling of the Q6 E-tron crossover earlier in the year. Audi will also display its A6 E-tron electric sedan and the new-generation Q5 midsize crossover. Volkswagen will showcase the Skoda Elroq electric SUV and the ID GTI concept, an EV version of the iconic Golf GTI.BMWAG arrives at the Paris Auto Show with a unique blend of affordability and performance. The German automaker is showcasing Chinese-made MINI models alongside high-performance versions, such as the five-door Aceman. BMW's future focus is highlighted by the introduction of the Vision Neue Klasse X, a concept SUV promising 30% faster charging and an impressive range of up to 800 kilometers on a single charge.Chinese Rivals Make Their Mark Amid Trade TensionsTensions between the European Union and Chinese automakers are running high. The European Union recently approved import tariffs of up to 45% on Chinese-made EVs, claiming that China's subsidies give its manufacturers an unfair advantage. The move has not only been met with pushback from Chinese automakers but has also intensified the competitive atmosphere at this year's show.While European brands aim to defend their turf, Chinese automakers are ramping up their efforts to penetrate the European market. Nine Chinese brands, including BYD Co Ltd, XPeng, GAC and Leapmotor, have a strong presence at this year's event. BYD, one of the largest Chinese automakers, is presenting the Sea Lion 7, its most technologically advanced model for Europe. This full-electric SUV is set to compete with higher-end European offerings.Similarly, GAC is introducing the second-generation Aion V, an electric crossover boasting an impressive range of 750 kilometers. Leapmotor, Stellantis' Chinese partner, will debut the B10 compact electric crossover, the first model in its B-series, featuring cutting-edge smart technology. Meanwhile, XPeng, in partnership with Volkswagen, will introduce the P7+ sedan, a longer version of its €50,000 P7, competing with BMW and Mercedes.General Motors and Ford Also Grace the ShowU.S. legacy automakers have also made a notable appearance at the Paris Auto Show. General Motors' Cadillac brand is showcasing Lyriq, a full-electric SUV aimed at positioning Cadillac as a high-performance, premium brand in Europe. Competing against luxury EVs like the Mercedes-Benz EQE and Audi Q8 E-tron, Lyriq aims to stand out with its bold design and American flair.Meanwhile, Ford is reviving a classic nameplate with the debut of Capri, an all-electric coupe-style crossover. Built on Volkswagen Group's MEB electric architecture, Capri promises a range of up to 627 kilometers, combining nostalgic design cues with modern electric performance.The Electric Mobility FutureThe 2024 Paris Auto Show comes at a critical moment for the global auto industry, as most European bigwigs have cut profit outlook lately amid an increasingly challenging market. European automakers are under pressure to not only meet consumer demand for affordable and efficient electric vehicles but also fend off increasing competition from Chinese brands. As the show unfolds, it's clear that the future of the automotive industry is electric, with both European and Chinese manufacturers fiercely competing for dominance in this space.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                      https://www.zacks.com                                                   Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RENAULT (RNLSY): Free Stock Analysis Report Volkswagen AG Unsponsored ADR (VWAGY): Free Stock Analysis Report Byd Co., Ltd. (BYDDY): Free Stock Analysis Report Stellantis N.V. (STLA): Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks