Forget EVs: These 3 Stocks Are a Better Way to Play the Auto Recovery

The auto industry has had a rough go of it over the past few years. After a mini-recession resulting from the U.S.-China trade war sent auto sales down 1.4% last year, the COVID-19 pandemic put a big dent in sales this year as people quarantined and couldn’t get to dealerships.

Yet as people continue to avoid public transportation or ride-hailing companies, Americans appear to be turning to owning their own cars again, either used or new. After April auto sales were basically cut in half from pre-COVID February levels, auto sales have experienced a bounceback and have nearly recovered back to pre-COVID levels as of August.

Nevertheless, many automakers still face significant challenges, especially as the world turns to electric vehicles at an accelerating pace. That’s why the best way to play a recovery in autos may not be the automakers themselves, but rather these high-tech suppliers.

A car viewed from directly above, with automated safety andbraking system animations around it.

Image source: Getty

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GAC Group Demonstrating its global competitiveness as it brings the latest technology to the Beijing Auto Show

In Bejing, GAC Group showcased a new power technology: “Mega Wave Power”, creating a new generation of powertrain products with more power, more agile response and lower fuel consumption. After 12 years of R&D, the “Mega Wave Power” has pioneered a complete power product architecture. The fourth generation 2.0ATK engine was independently certified to have achieved 42.10% thermal efficiency, beating current gasoline engine benchmarks in the world. Based on this platform,GAC is planning to launch several new models to bring new energy-saving mobility solutions to consumers.

GAC Group’s convertible coupe ENPULSE’s debut at the auto show was highly anticipated. Designed at the GAC R&D Center, Silicon Valley, this fully electric sports car combines aerodynamic design and a sporty flair painted with a new “electric light-emitting” paint to achieve synergy between interior and exterior design. In addition, AR-HUD technology has been incorporated, creatively creating a gaming experience while

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These New Auto Safety Features Will Surprise You

Your car knows more than you think. Like when you’re about to rear-end the vehicle in front of you. Or when you’re close to colliding with another car in the parking lot. Or when you’re too tired to drive.

Yes, too tired.

On a recent road trip, my Volvo XC-90 calmly informed me I was too fatigued to continue driving. It even suggested a hotel where I could stop for the night. How thoughtful.

The Volvo features are part of a suite of advanced driver assistance systems (ADAS) — and they have legions of fans. Zach Shefska, also an XC-90 driver, is among them. ADAS has saved his hide a time or two.

“There were times when I simply did not see another car while making a

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Chinese automakers show off concept sportscars, amid auto market slump

GAC unveiled its electric sports car prototype on Sept. 26, 2020, at the Beijing auto show.

Evelyn Cheng | CNBC

BEIJING — Some of the flashiest items Chinese companies had on display at the first major auto show since the coronavirus pandemic were concept sports cars.

While vehicle sales for state-owned Guangzhou Automobile Group (GAC) fell 9.87% from a year ago in the first eight months of 2020, following a decline of nearly 4% last year, the company has been developing an electric sports car called “Enpulse.”

The company revealed the glimmering metallic vehicle to media on Saturday at the Beijing auto show, which was delayed by five months due to the outbreak of Covid-19. 

The convertible electric sports vehicle features a yellow interior with striped pink sections, evoking a rainbow. The car was developed by GAC’s global design team, particularly designers from the company’s Los Angeles office, according to

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Tokio Marine Indonesia Implements Shift Technology To Fight Auto Insurance Fraud

Shift’s Force Fraud Detection Solution to Support Insurer’s Overall Fraud Fighting Initiatives

PARIS and BOSTON, Sept. 29, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that PT Asuransi Tokio Marine Indonesia (“Tokio Marine Indonesia”) has deployed Shift Technology’s Force fraud detection solution. As a result, the technology will become a crucial element in the insurance carrier’s overarching fraud prevention strategy.   

Shift Technology (PRNewsfoto/Shift Technology)
Shift Technology (PRNewsfoto/Shift Technology)

Tokio Marine Indonesia is one of the largest general insurers in the country. Guided by its core mission “To be a Good Company” and driven by values that put customer satisfaction as a main priority, the insurer was seeking a solution that could serve a dual purpose and not only spot suspicious claims, but also help give claims professionals more confidence in rapidly processing legitimate claims. Utilising this technology benefits the

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Kia Motors reveals new K5 and Carnival at Auto China 2020

  • All-new K5 sedan combines striking new styling with driver-focused interior

  • Fourth-generation Carnival offers unrivalled space and comfort

  • Kia reveals new models as part of new brand direction in China

  • Interactive exhibits highlight Kia’s focus on advanced R&D, cutting-edge technology and high-octane motorsport competition in China

SEOUL, South Korea and BEIJING, Sept. 26, 2020 /PRNewswire/ — Dongfeng Yueda Kia Motors Co. (DYK) is welcoming the start of a new era for the brand with the Chinese-market debut of the new Kia K5 and Kia Carnival at Auto China 2020 in Beijing.

Group Photo with Kia Carnival MPV
Group Photo with Kia Carnival MPV

Kia’s presence at the show highlights the wealth of research and development that has gone into the brand’s products, which aim to attract a young, trend-setting audience. This is matched by a highly experiential Auto China exhibition, allowing visitors to interact and engage with Kia’s latest vehicles and technologies.

“At Auto China

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Auto China 2020: GWM Rebranded as Global Mobility Technology Company to Empower Intelligent Safety Experience

BEIJING, Sept. 26, 2020 /PRNewswire/ —  GWM (601633.SS/02333.HK), a leading automobile company in China, has formally announced to transform into a global mobility technology company. GWM has initiated a raft of major strategy upgrade including corporate culture, products, technology and marketing. At Auto China 2020, GWM reveals a refreshed image with new product lineup beefing up with leading new tech, including new models from NEV brand ORA, the HAVAL Dagou, the third generation of legendary HAVAL H6, F&L, POER pickup, HAVAL H9 and HAVAL F7&F7X, to face the future and compete in the global markets.

“This year is the turning point for HAVAL to usher in a new era. HAVAL moves forward to ‘the No.1 professional SUV brand in the world’, with the trust of 6 million users around the world. HAVAL H6 won 87 monthly sales crowns among all competitors in the SUV segment in China,”

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Auto China 2020: GWM Rebranded as Global Mobility Technology Company to Empower Intelligent Safety Experience | News

BEIJING, Sept. 26, 2020 /PRNewswire/ —  GWM (601633.SS/02333.HK), a leading automobile company in China, has formally announced to transform into a global mobility technology company. GWM has initiated a raft of major strategy upgrade including corporate culture, products, technology and marketing. At Auto China 2020, GWM reveals a refreshed image with new product lineup beefing up with leading new tech, including new models from NEV brand ORA, the HAVAL Dagou, the third generation of legendary HAVAL H6, F&L, POER pickup, HAVAL H9 and HAVAL F7&F7X, to face the future and compete in the global markets.

“This year is the turning point for HAVAL to usher in a new era. HAVAL moves forward to ‘the No.1 professional SUV brand in the world’, with the trust of 6 million users around the world. HAVAL H6 won 87 monthly sales crowns among all competitors in the SUV segment in China,”

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China opens auto show under anti-disease controls

Ford, Nissan and BMW have unveiled new electric models for the Chinese market as the Beijing auto show opened under anti-virus controls that included holding news conferences by international video link

Auto China 2020, postponed from March, is the first major trade show for any industry since the pandemic began. The ruling Communist Party’s decision to go ahead with it reflects official confidence China, where the pandemic began in December, has the disease under

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Mobileye signs driver-assistance deal with Geely, one of China’s largest privately held auto makers

Mobileye’s computer vision technology will be used in a new premium electric vehicle called Zero Concept from Geely Auto Group, one of China’s largest privately held automobile manufacturers. Mobileye’s owner Intel made the announcement today at the Beijing Auto Show. Zero Concept is produced by Lynk & Co., the brand formed as a joint venture between Geely Auto and Volvo Car Group, and uses Mobileye’s SuperVision driving-assistance system.

Intel also announced that Mobileye and Geely Auto have signed a long-term, high-volume agreement for advanced driver-assistance systems that means more Geely Auto vehicles will be equipped with Mobileye’s computer vision technology.

In a post, Mobileye chief executive officer and Intel senior vice president Amnon Shashua wrote that the deal is the first time “Mobileye will be responsible for the full solution stack, including hardware and software, driving policy and control.”

He added “it also marks the first time that an OEM

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