For the past year or so, the world has been gripped by a shortage of semiconductor chips. Extremely crucial components in a wide variety of industries, these chips are needed for everything from smartphones and laptops to washing machines and cars. As such, several industries have been disrupted by the chip shortage, resulting in halted production and reduced sales as manufacturers wait for the global supply of chips to bounce back. The electric vehicle (“EV”) industry, which was just starting to pick up steam when the coronavirus pandemic exacerbated the shortage, has not been spared.
But curiously, despite reduced vehicle sales, EV stocks have been on the rise. Most industries would see their stock prices drop if sales were disrupted for entire months, but the nascent electric vehicle sector has reacted differently, with stock prices skyrocketing amid reduced sales. Why are EV stock prices on the rise even though&
NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. (NASDAQ: IDEX) are available in the company’s newsroom at https://ibn.fm/IDEX
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenCarStocks.com
Green Car Stocks is part of the InvestorBrandNetwork.