3 Top EV Stocks to Buy in September Amid Market Weakness
September's historical market weakness creates contrarian opportunities in the oversold EV sector. BYD, QuantumScape, and EVgo represent compelling buys as sentiment reaches extremes.
BYD's vertical integration strategy propelled it past Tesla as the world's top EV maker, with production scaling 10x since 2020. The Chinese automaker's in-house battery and chip manufacturing provides rare supply chain insulation.
Market fears appear overblown given the sector's long-term growth trajectory. Warren Buffett's maxim about fearful markets applies particularly to EV stocks trading at distressed valuations after the 2023 pullback.