Despite a robust growth outlook, the consumer electric vehicle (EV) industry seems to be getting overcrowded. Bloomberg estimates that by FY2022, there will be 500 different EV models available globally. The addressable market is certainly large, but for companies to be able to stand-out in the crowd, they will need to have a distinct differentiating factor. Niu Technologies (NIU), for example, is involved in the manufacturing and sales of electric scooters and has a global presence. Niu stock has surged by over 400% over the last year. Another name worth discussing from an investment perspective is Electrameccanica Vehicles (SOLO), a Canada-based, single-seat electric vehicle manufacturer.
https://www.tipranks.com/news/article/electrameccanica-differentiated-product-offering-in-the-electric-vehicle-industry