オプションチェーンは、Nissan Motor Coの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Nissan Motor Coの市場センチメントを評価します。.

Nissan Motor Co (OTC:NSANY) 株価情報, オプションチェーン

Nissan Motor Co

NISSAN MTR SPON AD

While Nissan sold 3.4 million vehicles last fiscal year, total calendar 2023 Renault-Nissan-Mitsubishi alliance sales volume of 6.4 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 11.2 million, Volkswagen at 9.2 million, and Hyundai/Kia with 7.3 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Under a new alliance agreement, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company. Renault holds the remaining stake in Nissan through a French trust where the voting rights of such shares are "neutralized" for "most decisions" but retain the economic benefit.

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NSANY

Nissan Motor Co (OTC:NSANY)は米国での電気自動車の流行を考慮して、製造項目を調整した。2つの電気自動車製造を停止する一方で、EVラインナップを5台に拡大する方針を取っています。

日産　米国での電気自動車製造方針を決定

NISSAN MOTOR LTD S/ADR by Nissan Motor Co., Ltd.

Nissan Motor Co Ltd

Stock prices of European automakers including Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) and Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) stocks dropped Friday after some plug-in hybrid electric vehicles (PHEVs) lost access to <a href="https://www.benzinga.com/electric-vehicles" target="_blank" rel="noreferrer noopener">US tax credits</a> under President Joe Biden&#8216;s Inflation Reduction Act effective this week.
President-elect Donald Trump attacked Biden&#8217;s pro-EV initiatives and threatened tariffs on foreign-made cars, which Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) chief and key Trump ally Elon Musk supported.
Musk also expressed opposition to every government subsidy, including those for <a href="https://www.benzinga.com/25/01/42759653/cybertruck-all-wheel-drive-now-eligible-for-7500-ev-tax-credit" target="_blank" rel="noreferrer noopener">EVs, oil and gas</a>. Meanwhile, Tesla Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck now qualifies for $7,500 electric vehicle consumer tax credits
Also Read: <a href="https://www.benzinga.com/25/01/42772915/li-auto-rerated-on-new-model-pipeline-and-autonomous-driving-advances-analyst" target="_blank" rel="noreferrer noopener">Goldman Sachs Sees Strong Upside In Li Auto on New Model Pipeline and Autonomous Driving Advances</a>
Volkswagen&#8217;s ID.4 electric crossover sport utility vehicle (SUV) lost its entire tax credit, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-01-03/stellantis-volkswagen-drop-after-losing-us-electric-car-subsidy?srnd=phx-industries&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> the Department of Energy and Environmental Protection Agency.
Nissan Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANF#OTC">NSANF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) and Stellantis models also lost access to U.S. tax credits.
Currently, 18 EV and plug-in hybrid models qualify for a credit, compared to 22 in 2024.
Volkswagen has long grappled in the U.S. with its Scout line of battery-powered sport utility vehicles as growth tapered in Europe and rivalry amplified in China. VWAGY stock plunged 28% in the last 12 months.
Stellantis stock plunged 41% in the last twelve months due to product delays and overblown inventories in the U.S. Its passenger-car production in Italy&nbsp;slipped 46%&nbsp;in 2024 as models like the electric Fiat 500 failed to gain traction.
Analysts expect U.S. new-car sales in 2024&nbsp;to surpass <a target="_blank" href="https://www.benzinga.com/news/25/01/42782741/ahead-of-tesla-stellantis-reporting-final-sales-numbers-analysts-predict-new-car-sales-in-2024-expected-to-h" rel="noreferrer noopener">15.8 million units</a> backed by inventories and incentives. The expect EV sales in the U.S. to reach 1.3 million as consumers rush to avail tax credits before potential changes under the new government.
Price Action: Stellantis stock is down 2.03% at $12.52 premarket at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42725756/xiaomi-evs-to-access-charging-networks-of-nio-xpeng-and-li-auto" target="_blank" rel="noreferrer noopener">Xiaomi Expands EV Charging Options, Partners with NIO, XPeng, and Li Auto for Greater Network Access</a></li>
</ul>
Image: Shutterstock

Government

Regulations

Media

NSANF

STLA

TSLA

VWAGY

Stellantis, Volkswagen Stocks Tumble As US EV Tax Credits Disappear

Honda&nbsp;Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)&nbsp;CEO Toshihiro Mibe reportedly found it difficult to <a href="https://www.benzinga.com/24/12/42642773/honda-nissan-start-merger-talks">explain why its merger</a> with Nissan&nbsp;Motor Co. Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) is justified.
What Happened:&nbsp;Mibe encountered a challenging moment when asked to explain the reasoning behind a possible merger with&nbsp;Nissan.
When asked why the Honda-Nissan merger makes business sense, Mibe hesitated before replying, &#8220;That&#8217;s a difficult one,&#8221; which drew laughter from the journalists present, according <a href="https://insideevs.com/news/745625/honda-nissan-merger-struggling-reason/">to</a> a report by InsideEVs.
The merger discussions have generated both curiosity and skepticism worldwide, with many questioning the strategic advantages for the two automakers.&nbsp;Honda&nbsp;is grappling with challenges in the electric vehicle sector, particularly after its partnership with&nbsp;General Motors&nbsp;ended.
Despite the doubts,&nbsp;Julie Boote,&nbsp;an auto analyst with Pelham&nbsp;Smithers Associates, <a href="https://www.bloomberg.com/news/articles/2024-12-26/for-honda-a-nissan-rescue-comes-with-only-a-thin-silver-lining">told</a>&nbsp;Bloomberg&nbsp;that&nbsp;Honda&nbsp;must collaborate with another company to boost its EV and software capabilities.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42680075/tesla-exec-says-we-will-be-ready-to-efficiently-produce-autonomous-vehicles-as-shanghai-megafactory-nears-completion?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Exec Says &#8216;We Will Be Ready&#8217; To Efficiently Produce Autonomous Vehicles As Shanghai Megafactory Nears Completion</a>
Former&nbsp;Nissan&nbsp;CEO&nbsp;Carlos Ghosn&nbsp;criticized the merger, stating,&nbsp;"That means you're putting control&nbsp;above performance," according <a href="https://www.bloomberg.com/news/articles/2024-12-20/ghosn-says-honda-deal-talks-indicate-nissan-is-in-panic-mode">to</a> a Bloomberg report.
Why It Matters: Honda and Nissan are <a href="https://www.benzinga.com/24/12/42642773/honda-nissan-start-merger-talks">planning to create a joint holding company</a>, which will be listed on the Tokyo Stock Exchange by August 2026. This move could potentially lead to the delisting of both&nbsp;Honda&nbsp;and&nbsp;Nissan.
Earlier reports&nbsp;highlighted that the <a href="https://www.benzinga.com/news/global/24/12/42541842/japanese-auto-giants-nissan-honda-eye-merger-says-nikkei">merger could involve&nbsp;Mitsubishi Motors</a>, where&nbsp;Nissan&nbsp;holds a 24% stake.
If successful, the combined entity could achieve annual sales exceeding eight million vehicles, positioning it among the world&#8217;s largest automakers, though still trailing behind&nbsp;Toyota Motor Corp.&nbsp;and&nbsp;Volkswagen AG.
Following the merger talks,&nbsp;Nissan&#8216;s <a href="https://www.benzinga.com/markets/asia/24/12/42545185/nissan-soar-over-20-on-merger-talks-with-honda-eyeing-8-million-annual-vehicle-sales">stock surged over 20%</a>, while&nbsp;Honda&#8216;s stock saw a slight decline.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42677803/tesla-cybertrucks-popularity-threatens-ford-f-150-lightning-sales-shows-data?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Cybertruck&#8217;s Popularity Threatens Ford F-150 Lightning Sales, Shows Data</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

Honda CEO Struggles To Justify Potential Nissan Merger: 'That's A Difficult One'

<a href="https://asia.nikkei.com/Business/Business-deals/Honda-Nissan-talks-on-merger-ratio-may-start-at-5-to-1-Nikkei-analysis" title="https://asia.nikkei.com/Business/Business-deals/Honda-Nissan-talks-on-merger-ratio-may-start-at-5-to-1-Nikkei-analysis">https://asia.nikkei.com/Business/Business-deals/Honda-Nissan-talks-on-merger-ratio-may-start-at-5-to-1-Nikkei-analysis</a>

'Honda-Nissan talks on merger ratio may start at 5-to-1: Nikkei analysis' - Nikkei

Amid the global shift towards electric vehicles,&nbsp;Andy Palmer, often referred to as the &#8220;godfather of EVs,&#8221; has issued a cautionary note to automakers. He warns against prioritizing hybrid vehicles over fully electric models, a strategy he believes could leave them lagging behind Chinese competitors.
What Happened: Palmer, a former&nbsp;Aston Martin&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMGDF#OTC">AMGDF</a>) CEO and&nbsp;Nissan&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) executive, highlighted the rapid advancements made by Chinese automakers like&nbsp;BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>)&nbsp;in the electric vehicle market. These companies have gained significant ground domestically by offering cost-effective and technologically advanced vehicles. 
&#8220;The Chinese cars are bloody good. The Chinese vehicles offer remarkable value for money for what they deliver,&#8221; Palmer said<a href="https://www.businessinsider.com/godfather-of-evs-explains-why-china-is-winning-ev-race-2024-12"> to</a> Business Insider.
Palmer pointed out that Chinese brands excel in battery technology and software, providing exceptional value.
Palmer attributed China&#8217;s success in the EV sector to its strategic industrial policies, which have seen the government invest over $230 billion in subsidies since 2009. During his time at&nbsp;Dongfeng Motor Company, a joint venture with Nissan, he witnessed China&#8217;s aggressive EV strategy firsthand.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42642606/elon-musk-wants-to-raise-a-tesla-fleet-expert-estimates-vehicle-owners-can-make-40kyear-but-remains-doubtful?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Analyst Estimates Vehicle Owners Can Make $40,000 A Year By Renting EVs To Robotaxi Fleet That Elon&nbsp;Musk Likened To A Combination Of Airbnb And Uber, But Will It Take Off?</a>
In response to China&#8217;s rise, the U.S. and Europe have implemented tariffs to protect their industries. However, Palmer argued that such tariffs could stifle Western competitiveness.
&#8220;My experience with tariffs is it just makes your indigenous industry lazy. The gap becomes even bigger,&#8221; he said.
He urged automakers to prepare for fierce competition with Chinese firms, especially in Europe, where companies like BYD and Xpeng are expanding.
Why It Matters: The global electric vehicle landscape is rapidly evolving, with China leading the charge. According to a&nbsp;<a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">repo</a>r<a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">t</a>&nbsp;from September, <a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">50% of new car sales</a> in China are electric, compared to just 10% in the U.S. This disparity highlights the impact of protectionist policies, such as the Biden administration&#8217;s recent tariffs on Chinese goods, including a 100% tax on electric vehicles.
In November, China escalated its trade dispute with the European Union by<a href="https://www.benzinga.com/news/24/11/41754367/china-escalates-trade-dispute-lodges-complaint-with-wto-over-european-ev-tariffs"> lodging a formal complaint</a> with the World Trade Organization over the EU&#8217;s tariffs on Chinese-made EVs. The EU&#8217;s decision to impose tariffs of up to 35% on Chinese EVs was seen as a response to perceived unfair business practices.
Meanwhile, BYD expects it would surpass Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in <a href="https://www.benzinga.com/markets/equities/24/07/39617169/byd-set-to-surpass-tesla-in-bev-sales-by-2024-as-china-leads-global-market-growth-report">BEV sales by 2024,</a> fueled by a 21% increase in EV sales and strong market projections in China.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42667044/teslas-valuation-could-exceed-all-transport-companies-but-spacex-ceo-elon-musk?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Valuation Could Exceed All Transport Companies But SpaceX, Says CEO Elon Musk, But Notes It Will Take A &#8216;Lot Of Work And Good Ideas&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

AMGDF

BYDDY

'Godfather Of EVs' Warns Against Hybrid Focus As China Leads EV Race: 'Tariffs Just Make Indigenous Industry Lazy'

Honda Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNDAF#OTC">HNDAF</a>) shares soared nearly 13.55% in Tokyo trading on Tuesday, marking their biggest one-day gain since 2008, after the Japanese automaker announced a massive share buyback plan and <a href="https://www.benzinga.com/24/12/42642773/honda-nissan-start-merger-talks">confirmed merger discussions</a> with Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>).
While Honda shares jumped on the Tokyo exchange to 1,452 Japanese yen, Nissan stock declined marginally by 0.22% to 449 Japanese yen in Tuesday trading. U.S.-listed Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) traded higher on Monday, closing at $26.93, up 12.72% for the day. In after-hours trading, the stock rose by an additional 2.94%.
Honda plans to repurchase up to 1.1 trillion yen ($7 billion) worth of shares, representing about 24% of its outstanding stock, by December 2025. The buyback significantly exceeds its previous November plan to acquire 100 billion yen in shares.
The two Japanese auto giants confirmed they have entered formal negotiations to merge operations, which could create the world&#8217;s third-largest automaker by sales volume. 
The companies expect to conclude merger discussions by June 2025. Mitsubishi Motors Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MMTOF#OTC">MMTOF</a>), Nissan&#8217;s existing strategic partner, has until January to decide whether to join the combined entity.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42664887/apples-near-term-success-will-be-driven-by-strong-holiday-season-iphone-16-says-dan-ives-analyst-sees-stock-hitting-300-cupertino-hitting-4-trillion-marketcap">Apple&#8217;s Near Term Success Will Be Driven By Strong Holiday Season, iPhone 16, Says Dan Ives — Analyst Sees Stock Hitting $300, Cupertino Hitting $4 Trillion Marketcap</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Equities

Markets

HNDAF

MMTOF

Honda Stock Surges Nearly 14% On Buyback, Merger Talks With Nissan

Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and Nissan Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) confirmed their merger plans at a joint press conference on Monday and said they aim for a <a href="https://www.benzinga.com/24/12/42642773/honda-nissan-start-merger-talks">completion date of August 2026</a>. 
If successful, the merger would create the world's third-largest automobile group based on global sales volume. 
What To Know: The automakers plan to establish a new holding company, with Honda to appoint most of the board members and president of the new company. 
"We have confirmed again that our business integration will bring about synergy in all areas and that the impact of this will be greater than expected," Honda President Toshihiro Mibe said, per the <a href="https://japannews.yomiuri.co.jp/business/companies/20241223-229370/">Japan News</a>.  "We aim to set a direction by the end of January," he added.  
Read Next: <a href="https://www.benzinga.com/general/social-media/24/12/42598651/mystery-drone-sightings-all-over-the-country-trump-says-what-to-know-about-investigations-lawmakers-reactions">&#8216;Mystery Drone&#8217; Sightings Spark Investigations, Politicians Respond: &#8216;Shoot Them Down,&#8217; Trump Says</a>
The companies are considering including Mitsubishi Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MMTOF#OTC">MMTOF</a>) in the new consolidated company. Nissan is Mitsubishi's largest shareholder with a 24% stake in the company, and its president was present at Monday's joint press conference. 
Why It Matters: Tokyo-based Honda could prove to be a lifeline for Nissan, which has struggled with declining vehicle sales in the U.S. and globally. 
The automakers have already developed a partnership developing next-gen electric vehicle platforms. 
The merger would also allow both companies to pool resources and reduce development costs in the face of increasing competition from Chinese automakers, including BYD, NIO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). 
&#8220;Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing," Honda Director and Representative Executive Officer Toshihiro Mibe said.&nbsp;
Nissan, based in Yokohama, Japan, has seen it sales in China drop, with 2023 sales reduced to nearly half of its 2019 sales volumes which counted for 1 in 3 of Nissan&#8217;s global sales at the time. 
"These Nissan-Honda merger discussions, coupled with the recent challenges at Stellantis and production cutbacks in Europe, all point to a single, stark reality: a new force has emerged in the automotive sector, and legacy automakers need to be acutely aware of the competitive threat," said Moody's Michael Brisson said referring to the Chinese <a href="https://finance.yahoo.com/news/nissan-honda-merger-talks-not-a-shocker-given-the-stark-reality-of-the-auto-business-172947911.html">automakers</a>, per Yahoo Finance.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42564443/santa-came-early-with-rate-cut-but-federal-reserve-brings-coal-next-year-experts-weigh-in-on-rate-cut-feds-2025-projections">&#8216;Santa Came Early&#8217; But Fed Brings &#8216;Coal Next Year&#8217;: Experts Weigh In On Interest Rate Cut, 2025 Projections</a></li>
</ul>
Image: Shutterstock

Movers

Honda, Nissan Confirm Merger Plans To Offset Chinese EV Competition: How Mitsubishi Factors In

Shares of General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) are little changed Monday despite news that rivals Honda Motor Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and Nissan Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) <a href="https://www.benzinga.com/24/12/42642773/honda-nissan-start-merger-talks">are discussing a merger</a>. 
This would create the world's third-largest automaker.
It is not clear how this would affect the long-term prospects of GM. But in the short term, the recent downtrend may be over. The stage may be set for a rally. This is why we have made it our <a href="https://www.benzinga.com/topic/stock-of-the-day">Stock of the Day</a>.
Some analysts believe that markets are efficient and stocks follow a ‘random walk'. They are wrong. If the markets were random, all price levels would have equal importance. Clearly, that's not the case in the markets.
As you can see on the chart below, the $50.00 level has been important for GM since August. It was well-defined resistance and now it has converted into a support level.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23105205/15-1-1024x562.png" alt="" class="wp-image-704471" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23105205/15-1-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23105205/15-1-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23105205/15-1-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23105205/15-1.png 1489w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
From a traditional fundamental analysis point of view, there is no reason why a stock should turn when it reaches a round level like GM did. But from a technical analysis perspective, the reason why is clear. It is because of investor and trader psychology.
Read Also: <a href="https://www.benzinga.com/24/12/42553394/chargepoint-inks-pact-with-general-motors-eyes-installing-ultra-fast-charging-ports-at-key-locations">ChargePoint Inks Pact With General Motors &#8211; Eyes Installing Ultra-fast Charging Ports At Key Locations</a>
People like to place orders at nice round levels, and that is what happened here.
In addition, there is support at the $50.00 level because it had been resistance. In the financial markets support forming at levels that were previously resistance is a common occurrence. It also is because of investor and trader psychology.
It is due to ‘seller's remorse'.
When the $50.00 resistance was broken and the price moved higher, a number of the people who sold shares at the resistance decided that the decision to sell was a mistake. Some vowed to buy their shares back if they can do so at the same price they were sold at.
As a result, when the stock fell back to $50.00, they placed buy orders. The large concentration of these orders formed support.
Some of these buyers may become concerned others will be willing to pay higher prices and they know this is who the sellers will go to. So, they may increase the prices they are willing to pay. Others will see this and may do the same.
It could result in a bidding war or snowball effect that forces GM into a new uptrend.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42647650/palantir-vs-lockheed-a-tech-fueled-showdown-in-the-850-billion-defense-market">Palantir Vs. Lockheed: A Tech-Fueled Showdown In The $850 Billion Defense Market</a></li>
</ul>
Image: Shutterstock

Technicals

Trading Ideas

Stock Of The Day: Is The General Motors Downtrend Over?

Shares of Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) rose sharply in today's pre-market trading after the company announced it has entered into a definitive agreement for a strategic <a href="https://www.benzinga.com/24/12/42634166/rumble-stock-soars-on-775-million-investment-from-tether-what-to-know">investment of $775 million from Tether</a>.
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.
Rumble shares jumped 43.3% to $10.31 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) gained 234% to $4.01 in pre-market trading.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) gained 88.6% to $3.32 in pre-market trading. Phio Pharmaceuticals, last week, announced a $1.15 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) climbed 82.3% to $0.4334 in pre-market trading after surging 63% on Friday. Edible Garden recently announced it experienced a 51% year-over-year increase in its preliminary Thanksgiving period sales.</li>
<li>JIADE Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) gained 60.9% to $0.8530 in pre-market trading. JIADE received Nasdaq notification letter regarding minimum bid price deficiency.</li>
<li>American Battery Technology Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) rose 44.1% to $1.60 in pre-market trading. On Friday, American Battery Technology priced its $5 million registered direct offering of 5 million shares at $1.00 per share.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) gained 30.9% to $3.60 in pre-market trading after jumping more than 36% on Friday.</li>
<li>Brenmiller Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) rose 28.8% to $0.9700 in pre-market trading after the company was awarded ISO/IEC 27001:2022 certification.</li>
<li>Honda Motor Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) gained 18% to $28.19 in pre-market trading. Honda Motor and Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) have started talks for a potential merger.</li>
<li>Kodiak Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOD#NASDAQ">KOD</a>) rose 14.9% to $9.94 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) shares tumbled 28.9% to $0.0531 in pre-market trading after jumping 14% on Friday. Conduit Pharmaceuticals recently announced it entered an agreement with Sarborg to leverage AI and its cybernetics platform to evaluate key deliverables across multiple areas of operations.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) declined 25.7% to $0.6759 in pre-market trading after jumping around 101% on Friday.</li>
<li>Onfolio Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) fell 24.4% to $1.21 in pre-market trading. Onfolio Holdings announced a quarterly preferred stock cash dividend of 75 cents per share.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares fell 24.3% to $0.6703 in pre-market trading after declining 9% on Friday.</li>
<li>ConnectM Technology Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares dipped 20% to $0.83 in pre-market trading after falling 8% on Friday. ConnectM Technology Solutions, last week, announced a year-over-year increase in third-quarter revenue results.</li>
<li>TPI Composites, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) fell 19.2% to $1.94 in today's pre-market trading after jumping 97% on Friday.</li>
<li>Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) dipped 17.8% to $0.2293 in pre-market trading after jumping 64% on Friday. Aptose Biosciences, last week, announced it was granted an extension to provide compliance evidence for a continued Nasdaq listing.</li>
<li>Core Laboratories Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) fell 11% to $15.00 in pre-market trading.</li>
<li>Astria Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXS#NASDAQ">ATXS</a>) shares fell 10.8% to $8.53 in pre-market trading.</li>
<li>SIGA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGA#NASDAQ">SIGA</a>) fell 8.5% to $5.41 in pre-market trading.</li>
</ul>
Now Read This: &lt;a href=&#8221;https://www.benzinga.com/news/earnings/24/04/38307448/investor-sentiment-decreases-further-s-p-500-falls-for-fourth-straight-session&#8221;&gt;&lt;em&gt; Investor Sentiment Decreases Further, S&amp;P 500 Falls For Fourth Straight Session&lt;/em&gt;&lt;/a&gt;

Earnings

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BNRG

CNTM

EDBL

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ONFO

PHIO

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SIGA

TPIC

Why Rumble Shares Are Trading Higher By Around 43%; Here Are 20 Stocks Moving Premarket

Japanese automakers Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) have started talks for a <a href="https://www.benzinga.com/news/global/24/12/42541842/japanese-auto-giants-nissan-honda-eye-merger-says-nikkei">potential merger</a>, the two companies said on Monday.
What Happened: Nissan and Honda are planning to establish a joint holding company that will serve as the parent company for both Nissan and Honda. 
The joint holding parent company will be listed on the Tokyo Stock Exchange and Nissan and Honda will subsequently be delisted. The listing of the joint holding company is scheduled for August 2026.
The two companies aim to wrap up talks by June 2025. 
With the merger, the companies aim to increase sales revenue to more than 30 trillion Japanese Yen (approx. $191.34 billion) and to increase operating profits by more than 3 trillion yen.
Why It Matters: "Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing,&#8221;&nbsp;Honda Director and Representative Executive Officer Toshihiro Mibe said. 
&#8220;We are still at the stage of starting our review, and we have not decided on a business integration yet&#8230;,&#8221; he added. 
Mitsubishi Motors is also <a href="https://www.benzinga.com/markets/asia/24/12/42545185/nissan-soar-over-20-on-merger-talks-with-honda-eyeing-8-million-annual-vehicle-sales">considering joining the merger</a>, the companies said, while adding that the smaller company is aiming to conclude whether it will participate by the end of January.
Nissan is a shareholder in Mitsubishi Motors.
The integration of the companies will mark the biggest merger in global auto history since Fiat Chrysler Automobiles and PSA <a href="https://www.benzinga.com/m-a/21/01/18991944/worlds-4th-largest-automaker-set-to-take-shape-monday">merged in 2021 to create</a> Stellantis NV.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

Japanese Automakers Honda, Nissan Start Merger Talks: Mitsubishi Motors Considers Joining

Honda Motor Co., Ltd. ("Honda") and Nissan Motor Co., Ltd., ("Nissan"; Honda and Nissan are collectively referred to as the "Companies") have agreed to begin discussions and consideration toward a business integration (the "Business Integration") and have resolved at the boards of directors of each of the Companies to sign a memorandum of understanding regarding the consideration of the Business Integration, which has been duly executed
&nbsp;
<a href="https://global.honda/en/investors/library/filings/filings2024122301/main/0/link/CY2024_20241223_TSEfling_e_1_v1.pdf" title="https://global.honda/en/investors/library/filings/filings2024122301/main/0/link/CY2024_20241223_TSEfling_e_1_v1.pdf">https://global.honda/en/investors/library/filings/filings2024122301/main/0/link/CY2024_20241223_TSEfling_e_1_v1.pdf</a>

Honda, Nissan Earlier Announced Talks On Potential Business Integration; Honda, Nissan: Plan to Sign Definitive Merger Agreement in June 2025

<a href="https://asia.nikkei.com/Business/Automobiles/Honda-Nissan-merger-talks-to-start-as-early-as-next-week" title="https://asia.nikkei.com/Business/Automobiles/Honda-Nissan-merger-talks-to-start-as-early-as-next-week">https://asia.nikkei.com/Business/Automobiles/Honda-Nissan-merger-talks-to-start-as-early-as-next-week</a>

'Honda And Nissan Set To Begin Merger Talks As Early As Next Week' - Nikkei Asia

"As announced in March and August of this year, the Company, Nissan and MMC combine the strengths of each company and are considering various possibilities for future collaboration, but no decisions have been made."
"If there are any updates, the Company will inform all stakeholders at the appropriate time," the company said.

Honda Says Media Reports That Company, Nissan And Mitsubishi Motors Will Begin Discussions Of Business Integration Are Not Based On Company Announcement

Nissan Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>)&nbsp; shares surged 22.54% in Tokyo on Wednesday <a href="https://www.benzinga.com/news/global/24/12/42541842/japanese-auto-giants-nissan-honda-eye-merger-says-nikkei">after the reports of merger talks</a> with Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>). Honda&#8217;s stock is trading down 2%.
According to the report, the two automakers are exploring a merger under a holding company structure, with plans to include Mitsubishi Motors Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MMTOF#OTC">MMTOF</a>), where Nissan holds a 24% stake. A memorandum of understanding is expected soon. Mitsubishi Motor shares were seen trading over 13% higher in Tokyo at the time of writing.
If finalized, the combined Nissan-Honda-Mitsubishi group could achieve annual sales exceeding 8 million vehicles, making it one of the world's largest automakers. However, it would still trail Japan&#8217;s Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), with 11.2 million sales in 2023, and Germany's Volkswagen AG at 9.2 million.
Year-to-date, Nissan shares have fallen 28.3% trading at 412 Japanese Yen ($2.68), while Honda is trading at 1,270 Japanese Yen ($8.27), down 15.7%. Meanwhile, Mitsubishi Motor stock is up 1.49% this year trading at 463 Japanese Yen ($3.01).
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nissan Stock Soar Over 20% On Merger Talks With Honda, Mitsubishi Spikes

Japanese automakers Nissan Motor Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) and Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) are reportedly negotiating a merger, <a href="https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition">first revealed by the Nikkei newspaper Tuesday</a>, aiming to consolidate under a holding company and include Mitsubishi Motors.
What To Know: Per Nikkei, the combined Nissan-Honda-Mitsubishi group could account for over eight million annual vehicle sales, positioning it among the largest automakers but trailing Toyota Motor's <a href="https://www.statista.com/statistics/267274/worldwide-vehicle-sales-of-toyota-since-2007/">11.2 million</a> and Volkswagen's <a href="https://www.statista.com/statistics/272049/worldwide-vehicle-sales-of-volkswagen-since-2006/">9.2 million</a>.
Per a report by <a href="https://www.cnbc.com/2024/12/17/japans-honda-and-nissan-to-reportedly-begin-merger-talks.html">CNBC</a>, Nissan and Honda earlier declined to confirm the report, stating they are exploring collaborative opportunities without final decisions. Earlier this year, the firms partnered on shared components and software, potentially paving the way for integration.
The merger talks come as Nissan grapples with ongoing challenges, including weak profitability and recovering from a tumultuous period marked by the fallout from former Chairman Carlos Ghosn's ouster in 2018. 
The company has also been under pressure to expand its electric vehicle offerings to compete with Tesla and Chinese rivals.
The response was positive, with Honda's U.S.-traded shares rising 0.96% to $25.26 and Nissan's over-the-counter shares jumping 11.46% to $5.11 at market close on Tuesday.
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</ul>
Photo: Courtesy of Nissan

Japanese Auto Giants Nissan, Honda Eye Merger, Says Nikkei

Rumors

Nissan Says If There Are Any Updates On A Potential Collaboration With Honda, We Will Inform Our Stakeholders At The Appropriate Time

Nissan Says Content Of A Report Referring To Potential Merger Talks With Honda Is Not Something That Has Been Announced By Either Companies

WIIM

Nissan shares are trading higher following a Nikkei report indicating the company and Honda will begin merger talks.

<a href="https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition" title="https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition">https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition</a>
<a href="https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition" title="https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition">https://asia.nikkei.com/Business/Automobiles/Honda-and-Nissan-to-begin-merger-talks-amid-EV-competition</a>

'Honda and Nissan to begin merger talks amid EV competition' - Nikkei

With all eyes on Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and its third quarter earnings that are scheduled for release after the bell, General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) made quite an earnings appearance this week, smashing estimates and hiking its earnings guidance for the third time this year, fueled by the strength of trucks and crossovers in the U.S. market.
The unquestioned king of pickup trucks Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is due to report it result on October 28th. But while General Motors continued to expand its EV lineup, Ford has been turning to hybrids to deal with mounting EV losses.
The last but not least of the Big Three in the U.S., Stellantis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>), might have started with layoffs earlier in October, which are part of its broader cost cuts, but this week, it revealed its plans to launch an EV fleet with game changing technology.&nbsp;
Everyone is adapting differently to the evolving automotive landscape.
Stellantis to launch EV fleet fitted with factorial solid-state batteries
By 2026, Stellantis will be launching a demonstration fleet of EVs fitted with solid-state batteries from U.S. startup Factorial. This battery technology reduces fire risk and enables automakers to make lighter and lower-cost EVs while improving their range on a single charge.&nbsp;By integrating Factorial&#39;s innovative battery solution into the STLA Large platform, Stellantis is validating its potential to enhance its EV lineup, improving the experience for its EV buyers. Batteries will be fitted in a fleet of all-new Dodge Charger Daytona vehicles, with the STLA Large platforms also supporting large-sized models of other group brands, such as Jeep, Chrysler, Alfa Romeo and Maserati.&nbsp;
Meanwhile, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) continues to enhance the pickup experience with its innovative tonneau covers.
Established as an innovative&nbsp;U.S.-based manufacturer of hybrid and clean energy solutions for light trucks, Worksport&nbsp;just announced a targeted market release of its highly anticipated&nbsp;AL4 Premium Tonneau Cover has been scheduled for December 15th,&nbsp;with manufacturing of production-ready samples for testing and customer evaluation already in motion. With this launch, Worksports expects to further&nbsp;boost sales channels,&nbsp;improve profit margins, and enhance brand penetration considering that this is the&nbsp;highest-volume category of all hard tonneau covers in the&nbsp;$4 billion&nbsp;market. The initial offering will cover Ford Motor, Ram under the Stellantis umbrella and General Motors with Chevrolet and GMC brands, while the R&amp;D team works on developing variations to suit Toyota Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>), and Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>).
Worksport already disrupted the market with its solar-power duo: the tonneau cover SOLIS and the&nbsp;portable battery system COR that are currently in the Alpha release phase.&nbsp;These portable&nbsp;nano-grid systems&nbsp;are set to revolutionize off-grid power solutions, bringing the pickup experience to a whole new level. In September, Worksport reported successful lab results of level 1 Tesla charging with the COR energy system, more precisely of the Model 3. Therefore, Worksport addressed range anxiety that has also been troubling owners of the Tesla Cybertruck, while already nearing completion of product engineering for its solar-powered ecosystem to fit the first electric pickup that has hit the road, the R1T from Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>). In addition, Worksport also has an active partnership with Hyundai for the SOLIS that will also be available for General Motor and Ford pickups, among others.&nbsp;
Electric or powered by an internal combustion engine, pickups are as strong as it gets so no wonder their popularity is showing no signs of fading away even in the EV era that is changing the automotive industry for good.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Penny Stocks

RIVN

WKSP

The Power Of Pickups Shows No Signs Of Fading Away Even In The EV Era

Volkswagen's (OTCPK:VWAGY) chief marketing officer and head of product strategy for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis during a mandatory customs drug test. The test was conducted after Sengpieh's return from a vacation in Koh Samui, Thailand.
After routine test results revealed traces of marijuana in his system, Chinese authorities detained Sengpiehl for questioning, reportedly holding him for more than 10 days, <a href="https://www.wardsauto.com/volkswagen-group/volkswagen-official-deported-from-china-for-cannabis-use">writes</a> wardsauto. Per the reports, Chinese President Xi Jinping ordered his deportation.
The creator of VW's famous slogan "Das Auto," Sengpiehl played a crucial role in positioning the company's electric-vehicle business in a highly competitive Chinese market. He previously worked for top brands like Nissan (OTCPK:NSANY), DaimlerChrysler and Hyundai (OTCPK:HYMTF). 
Thailand decriminalized cannabis in 2022 and <a href="https://www.benzinga.com/markets/cannabis/24/04/38023610/heres-what-you-need-to-know-about-weed-legalization-in-germany-that-just-took-effect">Germany partially legalized it this past April</a>, However, in China, cannabis consumption is treated with zero tolerance.
Following the liberalization of cannabis laws in Thailand, tourists primarily from Asian countries like Japan, Malaysia, China and the Philippines are viewed as <a href="https://www.benzinga.com/markets/cannabis/24/07/39922637/thailand-will-not-re-criminalize-cannabis-prime-minister-agrees-to-regulate-industry-instead-wha">common as cannabis customers</a>. Singapore&#8217;s Central Narcotics Bureau announced plans to randomly test people returning from Thailand. China&#8217;s embassy in Thailand also cautioned Chinese tourists that consuming cannabis abroad could lead to penalties upon their return, as such actions are considered domestic violations.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/09/40832311/inside-the-thai-retreat-with-cannabis-infused-wellness-treatments-that-target-insomnia-and-more">Inside The Thai Retreat With Cannabis-Infused Wellness Treatments That Target Insomnia And More</a>
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<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">VW In China</h2>
Volkswagen is under pressure from local manufacturers like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), a publicly listed Chinese multinational manufacturing conglomerate. Last year, BYD overtook Volkswagen as China's best-selling car brand.
In September, Volkswagen partnered with the German start-up Revoltech GmbH to research and develop sustainable materials <a href="https://www.benzinga.com/markets/cannabis/24/09/40689578/volkswagen-considers-hemp-to-develop-sustainable-substitute-for-imitation-leather">based on industrial hemp.</a> These could be used as sustainable surface materials in Volkswagen models from 2028.
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</ul>
Price Action
Volkswagen shares closed Monday's market session 0.10% lower at $10.20 per share.
 Photo: Gyuszko-Photo on Shutterstock

Cannabis

Eurozone

BYDDF

HYMTF

Volkswagen Executive Deported From China After Positive Cannabis Test

There are some new concerns starting to emerge around the merger between Nissan ($NSANY) and Honda ($HMC), and not just those brought up by Carlos ...

M&A News: Nissan (OTHEROTC:NSANY) Plunges on Merger Concerns

Nissan (NSANY) Group announced total U.S. fourth quarter sales of 222,484 units, an increase of 10.3% versus the prior year. "The increase is due t...

Nissan reports Q4 U.S. sales up 10.3% to 222,484 units

Nissan Group reports total U.S. sales up 2.8% to 924,008 units in 2024

U.S. auto: GM and Ford gained market share in 2024, while Stellantis and Tesla slipped

Rivian: Don't Let The Short-Lived Hype Fool You

EV Company News For The Month Of December 2024

Honda Motor Co. ($HMC) has announced plans to build two new electric vehicles (EVs) at a multibillion-dollar manufacturing complex in the U.S. Hond...

Honda (HMC) to Build New Electric Vehicles in the U.S.

Honda And Nissan's $58 Billion Merger Warrants Cautionary Approach From Investors

As the automotive industry undergoes a transformative shift, automotive companies with analyst price targets are capturing investor interest. Amid this backdrop, you might consider adding three automotive stocks, Honda Motor Co. (HMC), Li Auto (LI), and Garrett Motion (GTX), to your watchlist. Read more… Automotive companies are drawing significant investor attention. With the industry transitioning toward Electric Vehicles (EVs), autonomous driving, and connected car technologies, companies at the forefront of these innovations are expected to deliver substantial returns.
Given this backdrop, investors might consider looking into fundamentally sound automotive stocks such as Honda Motor Co., Ltd. (<a href="https://stocknews.com/stock/HMC/">HMC</a>), Li Auto Inc. (<a href="https://stocknews.com/stock/LI/">LI</a>), and Garrett Motion Inc. (<a href="https://stocknews.com/stock/GTX/">GTX</a>) for attractive analyst price targets.
Electric vehicle manufacturers remain a dominant force in the automotive market. Companies focusing on expanding EV production and infrastructure are experiencing heightened demand.
With governments worldwide offering incentives for EV adoption, automakers investing heavily in battery technology and green manufacturing processes are becoming investor favorites. In the third quarter of 2024, <a href="https://evinfo.net/2024/11/ev-sales-remain-strong-globally-forecasted-to-reach-10-in-us-by-2025/">an estimated 346,3091 EVs were sold in the United States</a>, a 5% increase from the second quarter.
Many legacy brands are rebranding themselves as <a href="https://madeoutside.com/the-evolution-of-legacy-brands-how-to-modernize-without-losing-your-roots/">tech-driven enterprises, introducing hybrid and fully electric model</a>s. These companies benefit from existing manufacturing expertise and global distribution networks, giving them an edge as they transition into the EV era.
Autonomous driving technology is another game-changer for the automotive industry. Companies developing advanced driver-assistance systems (ADAS) and full self-driving capabilities are securing partnerships and investments, redefining transportation that offers safer and more efficient travel options, which will likely drive long-term revenue growth.
According to <a href="https://www.statista.com/forecasts/311097/automotive-parts-accessories-and-tire-stores-revenue-in-the-us">Statista</a>, revenues from automotive parts, accessories, and tire stores in the United States are projected to reach $92.3 billion in 2024. The worldwide automotive industry market is anticipated to reach $6.86 trillion by 2033, <a href="https://www.sphericalinsights.com/reports/automotive-industry-market">exhibiting a CAGR of 6.8%</a>. With supply chain challenges gradually easing, automakers are ramping up production to meet demand.
Given this landscape, let's delve deeper into the fundamentals of the above-mentioned stocks:
Honda Motor Co., Ltd. (<a href="https://stocknews.com/stock/HMC/">HMC</a>)
Headquartered in Tokyo, Japan, HMC develops, manufactures, and distributes motorcycles, automobiles, power, and other products internationally. The company operates through four segments: Motorcycle Business; Automobile Business; Financial Services Business; and Power Product and Other Businesses. 
On December 23, HMC and Nissan Motor Co., Ltd. (<a href="https://stocknews.com/stock/NSANY/">NSANY</a>) together signed a Memorandum of Understanding (MOU) for a business integration through the establishment of a joint holding company. This MOU is aimed to enhance and integrate their respective management resources amid the market changes and
On the same day, HMC announced that GAC Honda Automobile Co., Ltd. (GAC Honda), a Honda automobile production and sales joint venture, has begun operation for new energy vehicle (NEV) production in its newly-constructed plant in China, named the Development District NEV Factory.
HMC's sales revenue for the first half, which ended on September 30, 2024, amounted to ¥10.79 trillion ($68.49 billion), up 12.4% year-over-year. Its <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> grew 6.6% from the year-ago value to ¥742.61 billion ($4.59 billion). Moreover, the company's profit attributable to the owners of the parent came in at ¥494.68 billion ($3.14 billion), and EPS attributable stood at ¥103.25.
Analysts expect HMC's revenue and EPS for the current year (ending March 2025) to be $135.68 billion and $1.38, respectively. For the fiscal year ending March 2026, its revenue and EPS are likely to grow marginally and by 5.1% year-over-year to $136.46 billion and $1.45.
Shares of HMC have surged 9.7% over the past month to close the last trading session at $28.37. The 12-month median price target is $41.83, equating to a 47.4% potential upside.
HMC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HMC has a B grade for Value, Stability, and Quality. It is ranked #11 out of 51 stocks in the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry. <a href="https://stocknews.com/stock/HMC/">Click here</a> to see the other HMC ratings for Growth, Momentum, and Sentiment.
Li Auto Inc. (<a href="https://stocknews.com/stock/LI/">LI</a>)
Based in Beijing, China, LI operates in the energy vehicle market, designing, developing, manufacturing, and selling premium smart electric vehicles. The company produces premium smart MPVs and SUVs, providing a range of services, including sales, after-sales management, technology development, and corporate management through various distribution channels. 
On December 1, 2024, LI reported an 18.8% year-over-year increase in vehicle deliveries for November 2024, reaching 48,740 units, with cumulative deliveries totaling 1,075,359 by the end of the month.
During the fiscal third quarter, which ended September 30, LI's total revenues rose 23.6% year-over-year to $6.11 billion. Its gross profit grew 20.7% from the prior-year quarter to $1.31 billion. The company posted income from operations of $489.15 million, reflecting an increase of 46.7% year-over-year. Also, its non-GAAP net income attributable amounted to $547.87 million and $0.26 per share, up 10.6% and 10.4% from the year-ago period, respectively.
Street expects LI's revenue for the fiscal first quarter (ending March 2025) to increase 49.6% year-over-year to $5.30 billion. Its EPS for the same period is expected to register a marginal growth from the prior year, settling at $0.17. In addition, it surpassed the consensus revenue and EPS estimates in three of the trailing four quarters, which is promising.
Over the past six months, the stock has gained 33.8%, closing the last trading session at $25.32. Analysts see an average target price of $29.90, indicating an 18.1% change from the last price.
LI's fundamentals are reflected in its POWR Ratings. The stock has a B grade for Sentiment and Quality. It is ranked #21 out of 51 stocks in the Auto &amp; Vehicle Manufacturers industry.
Beyond what is stated above, we've also rated LI for Growth, Value, Momentum, and Stability. Get all LI's ratings <a href="https://stocknews.com/stock/LI/">here</a>.
Garrett Motion Inc. (<a href="https://stocknews.com/stock/GTX/">GTX</a>)
Headquartered in Rolle, Switzerland, GTX is an automotive technology company that designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide.
On October 17, GTX announced that it had signed a Letter of Intent (LoI) with China National Heavy Duty Truck Group Co., Ltd. to enhance cooperation in advanced technologies for electric commercial vehicles. In this alliance, the projects aim to jointly develop and produce leading next-generation E-powertrain trucks and also to expand the adoption of zero-emission technologies in the commercial vehicle market in China.
In the same month, GTX announced the establishment of a new zero-emission innovation center in Wuhan, China. The new establishment will be used to advance GTX's research into cutting-edge zero-emission technologies and focus on high-speed E-Powertrain systems. This should also help strengthen GTX's innovation footprint in China's market.
In the fiscal third quarter that ended on September 30, 2024, GTX's net sales amounted to $826 million. The company's EPS came in at $$0.24, up 4.3% year-over-year. As of September 30, 2024, GTX's total current assets reached $1.14 billion, with total assets amounting to $2.16 billion as of September 30, 2024.
The consensus revenue estimate of $3.62 billion for the fiscal year 2025 (ending December 2025) represents a 3.1% increase year-over-year. The consensus EPS estimate of $1.29 for the same period indicates a 19% improvement year-over-year.
The stock has gained 8.8% over the past three months to close the last trading session at $9.05. Analysts see an average target price is $12, indicating a 32.6% change from the last price.
GTX's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Quality and a B for Value and Stability. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, it is ranked #7 out of 59 stocks. <a href="https://stocknews.com/stock/GTX/">Click here</a> to see GTX's ratings for Growth, Momentum, and Sentiment.
What To Do Next?
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<hr />
HMC shares were trading at $28.81 per share on Friday afternoon, up $0.44 (+1.55%). Year-to-date, HMC has declined -3.86%, versus a 26.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/hmc-li-gtx-nsany-3-automotive-companies-with-attractive-analyst-price-targets/>3 Automotive Companies With Attractive Analyst Price Targets</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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