This OTC Automaker Stock Riding EV Momentum Has Better 1-year Returns Than Apple, Nio, and GM

This OTC Automaker Stock Riding EV Momentum Has Better 1-year Returns Than Apple, Nio, and GM
A logo of German carmaker Volkswagen is seen on a car parked on a street in Paris, France, on July 9, 2020. Christian Hartmann/Reuters
|Updated:

German automaker Volkswagen Group’s (VWAGY) over-the-counter stock has fetched far more handsome returns over the past year than U.S. tech giant Apple Inc. and Shanghai, China-based electric automaker Nio Inc.

Just as rival legacy automakers, Volkswagen is dedicating billions of dollars and setting a tighter deadline to switch to a fully electric vehicle portfolio. Volkswagen in November last year said it would spend $86 billion by 2025 towards electrification under a new plan.