Edison Motors Stock

Edison Motors Stock Price and Symbol

What is Edison Motor’s stock price, and are they publicly traded? Investors cannot purchase Edison Motors because they are a private company. If you’ve been following the stock market, you’ll know by now that electric vehicles are the hottest stocks. In South Korea, the automotive industry has been dominated by larger companies like Hyundai and Kia. But in recent years, it has also been penetrated by foreign automakers, including EV makers like Tesla (NASDAQ: TSLA).  

Since Edison Motors is out of South Korea, you can’t buy their stock. They’re still a privately owned company. However, they’re an exciting one. Since you can’t buy their stock now, you can read all about the innovative stuff they do. It could influence other companies that are on the market.

Chart by TradingView

Electric vehicles are taking over the world, and South Korea is no different, with the Model 3 already being the top EV model in the country. Enter Edison Motors, a small electric vehicle maker primarily focused on electric buses. It’s currently the largest supplier of electric buses to Seoul, which is by far the country’s biggest city and capital.

The company was acquired in 2017 from TGM and has since grown aggressively in South Korea. While its electric commercial vehicles have already succeeded, Edison plans to expand into passenger cars and a list of other consumer-facing vehicles in 2022 and beyond. But is there an Edison Motors stock?

It’s a tricky question for companies that operate outside of the US. American investors are always interested in investing in international companies, especially in markets with the potential for high growth. Unfortunately, you cannot buy shares of Edison Motors stock right now on any American exchange. You can’t even buy shares of Edison Motors in Korea, either. As of now, Edison is a privately owned company. 

It will be okay if it makes a public debut in the future. Private companies looking to grow rapidly may look to the public markets to raise much-needed capital. Also, most world EV makers are competing in the public markets, which is another reason we could see Edison trading sooner rather than later. 

Edison Motors Stock Website

Kang Young Kwon

What makes a company appealing to investors? It all starts with having a charismatic, strong leader who allows you to buy into the dream. Think Elon Musk for Tesla or Jack Ma for AliBaba (NYSE: BABA) in China.

If you think Musk is engaging, wait until you meet the Chairman and CEO of Edison Motors, Kang Young Kwon. Kang built his company with one ultimate goal: overtaking Tesla Motors. 

Kang has been outspoken about being the world’s number-one electric vehicle company within a decade. It has helped him gain valuable private investors, contributing to Edison’s growth.

This also allowed the company to make a key acquisition, but more on that later! Kang started his career in television broadcasting for Korean channel KBS in 1985. He was a television producer and eventually, in 1999, moved on to create his own production company. 

From there, he started a waste disposal business that he sold to Anchor Equity in 2016 for approximately USD 102 million. With that money, Kang acquired the Chinese EV maker TGM in 2017, and thus, Edison Motors was born.

Like Musk, Kang turned to a legendary inventor to name his new company. While Musk chose Nikola Tesla, the father of modern electricity systems, Kang went with his US counterpart, Thomas Edison. There are a lot of parallels between the two CEOs, and while Kang may make it seem adversarial, it is clear he has a lot of respect for Musk and what he has accomplished. Maybe there will be an Edison Motor stock like a $TSLA one.

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Edison Motors Future Projects

Edison Motors established itself in the electric bus industry but is looking to expand to all types of electric vehicles. The segment that gets the most attention is the passenger vehicle market. However, the electrification of utility vehicles and public transportation is a massive global market that remains up for grabs.

Other notable companies holding market share in this sector include Warren Buffet-backed BYD, Volvo, and Tata Motors. Let’s look at some of Edison Motors’ other upcoming projects. And they are potentially helping an Edison Motor stock in the future.

This isn’t a future project but the basis of much of Edison’s technology. The Hankuk Fiber is a lightweight technology in its materials that has been in development for over 45 years. This material manufactures everything from buses, railway vehicles, aircraft, and military missiles. Kang firmly believes that Hankuk Fiber is the foundation for Edison’s entire electric vehicle fleet in the future. 

1. Electric Buses

Yes, I know I already mentioned its fleet of electric buses, but Edison has some major plans for these in the future. The company is building an onboard enterprise system based on big data analytics and cloud computing. This will allow these buses to use machine learning for charge efficiency and implement ID and security for drivers. Also, the long-term vision? You guessed it, autonomous buses! Edison is already developing self-driving buses that will utilize LiDar technology to reach 60 to 100 km/hour speeds. 

2. Electric Boats and Yachts

Here’s one industry we don’t hear much about: electric boats. Edison is designing passenger yachts between 33 ft and 165 ft long! This is an effort to reduce emissions from the global shipping industry in anticipation of high fuel costs in the future. If Edison can somehow design cargo ships and other long-haul ships with battery technology, it can revolutionize the industry. 

3. PAVs and Drones

Edison isn’t the first company to enter personal air vehicles or eVTOLs but wants to be the industry leader.

The company believes that the future of eCommerce and product delivery is drones. Drones have become very popular as of late.

Edison also believes it can build drones large enough to carry shipping containers. That’d be something. Maybe they’d give Amazon a run for their money with drone deliveries. Finally, by 2024, Edison plans its first series of five-passenger personal air vehicles. 

Tesla ($TSLA) TipRanks Stock Forecast Report 3/24

Edison Motors Stock Competitors

As we all know, the electric vehicle industry is becoming fiercely competitive. Every automaker in the world is developing some form of electric vehicle, so Edison certainly has its work cut out for it. Of course, this also includes its largest domestic rivals, Hyundai and Kia. If you are interested in investing in the electric vehicle sector, here are some stocks to keep on your radar!

1. Tesla (NASDAQ: TSLA)

No electric vehicle article is complete without mentioning the gold standard: Tesla. It is perhaps the most popular stock on the market right now and is one of only five companies in the world with a market cap of $1 trillion or more. Tesla recently shattered its previous records for quarterly and annual deliveries and is well on its way to delivering 1 million vehicles in 2022. It also opened two new GigaFactories in Austin, Texas, and Berlin, Germany, which should dramatically increase production capacity. The Tesla Model 3 is the best-selling electric vehicle in the world, including in Edison’s home market of South Korea. 

2. Nio (NYSE: NIO)

Often thought of as one of Tesla’s top competitors, Nio is an EV maker from China. It is considered a luxury electric vehicle and has revolutionized the industry. What is the most innovative thing that has come out of Nio? Battery Swap. Rather than forcing Nio drivers to line up and wait while their vehicle charges, for a small cost each month, they can drive to a Nio battery swap station and get a fully charged battery. Nio recently expanded into Europe through Norway’s EV market and will hit five more markets in 2022. 

3. BYD (OTC: BYDDY)

BYD is the market leader in China in terms of new energy vehicle sales. It is also one of the world’s largest electric utility vehicle makers. BYD made headlines when Warren Buffett invested in the company two years ago. In the works for BYD is a partnership with domestic rival Nio to bring a mass-market EV brand to China. On top of that, BYD is also partnering with Toyota on an electric vehicle project. 

4. Rivian (NASDAQ: RIVN)

A newcomer to the electric vehicle market and the public markets. Rivian has been criticized for having a market cap of $100 billion without any deliveries or revenue. What’s the deal with that? One of its largest investors is Amazon (NASDAQ: AMZN), which has a standing order of several hundred thousand last-mile delivery vans for its eCommerce network. Rivian is also in the market of producing passenger SUVs and electric trucks, which it hopes will hit the market in 2023. 

5. Lucid Group (NASDAQ: LCID)

Lucid, another luxury EV maker based in America, was a hot meme stock when it went public in July. The company has been mired in an SEC investigation into how it came public through a SPAC merger. Still, Lucid’s Air Dream sedan has received rave reviews and was named the MotorTrend Car of the Year for 2022. Lucid is also planning expansion to Europe, the Middle East, and China in the next few years. 

Final Thoughts: Edison Motors Stock

Few industries are more exciting to invest in than the electric vehicle industry. Innovative and aggressive companies like Edison Motors are why the global automotive industry sees a secular shift to electrification. Unfortunately for American investors, Edison Motors isn’t publicly traded. For now, there’s a long list of EV makers you can invest in to get exposure to the sector!

Frequently Asked Questions

Edison Motors is a privately owned company. They are a Canadian Clean Technology company.

Eric Little and Chance Barber own Edison Motors. They are a privately owned company.

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