<p>电动汽车（EV）市场既充满波动性又充满希望。供应链问题、利率压力以及激烈的全球竞争使许多电动汽车股票从高峰回落。但对于那些拥有长期投资视角的投资者来说，八月提供了一些相当吸引人的机会，可以以合理的估值购买一些热门股票。</p>
<p>目前有两个特别突出：<strong>蔚来汽车</strong>（NIO -2.50%）和 <strong>Rivian Automotive</strong>（RIVN -1.29%）。每家公司都面临各自的挑战，但也都有可信的增长故事，并有潜力回报那些能够耐心等待的投资者。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc2NTEvZXYtY2hhcmdpbmcucG5nJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc2NTEvZXYtY2hhcmdpbmcucG5nJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>蔚来汽车</h2>
<p>蔚来是中国的高端电动汽车先锋。虽然大多数电动汽车制造商希望向你出售汽车，但蔚来还希望为你提供充电服务。它的电池更换站让司机可以在比拿一杯拿铁更短的时间内将耗尽的电池包更换为充满电的电池包。在一个对续航里程极为关注的行业，这种便利性是难以忽视的。</p>
<p>蔚来目前的股价不到 5 美元，使其市值约为 100 亿美元，估值约为销售额的 1.06 倍（作为参考，<strong>特斯拉</strong> 的这一数字约为 11.5）。对于在全球最大电动汽车市场中国拥有真实市场份额的高端电动汽车品牌来说，这个估值相当便宜。过去 12 个月，其收入稳步增长，达到了约 94 亿美元。</p>
<p>问题在于，这种增长尚未转化为盈利。蔚来去年亏损约 33 亿美元，毛利率仍然顽固地维持在中个位数。同时，中国电动汽车市场竞争激烈，特斯拉和 <strong>比亚迪</strong> 主导着销量。</p>
<p>这迫使蔚来在保护其高端品牌形象与保持成本竞争力之间找到微妙的平衡。到目前为止，这意味着运营亏损和持续的现金消耗，总负债超过 130 亿美元，股本仅为 20 亿美元。</p>
<p>蔚来已扩展至欧洲，这令人兴奋，但这也带来了自身的问题：无论蔚来去哪里，都需要建立其电池更换站网络。这一内在问题意味着，尽管扩展到新市场可能对收入增长有利，但也会带来影响盈利能力的运营费用。</p>
<p>尽管如此，上周四的 8% 反弹——源于其大众市场 Onvo L90 SUV 的成功发布——提醒我们情绪变化的速度有多快。据报道，首批 10,000 辆的订单在短短三小时内售罄。管理层目标是在 2025 年底前实现调整后的盈利，并计划扩大利润率，构建电池更换和自动驾驶技术的基础设施护城河。对于相信电动汽车未来的投资者来说，今天不到 5 美元的价格可能是长期上涨前的低点。</p>
<h2>Rivian</h2>
<p>Rivian 制造电动卡车、SUV 和配送货车。想象一下坚固的设计、越野能力和户外品牌氛围。此外，它与 <strong>亚马逊</strong> 建立了关键合作关系，亚马逊正在推出 Rivian 制造的电动配送货车（目前大约有 25,000 辆在路上）。虽然最初亚马逊对 Rivian 拥有独家权利，但双方随后修改了合同，允许 Rivian 将其货车销售给其他公司。</p>
<p>短期内情况并不太顺利。在第二季度，交付量同比下降约 22%，降至 10,661 辆。</p>
<p>虽然这个数字乍一看可能令人担忧，但放缓可能是战略性的：Rivian 希望在 2026 年推出其低价 R2 SUV，旨在吸引更大客户群。这个时机也与 <strong>大众汽车</strong> 的新 10 亿美元投资相吻合，这将有助于开发新的电动汽车平台和软件。</p>
<p>在财务上，Rivian 正在改善，但仍处于亏损状态。它在第一季度实现了适度的毛利润，这是连续第二个季度，收入同比上升至 12.4 亿美元。</p>
<p>亏损仍然很重，季度自由现金流为负约 5.26 亿美元。不过，其 47 亿美元的现金储备和大众汽车的资金支持应该能为其在追求盈利的过程中提供一些喘息空间。</p>
<p>在今天的股价（约 12 到 13 美元）下，Rivian 的市销率（P/S）约为 2.6，远低于特斯拉。同时，如果它能成功推出 R2，保持亚马逊货车的运营，并优化成本结构，情绪可能会迅速朝着正确的方向转变。但仍然有很多未知因素，潜在投资者应该做好在平稳之前经历颠簸的准备。</p>
<h2>为什么这些电动汽车股票值得关注</h2>
<p>电动汽车市场将考验你的耐心，但这就是交易的一部分。蔚来和 Rivian 各自都有真实的优势，无论是蔚来的需求激增还是 Rivian 稳定的亚马逊货车供应链。</p>
<p>两者仍在寻找财务立足点，但它们目前的价格留有很大的上涨空间。如果它们能够实现下一阶段的增长，今天的买家可能会庆幸自己坚持了下来。</p>

蔚来-SW

蔚来汽车

<p>电动汽车（EV）市场波动性大，但为长期投资者提供了机会。两个突出的股票是蔚来汽车和 Rivian。蔚来汽车的估值约为 100 亿美元，尽管收入稳步增长，但在盈利能力方面面临挑战。其电池更换站在中国市场提供了竞争优势。Rivian 以电动卡车和面包车闻名，与亚马逊建立了合作关系，但交付量下降了 22%。然而，它的财务状况正在改善，拥有 47 亿美元的现金储备。这两家公司都有增长潜力，值得投资者考虑</p>

<p>The electric vehicle (EV) market is as volatile as it is promising. Supply chain hiccups, interest rate pressures, and intense global competition have seen many EV stocks tumbling from their peaks. But for investors with a long-term perspective, August is offering up some pretty compelling opportunities to pick up some popular names at reasonable valuations.</p>
<div class="lb-trans"><p>电动汽车（EV）市场既充满波动性又充满希望。供应链问题、利率压力以及激烈的全球竞争使许多电动汽车股票从高峰回落。但对于那些拥有长期投资视角的投资者来说，八月提供了一些相当吸引人的机会，可以以合理的估值购买一些热门股票。</p>
</div><p>Two in particular stand out right now: <strong>Nio</strong>(NIO -2.50%) and <strong>Rivian Automotive</strong>(RIVN -1.29%). Each faces its own headwinds but also carries a credible growth story and the potential to reward investors who can wait.</p>
<div class="lb-trans"><p>目前有两个特别突出：<strong>蔚来汽车</strong>（NIO -2.50%）和 <strong>Rivian Automotive</strong>（RIVN -1.29%）。每家公司都面临各自的挑战，但也都有可信的增长故事，并有潜力回报那些能够耐心等待的投资者。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc2NTEvZXYtY2hhcmdpbmcucG5nJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F827651%2Fev-charging.png&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Nio</h2>
<div class="lb-trans"><h2>蔚来汽车</h2>
</div><p>Nio is China's premium EV daredevil. While most EV makers want to sell you a car, Nio wants to refuel it for you, too. Its battery-swap stations let drivers trade a drained pack for a full one in less time than it takes to grab a latte. In an industry that obsesses over range, that kind of convenience is tough to ignore.</p>
<div class="lb-trans"><p>蔚来是中国的高端电动汽车先锋。虽然大多数电动汽车制造商希望向你出售汽车，但蔚来还希望为你提供充电服务。它的电池更换站让司机可以在比拿一杯拿铁更短的时间内将耗尽的电池包更换为充满电的电池包。在一个对续航里程极为关注的行业，这种便利性是难以忽视的。</p>
</div><p>Nio's current share price, less than $5, plants its market cap around $10 billion, valuing the company at about 1.06 times sales (for perspective, <strong>Tesla</strong>'s figure is about 11.5). That's pretty cheap for a premium EV brand with real market share in China, the world's largest EV market. Its revenue has grown steadily, reaching about $9.4 billion over the past 12 months.</p>
<div class="lb-trans"><p>蔚来目前的股价不到 5 美元，使其市值约为 100 亿美元，估值约为销售额的 1.06 倍（作为参考，<strong>特斯拉</strong> 的这一数字约为 11.5）。对于在全球最大电动汽车市场中国拥有真实市场份额的高端电动汽车品牌来说，这个估值相当便宜。过去 12 个月，其收入稳步增长，达到了约 94 亿美元。</p>
</div><p>The problem is that growth hasn't yet translated into profitability. Nio lost roughly $3.3 billion last year, and gross margins remain stubbornly in the mid single digits. Meanwhile, the Chinese EV market is cutthroat, with rivals Tesla and <strong>BYD</strong> dominating volume.</p>
<div class="lb-trans"><p>问题在于，这种增长尚未转化为盈利。蔚来去年亏损约 33 亿美元，毛利率仍然顽固地维持在中个位数。同时，中国电动汽车市场竞争激烈，特斯拉和 <strong>比亚迪</strong> 主导着销量。</p>
</div><p>That forces Nio into a tricky balance: trying to protect its brand as a premium choice while staying competitive on cost. So far that has meant operating losses and persistent cash burn, with over $13 billion in total liabilities and just $2 billion in equity.</p>
<div class="lb-trans"><p>这迫使蔚来在保护其高端品牌形象与保持成本竞争力之间找到微妙的平衡。到目前为止，这意味着运营亏损和持续的现金消耗，总负债超过 130 亿美元，股本仅为 20 亿美元。</p>
</div><p>Nio has expanded into Europe, which is exciting, but that comes with its own problem: Wherever Nio goes, it needs to build out its network of battery swapping stations. That intrinsic problem means that expansion into new markets, though potentially beneficial for top-line growth, also comes with operating expenses that will affect its profitability.</p>
<div class="lb-trans"><p>蔚来已扩展至欧洲，这令人兴奋，但这也带来了自身的问题：无论蔚来去哪里，都需要建立其电池更换站网络。这一内在问题意味着，尽管扩展到新市场可能对收入增长有利，但也会带来影响盈利能力的运营费用。</p>
</div><p>Still, last Thursday's 8% rally -- sparked by a blowout launch for its mass-market Onvo L90 SUV -- was a reminder of how quickly sentiment can turn. The first 10,000-unit batch reportedly sold out in just three hours. Management is aiming for adjusted profitability by late 2025 and plans to expand margins and build out its infrastructure moat in battery swaps and autonomous tech. For investors who believe in a future of EVs, today's sub-$5 price could be the low point before a long climb.</p>
<div class="lb-trans"><p>尽管如此，上周四的 8% 反弹——源于其大众市场 Onvo L90 SUV 的成功发布——提醒我们情绪变化的速度有多快。据报道，首批 10,000 辆的订单在短短三小时内售罄。管理层目标是在 2025 年底前实现调整后的盈利，并计划扩大利润率，构建电池更换和自动驾驶技术的基础设施护城河。对于相信电动汽车未来的投资者来说，今天不到 5 美元的价格可能是长期上涨前的低点。</p>
</div><h2>Rivian</h2>
<div class="lb-trans"><h2>Rivian</h2>
</div><p>Rivian makes electric trucks, SUVs, and delivery vans. Think rugged designs, off-road capability, and outdoorsy brand vibe. On top of that, it has a key partnership with <strong>Amazon</strong>, which is rolling out Rivian-built electric delivery vans (currently, about 25,000 of these bad boys are on the road). While originally, Amazon had exclusive rights to Rivian, both parties have since amended the contract, allowing Rivian to sell its vans to other companies.</p>
<div class="lb-trans"><p>Rivian 制造电动卡车、SUV 和配送货车。想象一下坚固的设计、越野能力和户外品牌氛围。此外，它与 <strong>亚马逊</strong> 建立了关键合作关系，亚马逊正在推出 Rivian 制造的电动配送货车（目前大约有 25,000 辆在路上）。虽然最初亚马逊对 Rivian 拥有独家权利，但双方随后修改了合同，允许 Rivian 将其货车销售给其他公司。</p>
</div><p>The near term hasn't been super smooth. In the second quarter, deliveries dropped about 22% year over year to 10,661 vehicles.</p>
<div class="lb-trans"><p>短期内情况并不太顺利。在第二季度，交付量同比下降约 22%，降至 10,661 辆。</p>
</div><p>While that number might seem concerning at first glance, the slowdown may be strategic: Rivian wants to bring its lower-priced R2 SUV to market in 2026, aiming to tap a much larger customer base. The timing also lines up with a fresh $1 billion investment from <strong>Volkswagen</strong>, which will help develop new EV platforms and software.</p>
<div class="lb-trans"><p>虽然这个数字乍一看可能令人担忧，但放缓可能是战略性的：Rivian 希望在 2026 年推出其低价 R2 SUV，旨在吸引更大客户群。这个时机也与 <strong>大众汽车</strong> 的新 10 亿美元投资相吻合，这将有助于开发新的电动汽车平台和软件。</p>
</div><p>Financially, Rivian is improving but still in the red. It posted a modest gross profit in the first quarter, its second in a row, and revenue edged higher year over year to $1.24 billion.</p>
<div class="lb-trans"><p>在财务上，Rivian 正在改善，但仍处于亏损状态。它在第一季度实现了适度的毛利润，这是连续第二个季度，收入同比上升至 12.4 亿美元。</p>
</div><p>Losses remain heavy, with negative free cash flow of about $526 million in the quarter. Still, its $4.7 billion cash pile and Volkswagen's funding should give it some breathing room while it works toward profitability.</p>
<div class="lb-trans"><p>亏损仍然很重，季度自由现金流为负约 5.26 亿美元。不过，其 47 亿美元的现金储备和大众汽车的资金支持应该能为其在追求盈利的过程中提供一些喘息空间。</p>
</div><p>At today's share price (about $12 to $13), Rivian's price-to-sales ratio (P/S) is about 2.6, far lower than Tesla's. At the same time, if it can nail the R2 launch, keep Amazon vans rolling, and tighten up its cost structure, sentiment could swing fast in the right direction. But there are still a lot of unknowns, and prospective investors should definitely expect a bumpy road before it starts to smooth out.</p>
<div class="lb-trans"><p>在今天的股价（约 12 到 13 美元）下，Rivian 的市销率（P/S）约为 2.6，远低于特斯拉。同时，如果它能成功推出 R2，保持亚马逊货车的运营，并优化成本结构，情绪可能会迅速朝着正确的方向转变。但仍然有很多未知因素，潜在投资者应该做好在平稳之前经历颠簸的准备。</p>
</div><h2>Why these EV stocks deserve a look</h2>
<div class="lb-trans"><h2>为什么这些电动汽车股票值得关注</h2>
</div><p>The EV market will test your patience, but that's part of the deal. Nio and Rivian each have something real going for them, whether its Nio's surge of demand or Rivian's steady Amazon van pipeline.</p>
<div class="lb-trans"><p>电动汽车市场将考验你的耐心，但这就是交易的一部分。蔚来和 Rivian 各自都有真实的优势，无论是蔚来的需求激增还是 Rivian 稳定的亚马逊货车供应链。</p>
</div><p>Both are still finding their financial footing, yet their current prices leave plenty of room for increases. If they can deliver on the next leg of growth, today's buyers could be glad they stayed buckled up.</p>
<div class="lb-trans"><p>两者仍在寻找财务立足点，但它们目前的价格留有很大的上涨空间。如果它们能够实现下一阶段的增长，今天的买家可能会庆幸自己坚持了下来。</p>
</div>

2 Top Electric Vehicle (EV) Stocks to Buy in August

- 电动车市场波动大，但 8 月为长期投资者提供了机会。  
- Nio 和 Rivian 各自面临挑战，但有增长潜力。  
- Nio 的股价低于 5 美元，Rivian 的股价在 12 至 13 美元之间。

8 月份值得购买的两只顶级电动汽车（EV）股票