This Swedish company makes parts for the popular electric car industry. Why stocks are still undervalued. | Barron's

2021-12-14 12:07:29 By : Mr. D Wang

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https://www.barrons.com/articles/this-swedish-company-makes-parts-for-the-hot-ev-sector-why-the-stock-is-still-undervalued-51633680000

Sweden's SKF, which produces parts for Tesla, NIO and other electric car manufacturers, is being dragged down along with other manufacturers in the industry because of concerns that delays in obtaining certain raw materials will affect manufacturing and product demand.

The company's (stock code: SKF.B.Sweden)-which designs and manufactures bearings, seals and lubrication systems for the mining, heavy industry, construction, agriculture and transportation industries-fell 16.1% to 205 SEK (approximately 23 USD) in the past six months.

Sweden's SKF, which produces parts for Tesla, NIO and other electric car manufacturers, is being dragged down along with other manufacturers in the industry because of concerns that delays in obtaining certain raw materials will affect manufacturing and product demand.

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