10 Best EV Stocks to Buy Under $50

6. Stellantis N.V. (NYSE:STLA)

Share Price: $11.33

Number of Hedge Fund Holders: 32

Stellantis N.V. (NYSE:STLA) is a leading automotive manufacturing company with a portfolio of 14 iconic brands. These brands are Abarth, Alfa Romeo, Chrysler, Peugeot, Citroën, FIAT, Dodge, DS Automobiles, Opel, Jeep, Lancia, Maserati, Ram, and Vauxhall. The company has operations across more than 30 countries and serves customers in more than 130 markets globally. Stellantis N.V. (NYSE:STLA) offers a range of electrified vehicles. These include battery electric vehicles (BEVs) and hydrogen fuel cell vehicles. The company is looking to capitalize on the shift from combustion engine models to EVs and as part of its Dare Forward 2030 strategic plan, the company aims to launch over 75 BEV models by 2030.

While Stellantis N.V. (NYSE:STLA) is committed to electrification, it is also making moves to utilize new technologies like artificial intelligence (AI). The company is collaborating with AI specialists to maintain a competitive edge and offer smarter and more responsive vehicles. It has been working for over a year with Mistral AI, a French AI startup, and integrating AI tools into vehicle engineering, fleet data analysis, internal car sales, and even manufacturing. In February 2025, Stellantis N.V. (NYSE:STLA) unveiled the latest initiative under this partnership, which is a next-generation AI-powered in-car assistant that enables natural, conversational interactions and acts as a voice-activated user manual for drivers.