On December 13, Contemporary Amperex Technology Co., Limited (SHE:300750) was given a two-year contract to supply 175 megawatt-hours (MWh) of CATL battery products to Lightning eMotors, Inc. (NASDAQ:TSLA), Volkswagen AG (OTC:VWAGY), and Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY).Ĭontemporary Amperex Technology Co., Limited (SHE:300750) develops battery systems for electric light trucks, forklifts, garbage trucks, and minivans. The Chinese battery maker supplies batteries to some of the biggest global automakers including Tesla, Inc. Contemporary Amperex Technology Co., Limited (SHE:300750)Ĭontemporary Amperex Technology Co., Limited (SHE:300750) is one of the EV battery stocks to invest in as the company controls 26% of the global EV battery market. Panasonic Corporation (OTC:PCRFY) reported revenue from its automotive segment of 731 billion yen. Panasonic Corporation (OTC:PCRFY) saw a 28% year-over-year increase in revenue in its automotive segment in the second quarter of fiscal 2022, driven by a recovery in automotive products and higher sales of automotive batteries in response to rising demand. The battery manufacturer's new battery model aims to reduce the cost of producing Tesla, Inc.'s (NASDAQ:TSLA) electric vehicles. Panasonic Corporation (OTC:PCRFY) recently introduced a new massive prototype 4680 format battery to support Tesla, Inc. The world's largest automakers, including Ford Motor Company (NYSE: F), Volkswagen AG (OTC:VWAGY), General Motors Company (NYSE: GM), and Toyota Motor Corporation (NYSE: TM), are scrambling to capitalize on the growing consumer preference for electric vehicles, alongside EV leader Tesla, Inc. Given these major catalysts, the global EV battery market is projected to grow at a CAGR of 28.1% from $27.3 billion in 2021 to $154.9 billion in 2028, according to a new market analysis published by Fortune Business Insights.Īccording to a survey conducted by Ernst & Young Global Ltd., the number of consumers anticipating to purchase an electric car increased by 11% in 2021 when compared to 2020. The transition from a fossil-fuel economy to a green economy is another factor driving the EV battery market. Government initiatives to reduce fleet emissions are supporting the abrupt shift of global economies to electric mobility. According to Deloitte, total EV sales will reach 11.25 million by 2025, up from 2.5 million in 2020, and eventually will hit 31.1 million by 2030. The rising global adoption of electric vehicles has expanded the race among battery manufacturers.
If you want to skip our detailed analysis of these stocks, go directly to the 5 Best EV Battery Stocks To Invest In. In this article, we discuss the 10 best EV battery stocks to invest in.
0 kommentar(er)
