Battery stocks are gaining investors’ attention worldwide as the world’s hunger for energy storage devices and a better battery technology becomes insatiable by the day. Continued improvement on electronics requires better and longer life span of batteries.
Insider Monkey published 10 Best Battery Stocks to Buy Now, and most companies are producing lithium batteries for EV manufactures as they are the ones who have high demand for it.
Here is a summary of the 10 Best Battery Stocks to Buy Now.
In early 2021 Panasonic Corporation and Tesla renewed their contract; the EV manufacturing will continue to purchase Panasonic’s cobalt-free batteries and this move will lower EV prices.
NIO Limited is also providing EV manufactures batteries, they allow monthly battery changes instead of having one in an EV. This significantly lowers the prices of EVs and batteries.
Tesla also provides batteries for private homes and offices, most notably their batteries act as a power source during outages.
Energous Corporation is a wireless charging company which recently partnered up with Thin Film Electronics to integrate lithium microbatteries in wireless charging.
Lithium Americas Corp is a Canadian company that has full ownership of the Thacker Pass Lithium reserves in the United States.
Livent Corporation is another lithium play whose products include battery-grade lithium hydroxide, butyllithium and high purity lithium metal. They also have a supply agreement with Tesla.
Plug Power Inc. manufactures hydrogen fuel cell systems for telecommunications, transportation and utility sectors.
Albemarle Corporation is the largest provider of lithium for electric vehicle batteries. Many lithium battery companies are emerging because of the energy transition happening in the world as governments look to cut carbon emissions and increase electrification.
Glencore plc is one of the best battery stocks to buy now as the commodities miner deals in cobalt that plays a key role in boosting energy density and battery life in lithium batteries.
Global Lithium & Battery Tech ETFs is one of the best ways to gain exposure to the lithium market. The ETF invests in the complete lithium cycle, including lithium mining, processing and battery production.
Read more of Insider Monkey’s 10 Best Battery Stocks to Buy Now.