What are the best stocks involved in lithium ion EV battery

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8/14/2024 11:14pm

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The best stocks involved in the lithium ion EV battery market are those that are directly involved in the production and supply of lithium batteries, as well as those that are innovating and expanding their capabilities in this space. Here are the top stocks to consider¹:

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theme include lithium ion;enterprise value(7)

last-price	last-change%	Theme	Theme Description	Inclusion Reason	Enterprise Value(USD)2024.03.31
201.38	-3.10%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	Tesla designs and manufactures electric vehicles , battery energy storage from home to grid-scale, solar panels and solar roof tiles. Tesla was the first automaker to use batteries containing thousands of small, cylindrical, lithium-ion commodity cells like those used in consumer electronics. Panasonic is Tesla's supplier of cells in the United States, and cooperates with Tesla in producing cylindrical 2170 batteries at Giga Nevada. In addition, on August 4 2022, Tesla CEO Musk said that Tesla could mass-produce 4680 batteries by the end 2022.	592.10B
72.85	-5.66%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	Albemarle offers lithium metal as ingots, foil, rods, or anodes in hundreds of sizes and thicknesses for primary and secondary lithium batteries.	20.66B
35.66	-2.01%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	Sociedad Quimica y Minera de Chile is the world’s biggest lithium producer. In 2021, its the lithium revenues were $936.1 million. In addition, Sociedad Quimica Y Minera De Chile is the only lithium producer participating in Global Battery Alliance.	18.63B
61.42	0.21%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	In early years, FMC announced will accelerate the expansion of its global lithium hydroxide production capacity as a result of a new multi-year supply agreement with additional 4,000 metric ton expans. Before that, FMC had announced plans to triple its global lithium hydroxide production capacity to serve the growing electric vehicle market.	15.18B
2.57	-5.17%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	--	6.99B
94.70	-1.20%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	EnerSys manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure systems to customers worldwide. On, Dec. 28, 2021 EnerSys announced the successful integration of its ABSL Lithium batteries into NASA James Webb Space Telescope launch.	5.36B
2.54	2.01%	Lithium Battery	A lithium battery is a type of rechargeable battery that utilizes lithium as a key component in its chemistry. It is commonly used to store and provide electrical energy for various devices, ranging from smartphones and laptops to electric vehicles and renewable energy systems. Lithium batteries are favored for their high energy density, longer lifespan, and lightweight design.	--	1.01B

Ticker
TSLATesla
ALBAlbemarle
SQMSociedad Quimica y Minera de Chile
FMCFMC
ALTMArcadium Lithium
ENSEnersys
LAACLithium Americas

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These stocks are well-positioned in the EV market due to their focus on lithium ion EV batteries, which are essential for the storage and supply of electrical energy in EVs. Tesla, for example, is a leader in the design and manufacturing of electric vehicles and battery energy storage systems. Albemarle is a key supplier of lithium metal, which is used in the production of lithium batteries. Sociedad Quimica y Minera de Chile is the world's largest lithium producer, ensuring a steady supply of this critical material. FMC is expanding its global lithium hydroxide production capacity to meet the growing demand from the EV market. Arcadium Lithium and Enersys are involved in the manufacturing and distribution of lithium batteries for various devices, including EVs. Lithium Americas is a major player in the production of lithium, which is crucial for battery manufacturing.

Investing in these stocks can provide exposure to the growing EV market and the demand for lithium ion batteries, which are essential for the transition to sustainable transportation.

Source:

1. Theme is Lithium Ion EV Battery