There are many ways to invest in the EV (electric vehicle) boom. You could invest directly in the companies that actually build EVs like Tesla, NIO, Nikola, Li Auto, and Xpeng. You could also invest in EV parts manufacturers like EV battery suppliers.
As the pressure to curb climate change grows, companies like Amazon are shifting to EVs for package deliveries to reduce their carbon footprint. Companies that supply EV components will likely benefit a great deal from the increasing uptake of EVs.
Investing in individual EV makers may be a popular way for most people to get exposure to the EV boom. However, putting money in EV parts manufacturers could be a smart way to capitalize on the EV industry boom. While some EV makers will be more successful than others, they will all need parts to make their products complete.
EV supply chain companies come in a variety of forms. Besides the companies focused on EV battery supplies, some companies provide EV charging solutions. Other companies supply the chips that act as the brains of EVs.
What are the top EV battery suppliers?
Most electric vehicles are powered by a battery. The global EV battery market is on track to reach $84 billion in annual sales in 2025 from $23 billion in 2017. The top EV battery manufacturers in the world are Panasonic, which supplies batteries for Tesla’s vehicles, LG Chem, AESC, and BYD.
The other notable EV battery suppliers are Samsung, SB LiMotive, and Skeleton Technologies. Based in Europe, Skeleton Technologies makes the super battery that recharges quickly and provides a longer driving range in EVs. Skeleton is gearing up for an IPO. Albemarle supplies lithium, which is a major component in EV battery manufacturing.
What are the top EV charging station manufacturers?
Electric vehicle batteries need to be reenergized after use. There are companies that have made recharging EV batteries their business. They may manufacture charging equipment or operate public charging stations that drivers pay to access.
The top EV charging station companies include Tesla. The EV giant operates a global network of EV charging sites for its drivers. Besides Tesla, the list of the top EV charging station companies includes ChargePoint, Ionity, Blink Charging, and General Electric.
ChargePoint operates a network of EV charging stations across more than a dozen countries. The company teamed up with Switchback Energy Acquisition Corporation, a SPAC, to take it public without going through the traditional IPO process.
Ionity provides EV charging services across Europe. The business is owned by a group that includes Daimler, Volkswagen, BMW Group, Ford, and Hyundai. Blink Charging operates a network of EV charging stations across the U.S.
Similar to Blink Charging, Electrify America provides EV charging services in the U.S. Volkswagen owns Electrify America. Tritium provides EV charging solutions in Australia. General Electric and Siemens supply EV charging equipment for home and public use.
What are the top EV parts suppliers?
Every electric vehicle consists of an assortment of components from semiconductor chips to navigation and entertainment software. BorgWarner auto parts have long been used in gas-powered vehicles. However, the company has been winning more business in the EV space. Aptiv also supplies EV components.
Chip companies with EV exposure include Nvidia, Intel, NXP Semiconductors, TE Connectivity, and Maxim Integrated Products. Intel’s Mobileye subsidiary inked deals with NIO and Geely to supply chips for their EVs. Lizhi will provide in-car audio entertainment and its clients include Chinese EV company Xpeng.
What are the best EV supplier stocks?
Many electric vehicle suppliers are private companies whose stocks aren’t easily accessible to public investors. Still, there are some great publicly traded EV parts manufacturers and suppliers for investors to consider. Some of the best EV supplier stocks for investors seeking dividend opportunities include Amphenol Corporation, BorgWarner, Aptiv, and Magna International. The other EV supplier stocks that pay dividends are and TE Connectivity, GE, Nvidia, NXP Semiconductors, and Samsung.