Time and again, you might have heard the line – ‘The Future is Electric”. Regardless of how cliched this may sound, it stands true. According to RBC Capital Markets, global Electric Vehicle (EV) sales are expected to climb 12 times by 2025, from 3 million units sold in 2016 to 35 million units sold in 2025. This 12-fold increase was fueled by concerns about climate change and government crackdowns on internal combustion engine (ICE) automobiles as fossil fuels become increasingly expensive.
No matter the reason, the fact of the matter is that the EV revolution is here, and everyone has the opportunity to gain from it.
6 Canadian EV Solid-State Battery Stocks You Should Invest In
For Canadian investors looking to make big bucks without compromising safety, six EV solid-state battery stocks have the most promising development potential.
Lithium Americas Corp. (TSX:LAC)
Lithium America Corps is a well-known name in the lithium mining industry and among the best lithium stocks. This Canada-based firm was founded in 2007 to develop two lithium mines, one in Argentina and the other in the United States. Their rapid development of the Cauchari-Olaroz lithium brine project in Argentina, the world’s third-largest lithium brine deposit, has positioned them to become a significant participant in the lithium industry. Apart from that, lithium America’s Thacker Pass Lithium Project is well on its way to becoming the country’s largest lithium producer. This American Lithium project is estimated to have a production capacity of around 60,000 tons per year.
The Nevada Division of Environmental Protection approved the final critical state-level licenses for the Thacker Pass lithium project in Humboldt County, Nevada, on February 25, 2022. Water Pollution Control Permit, Mine Reclamation Permit, and Class II Air Quality Operating Permit are the three permits that have been approved.
Trading at $37.46 as of April 15, 2022 (8:50 AM), it is a credible company having a trusted name in the electric vehicles stocks and lithium-ion batteries sector. The company holds a market capitalization of 5,034,329,715, and its current stock trading volume is 685,004, rendering it a stable and sustainable investment opportunity.
Microvast Holdings Inc. (NASDAQ:MVST)
Founded in 2006 and headquartered near Houston, Texas, Microvast Holdings Inc is a technology company that designs, builds, and produces lithium-ion battery solutions and is a pioneer in manufacturing fast-charging battery systems. The company is known for its cutting-edge battery technology and vertical integration capabilities, including everything from fundamental battery chemistry to modules and packs. The company serves a diverse spectrum of vehicles, from passenger and commercial electric vehicles to heavy-duty trucks and trains. In addition, battery backups for data centers and energy storage systems are also available through the company.
On March 24, 2022, Microvast Holdings announced the addition of two new lithium-ion battery cells to its product portfolio (the new 48Ah and 53.5Ah NMC Li-ion battery cells) and improved Gen 4 battery packs to its product portfolio. The MpCO-48Ah has an energy density of 205 Wh/kg, while the HpCO-53.5Ah has an energy density of 235 Wh/kg taking 16 minutes and 48 minutes for 80% DOD @RT, respectively.
Trading at a share price of $5.69 as of April 15, 2022 (9:11 AM), this battery manufacturer is a household name in the automotive industry. With a market capitalization of 1,710,064,862 already and the rise of next-generation batteries, this company has immense growth potential.
Solid Power Inc. (NASDAQ:SLDP)
Solid Power is a worldwide leader in all-solid-state rechargeable batteries for EVs and mobile power applications. Solid Power uses a unique sulphide-based solid electrolyte to replace the flammable liquid electrolyte in standard lithium-ion batteries. As a result, Solid Power’s all-solid-state battery cells are expected to be safer and more stable over a wider temperature range, provide higher energy density than currently available battery packs, enable less pricey, more energy-dense battery pack models, and be compatible with traditional lithium-ion manufacturing processes.
Solid Power’s business combination was completed on December 8, 2021, generating total cash flows of $495 million to fund the company’s product development and business expansion goals. It met all of the goals set for 2021, including starting production of 20 Ah high-content silicon anode cells on the company’s pilot line. In addition, as part of the company’s automotive certification process, it partnered with top lithium-ion cell manufacturer SK Innovation Co., Ltd. to validate that Solid Power’s all-solid-state cell designs and production processes are scalable and build EV-scale cells.
Trading at $8.89 as of April 15, 2022 (9:24 AM), the company is a battery industry leader in terms of battery production. Holding a market capitalization of 1,544,823,764, the company is a safe and profitable investment.
NextSource Materials Inc. (TSX:NEXT)
NextSource Materials Inc., situated in Toronto, Canada, is a strategic materials development firm to become a fully integrated, global supplier of crucial battery and technology materials required to fuel the sustainable energy revolution. The Molo graphite project in Madagascar is one of the world’s largest and highest-quality graphite resources and the only one that contains SuperFlake® graphite. The Molo Project’s Phase 1 is currently under construction, with commissioning planned in Q3 2022.
The results of a Preliminary Economic Assessment for an improved Phase 2 expansion of NextSource Materials Inc.’s 100%-owned Molo Graphite Mine Project in southern Madagascar were announced on February 28, 2022. Over a 26-year mine life, the PEA assessed an upgraded Phase 2 expansion that included a stand-alone processing unit with 150,000 tonnes per annum of flake graphite concentrate production capacity. According to the PEA, the capital costs to build 150,000 tpa of processing capacity would be US$155.8 million, with a pre-tax NPV of US$929.6 million and a pre-tax IRR of 41.1 percent using an 8% discount rate.
Trading at $3.70 as of April 15, 2022 (10:07 AM), the company is expected to grow rapidly in the coming months, thus making it the best time to invest in this company.
Check out graphene stocks in Canada.
Canada Silver Cobalt Works Inc. (TSXV:CCW)
Canada Silver Cobalt Works is a Canadian mining firm that specializes in mineral property acquisition, assessment, exploration, and development. Castle Cobalt Silver Property, Beaver Cobalt Silver Property, and Violet Cobalt Silver Property are among the company’s projects that target cobalt, silver, and gold mineralization. In the rich and world-class silver-cobalt mining zone of Northern Ontario, Canada Silver Cobalt Works Inc. has identified an extensive high-grade silver vein system at Castle East, located 1.5 km from its 100%-owned, past-producing Castle Mine in Gowganda. The company completed a 60,000m drilling operation to increase the deposit’s size and is now updating the resource estimate.
On April 14, 2022, Canada Silver Cobalt Works Inc. stated that it had raised gross proceeds of approximately $6.04 million through its previously announced upscaled brokered private placement, which included the partial exercise of an agents’ option to enhance the amount of the offering. As a result, the company issued 7,468,000 units at $0.25 per unit, 8,682,500 flow-through units at $0.27 per flow-through unit, and 6,310,000 Quebec flow-through units at $0.29 per Quebec flow-through unit at the completion of the offering.
Trading at a share price of $0.28 as of April 15, 2022 (10:20 AM), the company has a lot to offer in the electric vehicle batteries sector. Despite being a penny stock, analysts claim it to be an exceptionally outperforming stock.
Magna International Inc. (TSX:MG)
Magna is more than just one of the world’s major automotive suppliers. It is a mobility technology firm with a worldwide workforce of 158,000 people. It has a global network of 343 production facilities and 91 product research, engineering, and sales centers spread across 28 countries. Exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision, and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly are among the product groups offered by this automobile provider. North America provides over 46 percent of Magna’s revenue, while Europe accounts for roughly 43 percent.
Magna announced a joint venture with LAN Manufacturing on February 22, 2022, a minority-owned automotive manufacturer based in Michigan. From a 296,000 square-foot rented facility in Detroit, Michigan, the joint venture, dubbed LM Manufacturing, will build entire seats for Ford Motor Company’s numerous vehicles and SUVs. Magna will own a 49 percent share in the company.
Trading at $76.59 as of April 15, 2022 (12:27 PM), the company has stable stakes in financial markets. This stock is an excellent investment with a market capitalization of 22,592,681,873 and a healthy trading volume of 935,321.
Also, read our analysis of ACDC Extreme Vehicle Battery Technologies.
Why You Should Invest in EV Solid-State Battery Stocks in Canada
Rechargeable, lightweight, compact, and highly efficient batteries that do not sacrifice energy density are required for power storage in electric vehicles. Despite having all of the above capabilities, lithium-ion batteries are not the perfect fit. Lithium can store a lot of energy in a small space, it can be used to make rechargeable batteries, and it’s easy to mine. However, lithium-ion batteries are expensive, volatile, and slow to charge, which remains a stumbling barrier in the path of EVs. Manufacturers of solid-state batteries promise less expensive, faster-charging batteries that won’t catch fire. Therefore, turning the market and main focus towards themselves. Many investors are interested in this sector, and a market boom seems inevitable, leaving a golden opportunity for smaller investors to make the right decision and earn big.
The Bottom Line
The electric vehicle solid-state battery business is still in its infancy, and most people are pessimistic about its prospects. On the other hand, analysts believe that a significant move away from li-ion batteries and toward solid-state batteries is unavoidable. In the short run, these businesses may not be very profitable. However, everyone can see the long-term gains this industry has to offer.
Battery Stocks Canada Lithium Ev
To boost demand for lithium further, people will eventually have to start buying electric cars or at least government contracts will be a massive bonus for lithium! A lithium battery leaderboard that should be invested in seems to be today in high demand among investors, but the stock market outlook for lithium-ion batteries remains uncertain for 2011. Lithium is used to manufacture batteries in personal electronics and electric vehicles. If governments provide long-term incentives for adopting electric vehicles, demand for lithium batteries will increase. Therefore, there are opportunities to invest in companies that supply batteries, an essential and costly component of an electric vehicle.
Lithium batteries are used in smartphones and other electronic devices, but the automotive industry is the largest market segment in which the most considerable growth is expected. As a result, the vast majority of the global lithium-ion battery market, expected to exceed $100 billion by 2030, will come from electric cars, buses and trucks.
Several other Canadian companies are mining the scarce battery mineral that U.S. companies want to buy. The trend is for lithium, a chemical compound, to be produced by battery manufacturers, large car manufacturers, investment partners, raw material suppliers, and miners.
Canada is rich in lithium, graphite, nickel, cobalt, aluminum and manganese, which are critical ingredients in advanced battery manufacturing and storage. The country extracts between 13% and 35% of the minerals needed to produce electric batteries. Lithium is one of three businesses of the company, which also operates bromine, specialty catalysts and other companies and is the largest supplier of electric batteries, lithium and flame retardant chemicals.
Piedmont Lithium aims to become the most prominent emerging lithium producer in the United States as a strategic domestic lithium hydroxide supplier. The electric battery storage industry is expected to be one of its core markets.
FMC Corp. is an older company, but Albemarle has seen the highest revenue growth in recent years. In addition, the lithium price has doubled in the last two years. With predictions that electric cars will dominate the automotive industry, the company’s shares have risen from the beginning of 2016 to the end of 2017 by 137% (SQM) or 257%.
If you prefer stocks that depend on lithium, Tesla and other automakers that focus on electric cars are an indirect way to invest in lithium. According to the prospectus, the largest battery manufacturer for electric vehicles with a market share of 27.9 percent invests in the complete lithium cycle – the mining and refining of the metal for battery production.
As one of the few manufacturers to use a specific lithium compound in Tesla’s batteries, the company’s success depends on its partnerships. The South Korean chemical group LG Chem manufactures batteries for automotive, household and commercial use through its subsidiary Energy Solutions. Regardless of how you approach the basic materials sector, it is undisputed that lithium is a key component of battery technology, extending demand for the metal beyond electric vehicle manufacturers to renewable energy sources such as wind turbines and solar panels.
The company has a supplier relationship with Tesla that may not last. Still, it is well-positioned to deliver electric batteries when major automakers unveil big plans to produce electric vehicles. In January, Toyota (TM) said it was developing lithium batteries that are lighter, smaller, charge faster and last longer than any other on the market. In addition, LG Chem is a major battery manufacturer heavily investing in meeting the growing demand for electric vehicles. With battery companies beginning to develop exciting new technologies that could revolutionize the industry, this is the ideal time to acquire inventories for electric vehicle batteries.
You can buy shares in companies engaged in lithium mining and the production of lithium batteries. The Solactive Global Lithium Index comprises companies active in all areas of the global lithium industry, such as lithium mining and the production and production of lithium-ion batteries. Here are 20 lithium stocks worth considering in 2020. A. Johnson Controls is a cross-industry company focused on the production of lithium batteries and vehicle accessories.
Junior Vision Lithium is focused on exploring and developing battery minerals in Canada. North West Leinster Lithium Property, IrelandNorth West Leinster Property is a Vancouver-based global battery metal focused on exploring lithium mineralization (spodumene pegmatites) in the North Leinster Range in southeastern Ireland.
According to administration officials,- President Joe Biden’s strategy to turn the United States into an electric vehicle powerhouse includes encouraging domestic battery recycling and reusing lithium and other metals. The government would like to see more recycling plants in the US Open, an official stated, pointing to an announcement last fall that China’s Ganfeng Lithium Co [002460SZ] plans to build a battery recycling plant in Mexico to supply the US electrical market. Production of battery-capable, high-purity primary lithium sulphate containing 80% lithium-26 and lithium chemicals for new supply chains and markets for electric lithium-ion battery materials and their use in the production of lithium hydroxide, the precursor of battery compounds for electric vehicles, is already underway. Production is expected to be 45,600 tonnes per year, with plans to increase production to meet soaring demand for electric vehicles in Europe, China, Asia, the US and other new global players.
QuantumScape is an emerging mid-sized company developing solid-state battery technology to extend the range of electric vehicles and recharge them faster. The US government is the largest shareholder in the mining investment firm TechMet and a major shareholder in Canadian battery recycler Li-Cycle Corp. Li-Cycle plans to go public later this year after the merger of the PDAC.N PDAC.N PDAC.N – Cash – Acquisition Company.