Governments worldwide are investing billions of dollars into green initiatives, especially in Europe and the US. One of the key beneficiaries of this drive toward environmentally friendly societies is the electric vehicle industry. We’ve already seen the rise and rise of Tesla, which has made fortunes for shareholders and disciples of founder and CEO Elon Musk. But as with any evolving industry, rival technologies emerge and render others obsolete.
We’re currently seeing such rapid development in both vehicle design, infrastructure and battery type, size and life, that it is very clear the marketplace for green transport will continue to change quickly. There will inevitably be winners and losers, and it is our job is to keep investors up to speed with events as the race to dominate, or at least grab a share of this massive market evolves.
Mining shares for a green industrial revolution
Electric vehicles and a mining megatrend
Electric vehicle manufacturers
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. It sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. It also makes solar roofs and plans to enter the HVAC market.
NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.
Electrameccanica Vehicles Corp
Electrameccanica Vehicles Corp Ltd is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company's flagship vehicle is the purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO provides a driving experience that is trendy, fun, affordable and environmentally friendly.
XPeng Inc is a Smart Electric Vehicle company designing, developing, manufacturing and marketing smart electric vehicles in China. The company manufactures environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). It targets the mid- to high-end segment in China's passenger vehicle market.
Lordstown Motors Corp
Lordstown Motors Corp is an automotive company founded for the purpose of developing and manufacturing light duty electric trucks targeted for sale to fleet customers. The company has been developing its flagship vehicle, the Endurance, an electric full-size pickup truck.
Battery manufacturers / Lithium producers
FMC is a pure-play crop chemical company. The company has diversified its sales to create a geographically balanced crop chemical portfolio. Through acquisitions, FMC is now one of the five largest patented crop chemical companies and will continue to develop new products through its research and development pipeline.
Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 25% stake in a fully integrated Canadian lithium project.
Electric vehicle charging
Electric vehicle charging
These articles, and any stocks referenced, are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted.