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.
Lucid Group Inc
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.
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.
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
ChargePoint Holdings Inc
ChargePoint Holdings Inc is an EV charging network provider committed to enabling the electrification of mobility for all people and goods. It is creating a new fueling network to move people and goods on electricity. Its cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to the workplace, parking, hospitality, retail, and transport fleets of all types. It provides access to several places to charge in North America and Europe.
EVgo Inc is the public fast charging network for electric vehicles powered by renewable energy. It leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations, and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV.
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