However, after careful deliberation, here’s a list of some of the top battery stocks which happen to pay dividends. Both Albemarle and EnerSys are among the top 20 holdings in the new WisdomTree Battery Value Chain and Innovation Fund (BATS: WBAT ).
The EV sector, in particular, has been perhaps the biggest growth driver for battery stocks, with the market expected to be worth over $192 billion by 2030. Hence, battery stocks can easily become one of the most lucrative investment options as we progress toward a fully “renewable” economy.
The industry will receive a combined $2.8 billion to build and expand commercial-scale facilities to cater to the local auto sector. The battery industry is also complex and fragmented, with multiple players involved at each step of the value chain.
The global market for battery manufacturing is forecast to reach €450 billion euros by 2035, according to an Oliver Wyman analysis. This is 10 times its value in 2020. Amid this growth, the industry is in flux. Until now, it has been mainly based in Asia — the top 10 battery cell manufacturers worldwide are all from China, South Korea, or Japan.
The battery industry is also complex and fragmented, with multiple players involved at each step of the value chain. These include miners and processers of raw materials, component producers and battery manufacturers, and end users and recyclers.
Amid this growth, the industry is in flux. Until now, it has been mainly based in Asia — the top 10 battery cell manufacturers worldwide are all from China, South Korea, or Japan. But large European manufacturers of vehicles and consumer products are electrifying their products, creating demand for a Europe-based battery industry.