Top multi-bagger battery company shares to participate in EVs theme
By Amit Srivastava
In the earlier post, I had discussed auto
companies planned to foray into electric vehicle (EVs) manufacturing. Now, one
of the essential parts of EVs is the battery. At present, all-electric EVs run
on ion-lithium batteries. EVs have an electric motor instead of an internal
combustion engine, and a pack of batteries in the vehicle is called the heart
of the EVs.
Currently, EVs run with Lithium-ion batteries,
and it accounts for around 40 percent of the cost of the vehicles. These
batteries are expensive components and also determine the worth of the
vehicles.
Lithium-ion batteries are lighter than other
conventional rechargeable batteries, and it also supplies consistent energy and
hold their charge for a long time.
The rise in penetration of EVs will create
demand for Lithium-ion batteries. The need for the battery will be more than
EVs as old vehicles will be required to change with new batteries over a
period. Even companies like Exide and Aamra Raza are eying on government
subsidies worth Rs 18,000 crore on producing lithium-ion batteries in the
country.
Top companies in Lithium-ion battery
manufacturing
|
Shares/ company |
6 months return |
1-year returns |
Current Share Price (Rs) |
|
Exide |
-14.25% |
-34.04% |
168.20 |
|
Amara Raja Batteries |
-14.67% |
-31% |
637 |
|
Kabra Extrusion Technik |
125.75% |
389% |
469 |
(Disclaimer: The article is
for educational purposes. Consult your financial advisor before making an investment.)
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