EV Battery Stocks List

CATL (Contemporary Amperex Technology Co., Limited) is the world's largest EV battery manufacturer, with a 39.2% share of global EV-battery usage in 2025 (SNE Research), its ninth consecutive year at number one, and the top ranking in energy-storage battery shipments for five years running. Its China domestic “power battery” share is higher, around 43%. FY2025 revenue was RMB 423.7 billion (+17% YoY) on 661 GWh of battery sales, split roughly 540 GWh power and 121 GWh storage. The company runs 24 battery factories across China, Germany, Hungary, Spain and Indonesia, with 772 GWh of year-end production capacity, and is expanding in Hungary and via a Spanish joint venture with Stellantis. Headline products span the Shenxing superfast-charging LFP cell, the Naxtra sodium-ion battery (launched 2025) and the TENER utility-scale storage platform.

BYD's battery arm, FinDreams Battery, is the world's second-largest EV battery supplier by volume (about 16% global usage share in 2025, SNE Research) and the company's original business — BYD was founded in 1995 as a rechargeable-battery maker before entering vehicles in 2003. The flagship Blade Battery (LFP, cell-to-pack) is the workhorse across BYD's own line-up and is increasingly sold to outside customers, including Toyota (through the BYD-Toyota joint venture) and BorgWarner. BYD sold about 4.6 million new-energy vehicles (BEVs and plug-in hybrids) in 2025. It also ranked number one globally in energy-storage-system shipments in 2025, anchored by a 12.5 GWh Saudi Electricity Company contract and its Haohan utility-scale platform. FY2025 net profit fell about 19% to RMB 32.6 billion, its first annual decline since 2021, as a domestic price war compressed margins.

Panasonic Holdings' battery business (Panasonic Energy) is Tesla's longest-standing cylindrical-cell partner and, on its own estimate, holds roughly 80% of the market for Battery Backup Units (BBUs) that power hyperscaler AI data centers, a fast-emerging growth driver. The Kansas plant (De Soto) began mass production in July 2025 and is ramping toward about 32 GWh of annual capacity; it is Panasonic Energy's second North American EV-battery factory, after the Tesla Gigafactory Nevada partnership. The Energy segment generated about ¥873 billion of FY3/2025 sales within the much larger diversified group, and Panasonic says more than 80% of its targeted FY3/2029 data-center storage sales are already committed to customers. Softer Tesla volumes have weighed on recent EV-battery profitability.

LG Energy Solution is the world's third-largest EV battery manufacturer, with about 9% of global EV-battery usage in 2025 (SNE Research). It produces pouch and cylindrical cells at scale today and has said it will become the first global maker to offer all three formats once its prismatic (LMR) cells reach US pre-production around late 2027 and commercial production in 2028. LGES is a major beneficiary of US Inflation Reduction Act manufacturing credits, which added about KRW 1,647 billion to FY2025 results; because that credit exceeded its FY2025 operating profit, underlying battery operations were loss-making without it. Key wins include a 440+ GWh order backlog for its 46-series cylindrical platform (spanning multiple sizes and customers, from 4680 to 46120) and a roughly 140 GWh energy-storage order backlog, with a global ESS capacity target of 60+ GWh by end-2026. LGES posted an operating loss in Q1 2026 as North American pouch volumes fell on OEM destocking. Parent LG Chem retains majority control.

Samsung SDI focuses primarily on prismatic and cylindrical cells and sits at the premium end of the market: BMW (i4, i5, i7, iX), Audi (Q6/Q8 e-tron), Rivian (R1S, R1T) and Stellantis (Jeep Wagoneer S). Its global EV-battery usage share was about 2.4% in 2025 (SNE Research), ranking ninth. North American expansion runs through two joint ventures in Indiana: StarPlus Energy with Stellantis (Kokomo, in production) and a plant with GM (New Carlisle, mass production targeted 2027). Samsung SDI has guided a 2027 mass-production target for all-solid-state batteries. The Electronic Materials division supplies OLED and semiconductor materials. FY2025 revenue fell to KRW 13.27 trillion (-20% YoY) with an operating loss of KRW 1.72 trillion on EV-market softness and US ramp-up costs.

EVE Energy is one of the world's top-ten EV battery cell makers and a fast-growing competitor in energy storage, with a broader product range than most peers, covering primary lithium batteries, consumer Li-ion, and the full EV format set (prismatic LFP/NCM, pouch NCM, large cylindrical). It secured a 46-series cylindrical contract for BMW's Neue Klasse platform alongside supply to Daimler Truck (eActros), Punch Powertrain and Cummins. Its Malaysia plant is the first Chinese cell facility in the country, supporting non-Chinese OEM sourcing. FY2025 revenue was CNY 61.5 billion (+26% YoY) with net profit of CNY 4.1 billion; power-battery shipments rose 66% to about 50 GWh and storage shipments grew 41% to about 71 GWh, ranking EVE second globally in energy-storage battery shipments in 2025 (EVTank; third on InfoLink's methodology).

SK Innovation (096770.KS) is the listed parent; its EV batteries are made by unlisted subsidiary SK On. After the 2024 SK E&S merger the group had about KRW 105.6 trillion in total assets, with batteries a minority of revenue. SK On was the world's sixth-largest EV battery maker in 2025 at about 3.7% global usage share (SNE Research), behind CATL, BYD, LGES, CALB and Gotion. Customers include Hyundai, Volkswagen and Nissan (a 99.4 GWh supply agreement signed in Q1 2025, though under review in 2026 as Nissan's EV plans slowed). In May 2026 SK On completed the restructuring of its BlueOvalSK venture with Ford, taking sole ownership of the Tennessee (BlueOval City) plant while Ford retained the Kentucky plants; SK On's first LFP line, for energy storage, is targeted for the second half of 2026. SK Innovation posted a full-year 2025 net loss. Separator films sit in the separately listed affiliate SK IE Technology (SKIET).

Sumitomo Metal Mining (SMM) is a diversified Japanese mining and metals group whose materials business is one of the world's largest producers of nickel-cobalt-aluminum (NCA) cathode active material, the chemistry used in Panasonic cells supplied to Tesla. SMM runs an integrated nickel chain: it operates the Taganito HPAL processing plant in the Philippines (75%-owned, producing mixed nickel-cobalt sulfide) and sources ore from Nickel Asia's Taganito mine, through smelting and refining to finished cathode powder. Niihama-area NCA cathode capacity was expanded to about 84,000 tonnes per year in 2025, with a roadmap toward roughly 120,000 t/y by 2028. Materials is a minority of group sales — mineral resources (copper, nickel, gold) and smelting drive most earnings — so the stock is at least as exposed to base-metals prices as to battery demand. Toyota holds about a 4.0% stake.

POSCO Future M is South Korea's largest battery-materials maker and, by its own description, the only Korean company producing both cathode active materials (NCM/NCA) and anode materials (natural and artificial graphite) at scale. Its cumulative announced cathode contract value reached about KRW 92 trillion as of 2023, spanning a KRW 40 trillion 10-year Samsung SDI deal plus LG Energy Solution and Ultium Cells (LG/GM) contracts — announced order totals rather than a live backlog. Anode wins include a roughly KRW 671 billion (about $470 million) four-year contract with an unnamed global automaker (October 2025) and a KRW 1 trillion artificial-graphite order (March 2026). The company runs a joint cathode plant in Bécancour, Quebec with General Motors (Ultium CAM). Legacy refractories and lime businesses remain profitable but small.

EcoPro BM is South Korea's largest cathode active materials producer and a leading supplier of high-nickel NCA cathodes, estimated at about 34% of global NCA output (Benchmark Mineral Intelligence). Samsung SDI is the anchor customer; the two signed a roughly KRW 44 trillion (about $34 billion) five-year NCA supply contract for 2024-2028 in December 2023, an estimate that moves with raw-material prices rather than a fixed cash backlog. International expansion runs through the Debrecen, Hungary plant (initial 54,000 tonnes/year, expandable toward 108,000), where commercial production began in H1 2026, and a planned Ontario, Canada plant. EcoPro's group capacity target is about 710,000 tonnes (a 2022-era plan, later restated). FY2024 revenue fell sharply on the EV slowdown; FY2025 results have since superseded that base. EcoPro BM was spun off from parent EcoPro Co. in 2016.

Gotion High-Tech is a top-five global EV battery cell maker (about 4.5% global usage share in 2025, SNE Research, ranking fifth) and a leading Chinese domestic supplier. Volkswagen Group China is its largest shareholder at about 24.5% (2025, diluted from an initial ~26% in 2021). VW's unified prismatic cell is designed to go into up to about 80% of the group's EV models by 2030 — a design-penetration target, not a mandate for Gotion to supply 80% of VW's batteries; Gotion is one supplier of the standard cell and began mass-producing VW unified cells at its Hefei plant in November 2025 under a 2026-2032 contract. Domestic customers include Chery, SAIC-Wuling, JAC, Chang'an and Leapmotor, and Huawei is a major energy-storage customer. Its Göttingen, Germany site has produced battery packs since September 2023 and began mass production of a 5 MWh storage unit in 2025. The product mix tilts toward LFP with growing storage exposure. Founded 2006 in Hefei.

Umicore is a Belgian materials group with battery exposure through its Battery Materials segment, producing cathode active materials (CAM) and precursors (pCAM), primarily high-nickel NMC. It is one of several major non-Chinese CAM producers, alongside names such as POSCO Future M, EcoPro BM, L&F and Sumitomo Metal Mining. The IONWAY joint venture with Volkswagen's PowerCo is its centerpiece European initiative; Umicore contributed about €425 million to it in stages (€250 million in 2025 and €175 million in January 2026). Battery Materials remains under a management “value recovery” plan after EV-demand softness, while the foundation businesses — Catalysis (automotive emissions control) and Recycling (precious-metals refining) — generated most of the €847 million FY2025 adjusted EBITDA (+11%) on €3.6 billion of revenue (reported excluding metals). Net financial debt was about €1.4 billion, helped by a sale of gold inventories.

Sunwoda Electronic is a diversified Chinese battery maker spanning consumer Li-ion (phones, laptops, smartwatches), its original and still-large segment, alongside EV power batteries and energy storage. Consumer customers include Apple, Huawei and Xiaomi; EV customers span Renault, Geely, Dongfeng, Nio, Volvo and Volkswagen. In FY2024 consumer batteries were about 54% of revenue and EV batteries about 27%, a mix that has since tilted further toward EV and storage. In 2025 Sunwoda held roughly 3% of China's EV-battery installations, ranking around sixth or seventh domestically, and sat just outside SNE Research's full-year 2025 global top ten (reaching tenth globally in Q1 2026). Sunwoda Energy is expanding in European storage. FY2025 revenue was about CNY 67 billion, though net margins remain thin amid intense EV-cell price competition.

QuantumScape is a pre-revenue R&D company commercializing solid-state lithium-metal battery cells through a capital-light licensing model — partners build the gigafactories and QS supplies the technology. The flagship QSE-5 cell uses a proprietary ceramic separator and an “anode-free” architecture, targeting over 800 Wh/L and 10-80% fast charge in about 12 minutes (company-reported test performance). Volkswagen Group, which held about a 25.2% voting interest as of late 2025, is the lead partner via subsidiary PowerCo, under a licence covering up to 40 GWh a year initially, expandable to 80 GWh. The Cobra separator process (about 25x faster heat treatment) reached baseline production in 2025, and B-sample cells powered a Ducati V21L demonstration bike at IAA Mobility in September 2025 — a showcase, not a commercial deployment. The San Jose Eagle pilot line is ramping. Q1 2026 net cash used in operating activities was about $59.5 million.

L&F is South Korea's third-largest cathode active materials producer (after POSCO Future M and EcoPro BM) and a specialist in high-nickel NCM cathodes, supplying mainly LG Energy Solution and SK On. A large direct Tesla cathode supply contract, once projected at about $2.9 billion for 2024-2025, was cut to just $7,386 in a December 2025 disclosure that cited a change in expected supply volume. L&F is moving into LFP cathodes for the cost-sensitive market through its own wholly-owned plant, with mass production targeted for the second half of 2026 (about 30,000 t/y, scaling toward 60,000). FY2024 revenue fell about 59% to KRW 1.91 trillion with a net loss, as the Korean cathode chain absorbed the EV slowdown; FY2025 results have since followed. L&F is also building North American capacity to qualify for US production credits. Founded 2000, headquartered in Daegu.

Amprius Technologies makes high-energy silicon-anode lithium-ion cells across two platforms: SiMaxx, its proprietary 100% silicon-nanowire cell built in-house in Fremont, California, and SiCore, a separate silicon-anode system manufactured by partners on existing Li-ion lines to scale volume. Its cells deliver up to about 80% more energy than conventional graphite cells (headline products up to about 450 Wh/kg and 1,150 Wh/L). Commercial focus is on aviation (drones, high-altitude platforms), defense and light electric mobility rather than mass-market EVs. Customers include AeroVironment, Airbus and undisclosed US defense programs. A shift toward capital-light contract manufacturing in South Korea drove a financial inflection: FY2025 revenue roughly tripled to about $73 million with positive adjusted EBITDA in Q4. Q1 2026 revenue was about $28.5 million, and the company raised full-year 2026 guidance to at least $130 million. Amprius was founded in 2008 and employs roughly 110 people.

Enovix designs high-energy lithium-ion batteries using a proprietary 3D architecture with a 100% active-silicon anode that contains silicon's volumetric expansion. Its AI-1 cell reached an independently verified 935 Wh/L, beating a leading commercially available comparator cell by about 12%; AI-1 itself was still in smartphone-OEM qualification in 2026, not yet a commercial product. Commercial focus is on consumer electronics (smartphones, smart eyewear), drones and defense rather than EVs, though the silicon-anode IP remains relevant to next-generation EV research. The separate MX-1 line is a silicon-enhanced product built on a proven graphite-anode architecture in Korea; its 360 Wh/kg drone cell is shipping, with a 400 Wh/kg target for 2027. Enovix manufactures in Malaysia (its high-volume Fab2) and Korea, with R&D in India. Q1 2026 revenue was $7.6 million (+49% YoY), and it reported $583 million of cash, equivalents and marketable securities.

Solid Power is a development-stage company commercializing sulfide-based solid-electrolyte material for solid-state cells. It has shifted toward a licensing-and-electrolyte-supply model rather than building its own gigafactories — partners make the cells using its electrolyte and licensed processes. BMW remains a core EV partner. Its long-standing SK On relationship advanced in 2025-2026 as pilot-line equipment moved through factory and site-acceptance testing at SK On's facility, and a joint evaluation agreement with Samsung SDI covers electrolyte supply. A continuous sulfide-electrolyte line is targeted for commissioning by end-2026. Q1 2026 revenue and grant income totaled about $3.1 million with a $26.3 million operating loss, and liquidity was around $435 million after a $130 million registered direct offering in January 2026 (about $121 million net). Founded 2011 in Louisville, Colorado.