StrongAndFree @StrongAndFree: "Good day eTorians, the electric..."

Germany

Good day eTorians, the electric mobility revolution is just about to start so it is a good idea to take a look at the companies that will benefit from a growing demand for electric cars. The biggest player in electric mobility that can be traded on Etoro is Tesla listed in the $NSDQ100 index. As a pioneer on this field and with a new production plant for lithium batteries that will make up 50% of today’s global lithium battery production Tesla is in a good position for the future. With more than 2.000 orders for the Model 3 per day, they will be able to sell every single car they manage to make. However, the stock price is already high so I only recommend them if you are ready to take at least a moderate risk. The second big player alongside Tesla is the Chinese company $BYD (Boyd Gaming) ($China50). They also produce their own batteries, just sold 51 electric buses to the city of London and opened a factory in Hungary to conquer the European market for utility vehicles back in 2018. BYD Auto plans its key market entry for 2021. The electric mobility revolution has just begun so there will be many new actors entering the market. $NIO (Nio Inc.-ADR) already has a working production and some interesting models such as the ES6 and the ES8, which they mainly sell in China. $NIU (Niu Technologies-ADR) and $NKLAQ are smaller companies, which focus on niches like electric scooters or trucks. I expect that at least one of the big tech companies from the Silicon Valley such as $GOOG (Alphabet) or $AAPL (Apple) will get involved in electric mobility. They have the ambition to shape in the big trends of the future and a lot of money to spend. Rumours of Apple plans to buy $TSLA (Tesla Motors, Inc.) have already spread. If we take a look at the suppliers, the crucial and therefore most important element of an electric car is the battery. For instance, lithium batteries are the only ones that can store enough energy at an affordable price. The worldwide demand for these batteries and for the light metal lithium will increase heavily over the coming years. Therefore I recommend keeping an eye on these stocks that are not available on Etoro yet, but hopefully will be introduced soon: - Panasonic and Paragon are experts in the production of lithium batteries. Panasonic is already cooperating with Tesla. - Friwo is a manufacturer of technologically leading chargers, battery packs and power supplies. - Sociedad Quimica y Minera (SQM) from Chile is one of the biggest company in lithium mining. Have a successful day! Björn

Not investment advice. The author may have financial interests in the mentioned instruments.