![]() The stock is currently trading at about $87 after bottoming at $52.70 in early March. In the past five years, ALB stock has fluctuated from a low of $42,00 per share to as high as $140.78 a share. Investors should note that, like most commodity stocks, ALB experiences extreme price moves. As demand for lithium rises and prices for the commodity increase, Albemarle’s earnings and its stock price are likely to follow suit. Lithium is the central ingredient in the lithium-ion batteries that power electric vehicles, and are likely to continue to do so even with the development of glass batteries. Next we come to Albemarle, which is the world leader in lithium mining and accounts for 21% of global lithium production with brine recovery fields and chemical processing plants in Chile and Nevada. There are currently three “buy” ratings, 11 “hold” ratings and one “sell” rating on Panasonic stock. Mazda, Subaru and Honda also have agreements in place to use Panasonic batteries in their upcoming electric vehicles. The goal is to raise the battery capacity 50 times higher than what is currently available in Toyota gas/electric hybrid vehicles. The company has also partnered with Toyota to manufacture electric vehicle batteries. Tesla isn’t the only company Panasonic is working with on batteries for electric vehicles. Panasonic’s deal with Tesla runs until March 31, 2023, and Panasonic has made clear that it hopes to extend the strategic relationship.ĭiscussions are underway between the two companies to further expand the production of batteries and power trains at the Nevada facility. But Panasonic is taking steps to be at the forefront of the current revolution with batteries and electric vehicles.Ĭase in point, Panasonic entered into a three year deal with Tesla to manufacture and supply 2170 lithium-ion battery cells to Tesla’s Gigafactory located in Nevada. The company, which has been around since 1918, may seem like an old name when it comes to batteries. Panasonic’s share price has been beat up in recent years, falling from its 2018 price around $16 to below $10 today. Here are three quantum glass battery stocks (other than Tesla) that could surge as quantum glass batteries become a reality and propel the electric vehicle market forward: Cars plugged into the grid still have an electric expense. Solving the battery life problem will bring the cost of electric cars to $100 per kilowatt hour, which makes them less expensive to run than internal combustion engine cars. Tesla (NASDAQ: TSLA), the world’s leading electric vehicle manufacturer, is reported to be exploring the technology as it strives to develop what Chief Executive Officer Elon Musk calls a “ million mile battery.”Īt its Battery Day event this September, Musk talked about Tesla’s plans to make the battery and what it means for the industry. And the time needed to recharge them is expected to take a few minutes rather than several hours. Glass batteries are believed to last much longer than standard lithium-ion batteries. ![]() He contributed to the development of the lithium-ion battery widely used in electric vehicles today. The battery was invented by John Goodenough, a Nobel Prize winning scientist and professor at the University of Texas at Austin. It uses glass electrolyte and lithium or sodium metal electrodes. The glass battery is a type of solid-state battery. For investors, there are quantum glass battery stocks to watch. ![]() Called the “ forever battery” and the “holy grail,” glass batteries are expected to solve the two most pressing problems that have kept electric vehicles from being widely adopted by the public – limited battery life and slow charging times. Quantum glass batteries, often referred to simply as “glass batteries,” represent the next frontier in electric vehicles. It has since been updated to include the most relevant information available. Editor’s note: “3 Quantum Glass Battery Stocks That Could Surge” was previously published in July 2020.
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