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Those who follow the trends of the XXI century advertised information flows as "new oil", but now Elon Musk has presented an alternative point of view, saying that lithium batteries should be considered as "new oil".
The other day, Musk was in oil-rich Texas to begin construction of a lithium processing plant that Tesla intends to build in Corpus Christi. The leader in the electric vehicle industry plans to invest $375 million in the company so that it can produce more of its own lithium for batteries.
Given that lithium is a key component in the batteries powering Tesla cars, and electric vehicles are becoming more widespread, Tesla is obviously the first investment argument that comes to mind. But there are other smaller American companies that hope to take advantage of the growing popularity of lithium production, and this obviously opens up opportunities for those who want to be among the leaders in this industry.
With this in mind, analysts highlight information about the shares of two companies related to lithium batteries at a price below $ 10, which they consider potential winners in this expanding field.
Among them is a company (we will not mention the name here), which is a leader in the field of lithium-ion battery technology. The company's advanced battery solutions are designed to power a wide range of electric vehicles, from small passenger cars to trucks and buses. In addition, the company offers a comprehensive set of services to support its customers, including design and integration of battery systems, testing and verification, as well as after-sales support. The firm also has a global reach, with manufacturing operations in China as well as facilities in Germany and the USA.
There is another major player in the field of lithium batteries in the USA. This company is an important component in the field of advanced resource recovery of lithium-ion batteries. Essentially, the company recycles lithium-ion batteries by reintroducing materials back into the supply chain, and the patented technology is designed to recover up to 95% of the materials used in the battery manufacturing process, including lithium, cobalt, nickel and other valuable metals.
Given the growing popularity of electric vehicles, the name of lithium "new oil" by Elon Musk is quite justified. Of course, in the coming years and decades, the volume of oil production and use in the global energy sector will decrease a little, however, ecology and green energy are also "voting" for increasing the use of lithium.