Analysts Lee Eun Young and Tina Hu state in their April 5 note that “Chinese policies aimed at boosting EV sales locally and EV sales growth in the US and Asia markets fuelled by more competitive EV prices will spur restocking demand in the EV battery value chain”.
Another way to invest in the electric vehicle (EV) ecosystem is to consider the EV battery-makers, providers of the single most expensive component in most EVs.
Having suffered from competition and surging material prices, DBS Group Research says battery-makers are set to enjoy a “full-scale” pickup in earnings in the April to June quarter, building on a tepid recovery already seen in the first quarter of the calendar year.
