Electric vehicle (EV) makers are facing a growing set of challenges. EV maker Lucid Motors’ latest earnings call put those struggles under the spotlight. While Lucid saw record production and deliveries in Q2, its interim CEO Mark Winterhoff noted that trade policies, tariffs, and supply chain disruptions have weighed heavily on the company’s financials, including a larger-than-expected quarterly loss.
One of the key stress points is China’s dominant role in the EV supply chain. While Lucid managed to avoid production stoppages thanks to quick moves by its engineering team, Winterhoff admitted that raw material access, particularly magnets and rare earths, remains a major concern. These concerns can be seen across the board among EV carmakers. To mitigate risk, Lucid has started sourcing materials outside of China, investing in alternative chemistries, and tapping into new suppliers.
This backdrop illustrates why EV supply chain companies, from battery manufacturers and rare earth producers to chipmakers and material suppliers, could offer robust returns. These are the hidden enablers of the EV boom, and many stand to benefit regardless of which automaker leads the race. In this article, we highlight 10 best electric vehicle supply chain stocks to buy right now.
Our Methodology
To compile our list of electric vehicle supply chain stocks with long-term upside potential, we referred to various ETFs and financial media articles related to the EV supply chain. We sorted the final list in ascending order of hedge fund sentiment as of Q2 2025. We broke ties with the market caps of the stocks.
Note: All data was recorded on September 5, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Electric Vehicle Supply Chain Stocks to Buy Right Now
10. Microvast Holdings, Inc. (NASDAQ:MVST)
Number of Hedge Fund Holders: 11
Market Cap: $821.28 million
Microvast Holdings, Inc. (NASDAQ:MVST) is one of the best electric vehicle supply chain stocks to buy right now. Microvast Holdings, Inc. (NASDAQ:MVST) reported Q2 of Fiscal Year 2025 on August 11. The lithium-ion battery maker posted EPS of $0.05 per share compared to the Wall Street expectations of $0.01 per share. The company reported record revenue of $91.3 million, a modest 9.2% increase year-over-year. The company also expanded its gross margins to 34.7%, from 36.9% in the previous quarter and 32.5% in the same quarter last year.
Adjusted net profit came in at $16.3 million, and adjusted EBITDA reached $25.9 million, a major comeback from losses in the previous year. Operating expenses dropped heavily due to cost controls and lower share-based compensation, the company said.
Microvast Holdings, Inc. (NASDAQ:MVST) is also making a big push in battery innovation, especially with its solid-state battery technology, which charges faster, is safer, has a longer lifespan, and is smaller and lighter compared to regular batteries.
The company continues to expand globally, with revenue growth in the U.S., EMEA, and APAC regions. It is also adding new production capacity in China to meet rising demand. The company expects its Phase 3.2 expansion in Huzhou, China, to start initial production later this year. This would boost annual battery production capacity by about 2 GWh.
Meanwhile, the company reported a positive cash flow of $44.3 million and has a cash balance of $138.8 million. The management noted that the company is focused on innovation, efficiency, and long-term profitability. The company is targeting 18%-25% year-over-year growth, which corresponds to a full-year revenue range of $450 million to $475 million.
The stock is trading at a forward P/E of 13.32x, which is cheap given its growth projections. The company’s revenue is expected to grow at nearly 27.32% on an average compounded rate annually over the next 3 years, according to Wall Street analysts. The average 12-month Wall Street upside for the stock currently stands at a staggering 113.59%, although only 2 analysts track it.
9. ChargePoint Holdings, Inc. (NYSE:CHPT)
Number of Hedge Fund Holders: 19
Market Cap: $233.33 million
ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the best electric vehicle supply chain stocks to buy right now. On September 4, TD Cowen maintained its Hold rating on ChargePoint Holdings, Inc. (NYSE:CHPT), while trimming its 12-month price target from $30 all the way to $11. As of September 5, the stock was trading at $9.74, a 12.9% implied upside. The rest of Wall Street is slightly more bullish on the stock with an average implied 12-month upside of 18.24%.
The price target cut came after the company reported Q2 Fiscal Year 2026 (quarter ended July 2025) earnings on September 3. The firm noted that the company’s Q2 results saw solid execution but cautioned about the realities of the current state of the US EV market.
The EV charging company reported Q2 FY2026 results that missed EPS expectations, posting a loss of $1.42 per share vs. consensus estimates of $1.16. It generated revenue of $98.59 million, aligning with the upper end of guidance but representing a 9% year-over-year decline.
Notably, non-GAAP gross margin improved sequentially to 33%, the highest since the company went public. The company said the expansion was driven by product mix and operational efficiencies.
Despite macro headwinds, including softening U.S. EV adoption, as the TD Cowen analyst noted, and expiring tax incentives, management remains focused on long-term growth, innovation, and margin expansion. ChargePoint has now pushed out its target for achieving breakeven on an EBITDA basis beyond FY2026.
Hedge Fund Resource Center