In this article, we will look at the 10 Best Electric Vehicle Supply Chain Stocks to Invest In.
Electric vehicle stocks are getting a more selective look as investors move past the question of which automaker can sell the most cars. The consideration now is where value can still be created as the EV market matures, pricing pressure rises, and expectations reset across the industry. Franklin Templeton notes that “stocks across the electric vehicle (EV) supply chain have struggled in recent years,” but also says “the setup now is appealing” because “expectations have reset lower” and valuations appear to be discounting growth. That helps explain why the supply chain angle is becoming more important. The best opportunities may not sit only with the brands selling vehicles, but with the companies enabling batteries, chips, materials, charging, and manufacturing efficiency.
Further, Franklin Templeton argues that “the fundamental investment case underpinning most aspects of the EV supply chain” remains solid and points to “attractive investment opportunities” in EV batteries, semiconductors, and raw materials. Invesco similarly says it expects “investment opportunities along the EV supply chain,” including “batteries, die-casting machines, SiC power devices and charging stations.” Robeco’s smart mobility framework also looks beyond automakers, listing “EV Component Suppliers,” “EV Manufacturers and Subsystem Suppliers,” and “EV Infrastructure” as part of the investment scope.
In summary, the EV supply chain is not one narrow industry. It stretches from battery materials and power semiconductors to electric powertrains, charging systems, smart grids, lightweight materials, and production equipment, among others. With that in mind, let’s take a look at the 10 Best Electric Vehicle Supply Chain Stocks to Invest In.
Our Methodology
We used the Finviz screener to identify electric vehicle supply chain stocks that are viewed favorably by analysts. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. MP Materials Corp. (NYSE:MP)
On May 11, 2026, Morgan Stanley analyst Carlos De Alba raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $70 from $62 previously while maintaining an Overweight rating on the shares.
On May 8, 2026, Goldman Sachs analyst Brian Lee also raised the firm’s price target on MP Materials Corp. (NYSE:MP) to $80 from $71 previously and maintained a Buy rating on the shares.
On May 7, 2026, MP Materials Corp. (NYSE:MP) reported Q1 EPS of 3c, versus the consensus estimate of a loss of (4c). Revenue totaled $90.65M, versus the consensus estimate of $72.14M. Founder, Chairman, and CEO James Litinsky said the company achieved record NdPr production and sales during the quarter while generating solid adjusted EBITDA. Litinsky also highlighted progress across several growth initiatives, including the expansion of operations at Independence, groundbreaking activities at the 10X facility, and upcoming commissioning work for scaled heavy rare earth separation at Mountain Pass. The company said these developments underscore continued execution across its vertically integrated rare earth platform.
MP Materials Corp. (NYSE:MP) produces rare earth materials in the Western Hemisphere.
9. American Battery Technology Company (NASDAQ:ABAT)
On May 11, 2026, American Battery Technology Company (NASDAQ:ABAT) reported Q3 revenue of $7.8M. During the quarter, the company said it significantly ramped and streamlined operations at its Nevada critical mineral recycling facility, resulting in record revenue that increased 64% quarter over quarter, while cost of goods sold rose only 11% over the same period. The company also achieved its first positive gross margin.
American Battery Technology Company (NASDAQ:ABAT) said the increased throughput at its recycling facility enabled it to benefit from favorable market conditions and strengthen its position as a major critical mineral recycler in the United States. CEO Ryan Melsert described the achievement of positive gross margin as a significant milestone that supports self-sustaining operations at the company’s recycling facility. Melsert added that the gross profit generated from the facility will help fund the continued expansion of its first recycling operation, development of a second recycling facility, and the construction and ramp-up of its lithium mine and refinery as part of efforts to build a closed-loop domestic critical mineral supply chain in the United States.
On April 28, 2026, Maxim initiated coverage of American Battery Technology Company (NASDAQ:ABAT) with a Buy rating and a $6 price target on the shares.
American Battery Technology Company (NASDAQ:ABAT) develops battery materials technologies and explores for battery metals, including lithium, nickel, cobalt, and manganese, in the United States.
