12 Small Cap EV Stocks to Buy Now

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9. Sigma Lithium Corporation (NASDAQ:SGML)

Market Capitalization: $783.73 Million

Number of Hedge Fund Holders: 21

Sigma Lithium Corporation (NASDAQ:SGML) is a leading Canadian company that focuses on producing lithium for electric vehicle batteries. The company produces Quintuple Zero Green Lithium at its Grota do Cirilo operation in Brazil. This net-zero carbon lithium is made with zero toxic chemicals, no potable water, and no tailings dams. Sigma Lithium Corporation (NASDAQ:SGML) is one of the best EV stocks to invest in.

The company is actively working to increase its production capacity. In Q4 2024, Sigma Lithium Corporation (NASDAQ:SGML) achieved record quarterly production. As a result of the improved efficiencies and the completion of new ultrafines circuit at its Greentech Industrial Lithium Plant, the company increased its production by 28% and produced more than 77,000 tonnes of Quintuple Zero Lithium Concentrate in Q4 2024. For the full year 2024, Sigma Lithium Corporation (NASDAQ:SGML) reported that total production reached over 240,000 tonnes. The company also advanced construction of its Plant 2 in Q4 2024 and completed procurement of long-lead items and foundational work. Sigma Lithium Corporation (NASDAQ:SGML) expects plant commissioning to start in Q4 2025. For the full year 2025, the company aims to produce at least 270,000 tonnes of its Quintuple Zero Lithium Concentrate.

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