In this article, we will discuss: 7 Best EV Battery Stocks to Buy Now.
According to a January 6, 2026, Bloomberg report, global sales of electric vehicles are anticipated to continue growing in 2026, but at a slower rate as regulatory support fades in key markets. Global passenger EV sales are projected to reach 24.3 million units this year, up 12% from 2025 and up 23% from the previous year, as per BloombergNEF. Reduced subsidies in China, concern over Europe’s phaseout of combustion engines, and pullback by US policymakers are all contributing factors to the slowdown. EV sales in the US dropped by 41% year over year in November and are projected to decline by 15% annually in 2026.
Industry executives anticipate near-term challenges. Nathan Niese, global lead for EVs and energy storage at Boston Consulting Group, described an “EV winter” in the United States and stated that there is not a 2026 story hidden in there that says that there is lots to be bullish about. China’s development is also projected to slow down after tax benefits are eliminated in 2026. As stated by Michael Dunne, CEO of Dunne Insights, “The Chinese government is definitely trying to cool the price war.” BloombergNEF predicts that falling battery prices will encourage long-term demand.
With that said, here are the 7 Best EV Battery Stocks to Buy Now.
Photo by Michael Fousert on Unsplash
Our Methodology
We sifted through the online rankings to form an initial list of the 15 Best EV Battery Stocks to Buy Now. From the resultant dataset, we chose the 7 Best EV Battery Stocks with the highest number of hedge fund holders for each stock using Insider Monkey’s database of hedge funds as of Q3 2025. We also considered the analysts’ upside potential as of January 16. Finally, we ranked these stocks in ascending order based on 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
7. Electrovaya Inc. (NASDAQ:ELVA)
Number of Hedge Fund Holders: 6
Analysts’ Upside Potential as of January 16: 20.83%
Electrovaya Inc. (NASDAQ:ELVA) is among the Best EV Stocks.
The Fly reported on December 12, 2025, that Raymond James reaffirmed its Strong Buy recommendation and lifted its price objective for Electrovaya Inc. (NASDAQ:ELVA) from $6 to $9.50. According to the firm, the growing trend in the material handling industry toward lithium-ion batteries helps the business maintain profitable revenue growth. Furthermore, Raymond James cited a number of significant announcements with regard to new verticals made during the quarter. The firm claimed that these events show an increasing recognition of the corporation’s innovative technology in a variety of businesses.
Oppenheimer also started covering Electrovaya Inc. (NASDAQ:ELVA) on December 18, 2025, with an Outperform recommendation and a $14 price objective. The firm was defined by the firm as a competitive battery technology platform with defensible intellectual property in materials design, manufacture, and handling. As stated by Oppenheimer, the business has the potential to expand within the material handling industry and become a significant facilitator of the performance of autonomous mobile robots.
Electrovaya Inc. (NASDAQ:ELVA) is a lithium-ion battery firm with a focus on technology.
6. Li Auto Inc. (NASDAQ:LI)
Number of Hedge Fund Holders: 14
Analysts’ Upside Potential as of January 16: 29.67%
Li Auto Inc. (NASDAQ:LI) is among the Best EV Stocks.
On January 16, 2026, TheFly reported that Macquarie kept its Underperform rating and dropped its price objective for Li Auto Inc. (NASDAQ:LI) from $17 to $15. The firm stated that significant cash discounts on long-range electric car models, such as the L9 and L8, could impede an upsurge of revenue. Furthermore, Macquarie stated that growing input costs are putting pressure on profits. It further added that, considering the fierce competition in the BEV SUV market, the planned i9 and i7 battery electric vehicle releases are unlikely to be major draws for drivers.
Separately, on January 15, 2026, Citi reaffirmed its Neutral rating and lowered its price target for Li Auto Inc. (NASDAQ:LI) from $20.20 to $18.50. Citi downgraded its sales predictions for 2026 and 2027, noting lower-than-expected January orders, aging of the L series product lineup, higher rivalry challenges, and bigger price concessions throughout the market.
Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.
5. SES AI Corporation (NYSE:SES)
Number of Hedge Fund Holders: 14
Analysts’ Upside Potential as of January 16: 81.82%
SES AI Corporation (NYSE:SES) is among the Best EV Stocks.
SES AI Corporation (NYSE:SES) and Top Material announced plans to work together to increase battery cell manufacturing capacity in Korea for drones and urban air transportation applications, according to a report published in TheFly on December 18, 2025. This partnership aims to promote compliance with the US National Defense Authorization Act. It is based on a non-binding agreement, with a definitive agreement expected in Q1 2026.
SES AI Corporation (NYSE:SES) reported $7.1 million in revenue for the latest quarter, up $3.6 million from the previous quarter, with a 51% gross margin. The corporation utilized $14.3 million in operating cash and reported a GAAP net loss of $20.9 million, or $(0.06) per share. Liquidity at the end of the quarter was $214 million. The company introduced the MU-1 Molecular Universe platform, formed a joint venture with Hisun New Materials, and successfully acquired UZ Energy to enter the energy storage systems market. The revenue forecast for the entire year 2025 was revised to $20 million to $25 million.
SES AI Corporation (NYSE:SES) is a developer and manufacturer of high-performance, AI-enhanced lithium-metal and lithium-ion rechargeable battery technology. These are used for electric vehicles, urban air mobility, drones, robotics, and battery energy storage systems.
4. Amprius Technologies, Inc. (NYSE:AMPX)
Number of Hedge Fund Holders: 30
Analysts’ Upside Potential as of January 16: 69.16%
Amprius Technologies, Inc. (NYSE:AMPX) is among the Best EV Stocks.
On January 8, 2026, TheFly reported that Northland selected Amprius Technologies, Inc. (NYSE:AMPX) as a 2026 Top Pick. It also retained an Outperform rating and a $20 price target on the stock. According to the firm, Amprius has the potential to profit from the secular expansion of drones, and management is setting up the business to gain a significant portion of the market.
Amprius Technologies, Inc. (NYSE:AMPX) was also given an Innovation Award by the Consumer Technology Association during CES 2026, which took place in Las Vegas from January 6-9. Its next-generation lithium-ion batteries built on its Silicon Anode Platform were honored with this award. The company’s CES booth showcased practical uses for its batteries, such as a Nokia drone.
The corporation generated a record $21.4 million in revenue during the last quarter, representing a 173% growth from the same period last year and a 42% increase from the previous quarter. Furthermore, it supplied batteries to 159 consumers, elevating the total number of clients to 444.
Amprius Technologies, Inc. (NYSE:AMPX) produces silicon anodes for lithium-ion batteries with high energy density.
3. Stellantis N.V. (NYSE:STLA)
Number of Hedge Fund Holders: 32
Analysts’ Upside Potential as of January 16: 12.77%
Stellantis N.V. (NYSE:STLA) is among the Best EV Stocks.
TheFly reported on January 13, 2026, that HSBC increased its price target on Stellantis N.V. (NYSE:STLA) from EUR 8.50 to EUR 10. It kept a Hold rating, noting that 2026 seems more predictable for automakers following revisions throughout its automotive coverage.
On January 9, 2026, CNBC reported that Stellantis N.V. (NYSE:STLA) announced that it will phase out electric hybrid Jeep Wrangler, Chrysler Pacifica vehicles, and Jeep Grand Cherokee vehicles in North America starting with the 2026 model year. The business listed weakening U.S. fuel-economy regulations, quality problems, and declining EV sales as major causes. The corporation cited declining customer demand and the necessity to focus on more competitive electric options, such as hybrids and range-extended vehicles, as the driving forces for the decision.
Its previous focus on PHEVs is reversed by this action. In 2024, the company projects those models to account for 41% of PHEV sales in the United States, with a volume of 160,000 to 170,000 units. Stellantis N.V. (NYSE:STLA) stated that a recall due to a fire danger is unrelated to the cancellation decision. Jeep will keep offering battery-electric SUVs, such as the Recon and Wagoneer S.
Stellantis N.V. (NYSE:STLA) is involved in the design, engineering, manufacture, distribution, and sale of vehicles and components.
2. NIO Inc. (NYSE:NIO)
Number of Hedge Fund Holders: 34
Analysts’ Upside Potential as of January 16: 32.31%
NIO Inc. (NYSE:NIO) is among the Best EV Stocks.
TheFly on January 16, 2026, reported that Macquarie kept its Outperform rating on NIO Inc. (NYSE:NIO). It boosted its price objective from $5.30 to $6.10. The firm raised its volume estimate for FY26 by 7%, stating higher demand for the Firefly and ES8 models. Although Macquarie anticipates a higher net loss and margin compression in FY26, it believes that volume growth of about 40% is feasible. This level of expansion would help the corporation to expand its market share in spite of the generally unfavorable conditions for China’s electric vehicle industry.
Separately, on January 13, 2026, Reuters reported that NIO Inc. (NYSE:NIO) stated it would keep expanding its commercial operations in Europe. This was in response to the European Commission’s declaration detailing the terms under which Chinese-made EV manufacturers might substitute minimum pricing plans for EU tariffs. The company commented that it was encouraged by ongoing talks aimed at establishing a mutually respectful compromise. It also applauded the progress made between China and the European Union.
NIO Inc. (NYSE:NIO) is a renowned electric car manufacturer that focuses on the premium category.
1. General Motors Company (NYSE:GM)
Number of Hedge Fund Holders: 71
Analysts’ Upside Potential as of January 16: 4.30%
General Motors Company (NYSE:GM) is among the Best EV Stocks.
Goldman Sachs boosted its price objective for General Motors Company (NYSE:GM) to $98 from $93 on January 15, 2026. It kept a Buy rating, as reported by TheFly on January 15, 2026. As per the analyst Mark Delaney, the update takes into account recent data on auto sales as well as growth projections for 2026 that were discussed at conferences by several suppliers.
Separately, General Motors Company (NYSE:GM) CEO Mary Barra stated that the Trump administration’s regulatory changes, such as the removal of the $7,500 EV tax credit and the relaxation of tailpipe emissions regulations, forced the company to modify its product plans, as reported by Reuters on January 12, 2026. The corporation reduced its investment in electric vehicles by billions of dollars while expanding its reliance on combustion engines. Barra confirmed that the firm still sees EVs as “the end game” and anticipates a boost in adoption as costs come down and charging infrastructure gets better. The company is testing conventional hybrids and is still working on plug-in hybrids. Barra stressed the need to remain adaptable in light of potential future shifts in regulations. The firm will continue to prioritize EVs, citing their advantages for customers, even as several competitors, including Ford, minimize EV programs. Following a $1.6 billion charge for the third quarter, the corporation announced this month that it would incur a $6 billion charge to unwind its investments in electric vehicles.
General Motors Company (NYSE:GM) designs, manufactures, and sells trucks, crossovers, cars, and automotive parts, as well as software-enabled services and subscriptions.
While we acknowledge the potential of GM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GM and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best Performing Stocks in 2025 and 12 Best Food Stocks to Buy in 2026.
Disclosure: None. 7 Best EV Battery Stocks to Buy Now is originally published on Insider Monkey. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
