In this article, we will discuss the 9 Cheap Solid State Battery Stocks to Invest in Now.
Solid-state batteries are frequently regarded as the electric vehicle (EV) of the future. They have the ability to completely transform the market by providing increased energy density, quicker charging times, and increased safety. But there are still several obstacles in the way of developing high-performance, reasonably priced solid-state technology.
Significant innovation has been spurred by the switch from liquid electrolyte-based lithium-ion batteries to solid or semi-solid state alternatives, especially in China, where automakers like MG Motor are spearheading the movement. The MG4 hatchback will be powered by MG’s semi-solid-state battery, which is a breakthrough in enabling consumers on a tight budget to access next-generation technology. This battery offers improved performance and range in cold climates—at a fraction of the cost of high-end EVs.
Although solid-state batteries continue to hold great potential, experts warn that the technology is still in its early stages. Major manufacturers like Toyota and Volkswagen are making significant investments in solid-state development, which is accelerating the battle to overcome industrial and technical obstacles. The transition to mass manufacturing and economical solutions, however, might not happen until the late 2020s or early 2030s.
Until then, most EVs will still be powered by lithium-ion batteries, which are getting more and more economical and efficient despite their drawbacks. Solid-state batteries could mark a major technological breakthrough, transforming the auto industry and potentially redefining the future of EVs.
With this backdrop, let’s now move on to our list of the 9 Cheap Solid State Battery Stocks to Invest in Now.
A person inspecting a lithium-ion battery that is being recycled.
Our Methodology
To curate our list of the 9 Cheap Solid State Battery Stocks to Invest in Now, we used the Finviz screener to extract a list of companies related to solid state battery technology. These companies, trading under a forward price-to-earnings ratio of 20x, were ranked on the basis of hedge fund sentiment using Insider Monkey’s database that tracks over 1,000 hedge funds. Finally, we present our list of the 9 Cheap Solid State Battery Stocks to Invest in Now in ascending order based on the number of hedge fund holders having stakes in the respective stocks as of Q1 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
9. Honda Motor Co., Ltd. (NYSE:HMC)
Forward Price-to-Earnings: 11.55
Number of Hedge Fund Holders: 11
Honda Motor Co., Ltd. (NYSE:HMC) is included in our list of the 9 Cheap Solid State Battery Stocks to Invest in Now.
Honda Motor Co., Ltd. (NYSE:HMC) released its June 2025 production and sales report on July 30, 2025, highlighting both strategic shifts and obstacles. In June 2025, the company’s total worldwide output came to 287,783 units, a tiny 0.6% year-over-year (YOY) decrease led by a 2.4% decline in production outside of Japan. However, Japan experienced a robust recovery, with 60,804 units produced, an 8.5% year-over-year increase. Japan’s production increased by 9.7%, contributing to the overall trend.
The Japanese market also experienced difficulties, with sales falling 16.9% year over year to 49,263 units, the third consecutive month of declining sales. Sales of mini-vehicles fell 8.3% year over year, continuing their poor performance. Despite a robust 190.7% year-over-year growth in June shipments, which came to 12,012 units, Honda Motor Co., Ltd. (NYSE:HMC) faced difficulties with its export operations.
The 472.4% increase in shipments to the USA, which made a substantial contribution to the overall export rise, was a noteworthy highlight. Despite these conflicting figures, Honda Motor Co., Ltd. (NYSE:HMC) is steadfast in its commitment to sustainable technologies, emphasizing environmentally friendly options.
Notably, Honda Motor Co., Ltd. (NYSE:HMC) revealed a new plan on June 30, 2025, for the production of fuel cell modules in Moka City, Japan. The strategy aims to maintain the company’s long-term commitment to hydrogen technology while reducing initial manufacturing capacity.
Meanwhile, Macquarie downgraded Honda from ‘Outperform’ to ‘Neutral’ on June 25, 2025, indicating a more cautious stance in the face of global manufacturing challenges.
Honda Motor Co., Ltd. (NYSE:HMC) makes motorcycles, automobiles, and power products in Japan. It is included in our list of cheap solid state battery stocks.
8. Toyota Motor Corporation (NYSE:TM)
Forward Price-to-Earnings: 11.89
Number of Hedge Fund Holders: 15
Toyota Motor Corporation (NYSE:TM) is included in our list of the 9 Cheap Solid State Battery Stocks to Invest in Now.
Toyota Motor Corporation (NYSE:TM) announced its first-half 2025 production, sales, and export numbers on July 30, 2025, highlighting strong year-over-year performance across production, sales, and exports. Compared to the 4.89 million units sold during the same period the previous year, global sales increased by 5.5% to 5.16 million units.
Strong demand for new models like the Crown Estate and a comeback from last year’s certification issue and recall led to a notable 12.6% year-over-year increase in Japanese sales. Largely driven by strong demand for Toyota Motor Corporation (NYSE:TM)’s hybrid models, North America, the second-largest market, contributed 1.44 million units, representing a 4.2% YoY increase. With government subsidies for electric vehicles, Toyota’s largest market, Asia, had a 5.4% increase, hitting 1.54 million units.
Toyota Motor Corporation (NYSE:TM) produced 4.92 million units worldwide, a 5.8% increase over the previous year. Asia saw a particularly noteworthy increase in production, rising 6.1% year over year to become the largest production segment. With North America remaining the largest export destination, total exports, excluding Lexus, hit 1.01 million units, the most since 2019 and representing an 8% YoY growth.
Serving Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East, Toyota Motor Corporation (NYSE:TM) manufactures passenger and commercial vehicles, along with related parts. It is included in our list of cheap solid state battery stocks.