In this article, we will discuss: Goldman Sachs EV and Battery Stocks: Top 10 Stock Picks.
On February 13, 2026, Reuters cited Benchmark Mineral Intelligence and reported that global EV registrations dropped 3% year over year to around 1.2 million units in January. China levied a purchase tax and reduced subsidies, while President Donald Trump implemented policy adjustments. China EV registrations fell 20% to around 600,000, the lowest level in almost two years. North American EV registrations plunged 33% to slightly over 85,000, with the United States experiencing its weakest month since early 2022. EV registrations in Europe grew by 24% to more than 320,000, the weakest growth since last February. Carmakers with a high exposure to the US market wrote down $55 billion last year due to slow demand, price wars in China, and complex European market dynamics.
EV registrations in the rest of the world increased by 92% to just under 190,000, setting a new record, due to incentives in Thailand and growth in South Korea and Brazil. BMI data manager Charles Lester commented that China is exporting more electric vehicles, and this trend is projected to persist.
With that said, here are the Goldman Sachs EV and Battery Stocks: Top 10 Stock Picks.
Photo by Michael Fousert on Unsplash
Our Methodology
We used Goldman Sachs’ 13F portfolio and selected the 10 biggest positions in EV and battery firms during the quarter for this list. We have mentioned Goldman Sachs’ stake value and the hedge fund sentiment towards each stock as of Q3 2025. The list is ranked in ascending order of the firm’s stake value in each holding.
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).
10. Lucid Group, Inc. (NASDAQ:LCID)
Goldman Sachs’ Stake Value: $8.97 million
Number of Hedge Fund Holders: 21
Lucid Group, Inc. (NASDAQ:LCID) is among the Goldman Sachs EV and Battery Stocks.
On February 9, 2026, Lucid Group, Inc. (NASDAQ:LCID) named Neil Marsons as Senior Vice President of Supply Chain. He will oversee global supply chain expansion and support manufacturing in Arizona and Saudi Arabia. Marsons formerly worked as Group Chief Procurement Officer at Rolls-Royce and has advised Lucid Group, Inc. (NASDAQ:LCID) on supply chain strategy for the past six months. He will be reporting to Interim CEO Marc Winterhoff. Meanwhile, Senior Vice President of Strategy and Business Development Claudia Gast is leaving the EV company to pursue new opportunities. She previously directed strategic planning, while Neil Marsons handled the supply chain.
On January 6, 2026, Baird analyst Ben Kallo reduced the price target on Lucid Group, Inc. (NASDAQ:LCID) to $14 from $17. The analyst kept a Neutral rating after upgrading his model post uneven Q4 deliveries, while full-year production exceeded expectations.
On January 5, 2026, the firm reported that it produced 18,378 vehicles and delivered 15,841 vehicles in 2025. Lucid Group, Inc. (NASDAQ:LCID) manufactured 8,412 vehicles and delivered 5,345 during the fourth quarter of 2025.
Lucid Group, Inc. (NASDAQ:LCID) produces electric vehicles. It designs, develops, and manufactures energy storage solutions for electric vehicles, as well as providing manufacturers with battery pack systems for hybrid, plug-in, and electric vehicles.
9. EVgo, Inc. (NASDAQ:EVGO)
Goldman Sachs’ Stake Value: $11.39 million
Number of Hedge Fund Holders: 27
EVgo, Inc. (NASDAQ:EVGO) is among the Goldman Sachs EV and Battery Stocks.
On January 13, 2026, EVgo, Inc. (NASDAQ:EVGO) declared its plans to install at least 150 fast charging stalls yearly at Kroger Family of Stores sites throughout the United States by 2035. The expansion develops on a partnership that began in 2022. It will include up to 16 high-power fast charging stalls at certain Kroger locations to provide customers with consistent fast charging while they shop.
On January 27, 2026, EVgo, Inc. (NASDAQ:EVGO) reported plans to expand its NACS connector network following a 2025 pilot that placed roughly 100 connectors in 22 major metropolitan areas. Its goal is to have more than 500 NACS connectors installed by the end of the year. CEO Badar Khan noted that adding NACS connectors will increase public fast charging access as more than 35 NACS vehicle models appear on American roads.
Separately, the firm reported $92.3 million in overall revenue in the latest quarter, a 37% increase over the previous year. The company also announced $55.8 million in charging network revenue, which is a 33% YoY growth. Furthermore, the network throughput reached 95 GWh, there were 4,590 stalls, and the cash balance reached $201 million.
EVgo, Inc. (NASDAQ:EVGO) provides electric vehicle charging station services. It provides electric car users with the EVgo network, Freedom Station plans, and home and workplace charging options.
8. Li Auto Inc. (NASDAQ:LI)
Goldman Sachs’ Stake Value: $13.63 million
Number of Hedge Fund Holders: 14
Li Auto Inc. (NASDAQ:LI) is among the Goldman Sachs EV and Battery Stocks.
On February 9, 2026, JPMorgan cut Li Auto Inc. (NASDAQ:LI) to Underweight from Neutral and reduced its price objective to $14 from $18. The corporation forecasts China’s auto industry to underperform in 2026 as passenger vehicle growth slows. JPMorgan downgraded Li Auto Inc. (NASDAQ:LI)’s profitability prediction for this year to a loss, noting lower sales volumes and margins, as well as a shortage of new models.
Separately, the firm delivered 27,668 automobiles on February 1, 2026. As of January 31, 2026, the total number of deliveries was 1,567,883. The firm released OTA version 8.2, which includes 40 new features and 25 experience upgrades across assisted driving, smart space, and smart electric functions. Li Auto Inc. (NASDAQ:LI) has 547 retail locations in 159 cities and 547 service facilities and authorized shops in 221 cities. Furthermore, the corporation controlled 3,966 supercharging stations and 21,945 charging stalls throughout China.
Li Auto Inc. (NASDAQ:LI) designs, develops, manufactures, and sells premium smart electric automobiles. Its vehicles include the Li MEGA, a high-tech flagship family MPV, the Li L9, a six-seat flagship family SUV, the Li L8, a six-seat premium family SUV, and the Li L7, a five-seat flagship SUV.
7. Blue Bird Corporation (NASDAQ:BLBD)
Goldman Sachs’ Stake Value: $33.50 million
Number of Hedge Fund Holders: 31
Blue Bird Corporation (NASDAQ:BLBD) is among the Goldman Sachs EV and Battery Stocks.
On February 5, 2026, BofA lifted Blue Bird Corporation (NASDAQ:BLBD)’s price goal to $65 from $62 and retained a Buy rating, noting another set of strong earnings.
On February 5, 2026, Needham boosted Blue Bird Corporation (NASDAQ:BLBD)’s price objective from $70 to $78 while maintaining a Buy rating. The company reported flat revenues, a bottom-line beat, and increased full-year EBITDA projections. Needham pointed out a stronger margin profile and strategic scarcity after recent M&A activity in the North American specialty vehicle industry.
Separately, on February 5, 2026, Barclays boosted Blue Bird Corporation (NASDAQ:BLBD)’s price objective to $55 from $50 and maintained an Overweight rating following the Q1 release. The company’s sales and profits exceeded expectations, and its backlog grew.
On February 4, 2026, the firm announced $333.1 million in fiscal 2026 first-quarter net sales and $30.8 million in GAAP net income, with diluted EPS of $0.94. The corporation made $50.1 million in adjusted EBITDA at a 15% margin and sold 2,135 buses. Revenue climbed by $19.2 million year over year, caused by pricing changes and product mix, whereas bus sales gained 6.8% due to higher average fares. Gross profit climbed by $10.9 million to $71.2 million, as stronger sales offset rising costs. Blue Bird Corporation (NASDAQ:BLBD) delivered 121 electric buses in this period and ended with over 850 EV buses in firm order backlog.
Blue Bird Corporation (NASDAQ:BLBD) designs and manufactures school buses. It operates through the Bus and Parts categories.
6. XPeng Inc. (NYSE:XPEV)
Goldman Sachs’ Stake Value: $66.44 million
Number of Hedge Fund Holders: 22
XPeng Inc. (NYSE:XPEV) is among the Goldman Sachs EV and Battery Stocks.
On February 6, 2026, Citi analyst Jeff Chung reduced XPeng Inc. (NYSE:XPEV)’s price objective from $28.40 to $27.60 while maintaining a Buy rating. The company anticipates XPeng to deliver 1,000 humanoid robots in the last quarter of the year.
On February 9, 2026, JPMorgan trimmed its price objective for XPeng Inc. (NYSE:XPEV) to $34 from $50 and retained an Overweight rating. The corporation anticipates China’s auto industry to underperform in 2026 as passenger vehicle growth slows. JPMorgan also reduced Li Auto’s profitability projection to a loss because of lower sales volumes and margins.
On February 9, 2026, XPeng Inc. (NYSE:XPEV) implemented the start-and-stop charge payment feature on the XPENG App in Hong Kong, with Antom’s assistance. Users can scan charging pile QR codes, monitor charging sessions, and pay with AlipayHK, with more payment options on the way.
The firm disclosed unaudited fourth-quarter results, reporting RMB20.38 billion in sales, a 20.1% gross margin, and a 13.1% vehicle margin.
XPeng Inc. (NYSE:XPEV) specializes in the design, development, manufacture, and marketing of smart electric vehicles. It produces environmentally friendly vehicles, including an SUV (the G3) and a four-door sports sedan (the P7).
5. NIO Inc. (NYSE:NIO)
Goldman Sachs’ Stake Value: $73.28 million
Number of Hedge Fund Holders: 34
NIO Inc. (NYSE:NIO) is among the Goldman Sachs EV and Battery Stocks.
On February 9, 2026, JPMorgan analyst Nick Lai cut NIO Inc. (NYSE:NIO)’s price objective from $8 to $7 and retained an Overweight rating. The corporation predicted that China’s auto industry would underperform in 2026, noting falling passenger vehicle growth. JPMorgan also reduced Li Auto’s profitability prediction to a loss this year due to lower sales volumes and margins.
On February 1, 2026, the company delivered 27,182 vehicles in January 2026, representing a 96.1% growth year on year. The deliveries comprised 2,807 vehicles from the compact smart high-end electric car brand Firefly, 3,481 vehicles from the family-focused smart EV brand ONVO, and 20,894 vehicles from its premium smart EV brand Nio. A total of 1,024,774 units have been delivered as of January 31, 2026.
Separately, on January 16, 2026, Macquarie kept its Outperform rating on NIO Inc. (NYSE:NIO). The price target jumped from $5.30 to $6.10. The corporation raised its FY26 volume prediction by 7% due to increasing demand for the ES8 and Firefly models. Macquarie considers that volume growth of around 40% is conceivable, even if it anticipates a larger net loss and margin compression in FY26. This level of expansion would enable the company to increase its market share despite the generally challenging conditions in China’s electric vehicle industry.
NIO Inc. (NYSE:NIO) is a holding company that designs, manufactures, and sells electric vehicles. Its models include the EP9 supercar and the ES8 seven-seater SUV. It offers home charging, power express valet services, and other power options, such as public charging, access to power mobile charging trucks, and battery swapping.
4. Rivian Automotive, Inc. (NASDAQ:RIVN)
Goldman Sachs’ Stake Value: $112.68
Number of Hedge Fund Holders: 36
Rivian Automotive, Inc. (NASDAQ:RIVN) is among the Goldman Sachs EV and Battery Stocks.
On February 13, 2026, Baird decreased Rivian Automotive, Inc. (NASDAQ:RIVN)’s price objective to $23 from $25 while maintaining an Outperform rating. The firm modified its model after reviewing fourth-quarter results and altering its outlook to reflect consensus expectations.
On the same day, TD Cowen analyst Itay Michaeli boosted Rivian Automotive, Inc. (NASDAQ:RIVN)’s price objective from $13 to $17 and retained a Hold rating. The analyst noted favorable results despite recent obstacles, with the 2026 forecast meeting expectations and relieving concerns about EV demand and R1 cannibalization.
Separately, on February 12, 2026, the company announced $120 million in fourth-quarter consolidated gross profit and $144 million for the entire year of 2025. The firm showed a year-over-year improvement of more than $1.3 billion. R2 deliveries are expected in the second quarter of 2026. RJ Scaringe, CEO of Rivian Automotive, Inc. (NASDAQ:RIVN), underlined that 2025 focused on performance while setting the groundwork for operational scale.
Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electric vehicles and accessories. It operates in the following categories: automotive, software, and services.
3. General Motors Company (NYSE:GM)
Goldman Sachs’ Stake Value: $493.80 million
Number of Hedge Fund Holders: 71
General Motors Company (NYSE:GM) is among the Goldman Sachs EV and Battery Stocks.
On February 10, 2026, Benchmark analyst Mickey Legg upgraded General Motors Company (NYSE:GM) price objective to $90 from $65 while maintaining a Buy rating. The analyst pointed out the company’s solid execution in 2025, stating that the corporation met operational, strategic, and capital return targets.
Separately, on February 9, 2026, Reuters reported that General Motors Company (NYSE:GM) recruited Claudia Gast from Lucid Motors as deputy CFO and vice president of strategy, corporate development, and technology partnerships. She will take over on March 1, reporting to CEO Mary Barra for strategy and CFO Paul Jacobson for corporate growth and technology partnerships. Gast is set to replace Zach Kirkman, a former Tesla executive who joined General Motors Company (NYSE:GM) in 2023. The firm clarified that her responsibilities will include scouting collaborations with technology businesses.
On January 15, 2026, Goldman Sachs elevated its price target for General Motors Company (NYSE:GM) from $93 to $98 while retaining a Buy rating. Its analyst Mark Delaney took into account recent vehicle sales statistics as well as growth estimates for 2026 revealed by suppliers at conferences.
General Motors Company (NYSE:GM) designs, manufactures, and sells trucks, crossovers, cars, and automotive parts, as well as software-enabled services and subscriptions. It operates in four segments: GMNA, GMI, Cruise, and GM Financial.
2. Stellantis N.V. (NYSE:STLA)
Goldman Sachs’ Stake Value: $780.74 million
Number of Hedge Fund Holders: 32
Stellantis N.V. (NYSE:STLA) is among the Goldman Sachs EV and Battery Stocks.
On February 10, 2026, Freedom Capital analyst Dmitriy Pozdnyakov raised Stellantis N.V. (NYSE:STLA) to Buy from Hold and issued a $9 price target, down from $11.30. The firm released preliminary results showing a sequential rise in auto deliveries. Management announced a strategic shift in response to lower-than-expected EV demand. The firm decreased its projections for 2026-27, even though it still expects a sales revival and market share growth in the United States.
Separately, on February 11, 2026, Bloomberg reported that Stellantis N.V. (NYSE:STLA) intends to exit its U.S. battery joint venture with Samsung SDI. The manufacturer plans to unwind EV investments and preserve cash after posting a charge of more than EUR22 billion last week. The corporation has considered various disposal possibilities but has not made a final decision.
On January 13, 2026, HSBC raised the price objective for Stellantis N.V. (NYSE:STLA) from EUR 8.50 to EUR 10 while maintaining a Hold rating.
Stellantis N.V. (NYSE:STLA) is involved in the design, engineering, manufacture, distribution, and sale of automobiles and components. The company’s brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, Vauxhall, Free2move, and Leasys.
1. Tesla, Inc. (NASDAQ:TSLA)
Goldman Sachs’ Stake Value: $12,328.17 million
Number of Hedge Fund Holders: 120
Tesla, Inc. (NASDAQ:TSLA) is among the Goldman Sachs EV and Battery Stocks.
On February 12, 2026, Tigress Financial began coverage of Tesla, Inc. (NASDAQ:TSLA), giving it a Buy rating and a $550 price target. It anticipates the company’s long-term growth and value creation to increase as it transitions from a pure-play EV maker to a multi-layered physical AI platform. Tigress noted growing Full Self Drive subscriptions, robotaxis, and Optimus humanoid robots as key drivers of a physical AI growth flywheel built on an existing big and successful EV and energy platform.
On the same day, the China Passenger Car Association reported that Tesla, Inc. (NASDAQ:TSLA)’s domestic China sales dropped 45% year-on-year in January to 18,485 units. Electrek stated that this was the corporation’s lowest monthly retail total in China since November 2022. The data show considerable demand deterioration in the world’s largest EV market.
Separately, on January 21, 2026, Lemonade launched Lemonade Autonomous Car Insurance for self-driving automobiles in collaboration with Tesla, Inc. (NASDAQ:TSLA) Full Self-Driving. The new product reduces per-mile rates by about 50% when FSD is activated. The deployment began on January 26 in Arizona and expanded to Oregon in February.
Tesla, Inc. (NASDAQ:TSLA) is a vertically integrated battery electric vehicle manufacturer and developer of real-world artificial intelligence software, such as self-driving cars and humanoid robots.
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