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'Lithium Batteries Are the New Oil,' According to Elon Musk — Here Are 2 Stocks to Take Advantage

Not long ago, data was being touted as the ‘new oil,’ while in some quarters that epithet has been bestowed at times on copper, or even, fresh water. However, according to a statement made by Elon Musk, ‘lithium batteries are the new oil.’ That may not be such a surprising take, considering that lithium plays a crucial role in the rechargeable battery technology needed to power electric vehicles (EVs). While Tesla currently sources its lithium from several producers, ...
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Source: yahoo.com

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BYD closes in on Tesla in Q2 BEV sales

The global automotive landscape is undergoing a decisive shift toward new energy vehicles (NEVs). TrendForce reports that in 1H23, NEV sales – which encompass battery electricity vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs) – soared to an impressive 5.462 million units, reflecting a growth of 33.6% YoY.
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