12 Best Battery Stocks to Buy According to Billionaires

3. General Motors Company (NYSE:GM)

Number of Billionaire Investors: 15

General Motors (NYSE:GM) designs, builds, and sells vehicles—including trucks, crossovers, and EVs—and offers financing and after-sales services. Working through GM North America, GM International, Cruise, and GM Financial, the company kept its position as America’s top automaker in 2024, growing market share in both internal combustion engine (ICE) and EV segments.

In 2024 General Motors (NYSE:GM) posted a revenue increase of 9% to $187 billion, thanks to 6% higher wholesale volumes, and strong transaction prices, exceeding $50,000. Adjusted EBIT hit $14.9 billion, with EPS growing 38% year-over-year to $10.60 per share. For Q4 ended December 31, 2024, GM delivered $1.92 EPS, beating expectations. The company’s U.S. market share expanded to 16.5% in 2024 and 17.5% in Q4, maintaining strict pricing with the industry’s lowest incentives.

Moreover, the EV segment of General Motors Company (NYSE:GM) gained momentum, with North American production reaching 189,000 units. The segment turned variable profit-positive in Q4, driven by cost efficiencies and scaling, and in the future GM aims for 300,000 EV units in 2025, expecting a $2-4 billion boost in EV profits. The company adjusted its battery strategy, selling its stake in a plant to LG while improving Ultium platform efficiencies.

Moreover, GM has shifted focus from robotaxis at Cruise to personal vehicle autonomy, projecting $1 billion in yearly savings. It plans to double its Super Cruise-enabled fleet in 2025, with a target of $2 billion in subscription revenue within five years. Furthermore, the company eyes 300,000 EV units in 2025, while expecting an increase of $2-4 billion in the EV segment’s profitability.

At the same time, General Motors Company (NYSE:GM) is enhancing battery technology, extending its 14-year LG Energy Solution partnership to develop prismatic cell technology for future EVs. Still, regulatory uncertainties loom, as GM engages with policymakers on EV mandates and potential tariffs on Mexican and Canadian imports. Therefore, General Motors is among the best battery stocks to buy.