15 Best EV Stocks To Buy According to Billionaires

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11. EnerSys (NYSE:ENS)

Number of Billionaire Investors: 8

Number of Hedge Fund Holders: 30

EnerSys (NYSE:ENS) is one of the best EV stocks to buy according to billionaires. The company provides stored energy solutions for various markets and industrial applications. It offers batteries, chargers, monitoring and fleet management, energy systems, and related services. EnerSys (NYSE:ENS) produces batteries and energy storage solutions for various industries, including telecommunications, defense, and electric vehicles (EVs). The company’s batteries and chargers are used in industrial electric-powered vehicles.

Through its Motive Power business, EnerSys (NYSE:ENS) provides batteries and chargers for electric forklift trucks and other industrial electric vehicles. Additionally, through its New Ventures division, the company offers energy storage and management systems for various applications including utility backup power and dynamic fast charging for electric vehicles. In September 2024, EnerSys (NYSE:ENS) reported that it was chosen for a $199 million Department of Energy award negotiation to partially fund the company’s planned lithium-ion cell production facility in South Carolina. EnerSys (NYSE:ENS) expects to invest approximately $615 million over 4 years in this facility, which will produce five gigawatt-hours (GWh) of lithium-ion cells annually. The facility will produce lithium-ion cells for various products across EnerSys’ (NYSE:ENS) business areas, including fast charging systems, NexSys iON batteries for electric forklifts, Alpha XRT-Li power systems for communication networks, and future high-energy Li6T batteries for military vehicles.

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