5 Best Battery Stocks To Buy Heading Into 2024

2. General Motors Company (NYSE:GM)

Number of Hedge Fund Investors In Q2 2023: 72

General Motors Company (NYSE:GM) is typically known for its cars. However, the firm has partnered up with Samsung and LG to set up new battery manufacturing plants in the U.S. that are worth billions of dollars. These days, General Motors Company (NYSE:GM) electric vehicle plans are under quite a bit of pressure due to union strikes that have hampered manufacturing output.

During 2023’s June quarter, 72 hedge funds out of the 910 surveyed by Insider Monkey were the car maker’s shareholders. General Motors Company (NYSE:GM)’s biggest investor among these is Natixis Global Asset Management’s Harris Associates as it owns $1.4 billion worth of shares.

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