8 Most Profitable Lithium Stocks to Invest In

3. Panasonic Holdings Corporation (OTC:PCRFF)

Last Year’s Net Income: $2.12 billion

Number of Hedge Fund Holders: N/A

Panasonic Holdings Corporation (OTC:PCRFF) has strengthened its position in the lithium battery sector through strategic expansion and innovation. The company runs several divisions, with its Energy unit being vital for EVs and the energy storage industry. With a focus on cutting-edge battery technology, Panasonic aims to boost efficiency and cut costs in the lithium market.

For the nine months ended December 31, 2024, Panasonic Holdings Corporation (OTC:PCRFF) posted total sales of $42.9 billion, up 2% from the previous year. However, its Energy unit saw sales drop 9% to $4.3 billion due to lower output at its Japanese plant and price cuts. Despite this, the Energy unit’s profit rose to $646 million, driven by increased sales of storage systems for data centers and higher profits at its North American plant.

Panasonic Holdings Corporation (OTC:PCRFF) completed plans to mass-produce its new 4680 lithium-ion battery cells, which hold five times more power than standard 2170 cells. The company reinforced its leadership in battery innovation by revamping its Wakayama plant in Japan as the global hub for 4680 production. These new cells should give EVs a longer driving range while lowering costs, making Panasonic a key supplier in the EV battery sector.

Beyond technological advancements, Panasonic Holdings Corporation (OTC:PCRFF) is expanding its partnerships to strengthen its lithium battery production network. The company entered into agreements with Subaru and Mazda to set up new lithium-ion battery plants. Additionally, it started supplying batteries for heavy-duty electric trucks in the U.S. through Hexagon Purus ASA and Hino Motors Sales USA. With ongoing investments in next-generation battery solutions and global production, Panasonic remains a top pick among the most profitable lithium stocks.