Global EV penetration is expected to rise to 40% by 2030, and the number of EVs will reach 26 million units by 2026. According to Delta Electronics founder Bruce Cheng, global EV penetration will reach 17% by 2023, 24% by 2024, and nearly 33% by 2025. EV sales volume is likely to reach 14 million units in 2023 and 28.5 million units in 2025.
As the world continues to adopt electric vehicles and other high-intensity battery applications, the demand for today’s featured company’s offering should skyrocket. What’s more, this high-growth potential name with global exposure is currently trading at a discount.
The #1 stock for 2023
The #1 Stock for 2023
According to former Goldman Sachs executive, Nomi Prins…
Americans who are hoping for a ‘return to normal’ are going to be shocked when they see what happens next in America.
She says, “If you’re betting your job, savings, or retirement accounts on a return to ‘normal’ you’re about to be left behind by a brand-new crisis few see coming.”
Go here now to see America’s next crisis
Legacy Research:
A Return to Normal? PhD Economist: “Don’t Bet on It”
According to former Goldman Sachs executive, Nomi Prins…
Americans who are hoping for a ‘return to normal’ are going to be shocked when they see what happens next in America.
She says, “If you’re betting your job, savings, or retirement accounts on a return to ‘normal’ you’re about to be left behind by a brand-new crisis few see coming.”
Go here now to see America’s next crisis
Sociedad Química y Minera de Chile (SQM)
Global demand for lithium is expected to surge more than 500% by 2030, according to the public-private alliance Li-Bridge. Sociedad Química y Minera de Chile has tremendous lithium production capabilities and current reserves. Operating in one of the world’s more stable and reliable low-cost mining countries, Chile, SQM is also highly profitable.
Shares have dipped 10% in the past six months thanks to fears of an economic slowdown. While that is a legitimate risk for 2023, lithium should remain in high demand over the longer haul. SQM shares are changing hands for less than seven times forward earnings while offering an excellent 9% dividend yield.
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