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Overview
The international community is in the midst of a battery revolution. Shares of electric vehicle maker Tesla (NASDAQ:TSLA) surged 695 percent in 2020, making it one of the most valuable companies in the world and showcasing the promising growth narrative of the electric vehicle boom.
The revolution for electric powered cars is not only being led by Tesla but many other car companies including (NYSE:NIO), which is expected to increase production capacity from around 60,000 vehicles a year to 150,000 by the end of this year. Volkswagen (OTC Pink:VWAGY), General Motors (NYSE:GM), Nissan (OTC Pink:NSANY), Hyundai (OTC Pink:HYMTF) and BMW are also investing heavily into the boom.