Samsung SDI A Play On The Electric Vehicles Battery MarketRupert Hargreaves
Samsung SDI could gain as the Electric Vehicles Battery Market grows, says one value investor.
According to research from Goldman Sachs, the lithium-ion battery market will be worth an estimated $40 billion by 2025 as demand for electric vehicles skyrockets. Chinese policymakers expect 5 million electric vehicles to be on the country’s roads by 2020. In 2016 507,000 battery electric and plug-in hybrid vehicles were sold in China, an increase of 50% year-on-year.