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The global EV Battery Cell and Pack Materials market is experiencing significant growth, with its value projected to expand from $21.1 billion in 2024 to $48.7 billion by 2030, at a CAGR of 15%. This growth is propelled by increasing electric vehicle adoption, advancements in battery technology such as solid-state batteries, and heightened environmental concerns. The demand for high-performance batteries is driving a surge in the need for materials like lithium, cobalt, nickel, and graphite, while innovations in recycling technologies contribute to a more sustainable supply chain. The industry's focus on sustainability and ethical sourcing is encouraging investment in innovative solutions, aiming to reduce reliance on rare earth metals and minimize environmental impact.

In other market news, Pirelli & C was a notable mover up 4.6% and closing at €6.09, near its 52-week high. Two days ago, the company reported a significant year-over-year increase in fourth-quarter net income from EUR 84.9 million to EUR 130 million. At the same time, WeRide softened, down 15% to end the day at $19.83. On Friday, WeRide launched its first fully driverless commercial Robobus service in Europe, marking its global expansion.

Pirelli & C leverages partnerships and innovations in high-value tires to drive growth and stability. Discover more about Pirelli's strategic initiatives and market positioning by reading the full narrative.

To explore the evolving landscape of the electric vehicle market and Tesla's shifting position, be sure to check out our Market Insights article, "Which Markets Will Sink Or Swim In 2025," which provides a detailed analysis of industry trends and challenges facing major players like Tesla.

Best EV Stocks

• NIO closed at $4.79 up 1.5%.

• Ford Motor closed at $9.29 down 1.9%, close to the 52-week low.

• Tesla finished trading at $281.95 down 3%.

Next Steps

• Navigate through the entire inventory of 58 EV Stocks including Sailun Group, BorgWarner and Contemporary Amperex Technology here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.