CNBC Pro

Goldman Sachs names 6 EV battery stocks to watch beyond Tesla

A MEB battery system of an electric car Volkswagen ID.3 is installed in the VW plant Salzgitter.
Julian Stratenschulte | picture alliance | Getty Images

The future of electric vehicles is going to be dictated by the firms who are trying to improve the batteries that power them, according to Goldman Sachs analysts.

While Tesla is arguably the go-to stock for investors who want to back EVs, Goldman analysts believe there's money to be made on companies working on niche battery technologies.

These firms, the investment bank says, are particularly well placed to make breakthroughs in the current lithium ion batteries, and the next generation of all solid-state batteries, or ASSBs.

Here's the full list:

More In Street Calls

CNBC ProWall Street analysts are getting bullish on these 'under-the-radar' stocks
CNBC ProBofA upgrades Alliant Energy to buy, saying it will benefit from climate bill
CNBC ProHere are Friday's biggest analyst calls: Rivian, Oracle, Teladoc, Bed Bath & Beyond, Walmart & more