However, the long-term thesis for the company remains intact. Looking ahead, the management foresees a sluggish Q4 given the weaker memory backdrop. In the recently concluded quarter, the company’s third-quarter sales rose 52%. When you zoom out, you will see that the company remains a market leader across most of its businesses. That will be reserved for large-scale integrated circuit products, application processors and image sensors, among other products. However, I wouldn’t expect this business segment to give the company massive returns just yet. Samsung’s scientists and engineers developed with solid electrolyte technology, which is denser than the liquid approach, allowing some two to 10 times the energy density of lithium-ion batteries of identical size. The key here is that in conventional EV batteries, the electrolyte is a liquid. Samsung’s Advanced Institute of Technology is working on solid-state batteries to allow EVs to travel up to nearly 500 miles on a single charge and features a cycle life of more than 1,000 charges.
It may come as a surprise that the electronics giant Samsung is also in the EV game, but there you have it. So, without further ado, here are three quantum glass stocks to keep an eye on: 7 Cyclical Stocks Still Hoping for Another Stimulus Round.
Therefore, they have several lines of business that can keep your portfolio safe in the meantime. The good thing is that a couple of names on this list are large conglomerates. Therefore, you should be patient when investing in this space. Besides, these batteries will make EVs less expensive than internal combustion machines.īut at this point, they are not that inexpensive. His company is exploring it in the hopes of making a “ million-mile battery.” It will solve the issues that EVs currently face in terms of refueling. Tesla Chief Executive Officer Elon Musk believes that the concept has some juice behind it. The main problem is that while EVs are excellent in terms of their minimal impact on the environment, lithium-ion is not the best for storage capacity and recharging times.
It uses a glass electrolyte and lithium or sodium metal electrodes and represents the holy grail for the EV sector.Īlthough the EVs are now touted as the car industry’s future, powering them remains a major issue. Quantum glass batteries are a type of solid-state battery. And that’s why quantum glass stocks are making such great strides. And while there is a lot of excitement surrounding the sector in general, people are also curious about how you will power these vehicles. Whether you look at Tesla (NASDAQ: TSLA), General Motors (NYSE: GM), or Nissan (OTCMKTS: NSANY), every major automaker seems involved. One of the hottest sectors at the moment is the electric vehicle (EV) industry.
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