eToro launches a smart wallet - BatteryTech

Social eToro's investment platform announced the launch BatteryTech - the latest addition to the Smart Wallets themed package, offering investors long-term exposure to the fast-growing battery industry.

In our economies, the main emphasis is on advances in energy storage and energy efficiency. This is a key factor in making the transition to renewable energy sources possible. In the last decade, the sharp increase in the production of lithium-ion batteries has reduced the production prices of electric vehicles to such an extent that they have become profitable.

"Batteries are essential in the transition to zero emissions and are key to sustainable development, including electric mobility and sustainable energy storage" - said Dani Brinker, head of investment portfolios at eToro.

"With the global battery market forecast to reach $ 2026 billion by 173 (from $ 105 billion in 2021), we wanted to offer our customers the opportunity to invest in innovation and a fast-growing market."

The value of the battery market is growing strongly

The lithium segment alone accounts for 29,3 percent. world market for batteries. As the electric vehicle industry is moving towards mass deployment, the value of this market will amount to $ 2030 billion by 800. In 2019, it was $ 160 billion. Investments in lithium production are projected to increase by 78,14 percent on an annual basis: from 497 mt in 000 to 2021 mt by the end of 636. The real challenge for the industry will be to ensure that the supply is adequate to the pace of introducing electric vehicles,
without prejudice to their affordability.

Ben Laidler, eToro's Global Markets Strategist, said:

“In the last twelve months, lithium prices have risen by more than 400 percent. Currently, the average battery price is around $ 9, or more than 000 percent. the cost of the vehicle. Producers have already expressed their concerns that supplies may not be able to meet the soaring demand. As governments and businesses strive to meet their sustainability goals, investors are increasingly interested in companies that offer net zero mobility and energy transformation solutions and technologies. "

The BatteryTech portfolio offers the opportunity to capitalize on companies that contribute to the battery life cycle: from mining and refining companies (processing lithium, nickel, manganese and cobalt) to battery manufacturers, electric vehicle manufacturers and companies contributing to the development of sustainable energy storage technologies. Among the 30 companies in the portfolio, there are several revolutionary companies including ABB, Bloom Energy, Tesla, NIO, Glencore and Sunrun. A complete list of companies can be found here.

The composition of the BatteryTech portfolio as of April 25, 2022 Source: eToro

Dani Brinker added:

“By adding selected assets to the portfolio, we take on the burden of work and enable our clients to have visibility in a fast-growing market and to spread risk across different assets. By investing in the BatteryTech portfolio, our customers will be able to take part in a sustainable transformation and change the way energy is used and stored. "

What are eToro investment portfolios

EToro Smart Wallets offer traders ready-made, fully allocated exposure to a variety of market themes. By combining several assets within a specific methodology and using a passive investment approach, EToro Smart Wallets is a smooth, long-term investment solution that offers diversified exposure with no management fees.

Entry investments start at $ 500. Investors have access to tools and charts to track portfolio performance, and thanks to the eToro social channel, they are kept informed of developments in the sector. At the moment, this wallet is not available for US users.

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