5 Stocks To Crush The Market In 2018 As EV Race Heats Up

Presently, Volvo sports a Zacks Rank #1. Volvo has a long-term growth rate of 15%. Shares of the company have gained 63.8% on a year-to-date basis.

Tokyo, Japan-based Honda Motor Co., Ltd. (HMC - Free Report) is engaged in developing, manufacturing, and distribution of motorcycles, automobiles, power products, and other products worldwide. Until recently, this Japanese carmaker did not focus on manufacturing EVs. However, it has changed its stance and is currently working on two EVs, both slated for a 2018 rollout. Presently, Honda has a Zacks Rank #2 (Buy). Volvo has a long-term growth rate of 3.8%. Shares of the company have gained 16.6% year to date.

Munich, Germany-based BMW AG (BAMXF - Free Report) is engaged in developing, manufacturing and selling cars and motorcycles, and spare parts and accessories worldwide. Having been backed by robust demand for its models such as i3 and 2-series plug-in hybrid Active Tourer in the Western Europe and the United States, BMW recently achieved its sales target of 100,000 electric cars this year. This Zacks Rank #2 company has a market capitalization of $60.8 billion. BMW has a long-term growth rate of 4.2%. Shares of the company have gained 9.2% year to date.

Based in Philadelphia, PA, FMC Corp. (FMC - Free Report) is a diversified chemical company that serves agricultural, industrial, environmental, and consumer markets across the globe. The company is witnessing robust demand in its Lithium unit. A significant long-term driver for the lithium business is the expected rapid adoption of lithium-ion batteries in electric vehicles.

The company is expanding its lithium hydroxide production capacity by adding 20,000 metric tons per year. This Zacks Rank #1 company has a market capitalization of $12.4 billion. FMC Corporation has a long-term growth rate of 11.3%. Shares of the company have gained 66.1%, year to date.

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