Tesla
Northvolt's founders left Tesla to build an electric battery company that could challenge their dominant former employer. Tesla is a leader in the space, building batteries for EVs and energy storage (Powerwall). It's also a leading EV maker and solar panel maker.
Tesla is investing heavily in building additional battery manufacturing capacity in the U.S. and Europe. It's also investing in innovation to build better batteries at lower costs.
BYD
China's BYD (BYDDF -0.15%) is one of the world's leading producers of rechargeable batteries. BYD is an integrated company that also manufactures and sells hybrid and battery-powered cars, buses, trucks, and monorails. The company also had a very notable investor: Warren Buffett. His company, Berkshire Hathaway (BRK.A -0.48%)(BRK.B -0.41%), invested in BYD for 17 years before selling its last shares in late 2025. Over that time, the investment grew more than 20-fold.
QuantumScape
QuantumScape (NYSE:QS) has worked to develop a better battery for more than a decade. It has built a technology that makes batteries safer, charges faster, and lasts longer than traditional lithium-ion batteries. The company started shipping its prototype cells to customers at the end of 2022. It has since started developing its first commercial product, QSE-5.
How to buy stocks similar to Northvolt
Those who want to invest in one of these Northvolt alternatives can purchase shares in any brokerage account. Here's a step-by-step guide on how to invest in stocks.
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
