2023-03-11 05:44:00 ET
Electric vehicle (EV) makers and charging companies often capture the spotlight when it comes to investing discussions in this growing segment of the automotive industry. But there are plenty of pick-and-shovel companies that work tirelessly behind the scenes -- from parts and components suppliers to lithium and copper producers to battery makers.
Magna International (NYSE: MGA) , Dana (NYSE: DAN) , and the Global X Lithium & Battery Tech ETF (NYSEMKT: LIT) are three less-obvious ways to invest in the EV industry . Here's what makes each of these hidden gem investments worth considering now.
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Own Tesla Stock? 3 Investments EV Manufacturers Can't Do Without