Electric Vehicle Stocks That Aren’t Tesla: Polypore International (PPO)
The alliances between electric vehicle manufacturers and battery manufacturers are still being forged. That’s forcing some investors to take sides and predict which companies will win the big contracts.
The better alternative is to invest in a name that not only has a hand in the making of almost all electric vehicles, but also plays a role in making the lead-acid batteries used by conventional vehicles. That puts Polypore International (PPO) front and center.
Polypore makes microporous membranes found in the lithium-ion batteries needed to power electric vehicles. But PPO stock is a safer bet because, once again, the company also makes membranes required in traditional lead-acid batteries.