Electric Vehicle Stocks That Aren’t Tesla: Johnson Controls (JCI)
Polypore isn’t the only name that makes the lithium-ion batteries needed to power battery-powered vehicles. Johnson Controls (JCI) is one of the biggest providers, supplying lithium batteries for several electric vehicle makers even while maintaining its primary business as a supplier for the traditional automobile industry.
Although the electric vehicle and hybrid markets are still small potatoes relative to the rest of its battery business, that could change soon — and help boost JCI stock.
Plus, Johnson Controls is one of the few manufacturers that has room to quickly add capacity if and when electric vehicles hit a critical mass of growth.