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3 Battery Companies That Could Make Bank on the Electric Vehicle Surge

Rhian Hunt, The Motley Fool
·7-min read
3 Battery Companies That Could Make Bank on the Electric Vehicle Surge

"Selling picks and shovels to gold prospectors" is a classic economic statement that alludes to who really benefitted from the 1840s California Gold Rush, namely the various merchants who supported the miners by dealing in equipment and supplies. The statement could be updated for a new generation of businesses looking to benefit by supporting high-profile electric vehicle (EV) companies like Tesla and upstarts such as Lordstown Motors.

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