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Three out-of-the-box ways to trade the rise of electric vehicles in 2022

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Investors may want to look under the radar for electric vehicle plays in the year ahead, two traders say.

With popular stocks such as Tesla and Nikola reaching exorbitant valuations, “we’re trying to play around the edges,” Laffer Tengler Investments’ Nancy Tengler told CNBC’s “Trading Nation” on Thursday.

“There’s two ways for investors to nibble around the sides of the EV market,” the firm’s chief investment officer said. “One is Borgwarner.”

A $10.5 billion auto-parts manufacturer, Borgwarner is on track to supply around 30% of powertrains, or electric motors, to the EV industry by 2023, Tengler said. It’s also lagging the market this year, up less than 13%, and trades at a relatively…



Source cnbc.com

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