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The growth of the EV industry is making the prospects bright for ancillary EV companies also. For example, because most EVs rely on lithium-ion batteries for power, companies involved in producing these batteries are well positioned to grow.
Given this industry’s promising prospects, sector analysts are highly optimistic about the near-term performance of QuantumScape Corporation (QS) and Romeo Power, Inc. (RMO). As such, we think it could be wise to scoop up these stocks now.
