5 Best EV Stocks to Buy According to Cathie Wood

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In this article we discuss the 5 Best EV Stocks to Buy According to Cathie Wood.  ARK Investment’s Cathie Wood recently talked at length about her investment ideas and major themes for 2021 in an interview. To read the summary of that interview, ARK Investments sterling performance and our analysis of Cathie Wood’s investment strategy, go directly to 10 Best EV Stocks to Buy According to Cathie Wood.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best EV stocks to buy:

5. BYD Company Limited (OTCMKTS: BYDDF)

BYD Company is a China-based automobile manufacturer. It also produces battery-powered bicycles, buses, solar panels, trucks and rechargeable batteries. BYD Company Limited currently has a $111.6 billion market capitalization. For the past 12 months, the company was able to deliver a massive 506.90% return and settled at $34.22 at the closing of February 12th.

Cathie Wood said that BYD Company is a part of their ‘more specialized strategies.’ ARK Investment currently owns 864, 427 shares of BYD, worth $45.6 million. BYD occupies 0.12% of ARK’s overall equity. 

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