Undervalued Compared to Tesla?

3 Secondary EV Beneficiaries to Watch Right Now

Tesla is great.
No matter what anyone says, the throne of the EV (electric vehicle) market still belongs to Tesla.
Market cap, technology, branding, productivity —
Tesla is unmatched in every way.

But here’s the problem:
“It’s already gone up too much.”

A P/E ratio of 60.
A stock price surge of over 80% in just six months.
Massive influx of retail investors in the U.S.

Everyone says the same thing:
“I want to buy, but it feels too high right now.”

So let’s change the question:
“If Tesla does well, which undervalued companies will benefit as a result?”

That’s what we call secondary beneficiaries — or “second-tier EV plays.”

1. Why secondary beneficiaries matter now

The EV industry has entered a new phase.
We’re no longer in the production stage — we’re now in the stage of expansion.

In other words, it’s no longer just the automakers that matter.
Now, components, charging infrastructure, energy management, and the entire EV ecosystem are starting to attract serious capital.

Companies like Tesla, BYD, and Hyundai Motor are also shifting their focus —
from hardware (cars) to software, charging solutions, and battery management systems.

This means that industries like OEM and B2B are becoming the real beneficiaries of EV growth.

And here’s the best part:
Many of these companies are still trading at P/E ratios of just 10–20,
even though their earnings are increasing and their stock prices are slowly recovering from previous declines.

Now may be the perfect window of opportunity.

2. Stock Pick #1: PNT (PiNT) – The Hidden Champion in Battery Manufacturing Equipment

What happens when the EV market grows?
Battery factories increase in number.
And that leads to a boom in equipment demand.

PNT is a specialized manufacturer of battery production equipment,
with long-term supply contracts in place with major players like LG Energy Solution, Samsung SDI, and multiple North American battery companies.

They own proprietary technology for essential battery cell production machines —
like slitters, laminators, and stackers.
Recently, they’ve even started dominating in next-gen solid-state battery equipment.

• Revenue surpassed 1 trillion KRW
• Net profit up 45%
• U.S. orders accelerating

This is still a highly undervalued stock.
And more importantly, the more Tesla expands its factories,
the more PNT stands to benefit.

3. Stock Pick #2: Hansol Chemical – A Proven Materials Company

Material companies are often overlooked.
They’re not flashy, and their technology isn’t always visible.
But in the EV era, materials may be the ultimate winners.

Hansol Chemical supplies electrolyte additives for EV batteries.
Their high-temperature resistant solid electrolyte technology is already in use
by all three of South Korea’s major battery makers.

On top of that, their business is diversified into displays and semiconductor materials,
which gives them strong defense against EV market slowdowns.

• Operating margin over 20%
• ROE consistently above 15%
• Growing customer base + rising international revenue share

In other words:
Great earnings.
Direct EV exposure.
Still undervalued.
A rare combination.

4. Stock Pick #3: S-traffic – The Hidden Gem in Charging Infrastructure

Charging is the backbone of EVs.
No matter how many EVs hit the market,
if charging infrastructure can’t keep up, growth stalls.

S-traffic manufactures and installs EV chargers,
but more importantly, they also operate their own charging platform —
making them a true end-to-end charging solution provider.

What really stands out?
They’re a core partner in the government’s private charging station expansion policy.
With Korea aiming to install 1 million EV chargers by 2025,
infra companies like this are set for sustained long-term gains.

• Deliveries to key charging locations nationwide
• Own platform ensures recurring revenue
• Expanding deals with government agencies and apartment complexes

Right now, S-traffic may not be grabbing headlines.
But once EV adoption passes 25%,
charging infrastructure stocks will be reevaluated across the board.

5. Now is the time to shift your focus

Every investor wants a stock that will rise.
But with already-risen stocks comes a lot of anxiety.

Yes, Tesla is exceptional.
But instead of chasing Tesla directly,
why not look for undervalued companies that grow alongside Tesla?
That’s a more stable strategy with higher upside potential.

• Equipment → PNT
• Materials → Hansol Chemical
• Infrastructure → S-traffic

These three might be quiet for now,
but as the EV industry continues its upward march,
they’ll prove to be reliable and highly profitable players.

🎯 Today’s Action Routine

• Add the above 3 stocks to your watchlist
• Review their past 1-month news, reports, and regulatory filings
• Compare their movement with Tesla news to understand broader trends
• Choose one stock you understand and buy a small test position
• Track its price, volume, and news over the next month

❌ Don’t invest without studying
❌ Don’t buy without understanding
❌ Don’t hold without watching the trend