Dan Niles says he likes this stock as a 'very cheap' way to play the electric vehicle market

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For subscribers: Dan Niles says he likes this stock as a 'very cheap' way to play the electric vehicle market. Check out CNBCPro today.

"Obviously, everybody likes electric vehicle stocks so Tesla, companies that don't make any money today but are going to be huge 10 years from now, etc.

," Niles, founder and senior portfolio manager for the Satori Fund, said onThat's where Canadian auto supplier Magna International enters the fold for Niles.

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