- Electric-vehicle sales are set to accelerate in the coming decades from around 2% of the global auto market in 2019 to nearly 90% by 2050, Morgan Stanley predicts.
- The shift away from gas-powered vehicles will create opportunities for companies within and beyond the auto industry.
- In a June 5 research note, Morgan Stanley listed 48 companies across 10 industries that could benefit from increasing electric-vehicle adoption.
- Below are the bank's picks, as well as its price target and rating for each company.
- Visit Business Insider's homepage for more stories.
Automotive
Aptiv (APTV): $58, overweight
Hota (1536): 110 TWD, overweight
Motherson (MOSS): 103 INR, overweight
S&T Motiv (064960): 43,000 KRW, overweight
Tesla (TSLA): $680, equal-weight
Valeo (VLOF): €24, overweight
Volkswagen (VOWG_p): €140, equal-weight
Zhejiang Sanhua (002050): 25 CNY, overweight
Chemicals and Materials
Albemarle (ALB): $40, underweight
Iljin Materials (020150): 41,000 KRW, overweight
Posco Chemical (003670): 48,000 KRW, equal-weight
SQM (SQM): $27, euqal-weight
Zeon (4205): 1,000 JPY, overweight
Batteries
CATL (300750): 170.50 CNY, overweight
LG Chem (051910): 420,000 KRW, overweight
Panasonic (6752): 1,400 JPY, overweight
Samsung SDI (006400): 300,000 KRW, overweight
Metals and Mining
Freeport (FCX): $8.60, overweight
Glencore (GLEN): 230 GBp, overweight
Energy
New Fortress Energy (NFE): $25, overweight
Petronet (PLNG): 304 INR, overweight
Capital Goods
Rockwell (ROK): $177, equal-weight
Siemens (SIEGn): €102, equal-weight
SMC (6273): 47,000 JPY, equal-weight
Machinery
Caterpillar (CAT): $95, underweight
Epiroc (EPIRa): 101 SEK, equal-weight
Komatsu (6301): 3,500 JPY, overweight
Electric Utilities
Enel (ENEI): €9, overweight
NARI Tech (600406): 27.86 CNY, overweight
NTPC (NTPC): 138 INR, overweight
Sempra (SRE): $138, equal-weight
Tata Power (TTPW): 53 INR, overweight
Eversource (ES): $75, underweight
E.ON (EONGn): $11, equal-weight
Semiconductors
Cree (CREE): $54, overweight
Analog Devices (ADI): $101, equal-weight
Maxim (MXIM): $48, equal-weight
NXP (NXPI): $110, overweight
Rohm (6963): 6,200 JPY, equal-weight
STMicro (STM): €25, overweight
Infineon (IFXGn): €24, overweight
Tech and Hardware
Hon Hai/Foxconn (2317): 95 TWD, overweight
Delta (2308): 168 TWD, overweight
Chroma (2360): 165 TWD, overweight
Sunwoda (300207): 15 CNY, equal-weight
Bizlink (3665): 240 TWD, equal-weight
Quanta (2382): 70.50 TWD, overweight
Tripod (3044): 124 TWD, overweight
- Read more:
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- Tesla competitor Nikola Motors skyrockets 104% after setting reservation date for its electric truck
- 'The real opportunity is in individual stocks': A Wall Street research chief shares 5 picks that are poised to thrive in a world after COVID — including a retailer that could double from today's levels