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  • 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

Tesla

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

The Asahi Shimbun via Getty Images

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

Yuya Shino/Reuters

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

Ute Grabowsky/Photothek via Getty Images

Freeport (FCX): $8.60, overweight

Glencore (GLEN): 230 GBp, overweight

Energy

Facebook/New Fortress Energy

New Fortress Energy (NFE): $25, overweight

Petronet (PLNG): 304 INR, overweight

Capital Goods

Josh Reynolds/AP Images for Siemens Healthineers

Rockwell (ROK): $177, equal-weight

Siemens (SIEGn): €102, equal-weight

SMC (6273): 47,000 JPY, equal-weight

Machinery

Associated Press

Caterpillar (CAT): $95, underweight

Epiroc (EPIRa): 101 SEK, equal-weight

Komatsu (6301): 3,500 JPY, overweight

Electric Utilities

Don Bartletti/Los Angeles Times via Getty Images

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

Yoon S. Byun/The Boston Globe via Getty Images

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

Reuters/Bobby Yip/Files

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