UMICF - EV winners list from Morgan Stanley includes 16 new names

Morgan Stanley updates its list of stocks set to benefit from rapid EV adoption, moving to a total of 64 names from the original list of 48 stocks published at the beginning of the year. "While global EV penetration remains at 2-3%, there have been many significant industry moving implications for EVs," according to analyst Adam Jonas and team.It is noted that Tesla (TSLA) has grown to a >$450B market cap and shown profitability, auto original equipment manufacturers, EV SPACs are entering the market at an increasing rate with valuations closing in on legacy automakers' valuations despite never selling a single car and momentum is building for Silicon Carbide adoption.Automakers General Motors (GM), Li Auto (LI), Nio (NIO) and Nissan (NSANY) are all added to join Tesla Some of the chemicals and materials names added to the "EV 64" list are Axalta (AXTA), Korea-traded L&F, PPG (PPG), Korea-traded Ecopro, Ganfeng

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EV winners list from Morgan Stanley includes 16 new names