In a new report, analysts at Evercore ISI looked at global auto suppliers and initiated coverage on several stocks in the space. Analysts also describe the crossroads at which the industry currently finds itself.
Crossroads
Analysts believe that the auto industry is currently being forced to adapt to a drastically different modern world. Powertrain and safety regulations are now a major part of design. Consumers are demanding innovation in technology and entertainment. Finally, the “electrification” of the auto industry is making major waves.
“We believe the winners will be OEMs and suppliers that differentiate and incorporate little bit of youthful imagination,” analysts explain in the report.
Key Points
According to Evercore, the best auto suppliers in upcoming years will be suppliers that are driven by secular growth, as opposed to suppliers whose growth is driven by production. Analysts see four key trends for auto suppliers in the next five years: autonomous safety, mobility and connectivity, powertrain and electrical.
Because of the power of these four trends, analysts believe…
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