EV is about ecosystem: 4 auto ancillary stocks with upside potential of up to 20%

While the whole focus of transition to EV space has been on auto companies. The fact is that any auto company cannot make transition till the time its own supply chain, which essentially are auto ancillary companies make that transition. Infact many auto ancillary players had started this process even before auto majors announced their intentions. The issue is that some auto ancillary that cannot make that transition because their products are not required in an EV, there are others who had to make the modification to adjust it to what is likely to be the future. As more auto players launch their models, their supply chain is also coming to focus. Over the next one to two years, there would be shakeout in the auto ancillary space. Probably large ones with a global base may have an edge.