Cathode manufacturers are gearing up for substantial increases in production but could face associated pressure on their pricing levels. Piper is an auto-industry veteran with a rsum that included Saab, Ferrari, and Qoros Auto before he landed at Zoox in 2016. 5 Sustainable Investing Trends for Companies and Investors, 7 Investment Ideas That Could Drive Markets in 2023, Yes, You Can Be a Tech Innovator at Morgan Stanley. It is difficult to predict the timing, duration, and potential adverse effects (e.g. Whether its hardware, software or age-old businesses, everything today is ripe for disruption. 2023Morgan Stanley. Before joining Zoox, Rege was an executive at Nvidia, where he oversaw the development of the company's automated-driving platform and drone technology. And, Brennan said, her connections are second to none. Prior to making any investment decision, investors should carefully review the strategys relevant offering document. Any charts and graphs provided are for illustrative purposes only. Morgan Stanley is differentiated by the caliber of our diverse team. Toward that end, the CEO of a major airplane manufacturer announced in September, 2018, that the company is investing in urban mobility and flying taxis." Legal issues and likely objections to autonomous technology from auto workers and dealers are also discouraging, but not enough to halt development, Jonas says. In the U.S., for example, the technological and economic landscapes are considered encouraging for development of the next wave of vehicles, given Silicon Valley's embrace of autonomous technology and an opening for affordable transportation alternatives. Everything we do at Morgan Stanley is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. It is the responsibility of every person reading this material to fully observe the laws of any relevant country, including obtaining any governmental or other consent which may be required or observing any other formality which needs to be observed in that country. In other words, the skys the limit. Andy Piper has led the development of Zoox's eponymous vehicle, which the company unveiled in 2020. Its an opportunity to roll out the. Companies in this space could benefit significantly from higher consumer adoption of electric vehicles. More companies are designing for the IoT, using tiny low-cost sensors to enable connectivity and controlgiving a boost to the semiconductor sector. The market could likely begin as an ultra-niche add-on to existing transportation infrastructure, similar to how helicopters operate today. This material is a general communication, which is not impartial, is for informational and educational purposes only, not a recommendation to purchase or sell specific securities, or to adopt any particular investment strategy. Everything we do at Morgan Stanley is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. Counterpoint Global investigates the impact of quantum computers and its potential to tackle previously unsolvable computing problems. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Improvements in batteries, artificial intelligence and satellite communications are also expanding the possibilities. At Morgan Stanley, giving back is a core valuea central part of our culture globally. For instance, one of the key drivers of autonomous vehicle adoption is improved safety. Morgan Stanley Distribution, Inc. Battery costs have been a major barrier to increasing BEV penetration. Were seeing opportunities for a growing fleet of electric, shared, and autonomous VTOL aircraft or other large terrestrial drones, says Rajeev Lalwani, lead analyst covering U.S. Airlines, Aerospace & Defense, and Aircraft Lessors. The industry implications for recasting the global mobility model extend far beyond just the auto industry, affecting large tranches of the economy and the investment landscape, says Adam Jonas, head of auto and shared mobility research at Morgan Stanley. While battery costs have dropped nearly 30% per year for the past five years, that decrease largely has been a function of improved production scale, which now is diminishing. /pub/content/dam/im/json/imwebdata/im/data/misc/translation/translation.json, /pub/content/dam/im/json/imwebdata/im/data/misc/translation/aggTranslation.json. Proprietary views on big ideas with the potential for far-reaching consequences. Sign up to get Morgan Stanley Ideas delivered to your inbox. We lead with exceptional ideas, prioritize diversity and inclusion and find meaningful ways to give backall to contribute to a future that benefits our clients and communities. Its new report, Autonomous Vehicles & Municipal Bonds, puts the net positive impact on municipal budgets in excess of half a trillion dollars. See how you can make meaningful contributions as a student or recent graduate at Morgan Stanley. We rely on our technologists around the world to create leading-edge, secure platforms for all our businesses. At Morgan Stanley, we put our beliefs to work. Get the latest insights, analyses and market trends in our newsletter, podcasts and videos. Around half of the component cost of the battery cell is in the cathode. Privacy & Cookies Motional is one of two companies that operate autonomous ride-hailing vehicles that are open to the public. We offer scalable investment products, foster innovative solutions and provide actionable insights across sustainability issues. "Compared to the other regions globally, we assume slower miles-traveled growth and lower shared-mobility penetration in Europe," says Morgan Stanley analyst Harald Hendrikse. 1 The Relative Frequency of Unsafe Driving Acts (Background), National Highway Traffic Safety Administration, August 15, 2017. Instead the regulatory and societal concerns surrounding the technology will need to catch up to the tech itself, Jonas says. We have global expertise in market analysis and in advisory and capital-raising services for corporations, institutions and governments. Autonomous vehicles use a suite of sensors, actuators and a central computer to "perceive" the environment and automate the driving process, thereby enabling the vehicles to drive themselves without human involvement. BEIJING, China, May 01, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), a leader in China's new . Autonomous vehicles on the other hand remove the human bottleneck and the economics change substantially.". Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. Find a Financial Advisor, Branch and Private Wealth Advisor near you. There is no assurance that a Portfolio will achieve its investment objective. Whether its hardware, software or age-old businesses, everything today is ripe for disruption. Ask your Morgan Stanley representative or Financial Advisorfor the full report, The Shared Autonomous 30 (Sep 22, 2016). Underpinning all that we do are five core values. The services described on this website may not be available in all jurisdictions or to all persons. With advances in technology and growing consumer acceptance, the automobile industry's electric-powered future is in sight. In 1940, automaker Henry Ford said, "Mark my words: a combination airplane and motorcar is coming." Morgan Stanley raised its previous enterprise value estimate for the Alphabet unit by $100 billion, with robotic trucking and delivery potential looking like a bigger revenue source than passenger . Hear their stories and learn about how they are redefining the terms of success. From a list of more than 40 people, Insider selected those who appear to be having the greatest influence on their companies and the industry as a whole. For example, with an ability to make four times as many trips as a regular car, flying cars could revolutionize the ride-sharing industry. The global presence that Morgan Stanley maintains is key to our clients' success, giving us keen insight across regions and markets, and allowing us to make a difference around the world. Morgan Stanley thinks time spent in cars will jump by 25% by 2030 and these stocks will benefit. For automakers, BEVs are a game changer. This kind of transformation isnt a flashy two-seater with lots of zoom but limited accommodation. The autonomous aircraft ecosystem would also include makers of sensors, batteries, aircraft parts, and the software systems to operate the vehicles, monitor aircraft traffic, provide network security and more. We value our commitment to diverse perspectives and a culture of inclusion across the firm. Spurred in part by existing and proposed emissions legislation that could sharply increase the cost of manufacturing internal combustion engines, as many as one billion battery electric vehicles (BEVs) could be on the road throughout the world by 2050. Across all our businesses, we offer keen insight on today's most critical issues. Accordingly, you can lose money investing in this Portfolio. Whether its hardware, software or age-old businesses, everything today is ripe for disruption. A monthly publication featuring the Global Multi-Asset Teams latest views on the economic and market environment and how best to position portfolios. "They've made some really good progress," said Abuelsamid, who speaks with Argo regularly. This late in the business cycle, investors should emphasize actively-managed funds and income-producing securities with reasonable valuations. We have the experience and agility to partner with clients from individual investors to global CEOs. Mobileye has been a leader in bringing automated-driving technology to the road through its advanced driver-assistance software and hardware. Get the latest insights, analyses and market trends in our newsletter, podcasts and videos. And, Farshchi added, Zoox's software has played a key role in setting the company apart from its competitors. Our culture of access and inclusion has built our legacy and shapes our future, helping to strengthen our business and bring value to clients. Called STEEPL, the tool is used to gauge a region's social, technological, economic, environmental, political and legal landscape as it pertains to the automotive market. Prospects in other regions vary. Our firm's commitment to sustainability informs our operations, governance, risk management, diversity efforts, philanthropy and research. We lead with exceptional ideas, prioritize diversity and inclusion and find meaningful ways to give backall to contribute to a future that benefits our clients and communities. A monthly outlook for global fixed income markets, including an in-depth review of key sectors. Shared carstaxis and cars operated by ride-sharing companies, but not car rentalin 2015 accounted for 4% of global miles traveled, but by 2030, Morgan Stanley estimates that number could reach 26%. document.write(new Date().getFullYear()); MorganStanley.All rights reserved. The report notes that flying cars could even give gaming and nightlife customers easier access to Las Vegas, which suffers from infrastructure headwinds, such as a lack of direct train service and heavy traffic from Los Angeles on busy weekends. We value our commitment to diverse perspectives and a culture of inclusion across the firm. She's helped put together funding rounds and acquisitions for companies like TuSimple and NuTonomy, the startup that turned into Motional. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. "Miles" rather than cars sold" delivers the message that the industry is moving toward some combination of auto sales and incremental sales of auto-based transport. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively the Firm), and may not be reflected in all the strategies and products that the Firm offers. The global presence that Morgan Stanley maintains is key to our clients' success, giving us keen insight across regions and markets, and allowing us to make a difference around the world. Driven an hour a day, savings on gasoline from electrification aren't sufficient to justify the upfront added cost of the car. "Your car is arguably one of the most underutilized, polluting, time-consuming and dangerous machines on Earth," says Adam Jonas, head of global auto research for Morgan Stanley. Motional expects to start adding robotaxis to Via's network during the first half of this year. The views and opinions are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. Andrew Slimmon, lead portfolio manager of the Applied Equity Advisors suite of funds and strategies shares his TAKE -- Takeaways & Key Expectations on the financial markets. We live that commitment through long-lasting partnerships, community-based delivery and engaging our best assetMorgan Stanley employees. The first can perform tasks independently without human intervention, such as the operation of autonomous vehicles, personal assistants and drones. /pub/content/dam/im/json/imwebdata/im/data/misc/translation/translation.json, /pub/content/dam/im/json/imwebdata/im/data/misc/translation/aggTranslation.json. The impact of flying cars would only be limited by imagination. Ideas across disciplines uncover novel insights for sharper decision-making. Hannah Miao @hannahmiao_. The Morgan Stanley Freight Transportation team believes that autonomous and semiautonomous driving technology will be adopted far faster in the cargo markets than in passenger markets. We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology. In logistics, drone package delivery is in active testing. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Global institutions, leading hedge funds and industry innovators turn to Morgan Stanley for sales, trading and market-making services. Past performance does not guarantee future results. Theodosiou-Pisanelli and her team are responsible for defining the products Aurora builds for its growing list of partners and running the programs that deliver them. Heres a look at nine industries that will experience both disruption and opportunity: The rollout of shared/autonomous/electric transport could resemble the spread of the early electric utility grid in the 1880s and 1890s, which grew city-by-city, Jonas says. The Market Monitor series includes a wide array of market charts and views to guide your investing discussions. We rely on our technologists around the world to create leading-edge, secure platforms for all our businesses. Elshenawy has helped Cruise engineers quickly test and deploy code while overseeing a cloud-computing infrastructure that held up well as the company shifted to a remote-work model in 2020, a Cruise representative said. Stay abreast of the latest trends and developments. At Morgan Stanley, we put our beliefs to work. Terms of Use. A career at Morgan Stanley means belonging to an ideas-driven culture that embraces new perspectives to solve complex problems. David Estrada oversees Nuro's policy, legal, communications, and safety teams. Morgan Stanley Blue Paper: Autonomous Cars. As a global financial services firm, Morgan Stanley is committed to technological innovation. All rights reserved. That number. For Morgan StanleyResearchon the future of battery powered vehicles, ask your Morgan Stanley representative orFinancial Advisorfor the full report, On the Charge, (Aug. 31, 2017). What are the implications of a future of shared, autonomous and electric vehicles? Before joining Morgan Stanley, Savage worked on mergers and acquisitions in the media industry at Goldman Sachs. Advanced control systems interpret sensory. While a handful of automakers have already launched BEVs, increased consumer interestand an increasingly tight regulation landscapewill lead others to do so. They could later transform into a cost-effective, time-efficient method of traveling short to medium distances, eventually taking share from car and airline companies.. The first applications should take the form of small fleets, traveling slower than 25 miles per hour, fully autonomous, fully electric, and geographically limited to as little as one square mile. Derivative instrumentsmay disproportionately increase losses and have a significant impact on performance. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. However, the Morgan Stanley team doesn't believe technology will be an ultimate limiting factor. Our insightful research, advisory and investing capabilities give us unique and broad perspective on sustainability topics. Learn from our industry leaders about how to manage your wealth and help meet your personal financial goals. It involves creating two autonomous systems one using only cameras, the other radar and lidar that can operate safely on their own, then bringing the two systems together. The services described on this website may not be available in all jurisdictions or to all persons. For European banks, financial inclusion is not only socially responsibleit may help drive sustained economic growth in emerging markets. During a brief appearance at a Morgan Stanley conference today, CEO Elon Musk briefly commented that the vehicles to be built on Tesla's next-gen platform will operate "almost entirely in. 5 Sustainable Investing Trends for Companies and Investors, 7 Investment Ideas That Could Drive Markets in 2023, Yes, You Can Be a Tech Innovator at Morgan Stanley, Head of Global Auto and Shared Mobility Research. Autonomous car networks can create and consume massive amounts of wireless data. Global institutions, leading hedge funds and industry innovators turn to Morgan Stanley for sales, trading and market-making services. Current numbers vary widely from country to country, depending on the maturity of the market. The intersection of many technologies, such as ultra-efficient batteries, autonomous systems, and advanced manufacturing processes are spawning a flurry of activity in this space," says Adam Jonas, Head of Morgan Stanley's Global Auto and Shared Mobility research team. In a new BluePaper from Morgan Stanley Research, a cross-section of the firms equity analysts detail how investment in autonomous flying aircraft is accelerating, with implications for the future of passenger travel, military and defense applications, and freight and package transportation. Your Privacy Choices Drones and VTOLs could be part of the evolving solution of last-mile parcel delivery challenges, says Ravi Shanker, equity analyst covering the North American transportation industry. Several possibilities exist around the development of public stations, ranging from those sponsored by automakers and available only to drivers of their vehicles, to those financed and maintained by governments or utilities, or perhaps another model. The coming of autonomous vehicles could change our conception of personal transportation. Morgan Stanley's analyst team thinks the answer could be yes. While a future of shared, autonomous and electric vehicles may well be the consequence of disruption, the actual development of those cars will be complex. For investors, the rise of autonomous vehicles has the potential to impact industries as far afield as health care, insurance, internet and infrastructure. In a new BluePaper, Morgan Stanley Research says autonomous urban aircraft may no longer be the stuff of comic books. See how you can continue your career journey at Morgan Stanley. In general,equities securitiesvalues also fluctuate in response to activities specific to a company. Meet one of our Financial Advisors and see how we can help you. Sign up to get Morgan Stanley Ideas delivered to your inbox. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Although the idea of flying cars may seem fantastical, much of the ecosystem is already in development in complementary technologies. Share. Its parent company is seemingly happy with the progress it's making; GM expects to spend $2 billion on the autonomous vehicle subsidiary in 2022. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets. | Are autonomous cars the killer application for 5G? This move clearly indicates GM strategy to invest heavily on electric and autonomous cars and minimize expenses in current business to carve out ways to invest in new technologies. 2 2016 Was the Deadliest Year on American Roads in Nearly a Decade, Fortune, February 15, 2017. Road traffic injuries, World Health Organization, August 16, 2017. The car you summon from your smartphone doesn't have a driver. Without control over powertrain, and with greater supplier content than ever before, it could be much harder for the major automakers to maintain their competitive position, branding, and pricing power. In China, for example, private car ownership is a symbol of status and wealth, says Jack Yeung, who covers Chinas auto and auto-parts industry. Any performance quoted represents past performance. Privacy & Cookies It is not addressed to any other person and may not be used by them for any purpose whatsoever. Demand for battery components like copper, cobalt and lithium could increase sharply, as could prices. Companies are scrambling to figure out last-mile delivery, sometimes even incentivizing the customer to pick up from the store. Stay on top of today's volatile markets with these timely resources. For the complete content and important disclosures, refer to the, View All 1GT: Climate Investing Reinvented. Our culture of access and inclusion has built our legacy and shapes our future, helping to strengthen our business and bring value to clients. Would you like to help us improve our coverage of topics that might interest you? Andrew Slimmon, lead portfolio manager of the Applied Equity Advisors suite of funds and strategies shares his TAKE -- Takeaways & Key Expectations on the financial markets. See how we can help you work toward your goalseven as they evolve over years or generations. While CEOs and founders get most of the attention in the startup world, even the best leaders need a strong team behind them. Check the background of Our Firm and Investment Professionals on FINRA's Broker/Check. For the complete content and important disclosures, refer to the, View All 1GT: Climate Investing Reinvented. But making an alternative a reality will require rethinking some assumptions. The interior of a Tesla . Plus, more Ideas. Information does not address financial objectives, situation or specific needs of individual investors. At Morgan Stanley, we lead with exceptional ideas. Morgan Stanley leadership is dedicated to conducting first-class business in a first-class way. How to pay for such charging also remains an open question, now that free charging seems to have gone by the wayside. Stay abreast of the latest trends and developments. A comprehensive assessment of noteworthy trends shaping the global investment risk environment and our portfolio allocations. Our collaborative work with the Morgan Stanley Global Telecom team suggests that autonomous cars can produce as much as 40 TB of data/hour, which is equivalent to 1 to 3 thousand years of iPhone data usage. During Estrada's tenure, Nuro became the first autonomous-vehicle company to receive an exemption from select federal safety standards. As a global financial services firm, Morgan Stanley is committed to technological innovation. These considerations, coupled with large amounts of capital infusion, should accelerate the adoption of autonomous, electrified urban air mobility. 2023Morgan Stanley. The firm's telecom . Telecom and communications systems will be crucial to the shared, autonomous ecosystem, which will require a transformation of the supporting infrastructure to connect vehicles to other vehicles, and vehicles to infrastructure, handling high-volume data reliably and securely. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Urban Air Mobility Global Total Addressable Market (Base Case). portfolio liquidity) of events. Zoox has taken a difficult and unusual approach compared to its peers: While most of its rivals are focusing on automated-driving software or hardware, Zoox is designing and assembling an autonomous vehicle, all without the help of a major automaker. See how we can help you work toward your goalseven as they evolve over years or generations. Counterpoint Global discusses the evolution of enterprise drones and its disruptive impact. According to a new Morgan Stanley report, the effects of this shift will be dramatic for automakers but they will be far from the only industry disrupted, with opportunities and challenges throughout the automotive supply chain. Counterpoint Global investigates the impact of quantum computers and its potential to tackle previously unsolvable computing problems.
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