In 2022, Ford plans to launch a delivery service with self-driving vehicles powered by Argo's tech. "They've made some really good progress," said Abuelsamid, who speaks with Argo regularly. Morgan Stanleys U.S.Researchteams worked together to identify 30 companies that they believe are favorably exposed to growth opportunities in a world moving toward shared mobility, autonomous driving, and electrification. Wide adoption of BEVs will also expand the need for an entire new level of electrical and electronic systems that dont exist in internal combustion vehicles. We see the development of the urban air mobility ecosystem as extremely long-dated, with up-front capital allocation, testing, and development in the short term, says Jonas. Underpinning all that we do are five core values. Learn from our industry leaders about how to manage your wealth and help meet your personal financial goals. See how we can help you work toward your goalseven as they evolve over years or generations. Accordingly, you can lose money investing in this Portfolio. /pub/content/dam/im/json/imwebdata/im/data/misc/translation/translation.json, /pub/content/dam/im/json/imwebdata/im/data/misc/translation/aggTranslation.json. Chipmakers that can integrate auto-vision. Plus, moreIdeas. 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. Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer of the Global Balanced Risk Control (GBaR) Team, shares his macro thematic views on key market drivers. 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%. Our insightful research, advisory and investing capabilities give us unique and broad perspective on sustainability topics. NASA even entered the game in November, 2018, funding an industry contest aimed at accelerating urban air mobility development and instilling public confidence in the technology. Plus, more Ideas. Given a combination of the right public policy, partnerships and positive outcomes for public health and safety, economic development and growth, the new models can adjust, optimize and scale up and out. Whether its hardware, software or age-old businesses, everything today is ripe for disruption. "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. Underpinning all that we do are five core values. One of the Morgan Stanley's report clearly estimates that replacing traditional automobiles with autonomous cars in the United States alone could contribute . For European banks, financial inclusion is not only socially responsibleit may help drive sustained economic growth in emerging markets. 4 min read. 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. This is a nascent market, and there will be many different ways to pay for BEV charging in the coming years.. There is no assurance that a Portfolio will achieve its investment objective. 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. Counterpoint Globals culture fosters collaboration, creativity, continued development, and differentiated thinking. 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. Morgan Stanley's analyst team thinks the answer could be yes. Traditional financial institutions try harnessing the blockchain to streamline operations and costs, while improving services and products for clients. The report projects a total addressable market of $1.5 trillion for autonomous aircraft by 2040, creating opportunities for investors and benefiting a host of sectors along the way. As of now, there are few battery-powered drones that can carry much more than 10 pounds. 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. Global institutions, leading hedge funds and industry innovators turn to Morgan Stanley for sales, trading and market-making services. We offer scalable investment products, foster innovative solutions and provide actionable insights across sustainability issues. Ideas across disciplines uncover novel insights for sharper decision-making. At Morgan Stanley, giving back is a core valuea central part of our culture globally. While CEOs and founders get most of the attention in the startup world, even the best leaders need a strong team behind them. Ideas across disciplines uncover novel insights for sharper decision-making. As a global financial services firm, Morgan Stanley is committed to technological innovation. The coming of autonomous vehicles could change our conception of personal transportation. 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. His contributions have been essential in helping Zoox develop its automated-driving system, Shahin Farshchi, a partner at the venture capital firm Lux Capital, a former Zoox investor, told Insider. 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 have global expertise in market analysis and in advisory and capital-raising services for corporations, institutions and governments. We value our commitment to diverse perspectives and a culture of inclusion across the firm. Hannah Miao @hannahmiao_. According to Harald Hendrikse, Morgan Stanleys Equity Analyst for European Autos & Shared Mobility, the range of profitability outcomes for these players is wide and will likely rely on factors such as BEV growth, price impacts on internal combustion vehicles, and gross margins for electric vehicles. We leverage the full resources of our firm to help individuals, families and institutions reach their financial goals. Whether its hardware, software or age-old businesses, everything today is ripe for disruption. Our insightful research, advisory and investing capabilities give us unique and broad perspective on sustainability topics. Autonomous vehicles could change not only the way we move from point A to point B, but also how we live our lives. As a global financial services firm, Morgan Stanley is committed to technological innovation. See how you can continue your career journey at Morgan Stanley. There is no assurance that a Portfolio will achieve its investment objective. A monthly outlook for global fixed income markets, including an in-depth review of key sectors. Stay on top of today's volatile markets with these timely resources. Stay abreast of the latest trends and developments. Around half of the component cost of the battery cell is in the cathode. Companies in this space could benefit significantly from higher consumer adoption of electric vehicles. Ask your Morgan Stanley representative or Financial Advisorfor the full report, The Shared Autonomous 30 (Sep 22, 2016). Automated driving technology relies heavily on continuous, high-precision, and high-reliability positioning in complex urban situations. 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. Morgan Stanley's Adam Jonas, who covers Tesla, referred to Apple's car as "the ultimate EV bear case" and called the tech giant's entry into the space a "clear negative for much of our. 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. In the autonomous-vehicle industry, it can be difficult to identify the most important supporting players from the outside. This kind of transformation isnt a flashy two-seater with lots of zoom but limited accommodation. Demand for battery components like copper, cobalt and lithium could increase sharply, as could prices. See how you can make meaningful contributions as a student or recent graduate at Morgan Stanley. 1 The Relative Frequency of Unsafe Driving Acts (Background), National Highway Traffic Safety Administration, August 15, 2017. We rely on our technologists around the world to create leading-edge, secure platforms for all our businesses. Private car ownership is more aspirational in India, a country with growing Internet access and a large population of young people who are concerned about pollution and open to ride-sharing. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. The autonomous-vehicle industry has been a hot sector for investment banks in recent years, and Regina Savage has emerged as one of the industry's key dealmakers, Brennan said. Slow dealmaking. We value our commitment to diverse perspectives and a culture of inclusion across the firm. 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 . 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. Morgan Stanley's U.S. Research teams worked together to identify 30 companies that they believe are favorably exposed to growth opportunities in a world moving toward shared mobility, autonomous driving, and electrification. Morgan Stanley Blue Paper: Autonomous Cars. All rights reserved. Learn from our industry leaders about how to manage your wealth and help meet your personal financial goals. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets. IT hardware-software and Internet and media companies can get fairly creative about how passengers end up passing their time riding in autonomous cars. The coming of autonomous vehicles could change our conception of personal transportation. At Morgan Stanley, we put our beliefs to work. Morgan Stanley is differentiated by the caliber of our diverse team. Investments inforeign marketsentail special risks such as currency, political, economic, market and liquidity risks. The list features employees from Tesla, Zoox, Morgan Stanley, and more. 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. Our firm's commitment to sustainability informs our operations, governance, risk management, diversity efforts, philanthropy and research. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. As a global financial services firm, Morgan Stanley is committed to technological innovation. "He's probably looked at more AV companies than anybody anywhere," Brennan said. However, as shared, autonomous vehicles become more widespread, Jonas suggests that total miles traveled may serve as a more useful yardstick because it better reflects not only the state of the market, but also the industry's evolving business model. Improvements in the energy density of the cathodethe terminal through which electric current flowswill reduce the amount of metal required per kilowatt hour, thereby lowering the metal requirement and the metal price risk.. "Vehicle sharing can only take your vehicle utilization to about 50%-60% of its full potential, in our view," says Jonas. See how you can continue your career journey at Morgan Stanley. For 87 years, weve had a passion for whats possible. A former trade negotiator for the Obama administration, Lia Theodosiou-Pisanelli is now Aurora's head of partnerships, product, and programs. Prior to 2026, Morgan Stanley predicts our cars will be able to be driven autonomously, but the driver will need to remain attentive in the case of an emergency, as the infrastructure for autonomous cars will not be fully developed. In general,equities securitiesvalues also fluctuate in response to activities specific to a company. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. 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. Multicultural and women entrepreneurs are the cutting-edge leaders of businesses that power markets. Macro and thematic insights shaping the global investment landscape. Before Cruise, Elshenawy led tech development for Amazon's ReCommerce service and warehouse offerings. In other words, the skys the limit. We have the experience and agility to partner with clients from individual investors to global CEOs. Most of the battery cell costs are driven by the price of materials and composition, Hendrikse says. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. For further details, please see our Terms of Use. Motional expects to start adding robotaxis to Via's network during the first half of this year. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. 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. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. A monthly publication featuring the Global Multi-Asset Teams latest views on the economic and market environment and how best to position portfolios. Any charts and graphs provided are for illustrative purposes only. We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology. Morgan Stanley Blue Papers, a product of our Research Division, involve collaboration from analysts, economists and strategists across the globe and address long-term, structural business changes that are reshaping the fundamentals of entire economies and industries around the globe. Discover who we are and the right opportunity for you. She's also helped coordinate the integration of Uber ATG's workforce into Aurora's following Aurora's 2020 acquisition of the unit. Its more like a freight train that starts slow, builds momentum, and then pulls a lot of weight for the long haul. Military drones have been around for years, and electrified, autonomous vertical takeoff and landing vehicles (VTOLs) are gaining traction. Privacy & Cookies We believe our greatest asset is our people. The natural solution appears to be more shared vehicles. It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products. Legal issues and likely objections to autonomous technology from auto workers and dealers are also discouraging, but not enough to halt development, Jonas says.
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