Goldman has identified a new opportunity in electric vehicles and revealed a key stock to play it.
Goldman Sachs has identified an emerging opportunity in electric vehicles that's on an "upward trend," and revealed a key stock to play it. The trend is the outsourcing of EV manufacturing, which Goldman says will gain pace as vehicles become "ever more technology driven" and simpler to build. In a Dec.
The company trades as Hon Hai in mainland China and Taiwan, and Foxconn elsewhere. Why Goldman is bullish on Hon Hai Goldman says that Hon Hai could excel in "tech contents" – a growing area in EVs. It is different from its competitors because it is better able to understand consumers' "pain point" in tech products, and is also very familiar with the tech supply chain, the bank added.
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