Morgan Stanley says tech supply chains are about to see growth in the next big thing: smart tech features such as electric vehicle batteries, chips and self-driving tech. Electric vehicles are becoming more popular, and the market is set to reach $287 billion by 2025 — as big as the PC market and about 60% of total smartphone revenue, the investment bank said in a recent report. “The increasing content value of auto electronics per car, from autonomous driving functions to EV features, will make the smart EV industry a new breeding ground for the tech supply chain,” the bank’s analysts wrote. “Most if not all tech suppliers have started to dedicate [resources] to automotive-related developments,” they added. Increasing EV popularity will also add to the demand for such auto electronics, said Morgan Stanley, which forecast that EV penetration will reach 18% in 2025. On top of that,…
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