UBS has identified the stocks set to benefit from the growth of next-generation "solid-state" battery electric vehicles.
Solid-state batteries are viewed as a potential breakthrough technology because they can store more energy than lithium-ion batteries and charge faster.
Toyota's targets for solid-state batteries are about double the capacity of the longest-range Tesla vehicles.
The automaker's planned transition to solid-state batteries for its EVs by the late 2020s makes the company's stock an attractive investment, according to the investment bank.
The table below shows some of the global stocks best positioned to capitalize on the shift to solid-state batteries, according to UBS: UBS named Toyota Industries , which has already partnered with Toyota Motor on developing lithium-ion batteries, as another stock that could benefit from the shift to solid-state batteries.
Persons:
Kohei Takahashi, Morgan Stanley, — CNBC's Michael Bloom
Organizations:
UBS, Toyota, Nissan, Honda, Toyota Industries, Toyota Motor, Mitsui Mining & Smelting, Sumitomo Metal Mining