Transforming for good to stay relevant and grow in EV space: 5 auto ancillary stock with upside potential of up to 32%

Thanks to the fact that the auto industry has been going through a transformation even the auto ancillary sector is witnessing a major change. In the auto ancillary sector the companies and their management can be divided into 4 categories. First, companies who were quick enough to understand and started work on EV transformation year's back, even before auto majors announced their intentions. Second, companies which were late because the company to whom supplies were to be made itself was not clear its plan on EV space. Third, companies which were not able to anticipate that speed at which transition to EV would come. Fourth, companies who cannot make that transition because their products are not required in an EV. There is a sub category in this fourth one where some companies are making adjustments to stay relevant in EV space. So when looking at auto ancillary it is better to look at the whole picture, including whom the supplies are being made.