UBS names stocks to buy to play autonomous driving boom in China


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The world is embracing the electric vehicle revolution, but UBS says autonomous driving is set to outshine even EVs in the auto space. "We expect autonomous driving to be the next technological revolution in the auto space, arguably a more significant megatrend than electrification with a more profound impact on the industry," UBS analysts, led by Paul Gong, wrote on Nov. 17. The investment bank said China has been a world leader in EV adoption, and now has the potential to also lead when it comes to self-driving cars. It cited China's large domestic market, high acceptance of autonomous driving,...