Tesla and Google driverless market’s “most investible brands” | Smart Highways Magazine: Industry News

Tesla and Google driverless market’s “most investible brands”

Share this story...Tweet about this on TwitterShare on LinkedInShare on FacebookShare on Google+Email this to someonePrint this pageBuffer this pagePin on PinterestShare on StumbleUponShare on Tumblr

The latest results from a year-long research study into the autonomous vehicle market have ranked the views of investors as the top “most investible” companies in the sector, with Tesla being named top manufacturer and Google best IT company.

In the second-quarter survey, conducted by international law firm Gowling WLG and economic research agency Explain the Market, Tesla (26%) topped the charts when it comes to investor confidence in AV manufacturers – closely followed by BMW (22%).

For the world’s biggest IT companies, investors ranked Google (35%) as the business with the highest potential for success in the AV market. This is markedly higher than other giant brands which investors feel are yet to make an impact – notably Baidu (2%), Uber (8%) and Apple (11%).

The survey also suggests Bosch (54%), Tata Elixsi (36%) and ParkWhiz (29%) are the most investible tech brands in the AV tech sector, according to UK investors.

Stuart Young, partner and head of Automotive at Gowling WLG said, “When it comes to the AV sector – research shows UK investors are backing innovation from a wide range of sources. UK Investors clearly have confidence in both the old and the new, the big and the small. They are tracking the best ideas and conditions whether they come from start-ups or corporate giants.”

The report says that since the survey’s Quarter one results, there have been some subtle shifts in investor mood regarding the barriers towards widespread AV introduction. Whilst concerns about unclear rules and regulations have slightly diminished, doubts about a lack of collaboration between industry and government appear to be increasing.

The progress of smart cities projects is also an increasingly important factor to investors when it comes to making a decision to invest in the AV market.

This is the second wave of a year-long study of more than 1,000 investors. The ongoing tracker study tracks the confidence, attitudes and opinions of UK investors to the AV sector and reveal what investors really want as the sector develops. The study will also probe the real barriers and factors that impact confidence.

 
Comments

No comments yet.