Sector: Clean Tech
"TPI Composites currently makes composite wind turbine blades and has started making composite bus bodies in partnership with Proterra. It now has five development programs in this strategic space (its clean transportation initiative), including EVs in the automotive area, trucks with Navistar, and other products along these lines - a couple have been mentioned by name, including General Motors and Navistar, and there are a few others that remain confidential at this point.
"On its recent 3Q call, it announced that it is investing ~$12m in ‘19 to develop an automated pilot manufacturing line for the EV market, which it will use to establish processing IP and showcase manufacturing capabilities at automotive volume rates. It has said it is targeting $500m revenue contribution in 2023 from its clean transportation initiatives (EVs/buses), which would represent ~20% of topline. If it is able to establish a presence in the broad EV space now, it might have an early mover advantage with next generation flying cars."
Source: Morgan Stanley