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  5. HPS.A: Which companies could benefit from the new Honda announcement? [Hammond Power Solutions Inc. Class A Subordinate Voting Shares]
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Q: Which companies could benefit from the new Honda announcement?
Thanks Steve
Asked by Stephen on April 26, 2024
5i Research Answer:

We could see materials companies like LAC benefit indirectly due to need for lithium in EV manufacturing. Additionally, industrials companies like HPS.A, MG, and LNR who are key players on the components side of things in automobile manufacturing could also benefit. Some contractors could benefit (WSP, STN) depending on contracts eventually awarded, or even from just increasing overall spending in construction and creating opportunities elsewhere for others not winning tenders (i.e. stretching available capacity)

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