CNBC Pro

Want a new way to play the electric vehicle game? Try these stocks says Bank of America

The_burtons | Moment | Getty Images

Bank of America analysts have picked three global auto parts firms that they say are trading at a discount and are likely to shake off competition from newer electric vehicle suppliers.

Auto suppliers that make components for internal combustion engine cars are shaping up well to the challenge of making parts for EVs — and far from being disrupted by new firms, they have a "sizeable advantage" due to their scale and relationships with auto manufacturers, the bank's analysts said.

BofA picked three global stocks ahead of a "strong" earnings season, assets that are trading at an average 12% discount to U.S. peers — and they also have higher dividend yields, the analysts said in a research note Monday.

Here are the picks:

More In Street Calls

CNBC ProHere are Wednesday's biggest analyst calls of the day: Gap, Nordstrom and more
CNBC ProHere are Tuesday's biggest analyst calls of the day: GE, Micron, Bumble and more
CNBC ProMove aside, Alibaba. Morningstar says it prefers another Chinese e-commerce stock