The Disruption of EVs on the Auto Supply Chain and Car Parts Suppliers
The shift towards electric vehicles (EVs) is disrupting the traditional auto supply chain, with revenues for internal combustion engines and related parts expected to decline while those for electric drivetrains and batteries are projected to rise significantly. Automakers are adopting new manufacturing methods like giga casting to produce parts more efficiently. While larger suppliers are spinning off or winding down their internal combustion divisions, smaller suppliers face challenges in making the transition due to limited capital. The evolving supply chain presents opportunities for innovation and creativity in the industry.
