Wire Stories

Strategy Analytics: Auto Makers Raise Automation and Spin-Off Combustion and Hybrid Operations As They Become “All-Electric”

Competing Chinese Auto Makers Start Exports in Significant Volumes

BOSTON--(BUSINESS WIRE)--#Chinese--Auto makers have restructured their businesses and strategies to become �all-electric� as the European Union and other national governments begin mandating sales bans of new combustion engine-powered light vehicles. The Strategy Analytics� Electric Vehicle Service (EVS) report: OEM Hybrid and Electric Vehicle Strategies: Global OEMs Raise Production Capacity For "All-Electric" While Chinese OEMs Begin Exports sees auto makers streamlining their business in an effort to raise investment to become �all-electric,� as well as lowering production cost to mitigate the cost premium in electric vehicles caused mainly by batteries.

�Streamlining efforts include the increased levels of manufacturing automation, the use of mega-castings to reduce component count and the increased use of simulation to lower development cost,� says Kevin Mak, principal analyst in the Global Automotive Practice (GAP). �Furthermore, legacy combustion engine and hybrid powertrain businesses are now being spun-off from the auto groups to raise focus to the surviving electric vehicle business. This comes at a time when Chinese auto makers are starting to export their vehicles to other market regions in significant volumes. These auto makers have a ten-year head-start in the electric vehicle market, backed by economies of scale and a battery supply chain dominated by Chinese vendors.�

Source: Strategy Analytics, Inc.

#SA_Automotive

About Strategy Analytics

Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Part of TechInsights, our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.

For more information about Strategy Analytics

Electric Vehicle Service (EVS): Click Here

Contacts

Report contacts:
European Contact: Kevin Mak, +44 (0)1908 423 644, [email protected]
US Contact: Ed Sanchez, +1 617 614 0717, [email protected]
China Contact: Julia An, +86 10 8975 5246, [email protected]

To Top