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.
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
European Contact: Kevin Mak, +44 (0)1908 423 644, firstname.lastname@example.org
US Contact: Ed Sanchez, +1 617 614 0717, email@example.com
China Contact: Julia An, +86 10 8975 5246, firstname.lastname@example.org