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Automotive Industry:Europe: Difference between revisions
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Traditional suppliers find themselves sandwiched between “high-tech commodity” companies that provide semiconductors and batteries upstream and cost-pressured incumbent OEMs downstream. This dynamic threatens European supply chains. Consider that the current battery value chain is largely controlled by Chinese companies. | Traditional suppliers find themselves sandwiched between “high-tech commodity” companies that provide semiconductors and batteries upstream and cost-pressured incumbent OEMs downstream. This dynamic threatens European supply chains. Consider that the current battery value chain is largely controlled by Chinese companies. | ||
To counteract recent developments and establish a robust supply network similar to Europe's during the ICE era, major players in the industry are forming strategic partnerships. These partnerships aim to ensure access to essential resources and manufacturing capacity, particularly for batteries and semiconductors. Some established companies intend to enhance their influence over crucial parts of the value chain by collaborating with mine operators or investing in mining operations. However, despite these initiatives being a positive step, the projected supply and capacity are still insufficient to meet the region's anticipated demand by 2030. Therefore, there is a pressing need for accelerated efforts in this direction. | |||
[[File:Screenshot 2023-09-05 112653.png|center|thumb|627x627px|<ref>https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/a-road-map-for-europes-automotive-industry#/</ref>]] | [[File:Screenshot 2023-09-05 112653.png|center|thumb|627x627px|<ref>https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/a-road-map-for-europes-automotive-industry#/</ref>]] | ||
== References == | == References == | ||