Will YOUR Organization Survive the Powertrain & Electric Vehicles Transformation?

THE ELECTRIC VEHICLE TRANSFORMATION: EMBRACING STRATEGIC ALLIANCES FOR A CHANGING AUTOMOTIVE LANDSCAPE

The automotive industry is undergoing a rapid transformation, departing from an era where traditional original equipment manufacturers (OEMs) tightly controlled technology and manufacturing. As a result, legacy companies find themselves swiftly losing their once unshakable grip on every aspect of the vehicle lifecycle and supply chain. At the heart of this shift lies the electric vehicle (EV) revolution, which has ushered in a cascade of technological disruptions and paved the way for non-traditional players to secure their piece of the pie.

Today’s OEMs are competing with transformative startups that are adept at accommodating modern-day customer preferences, such as product customization and flexible pricing options. However, this emergence of new players has given rise to immense competitive intensity. Only those who embrace forward-thinking growth strategies and dynamic approaches will emerge as victors here, while dormant companies will succumb to the challenges of the new era.

• Have you fully embraced the EV transformation and the growth opportunities it brings?
• Have your strategists identified growth avenues that will propel your company to industry leadership?
• Is your team adept at swiftly navigating escalating competitive intensity?
• Are your teams harnessing the full potential of disruptive technologies?
• How are your teams bridging the growth gap within this industry and strengthening your growth pipeline?

HOW CAN INCUMBENTS CHARGE AHEAD DESPITE THE HINDERNACES IN THIS TRANSFORMATION?
In the face of disruptive competition, strategic alliances and mergers have taken on newfound importance. Emerging players are driving innovative technologies with profitable applications, while industry giants like BYD, Tesla, and Volkswagen maintain their steadfast hold on the EV customer base. These strategic partnerships promise a win-win scenario, guaranteeing profitable ventures for newcomers and granting OEMs swift, cost-effective access to key innovations.

However, in a landscape where over 200 startups have established their presence, can every player expect to achieve transformative growth within their timeframe? Certainly not; the fate of both newcomers and established players hangs in the balance. While many companies harbor immense potential, unlocking it demands foresight, a visionary product strategy, and a profound grasp of shifting customer preferences, emerging megatrends, and cutting-edge technologies.

To navigate this transformative journey successfully, companies must answer critical questions like:

• Are your teams forging the right strategic partnerships with the right players?
• Do your leaders possess the agility to navigate changing megatrends and geopolitical chaos?
• Which innovative business models has your team identified as reliable pathways to success?
• How are you harnessing technological disruptions to drive this transformation?
• Is your team committed to a strategic vision that ensures success in this transformative journey?

JOIN US, AND TOGETHER, LET US EMBARK ON THIS TRANSFORMATIONAL JOURNEY!
Frost & Sullivan boasts over six decades of expertise in aligning global mega trends, emerging technologies, and innovative business models to catalyze profound growth. We specialize in assisting companies in recognizing, assessing, and prioritizing tailored opportunities that empower them to not only survive but thrive in the face of change.

Allow us to be your trusted guide on your transformation journey and help you address such pressing questions:

• Are your teams implementing the right initiatives to expand your reach?
• Are your leaders identifying and evaluating the best growth opportunities for you?
• Are your strategists balancing short-term growth objectives with long-term value creation?
• Is your workforce aligned to support and drive the company’s growth agenda?

This journey is fuelled by four powerful components, ensuring your success in navigating industry changes:

• Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
• Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
• Join Frost & Sullivan’s Growth Council and gain access to think tanks focused on the transformational growth strategies of the healthcare & life sciences industry.
• Designate your company as a Company to Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.

Act now to thrive in the face of industry transformation!

CHARGING AHEAD: CONQUERING GROWTH GAP CHALLENGES AND NAVIGATING THE FAST-PACED EV TRANSFORMATION

The question is not “will” the entire automotive world transition to battery-powered engines, but rather, “when.” The electric vehicle (EV) revolution is inevitable; remarkably, over 95% of OEMs have announced electrification plans for as soon as the next decade, intensifying competition within the industry. This wave of change isn’t confined to traditional vehicle manufacturers; it encompasses over 200 startups and unexpected players, including cross-industry players and tech giants.

• Is your business intelligence leveraging a strategy to excel during the EV transformation?
• Which growth avenues are your strategists exploring to help you outpace your competitors?

A TRANSFORMATIVE SHIFT ABOUND WITH GROWTH OPPORTUNITIES
The path ahead promises an abundance of use cases, innovative business models, and growth opportunities in parallel industries that support EV infrastructure. Notably, high-power charging infrastructure is critical, as is improving battery efficiency, reuse, and recycling for a sustainable ecosystem with minimal stress on power grids. Additionally, the growth of the software-defined vehicle (SDV) and connected vehicle space is central to this transformation. Identifying the right megatrends and technological disruptions will be key as customer preferences evolve, and not every path will lead to success.

• Are you analyzing your universe of growth opportunities and identifying robust next steps?
• How are you preparing to adapt your strategy to transformative shifts in megatrends?

OBSTACLES ON THE ROAD TO FULL ELECTRIFICATION
Like any profound transformation, the EV revolution is still fine-tuning its edges, factoring in geopolitical chaos, parallel industry development, and a strategic approach to reaching 100% adoption. While the electric vehicle sector has witnessed rapid growth, it’s not without its ‘growth gap’, a term we use to describe the fact that the Serviceable Available Market (SAM) is but a fraction of the Total Available Market (TAM) in this domain. This disparity suggests vast untapped potential, particularly for players willing to tackle the following growth gap challenges:

Battery production is a bottleneck: Supply chain issues limit raw materials for batteries. Additionally, environmental concerns surround battery production. There is also a growing concern regarding the use of lithium (Li)-ion batteries, with alternatives like hydrogen fuel cells being more sustainable.

Charging infrastructure is evolving: The global charging infrastructure is essential for EV adoption. However, the focus should not only be on quantity but also on infrastructure that doesn’t strain power grids. Developing more efficient and faster charging technology is also crucial.

The ICE vs EV debate: The shift toward electric vehicles is undeniable, but questions about cost models, total cost of ownership, and innovative business models like subscription services still linger. Resolving these issues will be pivotal in solidifying the transition to EVs.

With these growth gap challenges in mind, several key questions arise:

• How thoroughly are your strategists analyzing growth gap challenges?
• What measures are you implementing to address them?
• Are all your teams aligned toward a unified growth vision and working toward that goal?
• What steps are you taking to accommodate changing customer preferences in your growth strategy?

CHARTING THE PATH FORWARD: THE GROWTH PIPELINE
A well-structured growth pipeline is essential for achieving exponential growth systematically. It involves defining outcomes, asking pertinent questions, identifying promising growth opportunities, implementing effective go-to-market strategies, and continually bettering their strategy. Key considerations for your growth pipeline:

• Are your strategists mapping each step of the growth pipeline with clear goals?
• What steps has your business intelligence team taken towards the right go-to-market strategy?
• Is your growth pipeline more robust than your competitors’?
• Are you progressing through the stages of your growth pipeline faster than your competitors?

In this dynamic industry, seizing growth opportunities and addressing challenges systematically will be key to staying ahead of the curve. Our transformation journey is fueled by four powerful components ensuring your success in navigating the ever-changing landscape of the EV industry:

• Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
• Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
• Join Frost & Sullivan’s Growth Council and gain access to think tanks focused on the transformational growth strategies of the mobility industry.
• Designate your company as Companies2Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.

Act now to thrive in the face of industry transformation!

ARE YOU HARNESSING THE POWER OF DATA VISUALIZATION TO DRIVE YOUR INNOVATION AND GROWTH IN THE ELECTRIC VEHICLE (EV) REALM?

Electric vehicles are rapidly gaining traction among consumers, corporations, transport companies, and even in logistics and off-highway applications — quickly obsoleting traditional powertrains. This transformative shift is giving rise to a vast ecosystem of competitive players that extends beyond traditional original equipment manufacturers (OEMs) to include technology partners, tier-1 vendors, fleet management solutions, and more. In the coming years, the roads will be dominated by EVs, complete with the widespread adoption of cutting-edge features like vehicle-to-grid services, advanced business intelligence, blockchain technology, and intuitive charging patterns.

Are you leveraging a solution that enables precise evaluation of the competitive, technological, and growth opportunity landscape in the EV domain?

In such a dynamic environment, competitive intensity is at an all-time high, making the path to success increasingly elusive. The key lies in harnessing the right data, but not without overcoming the below growth challenges:

• Many industry players lack a curated repository of information tailored to their needs. For example, a North American OEM seeking to expand its EV offerings into Asia-Pacific may need to develop a regional strategy and prioritize target countries based on regulatory, technological, and geopolitical factors. An intuitive platform offering a comprehensive repository of such information, along with perspectives into growth trajectories and the competitive scenario across the region, could be instrumental in overcoming this challenge.
• Analyzing data from multiple perspectives poses another hurdle. For instance, while China plays a pivotal role in the global expansion of EVs, it presents unique entry points challenges. Therefore, industry leaders are leveraging data-derived growth platforms that go beyond raw numbers to offer multiple perspectives and actionable strategies, crucial for developing a growth pipeline.
• Most data platforms lack effective data visualization. Platforms that employ heatmaps, visual comparative analysis, and interactive tools and graphics can facilitate a deeper understanding of data compared to traditional statistics-driven platforms. For instance, complex studies analyzing EV charging times can be far more accessible when accompanied by interactive maps.
• Not all solutions can adapt. Imagine you’re concentrating on expanding EV infrastructure to support your automotive offerings. However, you soon strike a partnership with a technology giant specializing in infrastructure expansion, shifting your focus. In such dynamic situations, an intuitive data-driven solution that seamlessly adjusts as your vision, partnerships, and strategies evolve becomes indispensable.

What if we told you that Frost & Sullivan’s EV Growth Generator can address all these challenges and guide you towards the right growth opportunities?

• Gain access to a vast repository covering 14 mobility segments, 100+ OEMs, and operations in over 100 countries.
• The EV Growth Generator is fully customizable, adapting in real-time to mirror your company vision, regional priorities, and strategic shifts.
• Benefit from personalized growth avenues tailored to your needs, giving you an edge in identifying industry gaps, suitable partners, acquisition targets, optimal business models, and lucrative use cases for monetization.
• Rest assured of the highest standards of data privacy with this intuitive data platform, ensuring all interactions are encrypted and compliant with international data privacy laws.
• Pair the EV Growth Generator with dedicated analyst support for unlimited access to Frost & Sullivan’s team of Growth Experts, ensuring you stay ahead in your industry.

Are your strategists optimally utilizing data for both proactive decision-making and prolonged success within the competitive EV landscape?

Complete and Curated Data Analysis

Curious about accessing the Electric Vehicle Growth Generator to uncover tailored growth prospects for guaranteed success? Connect with our experts for more details.

About Frost & Sullivan

Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global electric vehicle ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes.

• Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
• Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
• Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
• Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.