Strategic Imperatives For Powertrain & Electric Vehicles
Building a strategic roadmap for investing in battery development and chemistries, software platforms, and electric vehicle (EV) charging technologies as powertrain and internal combustion engine (ICE) investments loose global momentum.
Battling competitive intensity with the emergence of non-traditional mobility players that offer differentiated products and services to maximize customer value.
Embracing new business models as industry convergence amplifies the pressure to adopt service-based approaches that capitalize on disruptive technologies and artificial intelligence (AI).
How do you shift from where you are to what you want to become? How do you fill the gap?
Based on those strategic imperatives the gap between where you are now and where you need to be to achieve transformational growth is daunting.
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Growth Opportunities in Powertrain & Electric Vehicles
Focus on High Power Charging
Ultra-fast, high-powered charging will emerge as the next growth frontier in EV charging as more customers favour minimizing charging times and maximizing energy efficiency. This will gain traction in Europe followed by other global regions.
Battery Reuse and Recycling:
EV battery reuse and recycling will present new opportunities for repurposing old batteries in second life applications. More original equipment manufacturers (OEMs) will focus on building a circular economy for EV batteries amid evolving government regulations and environmental concerns.
Software-defined Vehicles and the Digitization of EVs:
The immense potential of data generated from software-driven EVs is shifting conventional sales to newer business models such as Vehicle-as-a-Service. This uncovers new growth avenues in the form of innovative convenience features, over-the-air updates, infotainment, real-time maintenance and monitoring, and feature-on-demand services.
Technological Advancement in EV Batteries:
As the mobility ecosystem converges with disruptive technologies, cell suppliers have the opportunity to diversify into building complete battery packs that cater to domestic EV manufacturers and global OEMs.
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2023 Enabling Technology Leadership Award—EV Battery Enabling Technology, EuropeRead More
2022 Product Leadership Award—Electric Vehicle Charging Infrastructure, Europe
2021 New Product Innovation Award—Electric Vehicle Charging Equipment, Europe
2021 Market Leadership Award—Electric Vehicle Charging, EuropeRead More
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Growth Council Think Tank Series
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