Auto brands with less robust R&D resources, like JLR, need to partner with larger companies to efficiently develop EVs:
While EVs as a share of global auto sales are expected to increase to by 2024, smaller automakers will have to compete with the same pool of traditional rivals as well as newer EV challengers, like Tesla, for a slice of a relatively small pie. The level of competition and small market size will likely lead smaller automakers to initially struggle to see quick returns on their EV investments.
Larger automakers making early strides in EV development, like BMW, can take advantage of this need by leveraging their advanced position to build out partnerships and more quickly recoup their investment in EVs. EV manufacturing requires ground-up vehicle redesigns, new supply chains, and retooled production facilities, lending itself to larger automakers that have the manpower and resources to make changes without major interruptions to their legacy products.
Larger automakers can leverage this advantage by forming early agreements and relationships with smaller automakers, sharing in EV development costs and even licensing their existing EV tech to partners. For instance, Volkswagen
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to better organize group birthday dinners on a budget - Business InsiderTired of getting stuck with a bigger bill than expected, or figuring out how to divvy it up properly? There's a better way to run the meal.
Read more »
Pro-Trump conservatives are getting trolled in real life by a far-right groupGroypers, as they call themselves, fuse online political extremism with stunts at conservative events.
Read more »
Exclusive: U.S. manufacturing group hacked by China as trade talks intensified - sourcesAs trade talks between Washington and Beijing intensified earlier this year, sus...
Read more »
How This Runner’s World+ Member Inspired Hundreds More to Join Her Favorite Running Group“If you run, you are a runner, and if you are a runner, you are welcome.” ❤️
Read more »
Universal Global Talent Development And Inclusion Group Launches Universal Animation Writers ProgramUniversal Filmed Entertainment Group’s Global Talent Development & Inclusion division is expanding its search for new voices with the launch of the Universal Animation Writers Program, wh…
Read more »
Praying Daily for the Unchurched and Unaffiliated - Group Ministry'What would happen if we began to see praying for lost people as a daily necessity? How would that impact the Bible study groups we lead? ' - Praying Daily for the Unchurched and Unaffiliated LifeWayGroups
Read more »