For traditional automotive suppliers, the complex e-mobility environment is fraught with uncertainties, as it presents them with new challenges, like the need to close the technology gap that has resulted from electrical components and software, for example. In addition, the shorter development times compared to cars with combustion engines mean that they have to work at a faster pace. We are also seeing a fierce battle on the job market for talented individuals who can work on new developments with speed and expertise. And last but not least, remaining competitive with regard to costs is a top priority for automotive suppliers.
But there are also opportunities here as well, particularly for the companies that can rapidly offer perfectly matched subsystems or complete system solutions. Chinese OEMs are happy to rely on qualified suppliers to provide comprehensive solutions with global footprint. This also includes competencies such as the integration of systems at the vehicle level, such as designing and supplying a complete driveline for a passenger vehicle. Ultimately, the competitiveness of a modern automotive supplier depends on a committed and highly qualified team that can demonstrate a high level of efficiency thanks to broad authority to make decisions.