🧵 1. The auto supply chain is being disrupted by EVs, with parts for internal combustion engines expected to decline 44% by 2027. #business
🧵 1. The auto supply chain is being disrupted by EVs, with parts for internal combustion engines expected to decline 44% by 2027. #business
🧵 2. Meanwhile, revenues for electric drivetrains and batteries/fuel cells are projected to rise 245%.
🧵 3. As the supply chain shifts away from traditional parts, the powertrain part supply pie is also shrinking - from 2000 to 20 parts.
🧵 4. Automakers are adopting new manufacturing methods like giga casting to efficiently produce larger vehicle parts.
🧵 5. Both small and large suppliers in the industry are affected. Smaller firms face challenges in pivoting and must get creative to adapt.
🧵 Read more at: https://www.cnbc.com/2023/07/31/how-evs-are-upending-the-100-year-old-auto-supply-chain.html