The pivot to electric: What drivetrain suppliers can do to prepare

To successfully transition to EVs, powertrain companies must find ways to fund the growth of their EV business while simultaneously managing a decrease in their internal combustion engine (ICE) business. One solution to this issue is implementing Industry 4.0 strategies such as advanced analytics, automation, and manufacturing techniques. Additionally, implementing effective labor recruitment and training strategies can play a critical role in the success of the transition.

Read the whitepaper to discover:

  • How traditional automakers and powertrain suppliers are facing challenges with this shift to EV
  • How Battery EVs are gaining market share quickly, particularly in China and Europe
  • Why companies need help navigating the transformation while dealing with a global economic slowdown and supply disruptions
  • How well-funded companies outside of the automotive space are entering the EV market
  • How implementing Industry 4.0 strategies such as advanced analytics, automation, and manufacturing techniques can be a solution
     

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