Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/gW4NPDxa #ElectricVehicles #SustainableMobility #AutoIndustry
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Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/gqb4mfij #ElectricVehicles #SustainableMobility #AutoIndustry
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Interim Operations Director with over 25 years of experience in managing operational start-ups, transformation and turnaround projects within the manufacturing/automotive sector, in the UK and internationally.
https://lnkd.in/eNNTVAPr A very interesting article published by Shiv Shivaraman of AlixPartners discussing and sharing their findings on Electric Vehicle Consumer Sentiment. It is essential for manufacturers to focus on resolving the obstacles in the markets for their own products as opposed to relying on governments to create further obstacles for competitors. An interesting question this prompts is who will take the lead in co-ordinating the all-encompassing strategy that is required, and ensuring realisation with tangible actions? Its not a simple answer but based on my significant experience operating within the automotive sector guiding and transformation operations both in Europe and Asia as well as Central America western manufacturers would be well guided to follow some of the following; call it a blueprint for sustainable success! 1.Investment in Research and Development (R&D): •Increased funding for EV-related R&D to innovate and improve battery technology, energy efficiency, and vehicle performance. 2.Supply Chain Development: •Building a robust domestic supply chain to reduce dependency on foreign suppliers. 3.Government Policies and Incentives: •Subsidies, tax incentives, and rebates for consumers and manufacturers. •Supporting infrastructure development. 4.Public-Private Partnerships: •To include supporting startups and small businesses in the EV sector through grants, loans, and business incubators. 5.Market Expansion and Export Strategies: •Encouraging expansion into new markets, leveraging trade agreements and diplomatic efforts. 6.Workforce Development: •Investing in education and training programs to build a skilled workforce. •Promoting STEM education to ensure a steady pipeline of talent. 7.Consumer Awareness and Acceptance: •Running awareness campaigns to educate consumers about the benefits of EVs and addressing concerns. •Promoting the environmental and economic advantages of EVs to drive consumer demand. 8.Strategic Alliances and Mergers: •Encouraging strategic alliances and mergers to pool resources, share technology, and enhance competitiveness. •Collaborating with tech companies to integrate advanced software, AI, and connectivity features into EVs. 9.Focus on Quality and Innovation: •Differentiating Western EVs through superior quality, safety, and innovative features such as autonomous driving capabilities and advanced infotainment systems. •Ensuring that Western EVs offer compelling value propositions to consumers. By addressing these areas, the West can enhance its competitiveness in the EV market, close the gap with Chinese manufacturers, and lead the global transition to electric mobility. #automotive #electricvehicle #consumerconfidence #supplychain
Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/gW4NPDxa #ElectricVehicles #SustainableMobility #AutoIndustry
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Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/e7X3szgF #ElectricVehicles #SustainableMobility #AutoIndustry
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Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/gKNuHphx #ElectricVehicles #SustainableMobility #AutoIndustry
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Managing Director at AlixPartners | Asia Leader Private Equity | Turnaround Specialist | Auto & Industrial Practice Japan Leader | M&A, PMI | EBITDA improvement |
Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/g_-KGSfd #ElectricVehicles #SustainableMobility #AutoIndustry
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Director at AlixPartners - Operations Management | Process Optimization | Business Development
Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/g27QC2Jc #ElectricVehicles #SustainableMobility #AutoIndustry
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Chinese automakers are dominating the global EV market, accounting for over half of all EVs produced worldwide. Their price advantage and growing consumer appetite for EVs positions them well; however, the landscape is evolving. Here’s what you need to know, from AlixPartners' Shiv Shivaraman: 1. China’s Clear Advantage: A staggering 97% of Chinese respondents plan to buy an EV as their next vehicle, compared to 35% in the US and 43% in Europe. Chinese consumers favor domestic models, giving China a head start in the EV race. 2. Challenges Ahead: While China’s lead is evident, international rivals are catching up. Chinese automakers must navigate mature markets like Western Europe and the US. Maintaining their price advantage will be crucial. 3. Global Collaboration: The global auto industry’s potential should not be overlooked. And the discussion should be guided by a desire to collaborate on a brighter future than motivated by fear. Read more: https://lnkd.in/eUu4snFS #ElectricVehicles #SustainableMobility #AutoIndustry
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Interesting analysis on the EV revolution and just how scared existing market- dominant auto makers are of China. As early adaptors who invested big, China are reaping the reward and are clearly going to dominate the auto market. Simple lesson here for all the conservative and business folk in western societies who continue to deny the reality of climate change and maintain a dense echo chamber to avoid change and adaptation. The lesson? Guys (they mostly are) if you are so determined to be stuffed, find a taxidermist and get the job done properly.
What has the Japanese OEMs REALLY scared? China. But, it's now too late. "America's fast-growing EV market is one thing, but what has them really spooked is their eroding market share in China and that country's homegrown EV industry getting into the export game in force. Basically, everyone's gangster until BYD sets up a factory in your preferred backyard." Over the last 18 months or so, Japanese OEMs have gone from not a care in the world 🌎 to a 6 alarm crisis. The 2 key problems are both to do with China, and the root cause of this problem is the lack of action on EVs. Toyota Motor Corporation in particular, has been very negative towards EVs, and has instead pushed their strength in hybrids, as well as hydrogen fuel cell vehicles. Of course, for the later, the public was about as enthusiastic as they are about a squirrel sh!t beauty mask. Hybrids, though, have continued to grow in popularity as a bridge to EV, and trust me, they ARE a gateway drug to going fully electric. The first problem the Japanese OEMs have is sales in the Chinese domestic market. Local Chinese manufacturers came out with truly excellent and desirable EV product, and the Japanese had nothing to respond with. Hence market share began to drop like a fart in a perfume conference. So much so that Mitsubishi Motors Corporation had to pull out of China all together. Then there was the second big problem. With this excellent new product came overseas demand, and before long, China 🇨🇳 overtook Japan as the world's leading auto exporter. So, Chinese OEMs ate Japan's OEMs lunch because their management had their heads stuck in the sand and gassed with hydrogen #hopium. Pretty much, Japan can thank Akio Toyoda for that critical error, as the government and other OEMs seem to follow whatever he says. Now, Chinese OEMs and battery suppliers have announced factories in North America, Europe and Asia; and are threatening to suck up Japanese global share like a twin turbocharged Hoover. Sure, the Japanese will catch up with great EV product. However, they've almost completely lost China, and it's just a matter of time before the same happens to Asia and Europe 🇪🇺. Do you agree that Japan's global automotive influence is waning? Let me know your thoughts in the comments below. #automotive #batteries #climatechange #electricvehicles #innovation #sustainability #cleanenergy #renewableenergy
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EVs are the present fashion. Wakeup everybody! Do you really think there will be enough power to charge all EVs in the future. I seriously doubt it, look at the infrastructure concern in most countries, The pace that the governments are acting dine it’s impossible! But wore of all is the milage compared with combustion engines. I recently purchased a new medium size HEV Japanese vehicle (petrol + electric), not a PHEV. I took my family on a small weekend vacation, and I manged 1057km on a full tank of petrol, with still 69km to spare and the average consumption of 4,9L/100km. Now, this is truly amazing for a family SUV. Combustion engines will last for many more years, beyond 2030. I seriously think VW is going to slip up. I doubt VW or even Volvo will have all their vehicles solely on EV. Not even the EU are sure of the EVs future!
What has the Japanese OEMs REALLY scared? China. But, it's now too late. "America's fast-growing EV market is one thing, but what has them really spooked is their eroding market share in China and that country's homegrown EV industry getting into the export game in force. Basically, everyone's gangster until BYD sets up a factory in your preferred backyard." Over the last 18 months or so, Japanese OEMs have gone from not a care in the world 🌎 to a 6 alarm crisis. The 2 key problems are both to do with China, and the root cause of this problem is the lack of action on EVs. Toyota Motor Corporation in particular, has been very negative towards EVs, and has instead pushed their strength in hybrids, as well as hydrogen fuel cell vehicles. Of course, for the later, the public was about as enthusiastic as they are about a squirrel sh!t beauty mask. Hybrids, though, have continued to grow in popularity as a bridge to EV, and trust me, they ARE a gateway drug to going fully electric. The first problem the Japanese OEMs have is sales in the Chinese domestic market. Local Chinese manufacturers came out with truly excellent and desirable EV product, and the Japanese had nothing to respond with. Hence market share began to drop like a fart in a perfume conference. So much so that Mitsubishi Motors Corporation had to pull out of China all together. Then there was the second big problem. With this excellent new product came overseas demand, and before long, China 🇨🇳 overtook Japan as the world's leading auto exporter. So, Chinese OEMs ate Japan's OEMs lunch because their management had their heads stuck in the sand and gassed with hydrogen #hopium. Pretty much, Japan can thank Akio Toyoda for that critical error, as the government and other OEMs seem to follow whatever he says. Now, Chinese OEMs and battery suppliers have announced factories in North America, Europe and Asia; and are threatening to suck up Japanese global share like a twin turbocharged Hoover. Sure, the Japanese will catch up with great EV product. However, they've almost completely lost China, and it's just a matter of time before the same happens to Asia and Europe 🇪🇺. Do you agree that Japan's global automotive influence is waning? Let me know your thoughts in the comments below. #automotive #batteries #climatechange #electricvehicles #innovation #sustainability #cleanenergy #renewableenergy
Japan's Automakers Shift Into Crisis Mode Over The EV Race
insideevs.com