💨 Abstract

The Ambit Capital report forecasts that the shift to electric vehicles (EVs) will redefine the auto component industry, increasing content per vehicle and creating new opportunities for suppliers. While this change poses a threat to manufacturers reliant on internal combustion engine (ICE) components, it offers significant growth potential. The report suggests that component suppliers can capitalize on EV-specific parts like lithium-ion batteries, traction motors, controllers, and battery management systems.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖