CX Daily: How Shift to EVs Risks Sidelining Auto Parts Giants

EVs /

In Depth: How shift to EVs risks sidelining auto parts giants

As China’s auto market pivots rapidly to new-energy vehicles (NEVs), the foreign parts-makers that have long held a leading role face being marginalized unless they can reshape their product portfolios.

The pressure on these legacy parts-makers comes from two key shifts — the greater role software now plays in defining drivers’ experience and NEVs’ hardware evolving away from using the parts they are world leaders in making.