Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow EVs Are Disrupting Small Car Parts SuppliersCompanies that make parts for internal combustion engines are facing a harsh future.
The switch to EVs means companies need different parts, and EV powertrains have thousands fewer components than ICE cars.
Automakers are finding more efficient ways to build cars, and are making a greater share of parts in-house.
Many suppliers are small, family owned firms that have been around for decades.
But even the large publicly traded suppliers such as Bosch, Denso, American Axle, Magna and ZF are affected.
Organizations:
Suppliers Companies, EV powertrains, Bosch