For instance, the transition to EVs will cause revenue pools to shift from traditional inside combustion engine elements to e-drive modules and methods. Industry modifications present automotive suppliers with a major alternative to reshape their companies and modernize enterprise fashions. EY researchers just lately conducted interviews with more than a dozen senior executives from automotive suppliers throughout the globe to discuss industry adjustments. Most individuals felt that companies must begin to plan for change now or threat losing out to opponents in the future.

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