Sean Wagner
Member
There's an entire, vital stratum of the automotive industry missing in this conversation, and that's the suppliers.
Some of them are a lot more far-sighted than others, but many are investing in parts of the electric value chain.
Some very different examples:
Bosch, the world's number one, has a CEO who promised to deliver a decision regarding a big battery factory at the end of 2017. Then at the beginning of 2018. And now, it's moving back again, with more uncertainty mixed into the pronouncements. Nevertheless, Bosch is busy designing vital components for electric vehicles.
Bosch's numbers: 400'000 workers, 78 billion Euros sales, 5.3 B Euros EBIT
A "smaller" German supplier, Scheffler, is investing 1 billion Euros [a very significant amount of money for them] till 2020 towards electric mobility development. See:
Schaeffler: Mit E-Mobilität "so schnell wie möglich" Geld verdienen - ecomento.de
Mahle Kolben [12 billion Euros turnover] started investing very early, causing some wonderment.
Quote form below: "Anders als viele Konkurrenten aber hat Firmenchef Stefan Wolf vorgesorgt. Schon seit mehr als 15 Jahren erforscht ElringKlinger neue Antriebsformen wie Brennstoffzellen und Batteriemodule:"
Folgen der E-Mobilität - Harte Zeiten für die Auto-Zulieferer
Or take GKN from the UK, they're investing in electric motor production in China. See:
eDrive-China | Our Thinking | GKN Driveline | Our Divisions | GKN Group
Missing the supplier link is easier in the US:
Top automotive suppliers 2016 | Statista
Some of them are a lot more far-sighted than others, but many are investing in parts of the electric value chain.
Some very different examples:
Bosch, the world's number one, has a CEO who promised to deliver a decision regarding a big battery factory at the end of 2017. Then at the beginning of 2018. And now, it's moving back again, with more uncertainty mixed into the pronouncements. Nevertheless, Bosch is busy designing vital components for electric vehicles.
Bosch's numbers: 400'000 workers, 78 billion Euros sales, 5.3 B Euros EBIT
A "smaller" German supplier, Scheffler, is investing 1 billion Euros [a very significant amount of money for them] till 2020 towards electric mobility development. See:
Schaeffler: Mit E-Mobilität "so schnell wie möglich" Geld verdienen - ecomento.de
Mahle Kolben [12 billion Euros turnover] started investing very early, causing some wonderment.
Quote form below: "Anders als viele Konkurrenten aber hat Firmenchef Stefan Wolf vorgesorgt. Schon seit mehr als 15 Jahren erforscht ElringKlinger neue Antriebsformen wie Brennstoffzellen und Batteriemodule:"
Folgen der E-Mobilität - Harte Zeiten für die Auto-Zulieferer
Or take GKN from the UK, they're investing in electric motor production in China. See:
eDrive-China | Our Thinking | GKN Driveline | Our Divisions | GKN Group
Missing the supplier link is easier in the US:
Top automotive suppliers 2016 | Statista
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