Breaking Through: The Real Forces Driving EV Growth
The race for electric vehicle dominance is intensifying, and the winners are already moving, locking in supply chains, securing rare-earth alternatives, scaling localized production, and investing in next-gen battery and motor technologies.
Organizations are grappling with critical inflection points:
Organizations are facing critical inflection points:
- Localize production or lose access to consumers
- Innovate motor technologies or face cost disadvantages
- Secure rare-earth alternatives or risk supply vulnerability
To add to it, governments are mandating electrification timelines, OEMs are aggressively consolidating supply chains, and emerging battery innovations (solid-state, sodium-ion) are disrupting incumbent advantages.
Key OEMs and Battery Manufacturers Around the World
Europe
| OEM | Manufacturer |
|---|---|
| Volkswagen Group | Northvolt |
| Stellantis | Saft Groupe |
| BMW | ACC |
North America
| OEM | Manufacturer |
|---|---|
| General Motors | Tesla |
| Ford | Panasonic (Gigafactory) |
| Tesla |
Asia-Pacific and China
| OEM | Manufacturer |
|---|---|
| Build Your Dreams (BYD) | CATL |
| Geely | Build Your Dreams (BYD) |
| Great Wall Motor Company Limited (GWM) | China Aviation Lithium Battery (CALB) |
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Key Strategic Imperatives Revolutionizing the Battery EV Industry
Transformative Megatrends
Driving control and efficiency through vertical battery integration.
Competitive Intensity
Accelerating innovation as tech disruptors reshape the EV landscape.
Geopolitical Chaos
Building resilient, ethical, and diversified supply chains for stability.
By 2030, the global eEV traction motor industry is projected to reach approximately $395.75 billion, expanding at an average annual rate of 20.0% from 2024 to 2030.
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