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"The winners will be those that can compress development into a single, fast and efficient process so that each part is created in combination with all the others, for everything from cost to carbon efficiency. "
Paolo Guglielmini, President of Hexagon’s Manufacturing Intelligence division
Discover the automotive industry’s ambitions and concerns for a 100% EV market, and how digitalisation helps to resolve the tension between profit and planet.
The development of electric vehicles (EVs) is today’s equivalent of the transition from horse-drawn carriages to motorised transport. The continued electrification and digitalisation of the automotive industry to meet net-zero targets is driving rapid innovation while also revealing new challenges.
This report draws on a survey of 416 automotive OEMs and Tier 1, 2 and 3 suppliers conducted by Wards Intelligence and Informa Engage, providing a snapshot of EV development from concept to manufactured product. It considers the opportunity for innovation, the new challenges today and how the industry is adapting to the huge disruption in automotive engineering practices and supply chains as they try to deliver EVs in less than half the time taken to produce comparable ICE vehicles.
It reveals the industry is experiencing a sea-change in new product development and manufacturing processes from materials, powertrains, batteries or fuel cells and software integration to saleable EVs. As OEMs and the supply chain adapt to the dynamics and consequences of the technology convergence and megatrends, it confirms they are struggling with the scale and speed of the change necessary
Download your free copy of Hexagon’s Manufacturing Intelligence division’s report “Recharging the automotive market: How manufacturing is transforming to stay ahead of EV disruption and deliver on sustainability” and explore:
- Challenges holding back consumer EV adoption and how innovation in automotive and manufacturing technology are overcoming them
- How new approaches are enabling more sustainable future EVs by considering the lifecycle impact of materials and processes
- Impact on engineering and manufacturing organisations and the new skills and culture required for the digital age
- Drivers for smart manufacturing approaches and why they are not more widely used
- How digital transformation of EV manufacturers enables new business models, impacting supply chain consolidation and resilience