WATCH: How EVs Could Shake Up the Automotive-Parts Supply Base

August 16, 2023

EV video
WATCH: How EVs Could Shake Up the Automotive-Parts Supply Base
This 17-min. CNBC report explores the “harsh future” facing companies that make parts for internal-combustion-engine (ICE) vehicles. 

“Revenues for ICE cars, and fuel and exhaust systems, are expected to decline 44 percent through 2027,” the report offers. “Meanwhile, for electric drivetrains and batteries or fuel cells, revenues are expected to rise 245 percent, according to a 2023 Deloitte Automotive Supplier Study. While the parts themselves are changing, the pie is also shrinking. An internal-combustion powertrain has about 2000 parts. EV (electric vehicle) powertrains have about 20, sometimes less. …Even the large, publicly traded suppliers such as Bosch, Denso, Magna and ZF could be in trouble.

“The question is, will EVs kill the thousands of auto suppliers, or can they find ways to pivot, consolidate or somehow stay in business?”
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Hot Stamping Conference and Plant Tour: November 29-30, Holland, MI
MetalForming magazine and the Precision Metalforming Association are proud to deliver this one-of-a-kind event that provides a unique opportunity to dive deeply into the ever-expanding world of hot stamping. Designed for automotive OEMs and Tier suppliers, the conference agenda features some of the leading experts in hot stamping, a go-to process for the production of lighter and safer vehicles. And the event includes a tour of the GNS North America facility and close-up looks at its press-hardened steel stamping lines, five-axis laser-cutting cells, weld-assembly cells and non-weld fastener-application cells. In addition, the facility is home to Quincy Tool and Engineering, the GNS tool and die design/engineering and build center.
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