With businesses and consumers recognizing and beginning to embrace electric vehicles en masse, electric cars are finally reaching the “end of the beginning” in 2020. Even though there has been an increasing movement toward sustainable fleet management over the last years, the trend is now quickening its pace. Electrification has been a fundamental element from transition gas-run cars to green vehicles. Integrating electric or hybrid electric vehicles into the fleet portfolio helps address sustainability and environmental goals. As environmental regulations will become more binding over the next decade, many fleets are recognizing that a staged procurement strategy will enable them to support efficient operations and business continuity.
Besides, in the era of on-demand manufacturing, many automotive businesses themselves are now looking at procuring partners specialized in custom parts of the vehicle. Instead of building everything in-house, they are strengthening their capacity through strategic partnerships. This includes the procurement of components ranging from battery packs to the tiniest piece of the vehicle. For battery packs, especially, there has been a sudden rise of many capable providers. With the ability to power an electric two-wheeler vehicle or a heavy truck, these companies are redefining the traditional mold of electric cars. 3D printing, on the other hand, is reducing the time-to-market for electric vehicle companies with an unprecedented speed. Finally, with the expectation of widespread adoption and implementation of the 5G network, it is now expected that many EV manufacturers will focus their effortsand investment in autonomous driving.
At this juncture, electric vehicle companies with advanced and integrated offerings are on the rise. To help agencies strengthen their operations capabilities and simultaneously enable growth in the sector, Auto Tech Outlook has compiled a list of the top 10 electric vehicle companies in APAC. The list comprises prominent enterprises in the industry that address challenges in the electric vehicle domain by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Auto Tech Outlook’s, “Top 10 Electric Vehicle Companies in APAC for 2020.”