The COVID-19 pandemic has slowed down the sales of petroleum vehicles worldwide, but EVs have recorded a surge in sales. A positive effect of COVID-19 is that more people have started to care about the environment, potentially accelerating the mass adoption of EVs. With businesses and consumers increasingly recognizing and beginning to embrace hybrid electric vehicles into the fleet portfolio, it is helping 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.
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, including the procurement of components ranging from battery packs to the tiniest piece of the vehicle. At the same time, to charge electric two-wheeler vehicle or a truck, companies are remoulding the traditional electric cars. 3D printing, on the other hand, is reducing the time-to-market for electric vehicle companies at 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 efforts and 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 aspiring CIOs.
We present to you Auto Tech Outlook’s, “Top 10 Electric Vehicle Solution Companies in APAC – 2021.”