Guest Commentary

Guest commentary: Product strategy and funding: The key link in suppliers' EV transition

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Suppliers must remember that lenders do not fund concepts; they finance projects. A state of readiness and solid plan are needed before asking for funds. (BLOOMBERG/Bloomberg)
April 17, 2024 02:59 PM

The transition to electric vehicles presents a potential make-it-or-break-it challenge for suppliers. To remain competitive, companies at every stage of the automotive manufacturing supply chain must innovate and create novel components that help EVs meet automakers' demands, exceed consumer expectations and compete on price.

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