The rapid growth of eVehicle sales and production in the Asia-Pacific region can be attributed to the high growth in China, Japan and South Korea. Despite ambitious goals, eV market conditions in other Asia-Pacific countries are under-developed despite very vocal support from local governments.
The Chinese eV market has been in a high-growth stage since 2016, driven mainly by government incentives. It is mandated by the Chinese government that by 2025, eV sales will account for more than 20% of total vehicle sales annually. In China the institutional environment for the eV industry (mainly PEV) has been increasingly favorable, evidenced by frequent high-level official statements, major policy implementations, massive governmental and industrial investment, and generous purchase and adoption incentives. The local OEMs have dominated the Chinese eV market by taking an early lead. Trends indicate that small BEV passenger cars will register a fast growth in the eV market.
Battery technologies have rapidly changed and adapted to market conditions. It is expected that battery material suppliers will change their policy of business expansion from self-sustaining growth to forming alliances. As a result, automotive OEMs will collaborate with battery suppliers to take control of LIB technology developments.
SAI has operated in Asia Pacific since the 1980’s and has significant experience across a diverse range of industries including automotive. SAI is well-placed to support business decision-making within the eV and the eV components supply eco-system in Asia and globally through services such as:
• Competitor benchmarking – assess your eV footprint versus other domestic and multinational competitors
• Customer analysis – what are your own and competitors’ customers’ unmet needs in the eV industry
• Value chain and supply chain assessments – what are the implications and key success factors for eV strategies in Asia
• Regulatory implications of eV
• Strategic opportunities in eV through organic growth or through M&A and JV’s in Asia Pacific
If you would like to receive a complimentary Executive briefing on eV in Asia, or if you would like to discuss how SAI may support your-eV strategies in Asia, please contact Greg Downes, SAI President, email@example.com or +65 6550 9827