An industry at a crossroads - reimagining the automobile company
HONG KONG, Aug 4, 2021 - (ACN Newswire) - The automotive industry is at a crossroads. Traditional automakers, or original equipment manufacturers (OEMs), are in the midst of a tsunami that not all of them will survive. What will be the reason for their demise? Besides the transition from internal combustion engine (ICE) car to electric vehicle (EV), the car industry is undergoing an unprecedented structural transformation. New technologies - autonomous, connected, electrified, sharing (ACES) - are being introduced that will make drivers obsolete; while new competitors have entered the industry...