Addionics’ Post

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐅𝐮𝐭𝐮𝐫𝐞𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐒𝐀𝐄 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐍𝐀𝐈𝐏𝐂) 𝐢𝐧 𝐂𝐡𝐢𝐜𝐚𝐠𝐨 Bruce Belzowski, Managing Director from Automotive Futures Group, attended SAE International NAIPC in Chicago last week.  He’s joined here with Automotive Futures Affiliate, Jeremy Holt, CEO of Amsted Automotive.  The conference focused on important issues related to current and future #propulsion systems including The Challenge of Navigating Consumer Choice, Economic and Environmental Policy, Rational ICE Ramp Down, Creating a Customer-Centric #Energy Ecosystem for EV and H2 Vehicles, Managing Capital in the Auto Industry, China As The Competition, and Insights from Suppliers and Manufacturers on the Future of Propulsion Systems.  The takeaways?  Slower EV adoption, continued ICE sales into the distant future, uniqueness of US #auto EV consumers, hydrogen and EVs for commercial fleets, large investments in charging infrastructure from government and industry, manufacturers taking different routes to the propulsion future, and suppliers challenged to meet both ICE and EV component technology requests.  Companies seem set in short term thinking, based on their need to meet quarterly financial goals.  With the slowdown in #EV purchases, they seem focused on making as much as they can on ICE vehicles as long as they can because that’s where all their investments are.  There was little talk about the Inflation Reduction Act that has a 10 year horizon, trying to build out the EV battery supply chain in the US (and free trade agreement countries).  China has a 10 year lead on the US in the EV battery supply chain, so it will take at least that long to build out the US version.  There have been tremendous investments in battery facilities in the US over the past three years.  But reducing the cost of EVs to make them competitive with ICE vehicles must also be the job of the manufacturers and suppliers.  Without their support, EVs will continue to be niche vehicles.  We’ve known since the advent of EVs in the 2010s that turning over the US fleet will take decades, especially if we don’t sell many new EVs per year.  It will take even longer if the industry does not see any need to change.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐅𝐮𝐭𝐮𝐫𝐞𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐒𝐀𝐄 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐍𝐀𝐈𝐏𝐂) 𝐢𝐧 𝐂𝐡𝐢𝐜𝐚𝐠𝐨 Bruce Belzowski, Managing Director from Automotive Futures Group, attended SAE International NAIPC in Chicago last week.  He’s joined here with Automotive Futures Affiliate, Jeremy Holt, CEO of Amsted Automotive.  The conference focused on important issues related to current and future #propulsion systems including The Challenge of Navigating Consumer Choice, Economic and Environmental Policy, Rational ICE Ramp Down, Creating a Customer-Centric #Energy Ecosystem for EV and H2 Vehicles, Managing Capital in the Auto Industry, China As The Competition, and Insights from Suppliers and Manufacturers on the Future of Propulsion Systems.  The takeaways?  Slower EV adoption, continued ICE sales into the distant future, uniqueness of US #auto EV consumers, hydrogen and EVs for commercial fleets, large investments in charging infrastructure from government and industry, manufacturers taking different routes to the propulsion future, and suppliers challenged to meet both ICE and EV component technology requests.  Companies seem set in short term thinking, based on their need to meet quarterly financial goals.  With the slowdown in #EV purchases, they seem focused on making as much as they can on ICE vehicles as long as they can because that’s where all their investments are.  There was little talk about the Inflation Reduction Act that has a 10 year horizon, trying to build out the EV battery supply chain in the US (and free trade agreement countries).  China has a 10 year lead on the US in the EV battery supply chain, so it will take at least that long to build out the US version.  There have been tremendous investments in battery facilities in the US over the past three years.  But reducing the cost of EVs to make them competitive with ICE vehicles must also be the job of the manufacturers and suppliers.  Without their support, EVs will continue to be niche vehicles.  We’ve known since the advent of EVs in the 2010s that turning over the US fleet will take decades, especially if we don’t sell many new EVs per year.  It will take even longer if the industry does not see any need to change.

LG Chem's $18.6 billion battery bonanza with GM electrifies the North American EV race. This mega-deal secures GM's supply of crucial battery materials for 5 million future EVs, solidifying LG's presence in the Tennessee EV hub. While some see a slowing EV market, this partnership signals confidence in long-term demand and highlights the growing importance of regionalized supply chains for automakers navigating global disruptions. Expect this to spark further investments in US battery production, shaping the future of electric mobility.#EVrevolution #supplychainresilience #USmanufacturing #futureofmobility

CRU, in partnership with A2MAC1 - Decode the future, launched the inaugural Material Markets for Mobility Summit in Paris. Bringing automotive OEMs, Tier 1 suppliers and metal processors together to delve into the critical issues, including: - Raw Material Challenges: Explore the materials that power EVs and how we can optimize their use. - Battery Industry Insights: Get insights on cutting-edge battery chemistry and pack design. - Cost Analysis: Understand the financial dynamics shaping the EV landscape. Network with industry leaders and innovators to discuss advancements in EV technology and design and tackle challenges from both traditional ICE vehicles and Chinese imports. Don’t miss this opportunity to be part of the EV revolution! 🌎🔌 https://bit.ly/4cNXlCg #materialmarketsformobility Exawatt

General Motors is reportedly in discussions to acquire electric vehicle batteries from Contemporary Amperex Technology Co. (CATL), a leading Chinese battery manufacturer. The proposed plan includes the establishment of a new assembly plant in the United States, aimed at bolstering GM's electric vehicle production capabilities. This move reflects the growing emphasis on domestic battery sourcing in the face of increasing competition in the EV market. Bloomberg's Gabrielle Coppola provided insights on this development during a segment with Ed Ludlow and Caroline Hyde on "Bloomberg Technology." As the automotive industry shifts towards electrification, partnerships like this one could significantly impact the landscape of EV manufacturing in the U.S. #ElectricVehicles #GeneralMotors #BatteryTechnology #Sustainability #AutomotiveIndustry ---------------------- Learn more here: https://lnkd.in/extDp9RN

CNEVPOST reports that the prices 💵 of VDA sized #LFP cells might be dropping in the direction of 0,3 RMB/Wh in China due to an on-going price war between the largest manufacturers. This would come close to 40 USD/kWh‼️on #LithiumIon cell level. Current prices are claimed to be at around 0,4-0,5 RMB/kWh for Chinese automotive OEMs. If true, this pricing is already a major step in bringing down battery and ultimately vehicle costs as it equals around 65 USD/kWh for cells. The race to achieve identical or better pricing of #EVs compared to ICE cars is on and as soon as these latest price improvements will become available globally, the entire battery ecosystem will benefit 🔋.

One of the biggest challenges in the automotive industry today is managing the transition to electric vehicles amidst economic pressures and complex supply chain dynamics. The EV supply chain is intricate and globally dispersed, facing disruptions from geopolitical tensions, trade restrictions, and natural disasters, impacting global operations significantly. Moreover, concerns about the environmental and social impacts of mining and processing materials for EVs add another layer of complexity. Manufacturers strive to mitigate reputational risks and comply with regulatory standards, further complicating supply chain management in the industry's ongoing transformation. These challenges highlight the critical need for automotive manufacturers to secure stable and reliable supply chains for EV production. Adapting to these complexities is essential for navigating the industry's shift towards sustainable and efficient electric vehicles. #DNB #AutomotiveIndustry #EV #SupplyChainManagement #Sustainability Reach out directly to find out more about the work ive been doing with my automotive customers to address the challenges above phippssmithn@dnb.com

https://lnkd.in/gbSNp_8z https://lnkd.in/gRkcGujf Hmmm, nearly $20 billion in EV investments by GM and Toyota. Seems to run a bit counter to the current narrative. Another example of facts superseding opinions and conjecture.

Suppliers: What indicators are you looking for in the EV market? In Automotive News, Partner Mark Barrott shares 3 nontraditional EV market signals suppliers should keep an eye on in an uncertain market to broaden their view. #automotive #suppliers #EV https://okt.to/XE2VUI