Udomkiat Bunworasate’s Post

What are the main trends and major challenges for automotive OEMs in 2024? Last year, high price and volume pressure in all major markets was just one challenge faced by automotive OEMs. According to our platform-partner Roland Berger, this difficult market environment is expected to continue in 2024 and the market entry of new Chinese OEMs in particular will lead to even higher pressure on established OEMs. A possible CEO action plan should focus on a thorough review of the 2030 portfolio strategy and a strong focus on cost reduction initiatives for BEVs, especially in the volume segment. Want to learn more about these dynamics in the automotive industry? Make sure to check out this article about the Software Defined Vehicle (SDV) on the Automotive Disruption Radar platform: https://lnkd.in/gAexVaD7   #automotivedisruptionradar #transformation #softwaredefinedvehicle

Excited to share that I'll attend the Reuters Events: Automotive 2024, the European Gathering for Senior OEM Leaders. The European automotive landscape is undergoing a profound transformation. With evolving government policies and shifting consumer preferences, the industry is witnessing unprecedented innovation and change at a pace never seen before. These shifts present both challenges and opportunities for the industry: - Developing Self-Driving Vehicles (SDVs) infused with AI to stay competitive. - The weakening of consumer brand loyalty poses a threat to OEMs. - Meeting the rising demand for Electric Vehicles (EVs) while aligning with government regulations. OEMs need to deliver cars that are not only convenient and safe for today's consumers but also appeal to the growing interest in EVs. Success in this era requires a delicate balance between meeting consumer expectations and complying with regulatory standards. If you're attending, let's connect and discuss the exciting developments shaping the automotive industry! See you there! 🚗✨ #AutomotiveInnovation #ReutersEvents #OEMLeaders #EVRevolution

Stay ahead of the automotive curve with Cox Automotive's NEW Insight Quarterly (IQ). A coming together of our popular annual Insight Report and quarterly AutoFocus, IQ is packed with industry insights, forecasts and expert opinions to give you a clear vision of the road ahead. The launch edition includes: - Updated 2024 forecasts for the new and used markets - Why dealers remain crucial to the automotive ecosystem - Fleet operator questions for OEMs - A revolution in EV manufacturing - Why the customer is still king Read the report 👉 https://cox.auto/ugQyD #CoxAutomotive #Automotive #Insight

Navigate the future of the auto industry with Cox Automotive Europe's inaugural edition of Insight Quarterly (IQ). This essential read offers a wealth of expert analysis, projections, and perspectives to steer you through the evolving automotive landscape. Read the launch edition 👉 https://cox.auto/ugQyI

#NationalTechnologyDay Special: Preparing for the SDV Era The automobile is transforming itself into a gadget of sorts, thanks to the softwarisation trend. In this exclusive National Technology Day Special webinar, senior industry experts discuss and share valuable insights on SDV engineering, rollout timeline of highly softwarised vehicles, challenges, how India is poised to be a major global SDV hub, and more. Watch at: https://lnkd.in/gvxXQ9tb Rajendra Petkar Samraj Jabez Dhinagar Jacob Peter Dr. Manaswini Rath Latha Chembrakalam Shubhangi Bhatia Sumantra Bibhuti Barooah #Technologyupdates #Autotechnology #ETAuto

The automotive industry is transforming, shifting gears from traditional models to a future fueled by innovation. Driven by the production and sales of new-age automobiles, the OEM industry is set to take-off with the embrace of electrification, automation, and connectivity. 🚘📈 As the graph depicts, the market is on track for a significant expansion, reaching new heights by 2032. And OEMs ready for this market surge will see leaps in their success. Buckle up & stay tuned as we navigate the exciting turns ahead! #NDRAuto #automotive #OEMindustry #marketgraph

A coming together of our popular annual Insight Report and quarterly AutoFocus, Cox Automotive's Insight Quarterly dives deep into the latest trends shaping automotive. The launch edition includes: - Updated 2024 forecasts for the new and used markets - Why dealers remain crucial to the automotive ecosystem - Fleet operator questions for OEMs - A revolution in EV manufacturing - Why the customer is still king Read the report 👉 https://cox.auto/ugQyD

The automotive industry is undergoing its most rapid transformation in a century, driven by electrification and #softwaredefinedvehicles. At the recent Consumer Electronics Show (CES), we witnessed the rapid strides automakers are making to deliver on the billions invested in the industry over recent years from AI-integrated vehicles to advanced digital dashboards, and more. Following CES, Mike Thoeny, President, Automotive Business Group, Flex, reflected on three key trends driving the future of mobility, including deeper cross- and inter-industry collaboration and expanding automotive semiconductor capacity. Read more here: #AutomotiveInnovation #CES #NextGenMobility

The automotive industry is undergoing its most rapid transformation in a century, driven by electrification and #softwaredefinedvehicles. At the recent Consumer Electronics Show (CES), we witnessed the rapid strides automakers are making to deliver on the billions invested in the industry over recent years from AI-integrated vehicles to advanced digital dashboards, and more. Following CES, Mike Thoeny, President, Automotive Business Group, Flex, reflected on three key trends driving the future of mobility, including deeper cross- and inter-industry collaboration and expanding automotive semiconductor capacity. Read more here: #AutomotiveInnovation #CES #NextGenMobility

What Lies Ahead for the Automotive Industry in 2024?