E-mobility shifts balance of power in car industry to suppliers
The shift to e-mobility means it is now easier than ever before to build a car, as prominent suppliers like Bosch or Schaeffler offer many of the necessary components, reports Christian Frahm for Spiegel Online. New startups “no longer need a budget worth billions for development -, they only need an innovative idea”. Suppliers now provide entire engines in their construction kits, which is a fundamental shift in the industry.
Read the article in German here.
For background, read the Dossier The Energiewende and German carmakers.