The Need for Cost-Effective Automotive Development
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- Reads 4
- Votes 0
- Parts 1
- Time <5 mins
Ongoing, First published Jul 18, 2024
EV startups and traditional OEMs in North America face rising costs in developing and commercializing electric vehicles. These costs include R&D for Electric powertrains, Battery systems, Vehicle platforms, and Unique features. Other cost pressures include Raw Materials, Talent Shortages, Engineering, Manufacturing, and Operational Costs. To manage these costs, many companies are using nearshoring to Mexico.All Rights Reserved
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