Objective and Scope:
The client, a leading consulting firm, wanted to understand the dynamics of the electric vehicle (EV) component supply chain for OEMs. It sought Benori’s support to understand:
- Market landscape covering critical insights for the supply chain, covering tier 1 and tier 2 suppliers of the key automobile components
- Value chain understanding of electric vehicle components and their current and future suppliers with a significant presence in ASEAN countries.
- Future procurement, localization plans, partnerships, collaborations, government policies, and incentives
Approach:
We conducted primary research by interviewing experts to collect information on the supply chain dynamics of the selected EV OEMs in the target geography, as well as multiple stakeholders, including company executives in the EV domain. We conducted secondary research by reviewing automobile and EV databases, industry publications, white papers, and press releases to collect data.
Impact:
The research helped the client to:
- Understand the market potential of EV components, key government incentives, and policies expected to impact localization plans for EVs in selected ASEAN countries
- Understand the value chain of EV components, manufacturing, and assembling activities.
- Take actions on the insights and learnings to help in decision-making for market entry
