1、Its Time to Power-Up the Electric Vehicle(EV)Supply Chain2Its time to power-up the EV supply chainIntroductionThe electric vehicle(EV)space is rapidly expanding,with production of EVs having gained considerable momentum in the past few years and poised to make huge leaps in the next few.Two types of

2、 companies are locked in a fierce battle for EV market share.In one corner are the established car manufacturersthe“giants”.Theyre trying to pivot to EVs and create an entirely new business,while continuing to support their core business of traditional internal combustion engine(ICE)vehicles.Its not

3、 an easy change to make,as these companies are finding out.In the other corner are the startups,trying to be“disruptors”to the giants by creating technology companies that moonlight as car companies.These newer entrants are discovering that while having great technology and innovation at their core

4、is essential to breaking into this market,their staying power rests in being able to executeactually manufacturing the vehicles people want to buy.Both the giants and disruptors,as well as their suppliers,are at a critical juncture in this industry.And one of the biggest keys to their success will b

5、e learning how to quickly build or adjust their supply chains to create a business that can profitably capitalize on the growing preference for EVs over ICE-powered vehicles.Supply chain challenges across process/structure,organization,and technology must be addressed.The challenges are similar and

6、different for giants and disrupters,however the companies who address these challenges quickly put themselves in position for long-term success.Thats the real battleground for EV dominance.According to BloombergNEF,EVs will account for about 30%of all vehicle sales by 2030.1Its time to power-up the