Hey! Early sunny greeting from Vilnius! Yesterday our sales manager Laura Kaur visited the Automotive Industry Forum in Vilnius, Lithuania. It was a great event to hear about the latest trends in the (and connected) industry but also was a great platform to discuss also the challenges the industry faces today and in the future. Some thoughts to take from the event: 1) The green deal - a lot was spoken why sustainability is important and could be an advantage. On the other side, it was highlighted that it is still costly to invest in the needed new technology, which is somewhat a showstopper. Eventually, all the changes and therefor the costs will be visible in the prices that the end customer has to cover. Shortly put: how to be sustainable and align with the goals for zero emission while still keeping the product/service in an affordable range for the end customer - this will be the main challenge companies have to face in the coming years. 2) China - some years back, the automotive industry companies had a good position in the EU market and had many big development plans (a rephrased thought mentioned during the presentation by the Lithuanian Minister of Transport and Communication). Now, with the new EU regulations and China coming to the market with more affordable electric cars, compared to EU companies, there is a big shift in the industry as Chinese companies are taking a bigger market share. Therefor: how can European companies be competitive today and in the future when Chinese companies are more ahead with technological development and are less costly for the consumer? There was a thought to try adopt with it, cooperate with the Chinese but most importantly, one must try to find innovative ideas. Suffice to say, it is not an easy task. Regardless of the fact that the situation on the market is tricky due to a number of reasons, it was motivating to see how the leading companies in the industry have still big plans for the future and a vision. And, one must say, very impressive growth plans! What did Talent take from this event? Firstly, it was a great opportunity to network and meet the people in the industry. Secondly, given the topics and what the speakers mentioned, it was a brilliant insight where to look and put resources in as a supplier to automotive industry companies. From business development perspective, it was a good event to get leads, of course :) And lastly, a thought from the presentation the CEO of Hella Lithuania made: "The glass is not half empty or half full, there is no glass. Start to think outside of the box." With this thought we at Talent wish you all a nice brainstorming weekend! They say relaxing helps to boost productivity, so this must be done properly as well. Have a great weekend! #talentplastics #automotiveindustry #innovation #foodforthought #fridaymotivation https://lnkd.in/dFKMAmnq
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Congrats to the Luminar team for being recognized on Fast Company's list of the Most Innovative Automotive Companies for 2024! 🏆 Read more ⬇️ https://lnkd.in/gnb2zcxw
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In a rapidly evolving industry, where digitalization and virtual experiences have taken center stage, this article explores whether the traditional automotive launch event still holds its relevance. https://lnkd.in/djRXgTxZ
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This sector is always moving at a fast pace!!
Reflections from a busy week in automotive last week Laura Coase Ian Plummer Dale Wyatt Steve Young Ben Cooper Robert Forrester James Hind ICDP Dr. Daniel Kirchert 戴雷 Jehan de Thé Borbala Nagy Mercedes pay GmbH Nico Kersten https://lnkd.in/dDNRAuqG
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In a recent interview, Bill Russo, Founder and CEO of Automobility Limited, discussed China’s automotive industry’s transformation, emphasizing the shift towards electric vehicles (EVs) and the integration of digital technologies. He highlighted how Chinese automakers are leveraging the country’s digital economy to innovate and adapt rapidly, enabling them to develop new car models in approximately one year, compared to the traditional four-year cycle of Western manufacturers. This accelerated pace is attributed to streamlined decision-making processes and a focus on consumer-centric design. He pointed out that Western protectionist measures, like tariffs, may inadvertently accelerate China’s dominance in these regions. Additionally, he discussed the importance of collaboration between Western and Chinese companies, suggesting that partnerships could be beneficial for technology transfer and meeting global consumer demands. He emphasized that the future of mobility will be increasingly automated and service-oriented, with China leading this transformation due to its vast digital ecosystem and consumer base. The interview underscores the need for global automakers to innovate and adapt to the rapidly changing automotive landscape, where China is playing a pivotal role.
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Take a look at this insightful piece on InsideEVs highlighting the rising influence of the Chinese Automakers on the global stage. The article discusses how Chinese automakers are expanding their presence and influence through strategic investments and partnerships, and the potential impact on local markets. While we're seeing little evidence of this today in the US, in the rest of the world it is very much a reality. Featuring my colleague David Steinert and the AlixPartners Global Automotive Outlook. Read more here: https://lnkd.in/dycCTqJ9 #China #electricvehicles #EV #automotive
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This past week, I was able to visit the Volkswagen Transparent Factory in Dresden Germany as part of a study abroad in order to study the impact of data on business decisions. Data is an excellent asset for any company, and Volkswagen demonstrated this perfectly, utilizing data of many forms on many scales. Starting small, some of the car parts used “WiFi screws”, which sensed when they were in place and screwed themselved in automatically. This helps ensure that vital pieces are in place during the construction of the car. Zooming out a little bit, the whole assembly line used moving floors that were timed to encourage efficiency of the production line. This also helped the workers, as they were able to stay in place while the cars came to them. Zooming out once more to Volkswagen as a whole, and their shifting organizational goals, which is reflected in how the Transparent Factory is used. Originally opening in 2002, the factory produced the Volkswagen Phaeton, a luxury sedan. Unfortunately, this car was not the success that Volkswagen had hoped it would be, and in 2016, the last Phaeton was produced, and soon production began working on electric cars. Volkswagen had realized that their flagging sales were due to a misaligned public perception. They had the image of reliability, not luxury, so customers in the market for a luxury car would often look elsewhere. This realization, along with our world becoming more and more filled with technology and more focused on climate change, led them to lean into their public perception as reliable cars. Electric cars have fewer moving parts, thus less to maintain, leading to better reliability. Plus they are more future proof as many government, including Germany’s try to encourage more electric car use (https://lnkd.in/e_Qm6e8R). This could set up Volkswagen to be a key player in the automotive industry, and pressures other companies to keep up. Overall, the visit was an excellent demonstration on utilization data at all levels, from the smallest car parts to the high level organizational planning. #mtsueurope2024
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