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| Name | How EVs Are Shaking The Car Parts Supplier Industry |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 31-07-2023 12:00:30 |
| Video Discription | Companies that make parts for internal combustion engines are facing a harsh future. Revenues for ICE cars, and fuel and exhaust systems are all expected to decline 44% through 2027. Meanwhile, for electric drivetrains and batteries or fuel cells, revenues are expected to rise 245%, according to a 2023 Deloitte Automotive Supplier Study. While the parts themselves are changing, the pie is also shrinking. An internal combustion powertrain has about 2,000 parts. EV powertrains have about 20, sometimes less. Automakers are also finding ways to more efficiently manufacture parts through methods like giga casting, pioneered by Tesla. There are thousands of parts in cars that come from companies all over the world, a whole branching supply chain of firms each dependent on the success of the others. Many of those companies are small, family owned firms, but even the large, publicly traded suppliers such as Bosch, Denso, Magna and ZF could be in trouble. The question is, will EVs kill the thousands of auto suppliers or can they find ways to pivot, consolidate or somehow stay in business? Chapters: 00:00 — Introduction 01:52 — The shift to EVs 05:55 — Lower demand 10:19 — Volatile times 11:42 — Industry pivots Produced by: Robert Ferris Editor: Darren Geeter Senior Managing Producer: Tala Hadavi Graphics: Jason Reginato, Andrea Schmitz Camera and Production Support: Andrew Evers » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How EVs Are Shaking The Car Parts Supplier Industry |
| Category | News & Politics |
| Tags | CNBC | CNBC original | business | business news | finance | financial news | stocks | news | economy | auto suppliers | Tesla | Denso | Magna | Bosch | Storch Magnetics | ZF | electric vehicle supply chain | internal combustion | EVs | electric vehicles | transportation | vehicles | Deloitte Automotive Supplier Study | automakers | car parts | suppliers | consumers |
