The automobile industry has undergone a massive transformation over the past few years. The key drivers of this new era are Electric Vehicles (EVs) and CASE (connected, automated, shared, electrified) technologies.
However, multiple headwinds have exerted additional pressure on the margins of this industry over the past two years. With the shortage of microprocessors and raw materials, geopolitical conflicts, and increasing interest rates by central banks softening discretionary demand, the going has been tough.
