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Automotive Industry News – 19th November 2021

Performance Communications Author Image Performance Communications | November 23, 2021

This briefing document provides a fortnightly overview of the main automotive industry stories making the news and key product announcements. It also includes some of the more interesting stories and campaigns from outside the automotive sector over the past two weeks.

 Automotive news

Key industry stories from the last two weeks:


EV and Autonomous Vehicles


Product launches / unveils

Key industry product launches or unveils:

  • Subaru – Subaru’s first global all-electric vehicle SOLTERRA makes world debut
  • Peugeot – Peugeot reveals updated 3008 and 5008 models
  • DS – All-new DS 4 open for orders in the UK
  • Volkswagen – The new Volkswagen T-Roc: expressive design and innovative technology
  • ŠKODA – The ŠKODA SLAVIA: second ŠKODA model in the INDIA 2.0 project makes its debut

Automotive winners

  • Toyota – Toyota Hilux wins International Pick-up Award
  • Renault/Mercedes – Kangoo and Citan are Joint Van of the Year
  • McLaren Automotive – McLaren Automotive wins ‘Game Changer’ award at the Walpole British Luxury Awards 2021
  • Midnight Robotics – Fieldin acquires Midnight Robotics to develop autonomous tractors
  • SEAT – SEAT has reached a new milestone in the UK, the sale of one million vehicles

Non-automotive winners

Non-automotive losers

Research and insights

Electrifying the bottom line: How OEMs can boost EV profitability (McKinsey)

Electric-vehicle sales are increasing, yet many OEMs are still defining their path toward profitability. This report, which analysed 16 current EV models aims to help automotive leaders improve their EV business strategy.

It distilled six key insights:

  • While market penetration is up, profitability remains low for current EV models. Although the penetration of EVs in key markets is on the rise, profitability currently remains low or at best slightly above breakeven. Twelve out of the 16 analyzed EVs show negative profit margins.
  • In a business-as-usual scenario, profit levels will gradually improve. Going forward, increased competition and expiring subsidies are likely to put price pressure on EVs. Nevertheless, EV profitability is expected to rise, given cost reductions and economies of scale. Continuing the business-as-usual scenario, profit margins could reach 4 to 11 percent by 2030 depending on the vehicle segment.
  • Additional countereffects and risks could lower or cannibalize the entire EV profit margin. What if lithium and nickel prices soar in light of long lead times for mining capacity expansions? What if battery supply shortages increase the cell prices beyond “cost plus” levels? We see four major countereffect/risk categories that will vary by OEM and could have an estimated impact of ten to 15 percentage points: raw-material price increases, supply-chain decarbonization, supply-chain imbalances, and additional content for electrical and electric components and software.
  • Incremental cost and revenue levers have the potential to mitigate the above-mentioned risks (at least partially). Incremental measures, such as adopting industry best practices in design-to-value (DTV)/direct-to-consumer (DTC) sales, R&D efficiency, capital-expenditure optimization, sales and after-sales network optimization, can help automakers to potentially improve the profit margins by an additional six to seven percentage points in 2030 for selected vehicles.
  • More radical moves could enable healthy profit levels. To increase EV profitability further, automakers can take a bolder approach by making radical moves to their EV business models. These moves could involve a design-to-use case approach, the creation of zero variants, DTC sales, the pursuit of a full range of monetization opportunities over a vehicle’s life cycle, and EV/battery-as-a-service offerings. Our full potential analysis for radical levers shows an additional incremental profit potential of five to 12 percentage points in 2030.
  • Some improvement measures are OEM-agnostic, while others consider organizational maturity and vehicle segment. All the incremental moves are rooted in industry best practices and are available and appropriate for consideration by all OEMs. The impact of more radical moves will vary based on both the vehicle segment and nature of the OEM business (newcomer versus incumbent).

The Future of Wellness Special Report (Healthline Media)

The report dives into all the action going on at the intersection of technology, health and wellbeing, exploring perceptions and adoptions around wellness technology and innovations so integrators and business owners can identify new opportunities within the field. In general, consumers are predominantly optimistic about the benefits of wellness technologies and innovations according to the consumer responses found within the report.

  • 91% of consumers said innovations could improve people’s quality of life.
  • 91% said innovations could illuminate connections between wellness, bodies and minds.
  • 79% were inspired by the latest wellness technology research.
  • 77% felt as though health innovations fit in well with their lifestyle.
  • 68% believed that health innovation are essential for living a holistic life
  • 73% said that health technologies and innovations help people practice sustainability (this rate is significantly higher among Black, Asian and Hispanic respondents, as well as Millennials and gen Z).

Those who have had experiences with wellness technology also often rated them as “overwhelmingly positive” (94-95%). Technologies that had the most positive interactions include:

  • Smart scales (71%)
  • Smart alarm clocks (75%)
  • Fitness trackers (72%)
  • Light therapy for mental health (72%)



Photo by Roman Kraft on Unsplash

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