What does the transition to electric cars actually mean for the automotive industry? ( Part II)
By 2030, electric vehicles (EVs) are projected to account for over 60% of global vehicle sales, necessitating a significant increase in the installation of charging stations within buildings and basically everywhere, as reported by the International Energy Agency. The trend is already here, as can be seen in Figure 1 below: Figure 1: Electric car […]
Huawei and Xiaomi are looking to build EV cars
Source: Luxeed S7, the first intelligent pure electric vehicle, at Huawei’s flagship store in Shanghai, China (Photo by Costfoto/NurPhoto via Getty Images) The only key two takeaways from this headline are: 1. EVs are much simpler to make: they have 5-10x moving parts and entertainment plays a key role. Huawei and Xiaomi, two of the […]