Global auto parts giants such as Bosch, ZF, Valeo, and Forvia announced large-scale layoffs, mainly concentrated in Europe, to reduce costs and compete with emerging Chinese electric vehicle brands.
Chinese electric vehicles are rising with the advantage of low prices, forcing traditional suppliers to adjust their strategies.
In the new energy era, new business models and self-developed technologies are challenging traditional giants, leading to adjustments in integration and spin-off models.
Suppliers need to adjust their strategies according to regional demands to cope with geopolitical and market changes.
Parts companies must clarify their future direction to adapt to the rapidly changing industry environment.
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