Why this matters to buyers
This could lead to increased standardization and potential cost reductions in automotive components, affecting pricing and availability for buyers in the automotive supply chain.
Recommended buyer actions
- Monitor developments in automotive component standardization
- Assess potential impact on pricing from pooled procurement
- Evaluate supplier relationships in light of industry consolidation
Original source context
The companies are looking to pool procurement of the components to bring down costs and sharpen their edge against Chinese rivals and Tesla.
Read the original report · Just Auto