1. Electrification continues to develop
By expanding the lightweight hybrid program and the new plug-in hybrid and all-electric vehicle products, automakers are accelerating their electrification strategy to continue to move toward the aggressive 2025 Corporate Fuel Economy (CAFE) standard. It is expected to see new all-electric vehicles (EVs) entering the market by 2020, including: Tesla Model Y, a small crossover based on the Model 3 platform; Mini Electric, with many shares of the BMW i3 Technology; and the full range of electric vehicles in the Volkswagen ID series, including small hatchbacks, standard crossovers, and even electric restarts on Microbus.
2. Growth of emerging car companies
Traditional car manufacturers are not the only car manufacturers on the market today. Several companies are trying to follow Tesla's footsteps and become the next big car startup. Many startups like Tesla are focused on electric propulsion. Rivian, a startup based in Irvine, Calif., has just received $700 million in financing from Amazon earlier this year. 1 Rivian hopes to defeat Tesla by releasing the first all-electric pickup truck R1T by the end of 2020. red.
3. New and improved digital platforms
In order to meet the growing demand for complex technologies embedded in today's vehicles, automakers must invest heavily in the digital platforms on which these vehicles operate. BMW has just announced the release of the first batch of car updates that can be performed over the air (OTA) or remotely. This technology allows you to upgrade your vehicle as if it were a regular update to your computer and smartphone operating system. GM recently announced a new electrical platform that will meet the bandwidth requirements of its future product line. "The new platform will be able to manage 4.5 terabytes of data per hour, which is five times the current electrical architecture," and will also have the ability to perform OTA updates. 2
4. Expanded Level 3 Automation
Level 3 automation is often referred to as conditional automation. This high degree of autonomy allows the vehicle to monitor the environment while disengaging the driver from certain safety functions (eg, in some cases requiring braking). 3 Audi's Traffic Jam Pilot, Cadillac's Super Cruise and Mercedes' Drive Pilot provide the opportunity for the vehicle to take over all critical driving functions in specific situations. 4 Currently, the system is only available on some vehicles, but we can expect to see a wider range of applications in the near future.
5. The utilization rate of carbon fiber in automobile manufacturing continues to increase
It’s no secret that OEMs have been shifting the manufacturing of new cars to lightweight chassis for some time. Much of the attention is focused on aluminum, but many automakers are turning to carbon fiber, not only for external components such as hoods and lift doors, but also for complete internal body structures. Volvo's upcoming Polestar 1 plug-in hybrid and Polestar 2 EV rely on the main carbon fiber internal structure to reduce weight and increase rigidity. GM is using this composite to build new bed components on the Silverado / Sierra platform, and carbon fiber is even entering the full-size pickup market. 5 Industry analysts predict that the compound annual growth rate (CAGR) of automotive carbon fiber will be between 7.9% and 10.6% in the next five years. 6,7