Driveline Systems For Electric Vehicle Market Share

Market Share of Driveline Systems For Electric Vehicle Industry

Some of the major players in the driveline systems for electric vehicles include Robert Bosch, GKN, BorgWarner, Denso Corporation, Toyota Motor Corporation, etc., consistently working to improve their driveline systems to sustain in the increasing demand for lightweight and high-efficiency driveline systems for electric vehicles among automakers.

Automakers are planning to increase their R&D expenditure of electric vehicles, due to a consistent demand pattern for conventional IC engine vehicles. Therefore, the electric vehicle manufacturers are focusing on raising awareness among customers about electric vehicles, through their continuous marketing strategies, aiming to meet the standards set by the governments and other associations.

During April 2018, American Axle & Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. Ltd, a subsidiary of Guangxi Automobile Group Co.Ltd, entered ajoint ventureto manufacture driveline systems.

Electric Vehicle Driveline Market Leaders

1. GKN Driveline (Melrose Industries PLC)

2. Schaeffler Technologies AG & Co. KG

3. BorgWarner Inc.

4. ZF Friedrichshafen AG

5. Continental AG

*Disclaimer: Major Players sorted in no particular order