Fabian Brandt On The Price War In The EV Market

Fabian Brandt, Global Head of Automotive and Industrial Goods at Oliver Wyman, in an interview for CNBC Squawk Box Asia at the 2024 Beijing Auto Show, noted that Chinese electric vehicle (EV) makers have an enormous effect in the early phase of adoption and he expects to see more progress in battery technology and software functionality.

Brandt also discussed the brutal price war in the EV market, predicting that high costs are likely to drive consolidation among Chinese EV players, with some potentially struggling to sustain their operations. This could present an opportunity for Western automakers with greater financial strength to gain an edge in this highly competitive market.

Watch the full video here.