Growing demand for electric vehicles driving change in automotive sector

ID 113266004 © Erchog | Dreamstime.com

Automotive supply chains are set to be transformed, particularly in Asia, with Singapore poised to emerge as a new automotive hub.

According to a new report from Transport Intelligence, Asia Pacific Logistics & Supply Chain State of the Market 2019, the key dynamics in the sector are changes taking place in China’s trade policy and the component sourcing options for electric vehicle manufacturers.

The report says one of the big changes could take place if Chinese president Xi Jinping sticks to his ...