Industry Trend Analysis - Autos Investment Round-Up: Boom Time For Future Tech In Western Europe - OCT 2017
BMI View: Western European investment into future technologies for electric, autonomous and connected cars was dramatically ramped up in Q217 with both established automakers and start-up companies seeing Germany as an important production hub for this tech.
In BMI's Q217 round-up of Western European investments, we have identified 27 new autos-related production investments that were either announced or inaugurated in the region during Q217. Values for 12 of these projects were also made public, adding up to a total of USD4.65bn, which represents a 50.3% y-o-y increase compared to Q216.
We have identified three themes that characterise this quarter's investments: big commitments to rolling out the electric vehicles of the future, the beginnings of industrial-scale production of connected and autonomous driving tech and Groupe PSA's renewed commitments to its own plants and those of its newly acquired subsidiary Opel/Vauxhall.