The automotive industry is undergoing an unprecedented transformation. As new megatrends, like autonomous vehicles (AV) and electric vehicles (EV) take off, OEMs are forced to move faster than ever to keep up with increasing competition from the technology companies that have disrupted the market in recent years. Customers are also increasingly concerned about their environmental impact, prompting manufacturers to invest heavily in alternative powertrains to diversify their fleet. The growing awareness of climate change has pushed governments to tighten
regulations meaning manufacturers must improve traceability to demonstrate compliance.