The auto business is tough, and chock-full of supply chain challenges, talent shortages, and complex technological problems. Not all of the small players will be able to make it on their own, and there’s power in numbers — and now, it’s especially imperative to team up as investment capital fades.
Last year saw 128 M&A deals totaling $26 billion in the mobility space, which includes sectors like EVs, autonomous tech, and more. That was a huge jump from 88 deals, worth $8 billion, in the previous year, according to consultancy GlobalData. And many were made with the hope of bolstering company expertise and bottom lines.
Here’s what experts say are the best bets for areas to make acquisitions in.
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