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When is it best to make your own components?

Most manufacturers have relied on third-party vendors to make parts that are then incorporated into the final product. From automakers sourcing stereos and aircraft makers contracting for jet engines to a small bakery ordering plastic bags or a woodshop buying nails, producers of all types have supplemented their internal capabilities through a painstakingly developed supply chain of external vendors.

Weaving the EV's Future With the Digital Thread

EV manufacturers must overcome a unique set of challenges to meet future customer expectations. Among them is the challenge to create innovative designs that meet safety requirements, performance criteria and keep costs down in the face of growing competition and a widening skills gap.