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Automakers are pouring billions into new electric vehicle factories, as well as using their deep pockets to secure critical minerals, develop new battery technologies, and build new charging infrastructure. As automakers step outside of their core manufacturing competencies, they are using joint ventures and partnerships at an unprecedented rate.
The dispute review board, an innovative technique developed by the construction industry to resolve disagreements, can also help keep joint ventures on track.
The majority of new auto partnerships revolve around electric vehicles.
Joint ventures and partnerships are driving the auto industry’s transition to electric and autonomous vehicles and materially contributing to the market valuation of most industry players.
