HOW TO PRODUCE A CAR? HERE'S THE FASTEST WAY!
Producing a car from scratch is a complex, time-consuming, and cost-intensive undertaking. To successfully enter the market, you need to consider the components, production site, engineering and manufacturing teams as well as the most efficient way to carry out the project. However, there are a few ways to make the path to a production-ready vehicle a little easier.
Team Up With Experienced Manufacturers
By providing their technical know-how and manufacturing facilities, contract manufacturers make the visions of new entrants a reality. Engineering service providers supply their R&D capacities. Additionally, they help new players gain access to suppliers and, in some cases, even investors.
However, only a few of them offer engineering and manufacturing from a single source as a true one-stop shop.
Aside from the biggest single cost factor in automobile production – the production plant itself – the cost of system development (e.g., engine, steering, brakes, and electric/electronic systems) is a substantial burden.
Setting up a core development and project steering team as well as establishing a suitable sales and after-sales network are further cost drivers. Keep this in mind when you're thinking about how to produce a car. As a result, teaming up with an engineering service provider helps lower the cost of product development.
Don't Prioritize an Early Launch Over a Well-Planned Launch
Naturally, most new entrants want their vehicle on the road as soon as possible. However, shortening the time-to-market may help to quickly generate revenues from early sales, but it may reduce the time available for certain project processes, such as setting up a strong after-sales network. Thus, it is important to plan accordingly and not sacrifice thoroughness in the name of speed. Keep this in mind when thinking about how to produce a car.
The Benefits of Sharing Capacatives
Bringing a new EV to market from scratch – including designing a completely new vehicle and building a new production plant – requires several years and a substantial investment. Even more, a large part of the overall investment is made during the first year and a half, while cash flow from vehicle sales only starts after production has begun.
Sharing production capacities and teaming up with an experienced partner for facilities, teams, and know-how helps to lower the financial hurdles during the advanced phases in preparation for launch and speed up the process by several months.
You're Thinking About How to Produce a Car? Consider a Shared Plattform!
As the underlying structure of the vehicle, the platform usually includes the rolling chassis, engine, battery, as well as the high-voltage architecture and large parts of the low-voltage architecture. While licensing an existing platform comes with certain restrictions in terms of technical flexibility, it decreases time-to-market and development costs.
In addition, a shared platform also comes with an established supplier network. This is a major benefit for future vehicles as well. As a platform license usually covers the invisible parts of a vehicle, there is still a lot of leeway to customize the brand-specific parts, such as outer panels, HMI, and interior trim.
Include Multiple Vehicles in Your Planning to Produce a Car
Developing multiple vehicles on the same platform is usually considerably less time- and cost-intensive, as many elements of the previous vehicle development can be reused. Because a car platform is generally used for several years before it is replaced, it can serve as basis for further derivatives of the initially developed vehicle.
Thus, it makes sense to consider developing multiple vehicle variants early on in the project phase and to use the available resources as efficiently as possible.