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Powertrain-neutral components
What it is
Suspension, braking, wheels and chassis parts are required regardless of what propels the vehicle, unlike engine and transmission components. They are the auto-component segment least exposed to electrification
EVs are heavier, which raises loads on exactly these systems
Impact on industries
- Structurally insulated from the EV transition - the single most valuable characteristic an auto component business can have right now
- EV weight increases braking and suspension duty, so content value per vehicle rises rather than merely persisting
- Brake pads and friction parts wear out, so aftermarket replacement demand follows the parc and is genuinely recurring
- Regenerative braking reduces friction pad wear in EVs, which lengthens replacement intervals and erodes the aftermarket annuity
- Unbranded aftermarket competition and steel and aluminium pass-through lags both compress margin at the commodity end