Automotive News’ annual ranking of the world’s biggest original equipment suppliers shows a dramatically evolving reality for the industry.
Despite three years of auto production mayhem, many parts companies are growing thanks to an emphasis on new technologies. The makers of components for electric vehicles — particularly battery producers — are making rapid incursions into the industry’s top ranks.
The 2023 ranking makes it clear that even in an era when automakers and Tier 1 suppliers are tapping into small startups for innovative solutions, the giants are continuing to get bigger.