This transformation plan aims to help the Spanish automotive industry in the transition towards the imminent new mobility paradigm, maintaining its position as an international benchmark industry with a high volume of exports whose demand is based on the quality of the components and vehicles manufactured in Spain.
The data from Spanish automotive suppliers for the year 2021 reveals how uncertainty and the complex situation in which the industry finds itself continue to have a strong impact on companies. Nevertheless, their strong export-oriented nature is driving a greater recovery for Spanish companies.
Innovation has always been a significant element in the automotive sector, from various perspectives, including safety, performance, design, and more. However, the challenges of automotive innovation have evolved over the years. Nowadays, the automotive component supplier industry has identified the major challenges that the sector is facing.