Asian OEMs Software-defined Vehicle Strategy Benchmark Report 2024 Featuring BYD, Honda, Hyundai, NIO, and Toyota [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
The automotive industry is transitioning from a hardware to software approach to building vehicles. Vehicles are increasingly complex, with more lines of software code than in previous years. The concept of software-defined vehicles (SDVs) has gained industry traction, impacting product and feature development philosophies. SDVs are changing the way vehicles are designed and developed. The changes in the architecture are evident, with OEMs preferring newer architecture over traditional platform architecture. This analysis investigates the strategies of Asian OEMs, such as BYD, Honda, Hyundai, NIO, and Toyota, in the SDV space and benchmarks them against each other. It also covers the ecosystem surrounding the OEMs and suppliers in the SDV space. The key issues addressed in this report include the following: Strategies for Standardizing Hardware : Analyzing the approaches that OEMs (Original Equipment Manufacturers) are using to create uniformity in hardware components to stream
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