While it is undeniable that the demand for automobiles is expected to persist - even if it may take different forms - the prospects for major players, particularly in Europe, appear uncertain in the face of the significant challenges they are facing:

1.Electric Transition
The transition to the exclusive production of electric cars is set for 2035 when the last petrol or diesel cars can be registered in EU countries, as determined by the European Union Energy Council last May.

This transition is destined to profoundly transform the automotive sector, creating new winners and losers.

2.Chinese Competition
In the electric car sector in China, a new national player, BYD, has quickly emerged. This is an emblematic case, more unique than rare, of a company capable of transforming and establishing itself in a capital-intensive industry with significant entry barriers, such as the automotive sector.

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