Toda la actualidad del sector
Automotion plays a strategic role in many countries’ economy. In Spain, concretely, it represents a 10% of GDP and has a highly interconnected effect: from parts´ manufacturing, design and vehicle assembly to marketing and repairs. All this creates important synergies with other sectors. 1000+ automotive component companies in the country employ 365.000+ people with quality jobs, also contributing notably to social welfare and economic development in several regions. That is why doing their part is relevant for the environmental protection to achieve a more sustainable world.
Climate change is global issue that demands support from all sectors to find a solution. The Spanish automotive industry is strongly heading to decarbonization by bringing technological solutions so transportation can be every time more efficient and sustainable
Since 1995 CO2 emissions have dropped a 36% and nitrogen oxide ones a 90%. Today, because of that, we can enjoy a cleaner, lighter and efficient vehicle. However, the transportation sector today still represents a 24% of emissions of green house gases in the EU. Much is yet to be done in the way of achieving a more sustainable and efficient mobility.
With innovation and collaborative work. Spanish automotive suppliers invest 4% or their billing in I+D, three times the industry´s average. In this sense, advances in efficiency, aerodynamics, vehicle weight and automated/connected driving are showing great results.
Anyway, there is no doubt that the best display of the sector´s commitment with the community has been reflected with the response from thousands of Spanish automotive companies during the Covid19 health crisis. This situation highlighted their strengths as an industry carrying a “responsible business” spirit in their DNA. You can read here some actions performed by companies, belonging to the Autoparts from Spain platform, to face Covid19.
Innovation and excellence, new mobility, autonomous driving, connectivity and electrification are the goals in sight for the automotive suppliers industry when producing and developing car components. This has created a more efficient, more innovative, product-quality centered, community-integrating and quality-jobs providing industry:
In 2019, the UK was the fourth main commercial partner for the Spanish automotive suppliers, the export figures reached €1494 million. 2020’s total, until October, reached figures of €974 million, 23.8% less than the previous year due to the pandemic impact. EU, considered as a block, is now the second destination for the sector’s global exports as Brexit has been established on 31 January of 2020.
The times we are living in are plenty of uncertainty and change in the individual day-by-day aspect of life and, undoubtedly, in the economic and business sense as well. All of it comes as a result of COVID-19’s impact in our lives.
This atypical and complicated year 2020 is about a month to end. Through it, the automotive business has been forced to handle meaningful transformations and this sector asks itself: what is in store for the last quarter of the year?