The new love triangle: Automakers, suppliers ... and tech companies

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Its about expanding the innovation that we all can bring to meet some of the safe, sustainable and productive needs of mobility in the future." Ludes said the new partnerships with tech companies will not make the traditional automaker-supplier relationship obsolete. "ZF, for example, is obviously producing components for big OEMs and will continue to do so in the future," he said. By partnering with tech companies, suppliers and automakers also see the potential to create new business as the industry electrifies. Margins on EVs are likely to be lower than on many gasoline-powered vehicles, putting pressure on companies to find new ways to generate revenue.

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