Electric Vehicle Charging Connector Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Report

Electric Vehicle Charging Connector Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 - 2025

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-P-10509
  • Format: Electronic (PDF)
  • Historical Data: 2018-2019
  • Number of Pages: 60

A should cost model is an all-important technique for deriving and forecasting the actual cost of a product/service over the forecasted period. It serves as a competitive edge for supplier negotiations by determining the actual price for the cost components. The outcome helps procurement leaders to understand detailed fact-based cost drivers for the category.

In the EV charging connector market procurement intelligence report, we have estimated and forecasted pricing for the key cost components. The body of the charging connector, which is majorly made up of thermoplastics, is one of the key raw materials for EV charging connector manufacturing. Other raw materials like copper, brass, and stainless steel also hold a significant cost-share in connector manufacturing. The overall raw material cost accounted for 11% of the overall manufacturing cost. The price of thermo-plastic has witnessed a slow growth over the last five years and it is expected to continue the trend during the forecast period. Hence, the impact of price disruption is mild to nil for EV charging connector manufacturing. Copper price reached its peak in 2017-2018, since then it has slowly declined and in 2020, this drop is fueled by Covid-19. Overhead costs (89%) like labor cost and energy cost, are the major cost component in EV charging connector manufacturing. On average, the cost of labor is witnessing an increase due to trends of market correction in salaries. However, the labor charges vary significantly from one region to another. Therefore, opting for sourcing options from LCC countries could result in a reduction in costs.

Every organization and its procurement team wants to negotiate the best deal while procuring a set of products or services. Rate benchmarking uses price/cost comparison of more than one set of products/services to analyze the most efficient combination that will help the procurement team to get the optimum rate.

The type and voltage of the connectors are some of the most important aspects while analyzing the rate benchmarking of an EV charging connector. In the EV charging connector market procurement intelligence report, we have analyzed the rates of CHAdeMO, CCS, and Type 2 EV charging connectors by using rate benchmarking analysis. CHAdeMO comes with 50kw and 100kw power ratings, CCS comes with 50kw, 150kw, and 350kw power ratings, Type 2 connector comes with 150kw and 250kw power ratings. Among these, the cost of procuring CCS and Type 2 connectors is 5%-10% higher than CHAdeMO connectors. As all these connectors provide a similar range/power ratio per hour of charging, most automakers preferred a CHAdeMO type connector for their electric vehicles. Moreover, 350kw CCS connectors are very rare in the market due to their high cost, and 250kw Type 2 connectors are majorly supplied by only Tesla, creating a demand-supply gap.

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Labor is one of the key cost components incurred while offering a product or service. Understanding the pricing structure of salary is important for organizations in selecting the appropriate supplier and to build a good negotiation strategy. It is also an important factor in determining whether the category under focus should be outsourced or built in-house.

Our electric vehicle charging connector market procurement intelligence report indicates that Tesla Senior Production Manager/Engineers earn 25%-30% higher salaries than Senior Production Manager/Engineers from other industry leaders like Bosch and TE Connectivity. However, the YoY increment rate in such companies largely depends on KRAs.

It is cumbersome for any organization to continuously track the latest developments in their supplier landscape. Our newsletter service helps them remain updated, to avoid any supply chain disruption which they may face, and keep a track of latest innovations from the suppliers. Outsourcing such activities help clients focus on their core offerings. Our research on the EV charging connector market have identified the following developments:

In July 2021, EVgo, a U.S.-based fast-charging public network company, acquired Recargo, an EV charging app development company for USD25 million. Recargo’s app PlugShare helps to find charger locations and it is installed by more than 70% of Americans. Hence, this acquisition will make EVgo the leader in the U.S. market.

In April 2021, GM signed agreements with seven third-party charging network providers, including Blink Charging, ChargePoint, EV Connect, EVgo, FLO, Greenlots, and SemaConnect as a preliminary measure to attract customers to the 30 EVs it plans to launch by 2025. With these partnerships, GM aims to develop an app for their own EVs. By using GM vehicle brand mobile app, EV drivers will be able to see real-time information, including location and whether a charger is being used, from nearly 60,000 charging plugs throughout the U.S. and Canada.

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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