WEBVTT

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It's a multi-year journey for
any automaker to navigate this

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EV transition and allow EVs to
get at scale and to have the

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winning business model in place.

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It's neither an easy or an
obvious journey to navigate

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whether you're a legacy
automaker or a newer entrant.

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And that's because there's
recent headwinds

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like slowing demand or product
and production challenges

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that are very real and evident today.

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We remain confident that EV and
EV components will have

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attractive margin pools in the
future.

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However, those margins just
aren't there today.

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To continue to accelerate the
the electric vehicle transition,

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we must also accelerate the path
to margin improvement.

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And there's a whole series of
levers that are available,

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whether it be product design or
dynamic pricing, new retail

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models, manufacturing
improvements, there's quite a

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long list that's available to us
and all will need to be

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activated.

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The key fundamentals underneath
that will be around rigorous

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prioritization and execution.

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It'll be about pulling all
organizational levers to get to

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scale at speed.

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It'll be about adapting and
learning throughout the process.

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You put all those pieces
together and that's what gets us

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excited about where the
automotive industry is headed

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and how this transition will
play out.