Capital expenditures are used to increase operational efficiency, prepare for future projects, and increase revenue long term. 

A reduction in CapEx due to the pandemic highlights the need to reassess capital outlay for long-term investments and ensure an optimal operating efficiency for current operations.

Key industry considerations in 2021

Global BEV-related capital expenditure spend is predicted to increase to about $120 billion 2020-2025. ~25-30% of OEM CapEx spend.

Automotive and Truck Manufacturers

Capital expenditure year over year for 2020, -14.84% for automotive and truck manufacturers.

Revenue, year over year for 2020, -14.62% for automotive and truck manufacturers. 

Automotive and Truck Parts

Capital expenditure year over year for 2020, -25.9% for automotive and truck parts companies.

Revenue, year over year for 2020, -13.11% for automotive and truck parts companies.