Analysis of the key themes driving M&A activity reveals that electric vehicles accounted for 17 automotive deals announced in Q1 2023, worth a total value of $2.2bn. The $2bn acquisition of WM Motor Global Investment by Apollo Future Mobility Group was the industry’s largest disclosed deal. A comprehensive market sizing analysis up to 2030, segmentation by propulsion type and end-user type, and a comparative analysis of the market share of electric vehicles against internal combustion vehicles in different countries is included in GlobalData’s Electric Vehicles Market Analysis by Region, Propulsion Type and Forecast to 2030 report. Buy the report here.
In value terms, electric vehicles-related deal activity increased by 425% in Q1 2023 compared with the previous quarter’s total of $419.2m and fell by 16% as compared to Q1 2022. Related deal volume decreased by 23% in Q1 2023 versus the previous quarter and was 19% lower than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were ACP Capital Markets; Benchmark Investments; Rothschild & Co with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were J Sagar Associates; Jones Day; Norton Rose Fulbright with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Electric Vehicles Market Analysis by Region, Propulsion Type and Forecast to 2030 buy the report here.