Analysis of the key themes driving M&A activity reveals that electric vehicles accounted for 12 automotive deals announced in Q2 2023, worth a total value of $8.7m. The $6.7m minority acquisition of GloquadTech by Tovis 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 decreased by 100% in Q2 2023 compared with the previous quarter’s total of $2.2bn and fell by 99% as compared to Q2 2022. Related deal volume decreased by 29% in Q2 2023 versus the previous quarter and was 48% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were ACP Capital Markets; Benchmark Investments; Clairfield International with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Fenwick & West; Freshfields Bruckhaus Deringer; Hughes Hubbard & Reed 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.
