While the COVID-19 pandemic was in the driver’s seat during 2020, disruptive technology and innovation continued to be powerful forces of change in the automotive sector. The pandemic led to supply chain disruptions and a period of decreased demand for vehicles, but the sector benefited from access to capital markets and sources of financing to fund investments in new technology.
Although automotive deal volume and value declined across the full year, deal volume and value in the sector increased in Q4 2020 when compared with the preceding quarter, indicating a potential acceleration in dealmaking for 2021.
Hogan Lovells activities
Throughout 2020, our Automotive industry sector participated in various industry initiatives and events, both physical and virtual, around the world. We launched a new webinar series focused on the latest developments and associated impacts of COVID-19 on the automotive industry, including supply chain and restructuring risks and opportunities.
Our team published the fourth edition of the global guidebook Getting the Deal Through – Automotive and produced several commentaries on the future of mobility, including our Automotive and Mobility Thought Leadership Paper and our Living Mobility Spotlight Q&A series.