M&A Year in Review 2023 brochure - Flipbook - Page 10
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Automotive
and Mobility
Sector performance
In 2023, automotive M&A volume and value decreased
year-over-year as rising interest rates, inflation,
and geopolitical tensions weighed on dealmaking in
the sector.
While electric vehicle sales continued to grow globally,
consumer demand in certain markets fell short of
expectations, and United Auto Workers strikes
introduced increased labor costs, leading some players
to re-allocate capital and adjust product offerings.
However, driven by government incentives and the
need to innovate in sustainable technologies,
OEMs continued to invest in EV supply chains
and infrastructure.
Hogan Lovells activities
In 2023, our Automotive and Mobility team helped
clients navigate the sector’s rapid technological
evolution through strategic M&A, joint ventures, and
commercial investments.
We took the driver’s seat at several conferences in the
United States and Europe, including Autonomy Paris,
IAA Mobility, MOVE London, and MOVE America. Our
thought leadership drove the conversation on trending
topics, such as energy transition, AI, and European
patent law. We also released the seventh edition of our
global guidebook Getting the Deal Through –
Automotive and Mobility.
