Software and China to Lead Auto Sector by 2035

A KPMG survey reveals that software and digital technology will surpass traditional engineering as the main competitive edge in the auto industry by 2035. Executives also expect Chinese automakers to claim a dominant global market share amid rapid technological shifts.

FILE PHOTO: Ralf Brandstaetter, head of Volkswagen China business, and He Xiaopeng, founder and chief executive officer of XPeng, attend a Volkswagen media event in Beijing, China April 24, 2024. REUTERS/Josh Arslan/File Photo

Software and digital technology will overtake traditional vehicle engineering as the primary battleground for automakers by 2035, according to a KPMG survey published Wednesday. The shift highlights a changing landscape where global industry leadership is projected to move toward China.

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