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E-Mobility and Related Clean Technologies from an Empirical Corporate Finance Perspective

State of Economic Research, Sourcing Risks, and Capital Market Perception

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Christian Babl

The book deals with the use of clean technologies and in particular of electronic mobility from the perspective of the empirical capital market. The author sheds light on the developments of economic research in the past 20 years, identifies research gaps and analyses them in detail if data is sufficient. Based on the example of rare earths, he presents the impact of future raw material shortages when using mobile electronic technologies and proposes possible solutions for all market players from a financial research perspective. In addition, the book presents a first assessment of the industry’s innovation development by means of the capital-market oriented evaluation of corporate cooperations in the field of electronic mobility.
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4. E-mobility and capital market perception

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“For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled.”

—Richard Feynman

From an automotive firm’s perspective, the concept of E-mobility raises several strategic management decisions. The development of electric vehicles and the necessary integration of technologies is very costly and could quickly turn out to be a very risky venture for car makers. This is even truer if new series models cannot be offered at competitive prices or design and subsequently fail in the market. Otherwise, it could be as risky for car makers to ignore the trend and to be incrementally driven out of business. This ambiguity leads to the management question of how to gain competence in the field and access new markets without going to much into risk. That applies all the more for the emerging E-mobility industry, as many fields of technological knowledge originate from other, external industries, such as the chemical industry (Kasperk and Drauz, 2013; Proff and Proff, 2013).

In the automotive industry, partnership and cooperation is an usual, well-known and frequently applied strategy. Especially the idea of accessing new, broader markets but also the issue of developing (technological) competence has led to a huge number of cooperations in the industry (Wallentowitz et al., 2010). In the context of diminishing fossil fuels and climate change, the industry and its cooperative structures is facing major changes (Hanselka and Jöckel, 2010; Lienkamp, 2012). The observation of uncertainty in the market...

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