Battery Electric Vehicle Value Chain: A Holistic Approach to Value Creation and Capture Exploring Dynamics, Challenges, and Proposals for Value Cre- ation and Capture in the Battery Electric Vehicle Value Chain
Typ
Examensarbete för masterexamen
Master's Thesis
Master's Thesis
Program
Management and economics of innovation (MPMEI), MSc
Publicerad
2023
Författare
Ekström, August
Hansson, Filip
Modellbyggare
Tidskriftstitel
ISSN
Volymtitel
Utgivare
Sammanfattning
This Master’s thesis delves into the complexities of the battery electric vehicle (BEV)
value chain, examining the challenges and opportunities for value creation and cap-
ture. The research establishes a strong foundation by critically analyzing the existing
challenges in the BEV value chain in Chapter 4, providing valuable insights for fu-
ture studies. Additionally, the thesis introduces a novel holistic model, outlined in
Chapter 3.4, to analyze value chains in terms of value creation and value capture.
By combining an examination of the BEV value chain with the developed holistic
model, this research advances our understanding of the dynamics within the value
chain.
Moreover, the study uncovers the intricate power dynamics within the BEV value
chain, revealing that value creation does not automatically guarantee value capture.
While the findings highlight the significant role of battery suppliers in capturing
value from advancements in BEV battery technology and large-scale production fa-
cilities, it is crucial to recognize that multiple stakeholders can potentially capture
value from a given proposal. Furthermore, automakers emerge as stakeholders driven
by the desire to control battery ownership, aiming to leverage data management and
synergistic effects. However, it is important to acknowledge that value capture is
influenced by various factors, including stakeholder strategies, market conditions,
and competitive dynamics. The thesis also emphasizes the critical role of stake-
holders in the end-of-life stage, positioning them favorably to capture value through
sustainable battery recycling and repurposing solutions. By shedding light on these
nuances of value creation and capture, this research provides valuable insights into
the complexity of value dynamics within the BEV value chain.
As this study is concluded, it becomes evident that the BEV value chain oper-
ates within a complex and interconnected value chain. In addition, it is recognized
that the pursuit of value creation and value capture cannot be confined to silo-based
thinking.
Beskrivning
Ämne/nyckelord
Battery Electric Vehicle (BEV) , Electric Vehicle (EV) , Value Creation , Value Capture , Stakeholders , Collaboration , Holistic Model , Value Chain Analysis