IAA Mobility reflects the magnitude of the transformation occurring in the automotive supplier industry towards electric mobility. German suppliers find themselves in the midst of this transition, struggling through a challenging transformation landscape. Even though Bosch, ZF Friedrichshafen and Continental still top the list of the largest automotive suppliers globally, their profit margins have not been favorable despite rising revenues. According to strategy consultants at Berylls, the average margin in 2022 was a mere 3.5 percent.