Embarking on a new automotive product can be thrilling but fraught with risks. The key is to identify and mitigate these risks early. Here's a straightforward approach:

• Conduct thorough market research: Understand current trends, customer needs, and potential competitors to make informed decisions.

• Implement rigorous testing protocols: Regularly test prototypes to identify and fix issues before mass production.

• Develop a risk management plan: Outline potential risks and establish clear strategies to address them, including contingency plans.

How do you tackle early-stage risks in your projects? Share your strategies.