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AUTOMOTIVE MOTORS MARKET ANALYSIS

Automotive Motor Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors), By Application (Performance Motors, Comfort Motors, and Safety Motors), By Vehicle Type (Passenger Cars, Two/Three Wheelers, and Commercial Vehicles (Light Commercial Vehicles and Heavy Commercial vehicles)), By Electric Vehicle (Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, and Battery Electric Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East& Africa)

Market News

Global Automotive Motor Market- Recent Developments

  1. In June 2022, Volkswagen, a Germany-based motor vehicle manufacturer, and Siemens, a technology company mainly focused on transport, infrastructure, and digital transformation, invested in Electrify America’s ambitious growth plan in the U.S. and Canada. Volkswagen group together with Siemens Company invested US$ 0.45 billion that will support Electrify America’s expansion plans. Siemens is the first external investor in Electrify America, LLC. The Siemens and Volkswagen Group support the ambitious growth plans of Electrify America, LLC. It is the largest public fast-charging network for electric vehicles in North America.
  2. In May 2022, ZF Group, a technology company, launched the silicon carbide (SiC) inverter design, hairpin electric motor, electric powertrain and accessories (eWorX). Based on the most recent silicon carbide technologies, ZF's proprietary scalable and modular SiC inverter architecture offers customers the greatest degree of flexibility from 400V to 800V. Power semiconductors of the newest generation are combined with highly sophisticated software algorithms in this ZF inverter architecture.
  3. In April 2022, BluE Nexus, Aisin, and Denso automotive company announced that all companies had jointly developed eAxles that will be adopted for the all-new Toyota mid-size electric SUV, bZ4X. The codeveloped e-Axles include 3 types: a 150kW specification for FWD (installed at the front of the vehicle) and two 80kW specifications for (front and rear) for 4WD vehicles. Top-class power consumption has also been achieved through optimizing the magnetic design of the motor, joining technology to shorten coil ends, use of low-viscosity oil, and loss reduction technologies such as the new RC-IGBT.
  4. In September 2022, Robert Bosch GmbH, a multinational engineering and technology company, launched a new electric drive for light commercial vehicles.

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