Electric Vehicle Power Inverter Market, By Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles), By Application (Passenger Cars and Commercial Vehicles), By Distribution Channel (Original Equipment Manufacturer, and Aftermarket), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024

Code : CMI5265

Pages :179

Formats :

Excel and PDF

Industry : Automotive and Transportation

Key Developments

In October 2022, ENECHANGE Ltd., a leading energy technology company focused on promoting a net-zero society through digital solutions, announced its plan to install 30,000 electric vehicle (EV) chargers across Japan by 2027. The initiative aims to enhance EV charging services in all 47 prefectures of Japan, facilitating the country's transition to cleaner transportation.
In March 2022, Toyota Kirloskar Motor (TKM), a joint venture between Toyota Motor Corporation and Kirloskar Group, unveiled a project to introduce India's first hydrogen-powered fuel cell electric vehicle (FCEV), the Toyota Mirai, to one of the world's biggest emerging car markets. This initiative aims to accelerate India's transition to clean transportation. TKM will collaborate with the government's testing agency, the International Centre for Automotive Technology (ICAT), to study the feasibility of the Toyota Mirai FCEV for Indian roads and climatic conditions. The Toyota Mirai will be manufactured at TKM's plant in Bidadi, Karnataka.
In March 2022, Sony Group Corporation, a global leader in technology and entertainment, and Honda Motor Co., Ltd., a prominent Japanese automobile manufacturer, announced their strategic collaboration by signing a memorandum of understanding (MoU). This agreement outlines their intention to form a joint venture focused on the development and distribution of high-value-added battery electric vehicles (EVs), aiming to enhance mobility services and contribute to a cleaner transportation future.
In October 2021, Robert Bosch, a global leader in technology and engineering solutions, introduced a new electric motor and inverter specifically designed for commercial vehicles (CVs). The 230 e-motor can be paired with Bosch's advanced silicon carbide (SiC) inverter, which significantly reduces energy losses and enhances the driving range of commercial vehicles. This innovative solution reflects Bosch's commitment to advancing electrification in the automotive sector.