article thumbnail

The EV Market Doubles Down on Permanent Magnets Despite Material Costs

i4.0 today

The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. This has been especially true for the rare earth materials used in the manufacturing of electric motors for electric vehicles (EVs).

article thumbnail

Ather Energy Selects Siemens Xcelerator Portfolio to Speed Development of Electric Mobility Solutions

i4.0 today

Siemens Digital Industries Software announced today that Ather Energy, one of India’s foremost electric motorcycle brands, has expanded its adoption of the Siemens Xcelerator portfolio of industry software to help the company reduce its design and engineering cycle time, improve product quality and achieve faster time to market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Electric Boat & Ship Markets Sail Past 1GWH in 2023, Reports IDTechEx

i4.0 today

The IDTechEx report finds that cumulative battery deliveries since 2013 are set to surpass the milestone of 1GWh in 2023.

Cargo 52
article thumbnail

In tune with times, software application provider focuses on frontline workers

Control Engineering

Next Fadel served as a co-founder of ThingWorx, an application platform supplier for the connected world, serving as CEO and then president until its acquisition by PTC in 2013. The connected worker space emerged around 2012-2013. In 2005, Lighthammer was acquired by SAP. . Russ Fadel is the CEO and cofounder of Augmentir.

article thumbnail

The Know-How Factory

Dinesh Mishra

In the recent years, we have witnessed the Automotive sector move from IC Engines to the EV which posed challenges to the machine tool sector and it heartening to see that Indian machine tool manufacturers have been successful in building machines required for this transition.