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UK Automotive welcomes plan to extend EV trade rules and calls for urgent adoption to avoid tariff cliff-edge

SMMT

The UK automotive industry has today welcomed the European Commission’s proposal to extend the current rules of origin for electric vehicle batteries under the Trade Cooperation Agreement (TCA) until 2027 – and urged every government to back it. We urge every party to get behind it.

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Mobile robot components market projecting strong growth

Control Engineering

New research by Interact Analysis shows the market for mobile robot components is expected to enjoy rapid growth out to 2027, reaching a value of $7.4 In particular, that of drivetrain components, which are experiencing an additional boost in revenues due to the impact of supply chain constraints. billion by 2027.

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Low voltage ac drive unit sales grow thanks to strong Asia market

Control Engineering

Supply chain problems, semiconductor shortages and the war in Ukraine continue to affect global markets. However, order intake did not lead to a rise in unit sales in all cases, as supply chain problems affected the ability of some vendors to fulfill orders. through to 2027. Courtesy: Interact Analysis.

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

Under guidance released in April by the US Department of Treasury following the Inflation Reduction Act, effective April 18, 2023, only EVs that fulfill specific mineral sourcing and battery pack content requirements will qualify for tax credits. Subject to a price cap (i.e.,

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Is Your Organization Harnessing the Power of a Global, AI-Driven, Data Visualization Platform to Drive Success in Fleet Leasing and Rental ?

Frost & Sullivan Manufacturing

Amid the automotive industry’s pandemic-induced slowdown, coupled with supply chain constraints and semiconductor shortages, a silver lining is emerging. The data encompasses various powertrains, from petrol and diesel to battery EVs and hybrids, with historical data from 2015 to 2023 and projections from 2024 to 2027.

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How Volkswagen was wooed

Canadian Manufacturing

And producing the batteries that power them requires a solid supply chain. Planned to begin operating in 2027, the plant is expected to be able to make enough batteries for up to one million electric vehicles every year. The spinoff jobs at companies expected to source the supplies this plant needs could number close to 30,000.

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ABB to Invest $280 million in Its European Robotics hub in Sweden

Fabricating & Metal Work

With the facility, ABB will expand production capacity by 50 percent and strengthen its capabilities to supply the European market, which is expected to grow at seven percent CAGR through 2027 1. Source: Interact Analysis www.abb.com go.abb/robotics Subscribe to learn the latest in manufacturing.