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In contrast to internal combustion technology, which propels a vehicle by combustion and pressure, electric cars, or EVs, are pushed using electromagnetism.
Electric motors in these vehicles are powered by electricity, which is normally stored in batteries.
While hot stamping allows for the formation of pressed pieces from very high-strength steels, one drawback has been the slower pace of the process compared to cold forming due to the necessity of heating and cooling the steel and the following requirement for laser trimming of the hardened parts.
These difficulties would be resolved by the new multi-step technology.
The pieces can be loaded significantly more quickly with this method than with traditional hot stamping. Eight pieces are loaded simultaneously using twin robots, double loading, and these methods.
The part may now be fed into a computer-controlled tool at the same speed as in the cold stamping process thanks to the use of a new type of furnace.
For a broad range of investments on EVs, including battery manufacturing, Foxconn said it will collaborate with Indonesia’s investment Battery Corporation, energy company PT Indika Energy, and Taiwanese electric scooter vendor Gogoro.
Indonesia, the largest economy in Southeast Asia, will become a hub for EV manufacturing thanks to an investment by Taiwan-based Foxconn.
In addition to producing electrical vehicles, Foxconn will erect a facility in central Java to produce battery cells, cathodes precursors, and communications replacement parts.
The Indonesia EV Stamping Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
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