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EVs have a number of electric power-related parts, including a motor, battery, onboard charger, and an electric power control unit (EPCU). All are necessary elements to convert the power from the battery into the kinetic force that propels the EV ahead.
The market for electric vehicle components is seeing significant expansion as a result of government measures to reduce emissions from conventional cars by supporting electric vehicles.
People are turning to electric vehicles as a consequence of a significant rise in pollution and high fuel costs, which is driving up the price of electric vehicle components.
One of the key factors driving the market for electric vehicle components is the use of basic DC motors, which lower vehicle maintenance costs.
The Japan EV Components 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.
The all-solid-state battery being developed by Nissan and NASA promises to charge more quickly, be lighter, and yet be safe. It is stable enough to be used in pacemakers.
When complete, the battery will be roughly half the size of the existing one and will charge completely in 15 minutes as opposed to several hours. A variety of materials are tested as part of the partnership with the US space programme and the University of California, San Diego.
Utilizing an electronic database known as the “original material informatics platform,” Nissan and NASA are testing various combinations to determine which of the thousands of materials performs best.
TDK to construct a EV component facility in Japan. Japanese electronics maker TDK will invest in building a domestic factory that produces parts for electric vehicles. This decision continues a growing trend of domestic capacity consolidation brought on by tight supply chains and the depreciating yen.
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