LATIN AMERICA EV TRACTION MOTOR MARKET

INTRODUCTION

Traction motors for electric vehicles are those that are propelled by the electric charge that serves as the engine's main source of propulsion.

In equipment like conveyors, roller coasters, elevators, and other engines where a certain degree of torque is necessary, electric vehicle traction motor engines are frequently employed.

The market for electric vehicle traction motors is expected to develop primarily due to an increase in the use of electric cars. It is anticipated that increased investment in electric cars by major automobile companies would spur market expansion.

In addition, it is anticipated that strict government regulations and the growing cost of fossil fuels would propel the demand for electric car traction motors.

LATIN AMERICA EV TRACTION MOTOR MARKET SIZE AND FORECAST

The Latin America EV Traction Motor 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.

NEW PRODUCT LAUNCH

The E-Axle is a traction motor system for electric vehicles developed by Nidec that combines an inverter, a reducer, and a motor.

The 150kW output type of the Nidec E-Axle series, which weighs just 87 kg and has a torque rating of 3900 Nm, was then put into mass production. This compact, the lightweight gadget has a significantly higher power density than similar items.

The substantial product development skills Nidec has amassed over the years in the IT industry, where we have continuously manufactured the smallest-class motors in the world by utilising technologies to build exceedingly tiny and thin items, have made this device possible. Nidec's E-Axle also received a new cooling system.

To expand its presence in the North American market, Posco International is constructing a facility in Mexico to manufacture traction motor cores, a crucial component of electric cars.

Electric cars are propelled by traction motors, the heart of which is a solid piece of magnetic steel. Ramos Arizpe, Coahuila, which is home to several international automakers and part manufacturers, will be the location of Posco International's motor core facility.

A strategic reaction to the American government's objective for environmentally friendly mobility, the investment is made in North America, the world's largest market for electric vehicles.

In order to produce electric vehicles, General Motors has started upgrading its Ramos Arizpe, Mexico, facility. There will be no auto manufacturing throughout the changeover period, which will last six weeks.

COMPANY PROFILE

• General Motor
• Posco International
• ABB Limited
• Parker-Hannifin Corp.

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per Latin America EV Traction Motor Market right now and how will it change in the next 5-6 years? 
2. The average cost to set up an EV Traction Motor Market in Latin America?
3. How many Latin America EV Traction Motor Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Latin America EV Traction Motor Market  and key vendor selection criteria
6. Where is the Latin America EV Traction Motor Market manufactured? What is the average margin per equipment?
7. Market share of Latin America EV Traction Motor Market manufacturers and their upcoming products
8. The most important planned Latin America EV Traction Motor Market  in the next 2 years
9. Details on a network of major Latin America EV Traction Motor Market and pricing plans
10. The cost advantage for OEMs who manufacture Latin America EV Traction Motor Market in-house
11. 5 key predictions for the next 5 years in Latin America EV Traction Motor Market
12. Average B-2-B Latin America EV Traction Motor Market price in all segments
13. Latest trends in Latin America EV Traction Motor Market, by every market segment
14. The market size (both volume and value) of Latin America EV Traction Motor Market in 2022-2027 and every year in between?
15. Global production breakup of Latin America EV Traction Motor Market, by suppliers and their OEM relationship