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Traditional wiring is not often the first place one looks for innovations in electric vehicles (EVs), but recent developments have had a huge impact on the EV story because they are giving OEMs less bulk and more space, two things that EV architectures sorely require.
Only two areas—low-voltage and high-voltage wiring—are where innovation is hastening the global expansion of EVs. Every step of the production of electric vehicles involves the same spirit of invention, and it must continue. In various Latin American markets, EV adoption is already in motion. Due to their larger markets, Mexico and Brazil have higher EV sales but smaller market shares.
The Latin America EV Wiring Harness 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.
Volkswagen has moved the production of its wire harnesses to Romania, Hungary, Tunisia, Morocco, Mexico, and China in order to make up for the volume losses brought on by the Russian invasion of Ukraine.
The first Leoni site in Paraguay was formally inaugurated today. Leoni is the top European supplier of cables and cable systems to the automobile industry and other industries.
The factory in San Lorenzo, close to Asuncion, will produce wiring harnesses for a number of clients in the passenger car and commercial vehicle segments. Three productions of wire systems are already being run by the company in Mexico and Brazil. The expanded Paraguayan facility will ship its goods to client facilities in Brazil and Argentina.
