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Regardless of whether a car is conventionally powered or an electric vehicle, passenger safety is still a top priority when it comes to vehicle design. New steel kinds are becoming more and more significant because they have 3–4 times the tensile strength and may be precisely made to be deformable.
They are therefore perfect for usage in B pillars and integral subframes. Additionally, current joining techniques like laser welding lower the tension in bonded metal parts in comparison to traditional brazed joints, improving safety in the event of an accident.
By producing steel products with automotive-grade specifications, regional steel producers should enter the automotive market. Due to its strategic importance to the regional car industry, the government intends to promote domestic investment in this sector of the steel industry.
Making electric vehicles even greener by using green steel made from green hydrogen may hasten the decarbonization of the steelmaking process, one of the most carbon-intensive industrial processes.
The Malaysia EV Steel 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.
An increasing number of Malaysian listed firms have entered this expanding sector, riding the wave of global interest in electric vehicles (EV), and the trend is expected to continue. An OEM contract for the assembly, testing, quality control, and commissioning of Dongguan Tailing Motor Vehicles Co Ltd’s eBixon EV Bike had been signed by stainless steel producer Ni Hsin Group Bhd.
