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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 level of torque is necessary, electric vehicle traction motor engines are primarily employed.
The market for electric vehicle traction motors is expected to develop mainly due to an increase in the use of electric cars. It is anticipated that increased investment in electric vehicles by key automotive firms 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.
The Mexico 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.
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.
To modernise manufacturing in this period, new production equipment like robots will be introduced. When the first electric pre-series models will be put into production is unknown.
It has not yet been publicly announced which electric vehicles GM plans to produce in Ramos Arizpe. However, it is thought to be quite likely that Equinox will be electric. The fifth GM factory where the corporation is either manufacturing or intends to produce electric vehicles is in Ramos Arizpe.
