SOUTH KOREA EV TRACTION MOTOR MARKET

INTRODUCTION

The need for traction motors rises along with the deployment of electric vehicles (EVs) and hybrid vehicles.

The traction motor, which takes the place of an engine to act as the "heart" of a car, is required to meet many specifications, including having an excellent torque characteristic (which affects the performance of the car), being efficient to make the vehicle run long, being quiet, compact, and light, having a wonderful reliability, and being simple to maintain.

At the same time, the quality expectations for the motors are also rising quickly.

The E-Axle, which consists of a motor, an inverter, and a reducer, may be put in a car and, when powered by electricity, performs all of the functions necessary to drive the car, including producing rotational torque from the drive shaft attached to the tires. The race to build electric vehicles (EVs) is fierce, and it demands quick thinking.

SOUTH KOREA EV TRACTION MOTOR MARKET SIZE AND FORECAST

The South Korea 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

Kia Corp. unveiled the EV6, the company's first all-electric sedan, for the domestic market. A subsequent iteration of the EV6, which is based on the company's new EV platform E-GMP, has also been well received in Europe.

The newest EV from Hyundai Motor Group subsidiary Kia is offered with two battery packs: a 58 kWh regular battery pack and a 77.4 kWh long-range battery pack. 370 and 475 kilometers, respectively, may be covered by each battery on a single charge. There are four variants available, including the high-performance GT model (regular, long-range, and GT-Line).

COMPANY PROFILE

• Hyundai Motor Group
• Nidec Motor Corporation
• ABB
• CRRC
• Mitsubishi Electric
• GE
• Siemens
• Kia Motors

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per South Korea EV Traction Motor Marketright now and how will it change in next 5-6 years?
2. Average cost to set up aEV Traction Motor MarketinSouth Korea?
3. How manySouth Korea EV Traction Motor Marketare 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 South Korea EV Traction Motor Market and key vendor selection criteria
6. Where is theSouth Korea EV Traction Motor Marketmanufactured? What is the average margin per equipment?
7. Market share ofSouth Korea EV Traction Motor Market manufacturers and their upcoming products
8. The most important planned South Korea EV Traction Motor Market in next 2 years
9. Details on network of majorSouth Korea EV Traction Motor Market and pricing plans
10. Cost advantage for OEMs who manufactureSouth Korea EV Traction Motor Market in-house
11. 5 key predictions for next 5 years inSouth Korea EV Traction Motor Market
12. Average B-2-BSouth Korea EV Traction Motor Marketprice in all segments
13. Latest trends inSouth Korea EV Traction Motor Market, by every market segment
14. The market size (both volume and value) ofSouth Korea EV Traction Motor Marketin 2022-2027 and every year in between?
15. Global production breakup ofSouth Korea EV Traction Motor Market, by suppliers and their OEM relationship