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 Market right now and how will it change in next 5-6 years?
2. Average cost to set up a EV Traction Motor Market in South Korea?
3. How many South Korea 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  South Korea EV Traction Motor Market  and key vendor selection criteria
6. Where is the South Korea EV Traction Motor Market manufactured? What is the average margin per equipment?
7. Market share of South 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 major South Korea EV Traction Motor Market  and pricing plans
10. Cost advantage for OEMs who manufacture South Korea EV Traction Motor Market  in-house
11. 5 key predictions for next 5 years in South Korea EV Traction Motor Market
12. Average B-2-B South Korea EV Traction Motor Market price in all segments
13. Latest trends in South Korea EV Traction Motor Market, by every market segment
14. The market size (both volume and value) of South Korea EV Traction Motor Market in 2022-2027 and every year in between?
15. Global production breakup of South Korea EV Traction Motor Market, by suppliers and their OEM relationship