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Electrical steel is highly sought after as the market for electric cars grows on a global scale. Due to the fact that they determine a vehicle’s horsepower, motors are essential to the efficiency and overall performance of EVs.
As a result, automakers vying for the biggest share of the growing EV market are searching for superior electrical steels.
There are several challenging processes involved in the production of electrical steels, such as annealing, hot and cold rolling, and insulating coating. For EV performance and efficiency, the best electrical steel should be utilized, and the most advanced production method must be employed.
A crucial factor in assessing the quality of electrical steel is little core loss. Since the magnetic field’s direction is continually shifting, the generated energy can easily be squandered as heat.
The Taiwan 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.
The biggest steel producer, thyssenkrupp Steel Europe, and JFE Steel Corporation today announced the launch of new 980- and 1180MPa-class high-strength steel sheets that can be cold formed for the manufacture of vehicle frame components.
In comparison to traditional high-tensile steel sheets, the products attain greater yield strengths and ductility, particularly superior local ductility, which will help create lighter car body frames (also known as “body in white”) and improve crash safety.
The new sheets allow customers to build complex-shaped components using traditional cold forming (press & roll) rather than hot stamping, which is intended to increase productivity and reduce manufacturing costs.
A new warehouse for ThyssenKrupp Steel Europe just opened in Taiwan. The Heavy Plate Unit of ThyssenKrupp Steel Europe has established itself in Taiwan’s second largest city with the establishment of the warehouse in Kaohsiung.
With a direct connection to the main container port of the nation, the business has access to major supply routes across Asia. The warehouse in Taiwan will assist the Unit’s local business dealings with Asian clients, particularly with regard to wear-resistant steels.
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