- In April 2024, Hyundai Motor Company and Kia Corporation announced a partnership with Exide Energy Solutions Ltd to localize electric vehicle (EV) battery production in India. The collaboration was formalized through a Memorandum of Understanding (MOU) signed by Hyundai Motor Group and Exide Energy Solutions. This initiative is part of their strategic expansion in the EV sector, with a focus on manufacturing lithium iron phosphate (LFP) cells to bolster their market presence in India.
- Earlier, in January 2024, SGL Carbon teamed up with E-Works Mobility on a technology initiative. SGL Carbon provided a battery case made of glass fiber-reinforced plastic for E-Works Mobility, a Munich-based company specializing in electric van development. This collaboration aimed to enhance the E-Works HEERO, a high-performance e-transporter. Engineers recently completed a complete redesign of the battery box, replacing the previous aluminum construction, which represents a significant advancement in the vehicle's development.
- In March 2023, Atlas Copco Power and Flow introduced the WEDA D95, a next-generation electric submersible pump featuring advanced wear protection technology. This robust and dependable pump offers superior performance and longevity in highly abrasive environments such as mining, tunneling, and construction, helping users boost both sustainability and productivity in their operations
- In April 2023, LG Energy Solution formed a strategic partnership with General Motors (GM) to develop innovative battery tray designs. This collaboration aims to improve battery pack performance and configuration for GM’s upcoming electric vehicle (EV) models
- In August 2020, DURA Automotive Systems announced in the past plans to invest $59 million in a new manufacturing facility in Muscle Shoals, Alabama, dedicated to producing battery trays for electric vehicles. The project, supported by the Shoals Economic Development Authority, created 279 direct jobs, enhancing Alabama’s auto industry potential amid the growing EV demand. Local leaders expressed excitement over the investment and job opportunities
Frequently Asked Questions
The market is segmented based on Segmentation, By Material Type (Steel Based, Glass Fiber Based, and Aluminum Based), Applications (2 & 3-Wheeler, Passenger Cars, and Commercial Vehicles) – Industry Trends and Forecast to 2031
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The Global Electric Vehicles Battery Tray Market size was valued at USD 550.17 USD Billion in 2023.
The Global Electric Vehicles Battery Tray Market is projected to grow at a CAGR of 9.1% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
