Insufficient Demand Affects Production At Volkswagen Zwickau Plant

The Volkswagen Group has a demand problem for its all-electric cars in Europe, which soon might affect its main factory in Zwickau, Germany. According to German media – Handelsblatt and Automobilwoche (via Reuters) – the weakened demand, combined with reduced subsidies, higher inflation, and competition from Tesla and Chinese imports, might translate into a reduction…

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APAC automotive sensors market to record 1.7% CAGR over 2023-28: GlobalData, ET Auto

GlobalData’s latest report “Global Sector Overview & Forecast – Sensors,” reveals that the APAC automotive sensors market is estimated to reach 7.6 billion units in 2023 and 8.3 billion units in 2028. New Delhi: Vehicle electrification and hybridization, alliances and collaborations among industry players, and rising consumer disposable income have indirectly stimulated the demand for…

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Lithium Iron Phosphate Battery: Working Process and Advantages

Lithium Iron Phosphate Battery Lithium Iron Phosphate (LiFePO4 or LFP) batteries are a type of rechargeable lithium-ion battery known for their high energy density, long cycle life, and enhanced safety characteristics. Lithium Iron Phosphate (LiFePO4) batteries are a promising technology with a robust chemical structure, resulting in high safety standards and long cycle life. Their…

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