openPR Logo
Press release

EV Traction Motor Market Top Key Players - Siemens AG, Nidec Corporation, Hitachi Automotive Systems, Ltd., Toshiba Corporation, Tesla Motors, Inc., Toyota Industries Corporation, LG Electronics, Hyundai Mobis Co.,Ltd, Remy International (BorgWarner Inc),

09-16-2021 02:47 PM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

EV Traction Motor Market Top Key Players - Siemens AG, Nidec

The global EV traction motor market is estimated at $3.1 Billion in 2020 and will grow to $7.5 Billion in 2025.

Request For Sample@


• VW will build 8 MEB plants by 2022, 2 of which will be located in China and 5 in Europe. This is to actively expand BEV's production capacity to supply electric vehicles to Europe and China, which account for 83% of their sales, as well as MEB platforms for potential OEM buyers such as Ford. All vehicles on the MEB platform will be equipped with a PMSM engine.

• GM's EV strategy is to maintain customer engagement by expanding customer choice and infrastructure development. The R&D budget is currently spent more on electric vehicles than on ICE, including batteries, as opposed to other OEMs and their promised volumes (VW Group, Daimler Group). GM has launched the Ultium platform, which will consist of three types of drives, rear-wheel drive, front-wheel drive and four-wheel drive. The platform will be based on PMSM engines.


• The Global EV Traction Motor Market is currently consolidated due to long-term OEM Supplier contracts and the significant share of internal production in all regions except Europe.

• In November 2020, the MAHLE Group announced the Commission from a test bench for electrical hard drives in the city of Stuttgart, Germany. The company has a sanctioned investment worth 3.5 million US dollars for the test center. The equipment is used to test and develop Errite and Ehaxles for a series of hybrid and electric vehicles. The plant comprises an eager unit consisting of two opposite charged loading machines with permanent synchronous motors of the magnet. In February 2020, the ABB company signed a contract with Chittaranjan locomotives to provide you with a value of 26 million US dollar tractions.


• In August 2021, Siemens is building a bipolar electric motor with an efficiency of over 98% for the Chinese company. The company will also supply the start-up frequency converter.

• In May 2021, Mahle, based in Germany, began developing a new magnetic-free electric motor that does not require the use of rare earth materials. The main feature of the motor will be the inductance, which ensures contactless power transmission with an efficiency of over 95%.

• In February 2021, the Schaeffler Group announced that it would develop and produce a hybrid electric vehicle powertrain that will consist of two electric motors and a transmission with an integrated power electronics unit. They will start development in 2024.

• Siemens AG
• Nidec Corporation
• Hitachi Automotive Systems, Ltd.
• Toshiba Corporation
• Tesla Motors, Inc.
• Toyota Industries Corporation
• LG Electronics
• Hyundai Mobis Co.,Ltd
• Remy International (BorgWarner Inc)
• Zhongshan Broad-ocean Motor Co., Ltd
• BYD Co Ltd
• Nissan Motors
• Mahle Group

Read More Information:

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release EV Traction Motor Market Top Key Players - Siemens AG, Nidec Corporation, Hitachi Automotive Systems, Ltd., Toshiba Corporation, Tesla Motors, Inc., Toyota Industries Corporation, LG Electronics, Hyundai Mobis Co.,Ltd, Remy International (BorgWarner Inc), here

News-ID: 2395979 • Views: 545

More Releases from Mobility Foresights

Air To Air Refueling Market Top Key Players - Thales Group, Boeing Company, L3Ha …
Refueling in an airplane is nothing new, but the technology has advanced significantly since the first airborne refueling operation. Moving gasoline from a tank to another aircraft by air refueling or air refueling is called air refueling (receiver). Airborne refueling has been used by military aircraft for almost a century. Airborne refueling, often known as airborne refueling, is the transfer of gasoline from a refueling aircraft to another aircraft. The
Bus Seats Market Top Key Players - Harita Seating Systems, Franz Kiel GmbH, Comm …
The reclining market is expected to generate higher returns than other types of seats on the market during the forecast period. Reclining seats are flexible and comfortable for long-distance travel; There is also a high demand for these seats from bus manufacturers. The conventional passenger seat market is expected to grow second fastest over the forecast period. The Asia-Pacific region is expected to have the largest share of the bus seat
Home Elevator Market Top Key Players - Mitsubishi Electric, Access Elevator Inc, …
The Home Elevator Market works according to personal requirements and technology to enhance vertical or ultimately horizontal mobility solutions in a residential or commercial space. One or more people can navigate vertically up and down the floors of a home using a home elevator, similar to that of a department store, large office building, or airport. Some are designed to be used while seated, but others can be used while
Satellite Communication System Market Top Key Players - SES S.A., Viasat, Inc., …
Satellites are space relay stations for transmitting voice, image and data. You can meet the global communication needs of military, government and commercial organizations as they offer affordable, scalable and highly reliable broadcast services that can easily reach multiple locations in wide geographic regions. Transmissions made possible by satellite communication systems can bypass the often imperfect and unstable terrestrial infrastructure in the world. By using satellites, companies can quickly and easily

All 5 Releases

More Releases for Motor

Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in
Axial Piston Motor Market
Download PDF Brochure @ An axial piston motor is a positive displacement motor that has a number of pistons in a circular array within a cylinder block. Axial piston motor works with a bent axis design or swash plate principle and is available in both variable and fixed displacement designs. The constant displacement type works as a hydraulic motor and the variable displacement type works as a hydraulic pump. Growing the
Global Luxury Van Market: Honda Motor, Hyundai Motor, Toyota Motor, Ford Motor, …
Qyresearchreports include new market research report Global Luxury Van Market Professional Survey Report 2018 to its huge collection of research reports. This report studies Luxury Van in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and
Enerdoor's Motor Protection Range
Enerdoor has developed a Motor Protection Series to protect motors from harmful overvoltage and dV/dt spikes generated on the output. This is particular useful for applications with variable frequency drives and servo-motors. This series includes common mode and differential mode inductances, sine wave filters and snubbers designed to work with various frequency switches, output frequencies and applications. The sin wave filter series reduces the pulse wave modulation (PWM) effect, converts the PWM
Automobile Market 2017 - Daimler, BMW Group, Honda Motor, Ford Motor, Nissan Mot …
Apex Research, recently published a detailed market research study focused on the "Automobile Market" across the global, regional and country level. The report provides 360° analysis of "Automobile Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Automobile industry, and estimates the future trend of Automobile market on the basis of