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Transformation of the Automotive Industry into Electric Vehicles and Promotion of Aluminum Industry

Dong Xing aluminummanufacturerchina.com 2018-04-12 09:46:19
According to media reports, industry sources revealed that the aluminum (5083 aluminum plate on sale)industry has benefited greatly from the backdrop of the automotive industry's transition to electric vehicles.

Torbjorn Sternsjo, senior vice president of technology and business development at Granges AB, said: "By 2025, the hybrid vehicle market will occupy a large proportion, which will bring opportunities and challenges for car companies at the same time."
He also added that in terms of powertrain manufacturing, Europe and Asia have experienced the greatest changes because their products will depend heavily on aluminum.

According to Emilio Braghi, president of Novelis Europe, the use of aluminum(Aluminum coil for car parts 3004) in body parts will continue to increase for the entire automotive industry. This is mainly driven by electric vehicles. The former focuses on lightweighting strategies, or it is keeping the same battery. In the case of extended cruising range, batteries with smaller size are used, and the application of aluminum material just helps the lightweight design.

It is said that electrification will have an impact on the supply and demand balance of recycled aluminum. For the aluminum(Aluminum coating sheet 5052) extrusion market, it is expected that the usage and consumption of electric vehicles will show a growth trend, but the competition will be fierce because of the high market fragmentation.

In 2017, the average aluminum content of internal combustion engine cars (ICE) increased to 19-20 kg/vehicle. By comparison, in 2013, the figure was only 14 kg/car, which is equivalent to a value of 1 kg/car per year.

At present, the average content of aluminum profiles for pure electric vehicles is approximately 65 kg/vehicle. For models such as Karma, its value has soared to 280 kg/vehicle.

This is why many companies in the industry have tried to enter the market. The electrification of automobiles has changed the pattern in the industry.