The humble busbar is one of the least glamorous components in an electric vehicle. But, it's essential for distributing power from battery packs to e-motors, e-axles and other devices.
MUNICH—The BMW Group is speeding up the shift toward electromobility and strengthening its global production network. As part of the 400 million euro initiative, the automaker is retooling its assembly plants for an electrified future.
Navigant says that plug-in electric vehicle sales last year doubled in North America, and sales in Europe and China increased 39% and 77%, respectively. And by 2030, annual PEV sales are estimated to be between 15% and 32% of the global light-duty vehicle market.
Battery electric vehicles could be on the fast track to reach an installed base of over 100 million by 2029, but much of the growth in electrification hinges on battery technology as well as educated and willing consumers.
The electrification of automotive powertrains has accelerated as the world's automakers come to the realization that traditional ICE (internal combustion engine) vehicles can no longer keep pace with stringent global emissions requirements, especially those in Europe.
MUSCLE SHOALS, AL—DURA Automotive Systems plans to invest $59 million to open a manufacturing facility here that will produce battery trays for electric vehicles.