Category: Innovation
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Global wholesale and automotive aftermarket set to grow at a compound annual growth rate of 7.2%
The global wholesale and distribution automotive aftermarket market is expected to grow from $195.95 billion in 2021 to $217.93 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The wholesale and distribution automotive market is expected to reach $288.10 billion in 2026 at a CAGR of 7.2%. The main replacement parts in…
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LG Energy Solution to supply batteries to Japan’s Isuzu Motors
South Korea’s LG Energy Solution is on track to supply Japanese commercial vehicle maker Isuzu Motors with an estimated 1 trillion won ($763 million) or more worth of batteries, a South Korean newspaper reported. LG Energy Solution is working with Isuzu to supply batteries for four years starting next year, starting with an electric vehicle version of…
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The Motor Vehicle Parts Market Growth To See 8% Rate With Advancements In Technology
Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade, and this is expected to intensify in the forecast period. According to Forbes, the 10 new features in vehicles include…
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Diesel power trucks can run on renewables
The diesel big rig is starting to move into the carbon-free future: Electric semi trucks are already beginning to make deliveries around the country. But although they can work well for short trips—and Volvo’s newest electric semi will be able to travel up to 275 miles before charging—they still aren’t yet a viable alternative for the…
United Auto Company 