Automotive Power Electronics Market Projected To Reach $4.7B by 2025

The automotive power electronics market is projected to grow from $ 3.8 billion in 2020 to $4.7 billion by 2025, at a CAGR of 4.7 per cent as per a report by MarketsandMarkets. The report said that increasing electronics content inside the vehicle for the operation of specific vehicle applications and government mandates related to carbon emissions and vehicle safety are crucial factors that will fuel the market growth. Developments in the power converters of the electric vehicle is also another factor that will drive the automotive power electronics market.

Source: Automotive Power Electronics Market Projected To Reach $4.7 Billion by 2025: MarketsandMarkets

Startup Power Hydrant tests robotics for EV charging

Even as electric vehicle technology transforms the industry, most EV chargers still bear a strange likeness to the traditional internal-combustion world, plugging into a port on the car just like an old-fashioned gas pump nozzle.

Source: Startup Power Hydrant tests robotics for EV charging

Battery Maker SK Plans $940M Expansion 

ATLANTA, Ga. (AP) — A battery company plans a $940 million expansion of a manufacturing plant in Georgia, Gov. Brian Kemp’s office said Thursday.Kemp’s office says in a news release that the expansion by the company “SK innovation” in Jackson County will create 600 jobs.

Source: Vehicle Battery Maker Plans $940M Expansion | Manufacturing.net

Segway Ending Production of its Namesake Vehicle 

Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle.The Segway PT, popular with tourists and police officers but perhaps better known for its high-profile crashes, will be retired on July 15, the company said in a statement.

Source: Segway Ending Production of its Namesake Vehicle | Manufacturing.net

Lockheed Scales Back F-35 Program

Lockheed Martin is making significant scheduling changes to hold on to employees while dealing with supplier delays impacting the F-35 program as a result of the COVID-19 pandemic.

Source: Lockheed Scales Back F-35 Program | Manufacturing.net