The market for 800V electrified powertrain systems in electric vehicles is expected to experience significant growth from 2024 to 2035, driven by the need for increased efficiency, faster charging times, and improved vehicle performance compared to traditional 400V systems. Key contributors to this market expansion include advancements in silicon carbide technology and the development of ultra-fast charging infrastructure. While challenges such as high costs and infrastructure needs persist, the expansion of ultra-fast charging networks presents substantial opportunities. The Asia-Pacific region is anticipated to lead this market, supported by strong EV manufacturing capabilities and strategic infrastructure investments.
In other trading, Lucid Group was trading firmly up 10.4% and closing at $2.96. Meanwhile, Ford Otomotiv Sanayi lagged, down 5% to end trading at TRY91.95.
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BYD ended the day at HK$462.60 up 4%, near its 52-week high. Two days ago, BYD announced the establishment of its European HQ and R&D center in Hungary, creating nearly 2,000 jobs.
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Tesla ended the day at $343.82 up 0.5%.
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Ford Motor ended the day at $10.72 down 0.3%.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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