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Why Demand for High-Efficiency Traction Motors Is Rising in EV Industry
The global automotive traction motor market is undergoing a historic transformation, sitting at the very heart of the worldwide shift toward electrified transportation. The global automotive traction motor market was valued at USD 5.67 billion in 2021 and is expected to grow at a compound annual growth rate of 22.5% during the forecast period, reaching USD 32.40 billion by 2030. This...
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