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Home INDIA MANUFACTURERS

The electric vehicle boom is pay-dirt for factory machinery makers, Auto News, ET Auto

by Gias
August 20, 2021
4 min read
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he investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush.
he funding surge by each new and established automakers within the electrical car market is a bonanza for manufacturing unit tools producers that provide the extremely automated picks and shovels for the prospectors within the EV gold rush.

By Ben Klayman

DETROIT: The funding surge by each new and established automakers within the electrical car market is a bonanza for manufacturing unit tools producers that provide the extremely automated picks and shovels for the prospectors within the EV gold rush.

The nice instances for the makers of robots and different manufacturing unit tools mirror the broader restoration in U.S. manufacturing. After falling post-COVID to $361.8 million in April 2020, new orders surged to virtually $506 million in June, in keeping with the U.S. Census Bureau.

This is a graphic on U.S. manufacturing new orders: US Producers’ New Orders (reuters.com)

New electrical car factories, funded by buyers who’ve snapped up newly public shares in corporations reminiscent of EV start-up Lucid Group Inc are boosting demand. “I am unsure it is reached its climax but. There’s nonetheless extra to go,” Andrew Lloyd, electromobility phase chief at Stellantis-owned provider Comau, stated in an interview. “Over the following 18 to 24 months, there’s going to be a big demand coming our manner.”

Development within the EV sector, propelled by the success of Tesla Inc, comes on prime of the conventional work manufacturing tools makers do to assist manufacturing of gasoline-powered autos.

Automakers will make investments over $37 billion in North American vegetation from 2019 to 2025, with 15 of 17 new vegetation in the US, in keeping with LMC Automotive. Over 77% of that spending will likely be directed at SUV or EV initiatives.

Gear suppliers are in no rush so as to add to their almost full capability.

“There is a pure level the place we are going to say ‘No'” to new enterprise, stated Comau’s Lloyd. For only one space of a manufacturing unit, like a paint store or a physique store, an automaker can simply spend $200 million to $300 million, trade officers stated.

‘WILD, WILD WEST’ “This trade is the Wild, Wild West proper now,” John Kacsur, vp of the automotive and tire phase for Rockwell Automation, informed Reuters. “There’s a mad race to get these new EV variants to market.”Automakers have signed agreements for suppliers to construct tools for 37 EVs between this 12 months and 2023 in North America, in keeping with trade guide Laurie Harbour. That excludes all of the work being carried out for gasoline-powered autos.

“There’s nonetheless a pipeline with initiatives from new EV producers,” stated Mathias Christen, a spokesman for Durr AG, which focuses on paint store tools and noticed its EV enterprise surge about 65% final 12 months. “That is why we do not see the height but.”

Orders acquired by Kuka AG, a producing automation firm owned by China’s Midea Group, rose 52% within the first half of 2021 to simply below 1.9 billion euros ($2.23 billion) – the second-highest degree for a 6-month interval within the firm’s historical past, attributable to sturdy demand in North America and Asia.

“We ran out of capability for any extra work a couple of 12 months and a half in the past,” stated Mike LaRose, CEO of Kuka’s auto group within the Americas. “Everybody’s so busy, there isn’t any ground house.”

Kuka is constructing electrical vans for Basic Motors Co at its plant in Michigan to assist meet early demand earlier than the No. 1 U.S. automaker replaces tools in its Ingersoll, Ontario, plant subsequent 12 months to deal with the common work. Automakers and battery corporations must order most of the robots and different tools they want 18 months upfront, though Neil Dueweke, vp of automotive at Fanuc Corp’s American operations, stated clients need their tools sooner. He calls that the “Amazon impact” within the trade.

“We constructed a facility and have like 5,000 robots on cabinets stacked 200 ft excessive, virtually so far as the attention can see,” stated Dueweke, who famous Fanuc America set gross sales and market share data final 12 months.

COVID has additionally brought about points and delays for some automakers making an attempt to device up.

R.J. Scaringe, CEO of EV startup Rivian, stated in a letter to clients final month that “every thing from facility building, to tools set up, to car part provide (particularly semiconductors) has been impacted by the pandemic.”

Nevertheless, established, long-time clients like GM and components provider and contract producer Magna Worldwide stated they haven’t skilled delays in receiving tools.

One other limiting issue for capability has been the persevering with scarcity of labor, trade officers stated.

To keep away from the stress, startups like Fisker Inc have turned to contract producers like Magna and Foxconn, whose shopping for energy permits them to keep away from shortages extra simply, CEO Henrik Fisker stated.

Rising demand, nevertheless, doesn’t imply these tools makers are dashing to develop capability.

Having lived by downturns by which they had been pressured to make cuts, tools suppliers need to make do with what they’ve, or in Comau’s case, simply add short-term capability, in keeping with Lloyd.

“All people’s afraid they are going to get hammered,” stated Mike Tracy, a principal at consulting agency the Agile Group. “They simply haven’t got the reserve capability they used to have.”

Additionally Learn:

However electrical car corporations reminiscent of UK van firm Arrival SA and Fisker Inc are taking very completely different roads to beat the challenges of worthwhile mass manufacturing that nearly broke Tesla

Automakers in North America plan to construct extra huge pickups and sport utility autos than electrical autos properly into the late 2020s, chasing gross sales traits that run counter to the Biden administration’s aim of boosting EVs to half the market by 2030, in keeping with inside manufacturing forecasts seen by Reuters.

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