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The manufacturing of semiconductors and the production of automotive parts have always been the bastion of the US and Europe. At least, until now that is.
As both markets’ share of semiconductor manufacturing capacity continues to decline, East Asian markets including China, Taiwan, South Korea and Japan have stepped in to become leading global contributors in semiconductor production.
On the automotive front, East Asia is also set to take over the driver’s seat for global vehicle production as both Europe and North America recorded falling production numbers. IHS Markit predicted that by focusing on the supply chain shift to growing demand for electric vehicles, South Korea and China will become leading suppliers of automotive battery cells for the rest of the world by 2026.
Read more of this shifting manufacturing trend at In charts: Asia’s manufacturing dominance | Financial Times.
You can also catch up with the latest challenges and advancements made in electric vehicle battery technology at Challenges and advancements in electric vehicle battery technology.