The global automotive e-axle market was valued at USD 14.65 billion in 2023 and is estimated to reach approximately USD 271.38 billion by 2032, at a CAGR of 38.3% from 2024 to 2032.
Car propulsion systems have been transformed by the automobile e-axle market, which combines gear systems, power electronics, and electric motors into one unit. With its release, the automotive industry saw a sea change toward more compact and effective electric propulsion. E-axles maximize space usage in electric and hybrid vehicles by combining several components into a single module,...
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