AUTOMOTIVE | APPLICATION REPORT


R Unified Industries Brand ProPath Automated Workstation Crane He added, there is also a lot


of investment in electric vehicle manufacturing, and we will continue to see growth in this area. In fact, the electric vehicle market has witnessed a rapid evolution with ongoing developments in the automotive sector, dominated by globally established players such as Tesla (US), BYD (China), BMW (Germany), Volkswagen (Germany), and Nissan (Japan) and developed nations such as the US, Germany, and the UK are actively promoting the use of electric vehicles to reduce emissions, which has resulted in the growth of electric vehicle sales.


In a report by marketsandmarkets R 2200 Series Color 32 | February 2021 | www.hoistmagazine.com


research group, favourable government policies and support in terms of subsidies and grants, tax rebates and other non- financial benefits in the form of car pool lane access, new car registration (specifically in China where ICE engine new car registration is banned in some urban areas) the increasing vehicle range, better availability of charging infrastructure and proactive participation by automotive OEMs will drive global electric vehicle sales. Renault announced this month it will launch 24 vehicles in the next five years and at least 10 electric vehicles, including


a Renault 5 prototype, which is a compact electric car with a more stylish retro design than the current Renault Zoe EV, to go on sale before 2025. “At Renault, we embrace the waves of


disruption and create our own ‘Nouvelle Vague’. It’s about bringing modernity to the automotive industry. We’ll move to an energy brand, strengthening our EV leadership with the Electro Pole project and investing in Hydrogen, aiming at achieving the greenest mix in Europe by 2025,” says Luca de Meo, CEO, Groupe Renault. According to Konecranes, another area


of interest is that many foreign automotive companies have set up their businesses in Russia and they are now increasing production there, which allows them to optimise logistics chains and fully meet the demands of the local market. Boston Consulting Group (BCG) a global management consulting firm, claims with more than $10bn committed to upgrading facilities and expanding capacity through 2020, the auto industry is the one industrial sector in Russia that is attracting serious levels of direct foreign investment, driven by the Russian government’s policy of supporting foreign investment in the auto sector. Such investment followed a


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