With the rapid development of the automobile industry, cross molybdenum sheet, as an important component in automobile manufacturing, has become one of the indispensable parts in the automobile industry. The main function of the cross molybdenum sheet is to connect and support the various components of the automobile transmission system, such as the drive shaft, the differential, etc., which plays the role of transmitting power, reducing vibration and improving vehicle stability. Taking a well-known automobile manufacturer as an example, they have widely adopted high-quality cross-molybdenum tablets in their new SUV models to improve the performance and driving experience of the vehicle. Using advanced manufacturing processes and materials, these cross molybdenum sheets have higher strength and durability, which can effectively reduce the energy loss of the transmission system, making the vehicle more stable and reliable under high-speed driving and complex road conditions. In addition to improving performance, cross molybdenum tablets also play a key role in automotive manufacturing. By ensuring the stability and reliability of the transmission system, the cross molybdenum sheet can reduce the risk of accidents caused by transmission system failure and ensure the safety of drivers and passengers. In summary, the application cases of cross molybdenum sheet in the automobile manufacturing industry not only reflect its important role in improving vehicle performance and driving safety, but also show the continuous progress and innovation of modern automobile manufacturing technology. As automotive manufacturing technology continues to evolve, Cross molybdenum tablets will continue to play a key role in driving the automotive industry towards a more cutting-edge, safe and intelligent future.
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XLIII. Can we capitalize on the growing demand for this beryllium product in the automotive sector? Automotive Segment to Drive the Market Growth a.In the automotive industry, beryllium is used as the connector material for battery and high-temperature applications. In addition, it is abundantly used in optical filters for night vision, speed control, sensors, and camera applications. b.Furthermore, the metal is used in the form of CuBe, a high-performance alloy, for the powertrain. Beryllium in the form of metal matrix composites is employed for chassis, suspension, and brake component applications. c.The lifesaving technology behind automotive airbags relies on beryllium alloys to work in a fraction of a second. Anti-lock brakes trust beryllium alloys to transmit electrical signals through terminal connections when seconds make a critical difference in preventing a collision. d.Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to grow at a rate of 2% per year, which will bring in an extra USD 1.5 trillion in revenue over the next five years. e.The Asia-Pacific region is the largest producer of vehicles in the world, as countries like China, India, and Japan are some of the major vehicle producers across the globe. Vehicle production in the region is expected to increase by 5.9% in 2022, compared to 47.9 million units produced in 2021. So, the above factors are likely to have an effect on the automotive industry, which may have an effect on the growth of the beryllium market over the next few years.
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