Automotive Lightweight Materials Market: OEMs Replace Traditional Steel with High-Strength Steel
Amid drastic climate change in recent years, automotive industry is aspiring to develop new functional materials to enhance vehicle's fuel efficiency. The grave environmental issues linked with greenhouse gas emissions have triggered automotive manufacturers to seriously focus on the development of fuel-efficient and lightweight vehicles. Vehicle weight reduction is a prevalent strategy to improve fuel economy in vehicles. Accordingly, most of North American and European OEMs have chalked out weight reduction plans. As such, reduction in vehicle weight can be...
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