The global electric vehicle (EV) parts and components market is undergoing significant changes, poised to grow from USD 210.28 billion in 2025 to USD 299.93 billion by 2031, reflecting a compound annual growth rate of 6.12%. Key developments include a shift towards 800V platforms, efforts to localize supply chains, and enhanced EV infrastructure driven by declining battery costs and synchronized zero-emission mandates. Gigafactory scale-ups in Europe and North America are fostering localized production and mitigating supply chain risks, while government incentives such as the Inflation Reduction Act in the U.S. bolster domestic production. The market faces challenges from critical-mineral supply bottlenecks, despite efforts to refine processing and diversify battery chemistries.
In other market news, Mazda Motor was trading firmly up 12% and ending the day at ¥1,358, not far from its 52-week high. This week, Mazda announced a significant swing to a net loss for the nine months ending December 31, 2025. In the meantime, Suzhou Dongshan Precision Manufacturing lagged, down 6.1% to end the day at CN¥72.33.
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