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New trends and developments in global automotive industry versus COVID-19

Economic events
New trends and developments in global automotive industry versus COVID-19

The COVID-19 epidemic has had a significant impact on the functioning of many important sectors of the global economy, such as the automotive industry, among others. In addition to short-term negative effects such as disrupted supply chains and slowed production, the pandemic has also resulted in some long-term and, counterintuitively, even positive changes in some of the automotive industry’s development directions.

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Production of batteries for electric cars is growing at an express pace

Electric cars, Economic events
Production of batteries for electric cars is growing at an express pace

Although the era of lithium-ion batteries began only in the 1990s, they have already managed to revolutionize not only the small electronics segment, but also the transport and energy sector. The technology is evolving at an ever-increasing pace, and all indications are that modern lithium-ion batteries will soon be powering the development of many strategic areas of modern industry, with the automotive industry at the forefront.

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