Troy, MI (October 1, 2020) – STAMPING Journal and SIMPAC America, North American subsidiary of South Korea’s SIMPAC Inc., inform readers about the batteries, stamped parts, and press equipment needed to produce electric vehicles within the article, “EVs are poised to force change across stamping industry.”

“Simply put, as the market becomes more cost-friendly, and Millennials and Generation Z account for a greater purchasing power, the demand for EVs will increase significantly – despite common speculation,” explains Stephan Robertson, General Manager/VP of Sales & Operations at SIMPAC America.

Read the full article here to discover new EV market insights and determine the effectiveness and profitability of purchasing cold, hot, or specialty presses for the production of EV parts.