Here's a look at Gigacasting and how the innovation is forcing automakers to scramble to match Tesla:WHAT IS GIGACASTING?
The Giga Press is an aluminium die-casting machine adopted by Tesla at its factories in the U.S., China and Germany.
The house-sized machines are able to produce aluminium parts far bigger than anything used before in auto manufacturing.
Toyota said it expected that using aluminium die-casting would eliminate dozens of sheet metal parts from assembly and reduce waste.
The global aluminium die-casting market was worth almost $73 billion last year and is projected to top $126 billion by 2032, showed an AlixPartners analysis.
Persons:
Matthew Childs, Tesla, Elon Musk, Zeekr, Kevin Krolicki, Christopher Cushing
Organizations:
REUTERS, Toyota, Giga Press, EVs, WHO, Industries, Buhler Group, HK, General Motors, Hyundai Motor, Volvo, EV, Thomson
Locations:
London, Britain, U.S, China, Germany, Italy, Europe, Japan, Gothenburg, Sweden