The trend towards lightweight construction has helped materials such as aluminum and plastic to become established in the automotive industry, and they will remain legitimate alternatives to steel during the shift from the combustion engine to the electric motor. Even so, in the growing global industrial sector of electromobility, demand for steel is predicted to remain high or even to increase. This is the conclusion of a study by the German Handelsblatt Research Institute (HRI), commissioned by voestalpine. The development of innovative high- and ultra-high-tensile steel grades also secures the long-term future of steel in the automotive industry, because not only is the material both lightweight and tough, it is also easy to process, can be recycled, and is cost-efficient. Therefore, with its unique combination of materials expertise and processing competence, the technology group voestalpine is also excellently equipped to meet the future demands of the automotive industry, while with its comprehensive expertise it can actively help shape the future of electromobility.
The first half of the business year 2018/19 had started on a solid economic footing for the voestalpine Group, but the business year’s third quarter was already affected by a dampening of economic sentiment overall. For example, by rising prices for raw materials and energy; the first palpable negative effects from the global trade conflicts; and not least the growing escalation of the conflict surrounding Great Britain’s exit from the EU.
With three exciting races outside Europe, the 2018/19 season of the ABB FIA Formula E Championship has already started. The official countdown to the “voestalpine European Races” has now begun, with a pit stop at the voestalpine Stahlwelt in Linz. During the warm-up at the Group’s headquarters, Formula E driver Maximilian Günther, currently one of the greatest talents in motorsport with Austrian roots, and voestalpine CEO Wolfgang Eder together revealed voestalpine’s brand new FIA Formula E Gen2 car. voestalpine supplies all premium automotive manufacturers with high-quality electrical steel and components for e-motors as well as ultralight body parts from its site in Linz.