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Driving investments

Liqui Moly announced the expansion of its EV product portfolio for vehicles with Battery Coolant EV 200. The new Battery Coolant EV 200, acts as a thermal manager. The range between 15-40-degree Centigrade is ideal for lithium-ion batteries. “Thermal management is extremely important because it has an impact on the range,” states David Kaiser, Head of R&D at Liqui Moly. With the thermal management system, a distinction is made between direct and indirect battery cooling. This indirect system is more complex, as the vehicle batteries are becoming increasingly powerful and therefore significantly hotter.

The investments will be dictated by the call to reduce diesel and gasoline engines as the transition takes place. In recent times, resource allocation has ensured the development of liquid cooling systems, catering to high-performance bikes on the lower end of the spectrum and commercial vehicles on the upper end. The liquid-cooled solutions category is expected to dominate the revenue shares. Going forward, it is also expected to witness technical advancements. Liquid coolants are used in internal combustion engines in cars to control heat. The fluid stops the cooling system from degrading by eliminating the engine’s surplus heat and minimizing long-term harm to the motor. In the upcoming years, it is also projected that technical developments made by important players in the liquidcooled engine would lead to abundant growth prospects.

Asia-Pacific is said to be a leading market, globally. It could well drive the demand expected to remain during the period of projection. The cyclical upturn and the growing impetus on higher compliances in India and China will be the drivers of this demand. While India registers a quick growth rate, China is known to dominate the market share after Europe known to command the second-largest market share for automotive engine cooling systems. The critics of Euro7 are known to oppose the mandate owing to the cost-benefit analysis that is claimed to have led to the realisation of a disproportionate spend required offering a lower value addition for the stakeholders involved. Despite being deemed in recession, the German automotive engine cooling system market is expected to significantly contribute over the long term. On the emobility front, the UK could well have a large-scale local battery manufacturing plant if the recent speculations come good. This could be a boost for large scale localisation of new cooling solutions. ACI