The Spanish Company Stamping Its Way Into Electric Cars
- Gestamp got head start with early technology move: chairman
- Lower-weight parts are ‘opportunity’ as industry transforms
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Gestamp Automocion SA will be largely insulated from the car industry’s high investment costs to develop electric autos after taking steps years ago to produce the large, lightweight metal parts the vehicles need, Chairman Francisco Riberas said.
Gestamp’s leadership in hot-stamping technology already enables it to supply lower-weight steel body structures and chassis that help automakers grapple with ways to meet tightening emissions rules and develop battery-powered models, Riberas said in an interview. The company’s research is focused on making ever-lighter parts to help both conventional and electric cars use less energy to travel.