China is expected to become the world’s largest 3D printing market and the adoption of the technology in the automobile sector will help reduce costs

3D printing technology in China’s auto sector to reduce costs

Staff Reporter

2014-03-02

China is expected to become the world’s largest 3D printing market and the adoption of the technology in the automobile sector will help reduce costs, according to the website of the Chinese-language China Securities Journal.

With the Chinese government’s policy of supporting advanced technologies, the China 3D Printing Technology Industry Alliance projects that the local market will grow ten-fold to 10 billion yuan (US$1.62 billion) in 2016 from 2012, which will make China the largest 3D printing market, currently in the United States, the alliance said.

One of the latest developments of 3D printing technology, the website said, was the announcement made by US-based Local Motor, which plans to deliver its first 3D-printed electric vehicle in September.

According to the company, it will build the vehicle and hand it over to the Association for Manufacturing Technology at the International Manufacturing Technology Show 2014 to be held from Sep. 8 to 13 in Chicago.

“The finished vehicle will be used as an example of how sustainable green technologies can reduce life-cycle energy and greenhouse gas emissions, enable lower production costs and create new products and opportunities for high paying jobs,” Local Motors said in a statement released on Feb. 20.

The website report also said that 3D printing technology will allow manufacturers to assemble a car in just a few days once the design is complete.

A Chinese auto sector analyst added that 3D printing technology can help reduce production time and costs, since it can replace the existing process of building modules to produce components.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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