tes conventional parts have up to five components but its newer ev parts have up to 50 components the supplier also now buys tonnes of aluminium which is lighter and cheaper than copper to make up portions of those larger parts in the older part of the woert factory machines spit out 16 connectors for fossil fuel cars a second in the new building more complex and costly machines some supplied by germanys manz crank out larger copper connectors with welded alloy springs for ev charge ports at a far slower pace te also makes a large connector here that sits atop an ev battery module an ev has up to 12 modules and serves as its brain measuring each battery cells performance while a tiny semiconductor measures their temperature the new facility in woert can make 2 million such connectors a year but demand continues to soar were going to need more said matthias lechner tes head of europe middle east and africa adding that te planned to manufacture more at a plant in hungary and elsewhere graphic on the rise lechner who describes te as humble and hidden says its connectors can reduce ev charging time by 10 minutes an edge carmakers can sell to consumers ceo curtin says evs and selfdriving cars will double the value of the parts te supplies from about 70 now for the average fossil fuel car that means the payoff could be huge evs almost doubled their global share of vehicle sales to 6 in 2021 according to research group jato dynamics and that share is only set to rise europes auto supplier market will grow to 330 billion euros 359 billion in 2030 from 216 billion now driven by software evs and electronics mckinsey estimates as firms tackle chip bottlenecks and cost pressure while investing in growth were observing a double transformation mckinsey partner timo moeller said tes woert site employs 2200 people and is adding more engineers and technicians as well as different machines to make connectors for data in selfdriving cars because unlike ev parts tiny connections are better for moving data te has three auto parts factories in germany and another five across europe worldwide it has 29 factories dedicated to its automotive business morningstars kerwin said te faces the same risks as others in a cyclical business such as the auto industry but he said te had a sticky relationship with customers and has embedded engineers with carmakers to develop products for vehicles in an electric age the writing is on the wall that you have to play into electrification if you want to succeed kerwin saidalso readmercedes to continue ev investments despite ukraine war disruptionsola kaellenius speaking during the companys opening of its first us electric vehicle ev battery factory also affirmed the companys 2022 financial outlook remained in place despite the conflictsee more detailsbentley to roll out one electric car annually for five years from 2025carmakers globally are doubling down on