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The global automotive industry market is undergoing significant transformation, driven by the rapid adoption of electric vehicles (EVs), advancements in autonomous driving technologies, and the increasing demand for connected and smart vehicles. Traditional internal combustion engine vehicles are being complemented by EVs and hybrids as automakers respond to stringent environmental regulations and the growing focus on reducing carbon emissions. Technological innovations, such as advanced driver-assistance systems (ADAS), vehicle-to-everything (V2X) communication, and artificial intelligence.
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