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Europe EV Cables Market and Compal's Factory Plans
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Europe's EV Cables market is projected to witness a 15.2% CAGR, driven by increased usage of electric vehicles, government initiatives, and technological advancements. Germany currently dominates the market, while other countries like the UK and France also show significant growth. Meanwhile, Compal Electronics plans to establish its first automotive electronics factory in Europe to diversify its supply chain and mitigate geopolitical risks.
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How might the expansion of Compal's presence in Mexico and the evaluation of European locations for the new plant influence the global automotive supply chain?
How might the projected growth in Europe's EV Cables market impact the adoption of electric vehicles across the continent?
What are the potential geopolitical implications of Compal's decision to establish a factory in Europe?
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