Investment by DUBAL Holding as a key player in the EV supply chain
Investing to grow the electric vehicle market.
As society starts to rely less on fossil fuels and seek green alternatives, electric vehicles are becoming increasingly important.
That’s evident in the fact EV global sales rose 43% in 2020, even as the pandemic shrunk the overall vehicle market. Already one in 20 cars is electric – by 2030, that’s expected to be one in three. Meeting this demand cascades down the supply chain.
That’s why DUBAL Holding now has a 60% stake in OSE Industries LLC.
This UAE-based aluminium extrusion company specialises in products for the electric vehicle market, the solar power industry, plus the growing demand for aluminium rolled tubes in the HVAC sector. We believe they will be a key player in driving this future forward.