According to the Nihon Keizai Shimbun report, Nippon Steel Corporation and Kobe Steel have each developed titanium alloys for automobiles and have begun to develop related businesses.
Nippon Steel aims to use titanium alloys in parts such as exhaust mufflers and engine valves. Kobe Steel has succeeded in mass production of titanium alloy wires, and will begin to provide samples to automakers in the near future.
In addition, Nippon Steel and Kobe Steel are jointly developing low-cost manufacturing technologies for titanium alloys. If this technology can be applied in the field of automotive materials, the mass production effect will prompt the price of titanium alloys to continue to decline, thereby accelerating the popularity of titanium alloys.
Titanium is characterized by light weight and high strength, but it is difficult to process parts. At present, it is only used in aircraft engines and other fields.