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Furthermore, the shift towards shared mobility solutions presents both challenges and opportunities for OEMs. Car-sharing and ride-hailing services are gaining traction, compelling traditional manufacturers to rethink their business models. Collaborations with technology firms to integrate services and offer seamless mobility solutions are becoming more common.

3. Material Selection The type of metal used can significantly affect the performance of the final part. Common materials include stainless steel, aluminum, brass, and copper. The selection often depends on the application's requirements, such as corrosion resistance, strength, and conductivity.