oration's Czech and U.S. condenser businesses and started business with Japanese automakers. Sales for the fiscal year ending December 31, 2023 were KRW 9.559 billion. Operating income was KRW 59 million. Trends in battery thermal management: In January 2025, Hankook & Company Group completed the acquisition of Hanon Systems, a South Korean manufacturer of thermal management systems. Hankook Tire & Technology Co., Ltd., a tire manufacturer unde...

Market & Tech Reports  Updated at: 2025/07/08

systems grew. ・AI introduced to improve the efficiency of in-vehicle software development. Also collaborated with NTT Data Group Corporation and FPT Corporation for software development and human resource training. 3 5 Magna International Inc. 42,836 42,797 ・New programs, price hikes, and the acquisition of Veoneer, Inc. led to an increase in revenues.・ Acquired HE System Electronic GmbH (now Magna Power Modules Veitsbronn (MPMV), a manuf...

Market & Tech Reports  Updated at: 2025/07/02

uiser 250. For PET bottles collected in-house, the company says it has seen a reduction in rejected items due to contamination from cigarette ash and other substances, and a 6.4% increase in yield.     Skill transfer using digital technology (DX for sealer application and arc welding technique acquisition): Toyota   Toyota Motor Corporation also exhibited a display of digitally-assisted sealer application and arc welding skills transfer. Wh...

Market & Tech Reports  Updated at: 2025/06/24

tschland GmbH. In June 2022, the company established its first manufacturing facility for automobile production equipment in Europe. The company acquired a German automobile production equipment maker, and its main customers are European automobile manufacturers such as Germany's Mercedes-Benz. The acquisition will be used as an opportunity to locally produce equipment that meets the specifications of European manufacturers, which will lead to in...

Market & Tech Reports  Updated at: 2025/06/19

of 230 kW and a maximum torque of 1340 Nm and a large torque converter prototype developed by EXEDY, as well as a conceptual model under consideration. In the conceptual model, the maximum output of the motor would be reduced to 150 to 180 kW with high gears.   In August 2024, EXEDY announced the acquisition of shares in Kawamata Seiki Co., Ltd., a Toshiba Group company that manufactures industrial motors and motors for xEVs, and the acquisitio...

Market & Tech Reports  Updated at: 2025/06/16

nd overseas production subsidiaries from Aisin Seiki, allowing ADVICS to consolidate its production, sales and development functions to strengthen its competitiveness. In April 2018, the company acquired a third-party allocation of new shares issued by Hosei Brake, and the company has completed its acquisition of Hosei Brake as a wholly-owned consolidated subsidiary. Its shares were held by ADVICS 50.1%, Aisin Seiki 26.5%, and Toyota Motor Corpor...

Market & Tech Reports  Updated at: 2025/05/29

the pre-silicon phase and will serve as a foundation for the widespread use of automotive RISC-V microcontrollers. Through partner solutions, customers can expedite development and significantly reduce time to market.   (Reference report) Embedded World 2025: AI and SDV Solutions (May 2025)   The acquisition of the business of Marvell Technology, Inc. (Marvell), a leader in the automotive Ethernet market, announced in April, will also expand In...

Market & Tech Reports  Updated at: 2025/05/22

iSi Automotive GmbH, established in 1995, and Korea-based SNT Motiv Co., Ltd., originally a defense equipment manufacturer, both of which mainly supply products for the Volkswagen Group.   Thus, there have been major changes in the airbag market globally over the past few years due to mergers and acquisitions among the top suppliers and the rise of emerging players.   At present, Autoliv, Joyson Safety Systems, and Japan-based Toyoda Gosei Co....

Market & Tech Reports  Updated at: 2025/04/24

tware co-design, which is a principle already employed in consumer electronics and increasingly critical for automotive innovation. Efficiency and performance as seen in smartphones can only be achieved when silicon is custom designed to support the software it runs.   Skills, Culture, and Talent acquisition   Mr. Asmus concluded his presentation that developing cutting-edge automotive software isn't just technological change—it’s also abo...

Market & Tech Reports  Updated at: 2025/04/22

ips and industrial equipment ZF Electrified Powertrain Technologies (Hangzhou) Co., Ltd. Hangzhou City, Zhejiang Province Gear manufacturing, motors, e-Axles History The company acquired Sachs in 2001 and TRW in 2015 to strengthen its Active & Passive Safety Technology business. In 2020, the acquisition of WABCO, a major chassis control company, was completed and a new division, Commercial Vehicle Control Systems, was created. In January 2...

Market & Tech Reports  Updated at: 2025/04/15

nce 2019 and which “merges classical image processing algorithms with AI methods to create a complete understanding of a scene”. The company’s exhibition booth demonstrated that the company based in Stuttgart clearly intends to migrate from an object level with classification towards AI-based acquisition and processing. The idea is to use AI-based perception as a general basis.   The company also emphasized the huge role generative AI will...

Market & Tech Reports  Updated at: 2025/03/21

ronics is a company under the umbrella of ZF Friedrichshafen, engaged in the business of safety devices such as brakes and seat belts and the business of electronic control systems such as ADAS. ZF of Germany’s brake business originated from the former U.S.-based TRW Automotive. German-based ZF's acquisition of U.S.-based TRW was finalized in May 2015 and what was formerly TRW Automotive became the newly-formed ZF Friedrichshafen AG's Active & ...

Market & Tech Reports  Updated at: 2025/03/21

t development, marketing, and ecosystem services. In February 2025, Deepal also signed an agreement with Huawei to strengthen a comprehensive business partnership. The company said it would promote the application of intelligent technologies such as Qiankun (Smart Driving) and Harmony (Cockpit). Acquisition of shares in Huawei subsidiary Changan announced that in August 2024, Avatr Technology (Chongqing) Co., Ltd. (Avatr) invested CNY 11.5 bil...

Market & Tech Reports  Updated at: 2025/03/12

12.6% to 5,000 units. Click here to see NEV sales trends in 2024.   On June 20, 2023, the Chinese Ministry of Finance, the General Administration of Taxation, and the Ministry of Industry and Information Technology jointly issued the "Public Notice on the Extension and Optimization of the Vehicle Acquisition Tax Exemption Policy for New Energy Vehicles". NEVs purchased between January 1, 2024 and December 31, 2025 are exempt from the vehicle pu...

Market & Tech Reports  Updated at: 2025/02/19

ssenger car sales outside China totaling 417,000 units in 2024.   The major overseas trends for 2024 are as follows: European Market   BYD is still expanding its sales in the European market despite the obstacles posed by the EU's anti-subsidy tax policies. In Hungary, the company announced the acquisition of land and the construction of its first NEV plant in Europe. In addition, the company entered markets such as the UK, Spain, and Greece,...

Market & Tech Reports  Updated at: 2025/02/18

se through alliances with major automakers (including a joint venture with BYD). The company expects to generate USD 4 billion in electric vehicle-related revenues by 2025. BorgWarner has strengthened its competitiveness in the electric drive systems and inverter fields through such measures as the acquisition of Eldor's electric hybrid systems business. The company's long-term strategy also includes achieving carbon neutrality, and the company a...

Market & Tech Reports  Updated at: 2024/11/28

ity, but its application is now being expanded to high output engines. Two types of belts are currently in use: metal push belts and metal multi-link chains.   CVT belt suppliers Belt supplier Structure Main applicable CVTs Remarks Bosch Transmission Technology BV Metal push belt JATCO 1995: Acquisition of Van Doorne's Transmissie (VDT).2009: Company name changed to Bosch Transmission Technology BV. CVTEC Co., Ltd. (Aisin 66.6%, Toyota 3...

Market & Tech Reports  Updated at: 2024/11/21

s SDVs evolve, the differentiating value will shift to providing "experiences" in combination with cloud services and data utilization. Aeris Communications As a cloud service for the automotive industry based on the IoT communication infrastructure, this presentation outlines approaches for data acquisition and service management on both the cloud and in-vehicle sides, with a view to using data platforms to evolve ADAS and expanding future mon...

Market & Tech Reports  Updated at: 2024/11/11

-Pace o LR Range Rover o Mercedes-Benz S-Class o Porsche Macan, Panamera o Volkswagen ID.4 o   FORVIA SE (FORVIA faurecia) ▶ Recent trends With more than 500 locations across 38 countries and almost 153,500 employees, FORVIA is a top ten global automotive supplier. Following the acquisition of Hella on January 31, 2022, the company is organized into the following six business units: Seating Develops and manufactures complet...

Market & Tech Reports  Updated at: 2024/10/31

and data models for the development and testing of entire vehicles, a non-competitive area within the automotive industry, and they are used especially for measurement, calibration, simulation and test automation. Many tools are compliant with ASAM standards. In addition, the ASAM-ODS (Storage and Acquisition of Measurement Data) standard is used as the standard for the data management infrastructure of all major automobile manufacturers, and AS...

Market & Tech Reports  Updated at: 2024/10/22