n's Czech and U.S. condenser businesses and started business with Japanese automakers. Sales for the fiscal year ending December 31, 2024 were KRW 9.998 billion. Operating income was KRW 95 million. Trends in battery thermal management: In January 2025, the Hankook & Company Group completed its acquisition of Hanon Systems, a South Korean manufacturer of thermal management systems. On January 3, 2025, tire maker Hankook Tire & Technology, a s...

Market & Tech Reports  Updated at: 2026/03/30

lier, producing both systems and mechanical components. The "Active Safety System" division, which includes brakes, is headquartered in its North American headquarters in Livonia, Michigan, USA. 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: 2026/03/24

Anritsu Corporation (Anritsu): Power analyzer, regenerative hybrid power supply Anritsu is known for its high-frequency measuring and testing equipment such as spectrum analyzers, but in recent years it has been strengthening its power electronics and mobility-related business through mergers and acquisitions. Dewetron GmbH (Dewetron) is a manufacturer of power measuring instruments headquartered in Austria. Anritsu acquired all of the company...

Market & Tech Reports  Updated at: 2026/03/10

0 (Geely became the first company in the world to receive this certification in June 2025), which is related to the safety of AI algorithms. Infosys: System development support   Infosys Limited (Infosys) is an India-based IT company that originally developed software for banking systems. With the acquisition of InTech GmbH, an engineering company in Munich, Germany, in April 2024, Infosys has grown to cover the entire V-shaped development proce...

Market & Tech Reports  Updated at: 2026/03/06

025, the Chinese Ministry of Industry and Information Technology (MIIT) and four other government offices released the Notice on the Implementation of a Campaign to Promote NEVs in Rural Areas in 2025 to stimulate demand for NEVs in county and rural markets through a synergistic effect with vehicle acquisition tax reductions and trade-in policies. In June 2025, the Chinese Ministry of Commerce published the Notice on the Implementation of NEV Con...

Market & Tech Reports  Updated at: 2026/02/19

ant" was the first large-scale model product of a foreign company to be approved and released in China. On December 9, the company announced a partnership with Momenta to develop an L4 Robotaxi service based on the all-new S-Class. Mercedes-Benz (Shanghai) Digital Technology Co., Ltd. completed the acquisition of a 3% stake in smart mobility company Chongqing Qianli Technology Co., Ltd. on December 25. Toyota   According to multiple press releas...

Market & Tech Reports  Updated at: 2026/02/09

tomated positioning system has set a global standard for wireless EV charging.   In 2023, Mahle secured two major orders worth nearly EUR 1.5 billion for its new thermal management module, which enhances vehicle efficiency and boosts electric car range by up to 20 percent. The year also saw strong acquisition activity, with new orders exceeding EUR 10.5 billion, and an increased investment in research and development to EUR 673 million, resultin...

Market & Tech Reports  Updated at: 2025/12/09

Two types of belts are currently in use: metal push belts and metal multi-link chains. CVT belt suppliers List of CVT belt suppliers The table can be scrolled left and right. Belt supplier Structure Main applicable CVTsCVT Remarks Bosch Transmission Technology 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: 2025/12/08

in unchanged, but the Kentucky (2025 → 2026) and North Carolina (established in 2025, final production in 2030, 30GWh) battery plants will remain focused on HEV battery production for the time being. Procurement from LG's Michigan plant is scheduled to begin in 2026.   While Toyota completed the acquisition of PEVE as a wholly owned subsidiary to secure batteries in Japan, construction of a new battery plant in Fukuoka was postponed six months...

Market & Tech Reports  Updated at: 2025/12/01

▶ Recent trends With more than 500 locations across 40 countries and almost 150,000 employees, FORVIA is a top ten global automotive supplier. The Company’s sales for the fiscal year ended December 31, 2024, totalled EUR 26,974.2 million, a decrease of 1.0% from the previous year. Following the acquisition of Hella on January 31, 2022, the company is organized into the following six business units: Seating Develops and manufactures comple...

Market & Tech Reports  Updated at: 2025/11/20

g five major product bases in the Northeast, North, East, South, and Southwest China regions, as well as building 66 production sites in rapid succession.   Other facilities: The company has promoted global resource allocation and established offices in America, Mexico and Europe. In addition, the acquisition of the German company ABC Umformtechnik GmbH & Co. KG accelerated the pace of internationalization. Please refer to “Section VII. Detail...

Market & Tech Reports  Updated at: 2025/11/18

Region was in talks with automakers such as FAW about building an electric vehicle assembly facility. According to information from the State Administration for Market Regulation, in late September FAW acquired a 35.8% stake in ADAS supplier Shenzhen Zhuoyu Technology Co., Ltd. (ZYT), and after the acquisition, it is expected to jointly operate the company with its previous largest shareholder. Dongfeng Motor    In early July, the company annou...

Market & Tech Reports  Updated at: 2025/11/11

ice linking with Sony Corporation's aibo pet robot in November 2020 and with the services of IFTTT Inc. in March 2021. New orders in 2021 reached EUR 2.6 billion, driven by Japanese and Chinese carmakers, Stellantis and others, achieving management targets. The parent company Faurecia completed the acquisition of Hella GmbH & Co. KGaA (Hella) in January 2022 and created a new integrated group "Forvia". The integration of the two companies' electr...

Market & Tech Reports  Updated at: 2025/11/11

enberg Sealing Technologies displayed two new solutions from its expanded DIAvent venting portfolio.   Regarding battery pack and cell technologies, Schaeffler displayed updates to its all-solid-state battery design, with new active and passive battery module versions. Lyten highlighted its recent acquisition of Northvolt’s assets by showing Northvolt’s prismatic lithium-ion NMC cells. Amprius hosted a product showcase session featuring its ...

Market & Tech Reports  Updated at: 2025/11/07

ion, and TELUS has been working in Japan for 7 or 8 years. There are about 14 engineers in Japan, and they are developing their business with Tier 1s as their main customers. TELUS AI-powered annotation   TELUS has strengths in annotation, which is essential for AD and ADAS, due to its acquisition of Lionbridge AI, which provides data annotation services, in 2020. Using a proprietary AI training platform called Ground Truth Studio, t...

Market & Tech Reports  Updated at: 2025/10/28

phase-stabilized ammonium nitrate propellant), the company filed for bankruptcy protection to restructure and all Takata assets and businesses were acquired by Key Safety Systems (KSS), and renamed as Joyson Safety Systems. Also, the industry's landscape changed dramatically with events such as the acquisition of the U.S.-based TRW Automotive by Germany's ZF in May 2015.   New entrants include Austria-based iSi Automotive GmbH, established in 19...

Market & Tech Reports  Updated at: 2025/10/27

ier of lighting products for automobiles and motorcycles including LED/HID headlamps, AFS/ADB, rear lamps, and high-mounted stop lamps. Affiliation: Honda's investment share is 11.22% (as of March 31, 2025). Supply status: Honda, Mazda, Toyota, Nissan, Mitsubishi, Suzuki, Daihatsu Recent Trends Acquisition of 90% of the shares of Hella's Philippine subsidiary, November 2019: The company acquired 90% of the shares of Hella-Phil, Inc., a Philip...

Market & Tech Reports  Updated at: 2025/10/20

Boshoku Hirose Corporation on April 1, 2023. At the same time, Toyota Boshoku acquired an 80% stake in Toyota Boshoku Hirose Corporation and made it a subsidiary. The remaining 20% of the shares are held by Aisin Shiroki Corporation. The new company is expected to have 900 employees at the time of acquisition, and will manufacture seat recliners, seat slides, and other products. Toyota Boshoku will acquire the commercial rights to the seat frame...

Market & Tech Reports  Updated at: 2025/09/27

products (MCU) by establishing an integrated development system from software system requirements to unit design/evaluation and system evaluation. In May 2020, to increase ECU development resources for automotive components in North America, Canadian JTEKT subsidiary Koyo Canada Inc. announced the acquisition of Halifax R&D, an ECU development facility owned by KSR International. Halifax R&D has a track record of developing H-EPS MCUs (Motor Con...

Market & Tech Reports  Updated at: 2025/09/18

cs, Motorsports, and Aftermarket. The lighting business is handled by the Automotive Lighting & Sensing business unit. Automotive Lighting was established as a 50:50 joint venture between Magneti Marelli S.p.A. of Italy and Robert Bosch GmbH (Bosch) of Germany in 1999. With Magneti Marelli’s 2003 acquisition of the major Italian rear lamp supplier Seima, Automotive Lighting was made a wholly-owned subsidiary. In 2019, the holding company of the...

Market & Tech Reports  Updated at: 2025/09/09