n the Purem by Eberspacher division. However, the Company expects the adjusted EBIT to improve again in 2024. R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 40.2 55.9 51.6   R&D Facilities-The Company has research and development facilities in the following locations: Esslingen, Germany Hermsdorf, Germany Herxheim, Germany Renningen, Germany Landau, Germany Cluj-Na...

Major Suppliers  Updated at: 2025/06/26

l Vehicle Systems division slightly declined in the fiscal year ended December 31, 2024, to EUR 292 million. The division’s R&D activities focused on the megatrends of road safety, automated driving, emission reduction, e-mobility, and connectivity. R&D Facilities -The most important research and development centers are located as below: Munich and Schwieberdingen (Germany) Budapest (Hungary) Elyria and Watertown (USA) Suzhou (China) Pune (In...

Major Suppliers  Updated at: 2025/06/24

overing most of its European electricity consumption. This project is set to generate around 90 GWh annually for 15 years, commencing in September 2025. (From a press release dated November 12, 2024) R&D Facilities -As of December 28, 2024, the Company has a total of nine engineering, research and development locations across the world. R&D Activities Joining fka and DVN’s consortium on LiDAR test methodology in adverse conditions-The Company ...

Major Suppliers  Updated at: 2025/06/17

ast 8.5 % bringing the Company in line with best-in-class suppliers to the automotive industry. It will target revenue above EUR 1.01 billion. -(Based on Kongsberg Automotive press release on May 12,2024) R&D Structure -As of December 31, 2024, the Company has 307 engineers working in research and development. R&D Facilities -The Company has six technical centers located in the U.S., Canada, Germany, Norway, Sweden, and China. Product Developmen...

Major Suppliers  Updated at: 2025/06/06

Grupo Antolin-Irausa, S.A. Spain Cristina Blanco (CEO) -The Company is a global leader in the design, development, manufacturing and supply of automotive interior components and systems.-As of December 31, 2024, the company organizes its activities around two business segments as follows: Business Segment Activities Product market share (reported by Company, based on sales in 2024) 1. Product Systems Headliners -Headliner substrates, modul...

Major Suppliers  Updated at: 2025/06/05

ansformation to BEVs, more intense competition, market share losses of Western OEMs, and supply chain disruptions. Adjusted for inflation, sales of passenger car solutions, particularly air springs in North America, grew, while commercial vehicle solutions declined due to portfolio measures. Recent Developments Carbon neutrality targets-The Company aims to reduce its CO2 emissions to zero by the year 2045, mainly through energy conservation, elec...

Major Suppliers  Updated at: 2025/06/03

and electrical systems for the automotive industry Industrial Electronics Focuses on drive, electronic and photovoltaic systems for markets outside the automotive industry Connectors Develops and manufactures plug connector systems for the automotive industry Solar Electric Specializes in the development of inverters and storage for photovoltaic systems SOMA Test Technology Provides test and automation systems for mechatronic and electron...

Major Suppliers  Updated at: 2025/06/03

level (2024: EUR 2,038 million). R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Power Systems 177 179 174 Total 502 374 351   R&D Structure -As of December 31, 2024, the Company has 4,816 employees working in research and development, including 873 in the Power Systems division. R&D Activities EUR 7.7 million subsidies received for hydrogen and electrification projects...

Major Suppliers  Updated at: 2025/06/03

-The Company’s EBIT in the fiscal year ended December 31, 2024 totaled of EUR 294 million, a decrease of 64.7% compared to earnings of EUR 834 million in the previous year. Despite an increase in gross profit, the Company’s earnings decreased due to increases in expenses, including research and development expenses, selling and administrative expenses, other expenses, and losses from equity-accounted investees.3) Automotive OEM Division sales...

Major Suppliers  Updated at: 2025/06/02

that its net sales in the fiscal year ending December 31, 2025, will be between USD 2.7 billion and USD 2.8 billion. R&D Expenditures  (in million USD)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 82.8 84.1 80.5 % of sales 3.0 3.0 3.2   Product Development FlexiCore, new eco body seal-The Company further expanded its portfolio with a new and improved sustainable vehicle Flex iCore Thermoplast...

Major Suppliers  Updated at: 2025/06/02

ated with Joyson Safety Systems to create new vehicle seating design solutions focusing on comfort and advanced safety. The partnership will combine Joyson Safety Systems’ expertise in restraint systems, including airbags and seatbelts, with the Company’s and Brose Sitech’s seating design and development knowledge. It aims to meet shifting market demands to set new industry standards. The companies will develop seats with enhanced reclining...

Major Suppliers  Updated at: 2025/06/02

nsportation division is expected to remain stable year-on-year. R&D Expenditure   (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 128.3 117.9 114.3  -The Company aims to invest approximately 4% of its sales every year in research and development. R&D Facilities -The flagship location for the Company’s research and development activities is its Technology Center in Ludwigsburg, G...

Major Suppliers  Updated at: 2025/06/02

th Taiwan-based Lemtech Holdings Co., Ltd. The issued share capital of this new JV company, AAPICO Lemtech (Thailand) Co. Ltd, is 40 million baht, approximately 1.3 million USD, with AAPICO Hitech and Lemtech having 60:40 shareholdings respectively. The JV company will be principally engaged in the development, manufacture, assembly, sales of automotive, electronic and computer parts in Thailand and overseas. The factory for these products will b...

Major Suppliers  Updated at: 2025/05/30

pany will start enhancing cooperation between its plants in Asia excluding China and India. Its organizational structure has been vertically divided by region or business division until now, but the Company will review its business structure to allow the improvement of production efficiency and the development of human resources across the Asian region. This move is part of its effort to adapt to industry shifts such as the transition to electric...

Major Suppliers  Updated at: 2025/05/29

Hutchinson S.A. France Helene Moreau-Leroy (Chairman and CEO) -The Company is a global leader in the development and manufacture of elastomer processing for use in vibration control, fluid management, sealing technologies, and transmission systems. It serves automotive, truck, bus, aerospace, defense, industrial, rail, and energy markets.-The Company’s operations are divided into six business segments: Acoustics and Vibration Sealings Fluid Tr...

Major Suppliers  Updated at: 2025/05/29

facilities worldwide. This merger will also lead to revenue and cost synergies with an envisaged EBIT impact of EUR 600 million annually. The full synergy potential is expected to be reached for the first time in 2029. Business overview of formerly Vitesco Technologies -The Company focuses on the development and manufacturing of components and system solutions for powertrains of passenger and commercial vehicles. It provides systems and compone...

Major Suppliers  Updated at: 2025/05/29

unique modelling systems for tires to simulate the most extreme situations. These patented and encryption-protected algorithms are the most advanced in the world, allowing the Company to make major progress in virtual research. At the same time, the Company has also spearheaded a virtual industrial development program to define and optimize its production process. (From a press release dated October 17, 2024) Three specific 19-inch tires Alpin...

Major Suppliers  Updated at: 2025/05/27

orth American automakers to develop thermal management systems for hybrid, plug-in hybrid and battery electric vehicles. The new 48,000-square-foot facility brings together virtual engineering, designing, processing, prototyping, product testing, and vehicle testing under one roof. This reduces the development time for prototype thermal management components and systems from six months to as little as two weeks. It also can achieve system-weight ...

Major Suppliers  Updated at: 2025/05/23

engine bearings 100.0 NDC Co., Ltd. Chiba Pref., Japan Manufacture and sales of automotive bearings 58.8 Iino Manufacturing Co.,Ltd. Tokyo, Japan Manufacture and sales of Automobiles, Motorcycles, General Purpose Machines 100.0 ATA Casting Technology Japan, Co., Ltd. Tokyo, Japan Research and Development of Aluminium Die Cast Automotive Parts 100.0 Daido Precision Metal (Suzhou) Co., Ltd. Suzhou, China Automotive engine bearings 90.2 II...

Major Suppliers  Updated at: 2025/05/20

nges of featured light-duty trucks by 20%, with its 140E variant delivering a range comparable to a 168kWh battery. The product comes with long-term warranty for battery, motor, and electronic control systems to guarantee long-term and efficient operation. Furthermore, CATL Synland forged strategic development partnerships with OEMs including FAW Jiefang Qingdao Automotive Co., Ltd., Shaanxi Automobile Group Commercial Vehicle Co., Ltd., and Qing...

Major Suppliers  Updated at: 2025/05/19