gies, shifting government policies and changes in market share, the Company has taken measures to both reduce costs and improve its position within the sector. In 2024, the Company restructured or consolidated more than 40 of its divisions to increase productivity and reduce costs. The Company also launched 64 Factory of the Future initiatives, resulting in more than 400 implementations across the Company’s production plants to enhance producti...

Major Suppliers  Updated at: 2025/04/25

ing EV maker for PHEV -The Company has been selected by a leading EV manufacturer to supply a unique ELocker differential system for use on a new plug-in electric hybrid (PHEV) SUV. Unlike traditional PHEVs, which use an e-motor and internal combustion engine to power all the drive wheels, the new model uses an e-motor to power the rear wheels and an e-motor or an optional ICE driving the front wheels. The Company's ELocker differential features...

Major Suppliers  Updated at: 2025/04/23

e software platforms-DevOps tools -Bosch-Continental-Denso-Harman International-Hyundai Mobis-LG Electronics-Magna-Panasonic-Valeo-Visteon-ZF -The Company is listed on the New York Stock Exchange.  Advanced Safety-Next-Generation ADAS platform-Sensor fusion software-Software-based environmental model-Next-generation forward-facing radars-Corner radars-Side radars-Active safety domain controller-Satellite Architecture-Forward facing radar-Shor...

Major Suppliers  Updated at: 2025/04/23

uring group sectors into a standalone, independent entity. The spin-off of the Automotive sector will enable the new entity to have increased transparency and agility, while also providing new opportunities for partnerships and investments. The spin-off will operate under a new brand, which will be launched by April 2025. The spin off is expected to be complete by the end of 2025, with the new resulting company listed on the Frankfurt Stock Excha...

Major Suppliers  Updated at: 2025/04/22

1) Net Sales-Organic sales during the fiscal year ended December 31, 2024 declined by approximately 4%, or USD 408 million due to the decline in global construction, mining, and agricultural equipment markets. This loss was partially offset by a new full-frame light-truck customer program that had launched for a full year. Sales also declined by USD 49 million due to negative foreign currency translation effects. Regionally, organic sales in Nor...

Major Suppliers  Updated at: 2025/04/02

illion -The Company plans to spend a total of JPY 39,000 million, mainly on the automotive-parts business in the fiscal year that ended in March 2025. New equipment installation plan  (As of Mar. 31, 2024) Plant Location Type of facility Estimated amount of investment(in JPY million) Launch date Scheduled date of completion Headquarters/Headquarters Plant Aichi Pref.,Japan Facilities to produce, assemble, and test switches and el...

Major Suppliers  Updated at: 2025/01/20

updates about new Tech Centre at Chakan, Pune Gabriel India developing suspension systems for electric vehicles Inalfa Gabriel Sunroof Systems plans expansion to Northern and Western India Gabriel India to acquire assets of Marelli Motherson Auto Suspension Parts Gabrial India updates about its new launches and future developements Gabriel India begins commercial production at new Pune facility SAF-HOLLAND acquires remaining 40% share in its join...

Major Suppliers  Updated at: 2025/01/16

he company participated in the 2023 Supplier Conference of DFM Nano (Dongfeng Motor Nano Technology Co., Ltd.). At the event, DFM Nano signed procurement contracts with suppliers such as Xiangyang Automobile Bearing, which will install its bearings including drive shafts and hub units in the S31 EV model under DFM Nano. (From a press release dated March 28, 2023) R&D Expenditure     FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY en...

Major Suppliers  Updated at: 2025/01/03

l increase production by consolidating production operations and increase sales to OMEs by enhancing its product range as well. Also, by making use of its production development expertise, it hopes to be an interior-space creator by 2030. Toyota Boshoku makes Toyota Auto Body Seiko a subsidiary and launches Toyota Boshoku Seiko-Toyota Boshoku Corporation (Toyota Boshoku) announced that it acquired the shares of Toyota Auto Body Seiko Co., Ltd. (...

Major Suppliers  Updated at: 2024/12/24

n investigated seven auto parts suppliers Mitsubishi Electric establishes power module production joint venture in Anhui, China Mitsubishi Electric aims to achieve 1.3 trillion yen sales in smart grid business in FY 2015 Mitsubishi Electric develops in-vehicle battery charger Mitsubishi Electric to launch 600V high-voltage IC for automotive applications Mitsubishi Electric develops EV motor system with built-in inverter Mitsubishi Electric and Vo...

Major Suppliers  Updated at: 2024/12/24

nd technical center in Southfield. (MEDC press release on October 24, 2023) 〈Mexico〉Guanajuato Puerto Interior Plant Expansion-Production of air conditioners, radiators, alternators, wiper systems, delivering them to Toyota, Honda, Ford, GM, Chrysler, Nissan, Volkswagen, etc.   Timing of launch Details Third expansion October 2022 -Investment amount: USD 9.8 million‐18,000 sq. meters of building-200 new employees(from an October 26...

Major Suppliers  Updated at: 2024/12/24

was worsening due to stiff, price competition in the Chinese market. As a result the Company revised it strategy. In October, the company announced a shift in strategy to prioritize profitability by shifting the focus of shipments from China to Europe and Japan and limiting orders for unprofitable models. -Nidec will review its business plan related to e-axles for electric vehicles (EV). In the fall of 2023, Nidec switched its policy to emphasiz...

Major Suppliers  Updated at: 2024/12/24

nvesting in growth segments, and allocating additional shareholder returns. Migrating to a total labor force of 3,000 based on reskilling and other measures by 2025. 〈Growth Strategies〉 eAxle: Add the "Xin1" to the product lineup, which will be the third generation (which is scheduled to be launched in 2027). It integrates various technologies for size reduction, thermal management, packaging of tailored components, and integrated control...

Major Suppliers  Updated at: 2024/12/24

cal year ended March 31, 2024, an increase of 18.2% over the previous year. Businesses in the segment supporting the automotive industry recorded an increase in sales of 12.9% due to recovery of automotive production volumes and increased content per vehicle. Business strategy Vision 2025-SAMIL has launched sixth five-year plan.  Revenues of USD 36 Billion in FY2024-25 with 40% ROCE (consolidated) 3CX10: No country, customer or component should...

Major Suppliers  Updated at: 2024/12/12

USD 3 million to USD 6 million over the next 12 to 18 months in one or more tranches.-The first business for this facility is an order for the supply of inner and outer ball joints to a leading automotive tier-1 for an upcoming electric vehicle platform of an American OEM. The program is slated for launch in 2025 with a peak annual sales value of INR 800 million. RACM has a further INR 2.5 billion of opportunities under discussion for the North A...

Major Suppliers  Updated at: 2024/12/10

the potential to contribute to greater operational efficiency and safety by simplifying warehouse inventory management and making it easier to check when tires were manufactured, mounted on vehicles, serviced and more. (From a press release dated February 28, 2023) Contracts Product Installed models Dunlop SP SPORT MAXX 060 Toyota Alphard, Vellfire, Lexus RZ, LC, LBX Dunlop SP SPORT MAXX GT600 Nissan Skyline Nismo Dunlop ENASAVE ...

Major Suppliers  Updated at: 2024/11/21

mmercial Vehicle Technology Division, creating the new Commercial Vehicle Solutions Division. WABCO signs its largest ever Fleet Management Solutions contract with Girteka Logistics WABCO extends strategic cooperation agreement with Sinotruk WABCO wins USD 745 million in new business WABCO India launches Intelligent Trailer Program WABCO locates its Americas Headquarters in Auburn Hills, Michigan WABCO acquires stake in Nikola Motor Company W...

Major Suppliers  Updated at: 2024/11/12

to promote internal cost reduction and efficiency improvement, process optimization and other work, effectively improved manufacturing capabilities, reduced unit costs, and increased product gross profit margin year-over-year, driving the company's performance to grow steadily.-In 2023, the company launched 136 new projects, of which 58 projects involved automotive electronic control system products. The company began production of 93 new project...

Major Suppliers  Updated at: 2024/10/29

ca Kumho Tire celebrates completion of new plant in Georgia, U.S. Kumho Tire, Yokohama Rubber in talks to produce Yokohama-brand tires at Nanjing Kumho Tire Kumho Tire to construct new plant in Georgia, U.S. Doublestar Group’s subsidiary to buy shares in Kumho Tire for KRW 646.3 billion Kumho to launch four brand new products Kumho Tire to supply OE tires for VW Atlas Kumho Tire named supplier for VW Atlas SUV built in Chattanooga, Tennessee K...

Major Suppliers  Updated at: 2024/10/11

recasts 126.8 billion yen in sales at automotive brakes business Nisshinbo Brake increasing capacity to make friction materials in China Nisshinbo Brake aiming to establish optimum global procurement system Nisshinbo to expand sales of electric double layer capacitor targeting commercial production models HELLA Pagid to supply disc brake pads for Tesla models JRC Mobility sets sales target of JPY 30 billion for 2025 Nisshinbo Holdings to establis...

Major Suppliers  Updated at: 2024/09/24