s, and are increasingly relying on local suppliers, posing significant challenges for the Company in the Chinese market. -On April 23, 2023, the Company revealed its goal to increase sales in China to over EUR 2 billion by 2027, with at least one-third of this business expected to come from Chinese OEMs. R&D Expenditures -The Company's R&D expenditure in the fiscal year ended December 31, 2024, was EUR 496.8 million, representing 6.4% of total sa...

Major Suppliers  Updated at: 2025/05/28

s forces with Michelin to drive further growth in A.T.U (Auto-Teile-Unger) CFAO and Michelin team-up to market tires in Kenya and Uganda Monroe Fric-Rot, Michelin sign strategic alliance in Argentina Michelin X multi energy tire fuel saving for regional transport Michelin Thailand to boost sales in OEM market Thai tire industry on high competition Michelin produces new Primacy 4 high performance tire in Brazil Michelin to close Dundee site in UK ...

Major Suppliers  Updated at: 2025/05/27

ards. 3) Sales in Asia Pacific-Sales in the Company's Asia Pacific for the fiscal year ended December 31, 2024, declined by 7.7% at constant currency. Excluding China, sales in the region were broadly flat at constant currency. Sales in China declined but it slightly outperformed the drop in Global OEM production, particularly in Q4/2024, as sales continued to ramp up on the Company's 2023 and 2024 launches with local OEMs. 4) Sales in Americas-S...

Major Suppliers  Updated at: 2025/05/23

tions, turnkey solutions like HMI Test Automation Equipment and end-to-end IoT Testing, and verification and evaluation of concepts and prototypes. Bosch HMI and Basemark can help the automotive industry to make advances in the existing user interfaces making it future-proof. Subsequently, offering OEMs a vantage point in delivering intuitive experiences, enhanced safety features, contextualized UI/UX, and more. (Based on Basemark press release o...

Major Suppliers  Updated at: 2025/05/23

ucks 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 Qingling Motors Co., Ltd. (From a ...

Major Suppliers  Updated at: 2025/05/19

Joyson to acquire KSS for USD 920 million KSS acquires majority stake in Korea-based ImageNext KSS opens fire suppression test lab in Italy Ningbo Joyson Electronic completes acquisition of KSS KSS to establish new technical center in India KSS starts producing Active Body Panels for major European OEM Chinese-owned Key Safety Systems plans bid for Takata KSS opens new office in Brazil Key Safety Systems to strengthen business base in Japan KSS a...

Major Suppliers  Updated at: 2025/05/17

reinforces the Company’s commitment to expanding its thermal management business. The Company acquired its first shares in MAHLE Behr in 2010 and gradually increased its share to over 75%. With this acquisition, the Company has fully integrated this business unit into the Group. Divestitures Sold OEM thermostat business to ADMETOS -The Company has completed the sale of its OEM thermostat business to the industrial and investment holding firm A...

Major Suppliers  Updated at: 2025/05/15

ative light carpet in China HELLA and the MINTH, China announce JV for radomes and illuminated logos HELLA announces long-term program to improve competitiveness HELLA provides driver assistance functions for Suzuki Swift and Swift Sport HELLA to produce integrated lighting system for a Chinese EV OEM Hella announces new global software house Hella acquires FWB Kunststofftechnik for plastic components EU clears creation of a joint venture betwe...

Major Suppliers  Updated at: 2025/05/15

er models. It will also supply front and rear bumpers for the Honda Prologue. The Lighting division will supply headlamps and bodyshells for Peugeot 2008 as well as un-named EV produced in Mexico. The Company won front-end module business for the Mercedes Benz EQA and EQB and the Skoda Scala. Major OEM awarded business for fuel systems include the Porsche 911, Nissan Armada, Chevrolet Traverse, GMC Acadia, Buick Enclave, and Cadillac XT models. (...

Major Suppliers  Updated at: 2025/05/14

t Corp. release on February 27, 2018) Grupo Antolin announced that it will invest EUR 360 million in 2018, 8% more compared to 2017. The company is also expanding its industrial operations in USA, China and other important markets in order to carry out all the product launches as a key supplier for OEM’s. For the second consecutive year, Grupo Antolin investment exceeded EUR 300 million. The company has launched the largest investment plan in i...

Major Suppliers  Updated at: 2025/05/13

m the previous year. Sales in the Power Division decreased while the Brain and Light Divisions’ sales increased. The decrease in sales was primarily driven by the high-voltage electric powertrain business, which was weighed down by lower production levels at certain European EV platforms. Organic OEM sales decreased by 2%, while organic aftermarket sales increased by 4% and organic miscellaneous sales grew by 19% compared to the previous year....

Major Suppliers  Updated at: 2025/05/12

y Microservices and vehicle container architecture components, to enhance its vehicle safety and comfort applications. Due to the underlying cloud-native architecture, the Company’s ADAS applications are now mostly hardware independent, lower in maintenance costs, and continuously integrated into OEM value chains. The project involved the Company’s surround-view technology used to help drivers park their vehicles. All functions of the Company...

Major Suppliers  Updated at: 2025/05/09

ies Financial Overview (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 Rate of Change (%) Factors Overall Sales 18,188 16,313 11.5 1) EBIT 294 834 (64.7) 2) Automotive Technologies division Sales 6,955 7,035 (1.1) 3) EBIT 215 211 1.9 4) Sales of Automotive OEM Division's business units E-Mobility 1,452 1,302 11.5 - Engine & Transmission Systems 5,054 5,263 (4.0) - Chassis Systems 449 470 (4.5) - ...

Major Suppliers  Updated at: 2025/05/09

0.9 2) -HPS 177.2 168.1 5.4 3) -Steering columns 440.2 379.4 16.0 4) Driveline system 771.3 798.5 (3.4) 5) Factors1) Net Sales-The Company’s revenue in the fiscal year ended December 31, 2024, increased by 1.6% over the previous year to USD 4,276.1 million, despite a decrease in global OEM light vehicle production. The increase in revenue was driven by the ongoing benefit from the launch of new and conquest programs over the past few...

Major Suppliers  Updated at: 2025/05/08

rocess the high-quality scrap and reintroduce it into the production cycle, laying the groundwork for a circular economy. (From a press release dated July 3, 2024) Opting for Salzgitter Flachstahl’s low-emission steel -The Company has inked an agreement with Salzgitter Flachstahl GmbH to supply OEMs with low-emissions steel components. This collaboration is in line with the Company’s circular economy strategy that contributes to the decarbo...

Major Suppliers  Updated at: 2025/05/08

amera with improved deep learning performance Renesas Electronics develops advanced safety onboard processor that balances performance and efficiency Renesas and LUPA, Germany announce open front camera solution Recovery from fire at Renesas Electronics semiconductor plant to take a month Japanese OEMs concerned with long-term semiconductor shortages from fire at Renesas Electronics plant Fire at Renesas Electronics Naka Factory affects semicond...

Major Suppliers  Updated at: 2025/05/07

motive Components India Pvt. Ltd., Ranjangaon (near Pune) Apr. 2008 Acquired a Swiss manufacturer of thermal and acoustic shielding systems SEVEX AG, based in Sevelen. May 2008 Increased its stake in Japanese gasket manufacturer Marusan Corporation, Tokyo, from 10 % to 50 %. 2011 Acquired the OEM cylinder head and exhaust gasket business from Freudenberg Group. Completed the acquisition of a 66.7 % interest in the Hug Group, a Swiss exhau...

Major Suppliers  Updated at: 2025/05/06

unch in H2/2025. Contracts GKN Automotive division-In the fiscal year ended December 31, 2024, the Company's GKN Automotive division won new contracts worth more than GBP 4.8 billion in lifetime revenue, with 40% related to electric or full hybrid platforms. The orders cover a broad range of global OEMs, and Chinese OEMs, including a 3-in-1 eDrive system for a major Chinese OEM through its joint venture Shanghai GKN HUAYU Driveline Systems Co., L...

Major Suppliers  Updated at: 2025/05/03

nction and a rear light with two light guides, equipped with one LY5 for the turn signal and one LR5 for the tail/brake light function. The two parts together define the style of the rear combination light and the light on the trunk. The company has already received the first commitment from a U.S. OEM to integrate its new product into series production. (From a press release dated February 21, 2025) Ningbo Fuerda Smartech Co., Ltd. has selected ...

Major Suppliers  Updated at: 2025/05/01

ber 31, 2024, were CAD 5,014.1 million, a decrease of 6.1% from the previous year. The decrease was mainly driven by decreases in sales across all operating segments.2) North America-Sales in the Company’s North America operating segment decreased by 5.8% due to a decrease in tooling sales, lower OEM production volumes on certain platforms (including the Jeep Grand Cherokee and Wagoneer, Mercedes-Benz' new EV platform (EVA2), the Ford Mustang M...

Major Suppliers  Updated at: 2025/04/28