duction-related carbon emissions (Scopes 1 and 2) by 75% by 2030 (2018 baseline). Cut absolute Scope 3 emissions from purchased goods and services, upstream transport and distribution, and the use of sold products by 25% by 2023 (2021 baseline). -(From a press release dated July 13, 2023)    R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 -Commercial Vehicle Systems 292 306....

Major Suppliers  Updated at: 2025/06/24

ompany’s sustainability goals, specifically in reducing Scope 2 emissions by 25% and indirectly covering 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 Activit...

Major Suppliers  Updated at: 2025/06/17

s will lead to improved earnings performance. The ambition is to lift the EBIT margin to at least 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 technic...

Major Suppliers  Updated at: 2025/06/06

conflicts—particularly due to U.S. tariffs. These conditions are leading manufacturers to change their production plans, lengthening the lifespan of combustion-engine models, delaying electrification plans, reducing production forecasts, and postponing new launches with uncertain returns.   R&D Expenditure  (in EUR millions)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Expense 118.2 136.3 118.5 % of ...

Major Suppliers  Updated at: 2025/06/05

four different degrees of stiffness depending on the driving situation. The system also uses body and wheel acceleration sensors to provide individual damper control on each axle, adjusting based on driver inputs, road conditions, and road surface. (From a press release on March 19, 2024)   R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 604.4 603.6 576.8    R&D ...

Major Suppliers  Updated at: 2025/06/03

ived the Q1 quality certification from Ford for the second time. The award was first presented to the plant in São Bernardo do Campo in 2018. The certification has now been extended to KOSTAL Cravinhos following the relocation of the production process. (From a press release dated January 1, 2024) R&D Expenditure -The Company invests more than EUR 200 million annually in research and development. Investment Activities Expanded production plant i...

Major Suppliers  Updated at: 2025/06/03

look -For the fiscal year ending December 31, 2025, the Company’s sales are expected to increase by 25% to 30%, reaching approximately EUR 12,189 to 12,676 million. Sales in the Power Systems division are expected to remain stable at around the previous year's 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 50...

Major Suppliers  Updated at: 2025/06/03

tion GmbH’s activities in Hameln and will try to sell the plant. The Steinhagen location, which produces spherical plain bearings, has explored options for its future. As part of synergies from the merger with Vitesco, the measures will mainly affect the functional areas, central departments, and R&D operations at the Company’s Regensburg and Herzogenaurach locations. Regensburg will become the HQ of Powertrain Solutions within the Powertrain...

Major Suppliers  Updated at: 2025/06/02

of vehicle applications and powertrains, including battery electric, combustion, and hybrid vehicles. (From a press release dated November 26, 2024) Outlook -The Company expects 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 sal...

Major Suppliers  Updated at: 2025/06/02

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 sales. T...

Major Suppliers  Updated at: 2025/06/02

s to remain roughly at the same level as in 2024, with an EBIT margin in the mid-single-digit range. The Company projects above-average growth in the Life Sciences & Environment division, albeit still at a lower level, while the Transportation 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  -Th...

Major Suppliers  Updated at: 2025/06/02

pe 2) by 50%, as well as Scope 3 emissions by 25%. By 2038, it targets a 70% reduction in GHG emissions per production unit for Scopes 1 and 2 and a 45% reduction for Scope 3.   Technological Alliance -Kautex Textron, Germany, collaborates with the Company as a technological assistant company for R&D, manufacturing, and unique functional component part supply. Thanks to Kautex’s technological assistance, the Company’s subsidiary, AAPICO Pla...

Major Suppliers  Updated at: 2025/05/30

ix, which led to a reduced contribution margin that was insufficient to cover structural costs. Higher personnel expenses and price increases further impacted results, even though raw material costs declined. Other negative factors included increased distribution and administrative expenses, higher R&D costs, and greater depreciation of property, plant, and equipment. Although the company implemented additional adjustment measures, such as cost r...

Major Suppliers  Updated at: 2025/05/29

nnounced a memorandum of understanding (MoU) between Hutchinson China and the National Innovation Centre par Excellence (“NICE”). NICE is a technology Hub coordinating cooperation among 80 research institutes in the Yangtze Delta region in China. The objective of the MoU is to explore potential R&D collaboration in various areas of common interests for both organizations like polymers and advanced materials, automation and process technologie...

Major Suppliers  Updated at: 2025/05/29

Group will lead to a significant decline in sales for the Powertrain Solutions Division. -The Company expects a significant increase in the Electrification Solutions division's sales in 2024 in light of the numerous project ramp-ups and increasing electrification of the global vehicle fleet.   R&D Expenditure (in million EUR)   FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Powertrain Solutions division 401.9 316.9 Electrificatio...

Major Suppliers  Updated at: 2025/05/29

a custom-designed pod and antenna with advanced chips and materials, will enable full traceability of each tire throughout its lifecycle, including details on manufacturing, storage, distribution, installation, replacement, and refurbishment. Both companies has partnered since 2019. After years of R&D development and months of reliability tests, the result is an exceptionally durable and reliable connected tire, capable of functioning for up to ...

Major Suppliers  Updated at: 2025/05/27

ted July 30, 2024) Financial targets -By 2026, the Company expects to generate sales between EUR 3.8 billion to EUR 4.2 billion at a constant currency (based on 2022 average rates) and return to a double-digit Adjusted EBIT margin. It also aims to receive sales of more than EUR 4.5 billion by 2030. R&D Facilities -As of December 31, 2024, the Company has 14 engineering centers globally, including 5 e-Mobility Innovation Centers (EMICs). e-Mobilit...

Major Suppliers  Updated at: 2025/05/23

td.'s second quarter results (cumulative) Daido Metal Co., Ltd.'s first quarter results Manufacturing Facilities in Japan (Automotive bearing metal) Facility Location Main Products Inuyama Site Aichi Pref. Plant for Automobile Engine Bearings, Non-Automobile Bearings, Material of Bearings and R&D base Gifu Plant Gifu Pref. Plant for Automobile Bearings (excl. engine)   Major Subsidiaries and Affiliates (Automotive bearing metal) Co...

Major Suppliers  Updated at: 2025/05/20

e vehicles. Going forward, the two companies will jointly advance the formulation and promotion of national standards for battery swapping technology, as well as compatibility between batteries across brands and models. They will jointly establish a lifecycle closed loop that encompasses “battery R&D, battery swapping services, battery asset management, cascade utilization, and material recycling” to help the entire NEV industrial chain reduc...

Major Suppliers  Updated at: 2025/05/19

gthen business base in Japan KSS adds safety platform with connected camera, event recording technology KSS expanding active safety portfolio with Mobileye's technology Takata's external committee selects Key Safety Systems as potential sponsor KSS Automotive Active Safety System (Suzhou) opens new R&D center Takata facing tough negotiations on restructuring plan Takata prepares to apply for Civil Rehabilitation Law on June 26 Key Safety Systems ...

Major Suppliers  Updated at: 2025/05/17