Corporation)'s first quarter results Recent Developments (Panasonic Automotive Systems) Aiming to achieve growth in SDV and automotive interior space businesses-Major Items Growth scenario based on effective use of interior space and supported by SDVs. Improved efficiency of R&D activities and production operations based on digital transformation/integration. Initial public offering (IPO) targeted for 2029: Additional financing/funding (Det...

Major Suppliers  Updated at: 2025/08/13

supplying a substantial portion of Plug’s demand for catalysts, membranes, and catalyst-coated membranes (CCM). Both companies will also jointly invest in what is expected to be the largest (5GW scaling to 10GW over time) CCM manufacturing facility in the world, which will be built in the US with production planned to start in 2025. Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generat...

Major Suppliers  Updated at: 2025/08/06

developments in the automotive segment＞１. Compressors Invest in automatic products that offer excellent performance in terms of low magnetic-noise and quietness, destined for Europe and China. Strengthen organization to increase capabilities in stages through making minimum investments in unit production in terms of fixed-capacity, adjustable capacity, and automation. ２. Engines Diesel Engines Respond to the deep-rooted demand especiall...

Major Suppliers  Updated at: 2025/08/04

llion. This was a JPY 7.8 billion increase over the previous year's JPY 788.9 billion.-The main reason for this was the weak valuation of the yen. -Sales from the automotive business were 401.7 billion yen, a 1.7% decrease YoY, accounting for approximately 50% of the company’s total sales.-Global production of automobiles decreased year on year. While revenue increased in the Americas due to a recovery in automobile sales, revenue decreased in ...

Major Suppliers  Updated at: 2025/08/04

reased by 3.1% at constant currency, including the contribution of the Cascade Engineering Europe acquisition. The increase was driven by strong sales growth in fuel tanks and delivery systems. In the second half of 2024, demand for thermal products for EVs also increased as customers ramped up BEV production ahead of 2025 European CO2 emissions standards. 3) Sales in Asia Pacific-Sales in the Company's Asia Pacific for the fiscal year ended Dece...

Major Suppliers  Updated at: 2025/07/31

ss unit is the global market leader in interior systems and modules. The Company is among market leaders across multiple automotive electronic market segments including radars, voltage converters, sensors, displays, and in-vehicle infotainment systems. The Company is the global market leader in the production of ultra-low emissions (ULE) systems for thermal vehicles The Company is among the top three suppliers globally for automotive lighting sol...

Major Suppliers  Updated at: 2025/07/29

supplies brakes, steering systems, airbags, lamps, etc. to global OEMs in addition to Hyundai/Kia. -In the fiscal year ended on December 31, 2024, sales to Hyundai and Kia accounted for 41.2% and 34.9% of total sales, respectively.-In addition to its domestic Korean facilities, the Company operates production facilities in China, India, Indonesia, Hungary, the Czech Republic, Slovakia, Turkey, Mexico, U.S., Russia, Brazil and Spain.-On November 1...

Major Suppliers  Updated at: 2025/07/29

ure fuel tanks, fuel cell stacks and integrated systems -As of February 1, 2025, the Company continued its restructuring activities, combining the Exterior and Lighting business groups into a single business group called Exterior & Lighting.-The Company is the global leader in the development and production of fuel systems with a market share of 22%. Annually, the Company produces approximately 22 million bumpers, 3 million tailgates and spoile...

Major Suppliers  Updated at: 2025/07/29

's social media updates on July 30, 2024) -KOSTAL Brazil has received 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 a...

Major Suppliers  Updated at: 2025/07/29

hare of First Sensor Manz receives follow up order from TE connectivity for battery assembly line Manz AG receives follow-up order from TE Connectivity for e-mobility Morocco signs eight investment agreements with automotive suppliers CEATEC 2022 to start at Makuhari Messe TE Connectivity to expand production facility in Suzhou TE Connectivity launches next generation of charging cables and inlets TE Connectivity to acquire the Kissling Group Tyc...

Major Suppliers  Updated at: 2025/07/29

actors 1) Net Sales-The Company's overall net sales for the fiscal year ended December 31, 2024, slightly decreased by 0.8% from the previous year to USD 10,390 million. Excluding negative currency translation effects of 1.2%, the organic sales increased by 0.4% compared to the global light vehicle production (LVP) decrease of 1.2%. This increase was driven by new product launches and higher prices, partly offset by negative customer and model mi...

Major Suppliers  Updated at: 2025/07/29

motive OEM Division sales-Sales in the Company’s Automotive Technologies division in the fiscal year ended December 31, 2024 totaled EUR 6,955 million, a decrease of 1.1% from the previous year. Excluding currency effects, sales decreased by 0.1%. The decline in sales was due to decreased vehicle production from a weaker automotive environment during the year. Despite the weaker automotive environment, individual business divisions in the Autom...

Major Suppliers  Updated at: 2025/07/29

and included into the Automotive group sector as a whole. In addition, the Contract Manufacturing sector consolidated the manufacturing of products by the Company for Vitesco Technologies until its completed merger with the Schaeffler Group on October 1, 2024. As such, the operational separation of production will continue to be promoted while the volume of contract manufacturing operations will continue to be reduced. As of December 31, 2024, th...

Major Suppliers  Updated at: 2025/07/29

ecember 31, 2024, decreased slightly by 0.7% from the previous year to EUR 55,793 million. Excluding currency exchange rate effects, sales increased slightly by 0.2%. The business sector fell short of its forecast growth of 7 to 9%. The decrease in its sales was due to the global decline in vehicle production, especially in Europe. In addition, growth in strategic areas such as electromobility and automated driving fell significantly short of int...

Major Suppliers  Updated at: 2025/07/29

cts its capital expenditures to be approximately USD 950 million for the fiscal year ending December 31, 2025. Investment outside the U.S. -The Company announced that it is expanding and modernizing its Napanee, Ontario, plant to meet the diverse needs of the EV and all-terrain markets, and boost production capacity to 2 million tires per year. The Company began construction on its expansion earlier in 2024, which it expects to complete by the ...

Major Suppliers  Updated at: 2025/07/28

Orin Xpeng First sedan "P7" makes global debut with automated driving powered by NVIDIA DRIVE Jaguar Land Rover Starting from 2025, all new models will feature the NVIDIA DRIVE software platform Polestar The Polestar 3, the brand's first SUV, centralized compute of the NVIDIA DRIVE platform BYD Uses NVIDIA DRIVE Hyperion computing architecture for next-generation new energy vehicles, starting in the first half of 2023 Suppliers Bosch ...

Major Suppliers  Updated at: 2025/07/28

8% of the Company’s consolidated net sales in the fiscal year ended December 31, 2024.-In 2024, the Company was the leading producer of automatic-dimming rearview mirrors in the world, holding approximately an 86% market share for the automotive market.-The Company estimates that it has an annual production capacity of 42 to 45 million interior mirror units and 19 to 22 million exterior mirror units. In 2024, the Company shipped 29.9 million in...

Major Suppliers  Updated at: 2025/07/28

g company.   Harman introduces SMS and email integration from smartphone to dashboard Harman supplies navigation system for Mercedes-Benz Harman develops surround technology for Ferrari FF Harman wins contract from VW Group to supply infotainment system Harman to supply audio systems for BYD E6 electric vehicle Harman to supply audio systems for Geely Emgrand EC8 Harman to supply audio systems for BYD and Daimler joint venture Harman t...

Major Suppliers  Updated at: 2025/07/28

to an affiliate of Balmoral Funds LLC for USD 165 million. Honeywell, to sell its automotive on-board (AoB) sensor products business to Sensata Technologies Sensata Technologies of U.S. acquires First Technology Automotive and Special Products (FTAS) Sensata Technologies of U.S. to begin sensor production in China Sensata Technologies acquires Wabash Technologies Sensata Technologies develops new Cylinder Pressure Sensor Sensata Technologies ...

Major Suppliers  Updated at: 2025/07/28

designs, manufactures, sells and supports electrified power systems including fully electric and hybrid systems. It also designs and manufactures battery modules, packs and systems for commercial, industrial and material handling applications. The segment designs, manufactures and supports hydrogen production solutions. -Of the Company’s five business segments, the Engine segment, Components segment and Accelera Segment supply products to the ...

Major Suppliers  Updated at: 2025/07/28