lymer Composite Solutions business. Global Tire Market -In 2023, the Company was the largest tire manufacturer in the world with a 14.4% global market share.-The size of the global tire market in 2023 was over USD 190 billion. Light vehicle tires accounted for approximately 60% of the total market value while truck tires accounted for approximately 30%. In terms of volume, the market sold more than 1.6 billion car and light truck tires and appro...

Major Suppliers  Updated at: 2025/05/23

The Company plans to cut 500 more jobs in the electronic control unit division by 2025. This will affect administration and development jobs at locations in Ansbach, Reutlingen, Salzgitter, and Schwieberdingen. The Company said the market for electronic control devices is strongly price-driven. The value chain is also changing. Car manufacturers developed the electronic architectures more themselves and had the hardware produced by contract manuf...

Major Suppliers  Updated at: 2025/05/23

for high-efficiency logistics scenarios. The company is committed to providing electric chassis with long range, long-term warranty, fast charging, and high overload capacity. The Kunshi chassis adopts the innovative “1+3+1” architecture composed of the Qiankun architecture, the Tianqing power chain, and multi-source heat pump intelligent temperature control technology to extend the ranges of featured light-duty trucks by 20%, with its 140E ...

Major Suppliers  Updated at: 2025/05/19

ety Systems, Inc. (Key Safety Systems), a U.S.-based manufacturer of automotive safety parts like airbags, told the Nikkan Jidosha Shimbun that the company will start seriously considering building a Japanese plant. Luo said, "We would like to establish a plant in Japan within three years' time. We value Japan as an important market, and will expand investment." Key Safety Systems has offered financial help to Takata Corporation, which is in a pr...

Major Suppliers  Updated at: 2025/05/17

oration  -The Company’s subsidiary, MAHLE Behr GmbH & Co. KG, and Hella GmbH & Co. KGaA (FORVIA HELLA) completed the sale of their 50:50 joint venture Behr-Hella Thermocontrol (BHTC) to AUO Corporation. The parties had signed an agreement to sell the shares on October 2, 2023, with an enterprise value of EUR 600 million. BHTC, headquartered in Lippstadt (Germany), is a leader in the field of climate control and a specialist in HMI (Human-Machi...

Major Suppliers  Updated at: 2025/05/15

50:50 joint venture with MAHLE Behr GmbH & Co. KG, a subsidiary of Mahle GmbH (MAHLE) Buyer AUO Corporation Price EUR 600 million Details -MAHLE and the Company have signed an agreement to sell their 50:50 joint venture Behr-Hella Thermocontrol (BHTC) to AUO Corporation with an enterprise value of EUR 600 million. This announcement followed the constructive discussions between MAHLE and the Company regarding the future positioning and d...

Major Suppliers  Updated at: 2025/05/15

ith DSK to form DIPO in Russia to manufacture fuel systems. Formed a joint venture with Beijing Hainachuan Automotive Parts Co Ltd. (BHAP) in China. 2013 Opened new R&D center in Venette, France. Jul. 2016 Completed the acquisition of the Faurecia's Exterior Systems business for an enterprise value of EUR 665 million. Mar. 2017 Sold seven European sites to US-based Flex-N-Gate Group. Jun. 2017 Sold its truck composites business to the G...

Major Suppliers  Updated at: 2025/05/14

ent and Innovation (CDTI), supported by the “Next Generation EU” funds in 2022. With a budget of EUR 4.4 million and aid granted of EUR 2.6 million, it aligns with the evolution towards Industry 4.0 and 5.0 are based on digitization process, data flow construction, and secure data sharing among value chain agents. In the Company’s role, the demonstrator project is part of a process of plastic parts injection, as well as assembly and shippin...

Major Suppliers  Updated at: 2025/05/13

nd cut costs. (From an article in the Nikkan Jidosha Shimbun on November 27, 2024) Gapwaves Radar antennas-The Company and Gapwaves entered into an agreement for the development and large-scale serial production of waveguide radar antennas for ADAS applications. The contract has an expected sales value of mid-range double-digit million EUR over approximately 10 years. In the joint development, Gapwaves supports the Company with its antenna tech...

Major Suppliers  Updated at: 2025/05/12

croservices 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’s...

Major Suppliers  Updated at: 2025/05/09

e control system Cam shifting systems Mechanical switchable tappets Hydraulic switchable tappets Switchable finger followers Switchable pivot elements Switchable roller tappets Switchable valves Oil control valves Valve-lash adjustment elements -Camshaft phasing systems Camshaft phasing units for chain drives Camshaft phasing units for belt drives Solenoid valves Electromechanical camshaft phasing unit -Chain and belt drive systems Primary dr...

Major Suppliers  Updated at: 2025/05/09

e steering columns business from its US site in Saginaw, Michigan to its Mexico site in Juarez remains on schedule, with completion now expected by 2025, earlier than initially planned. This transition is expected to improve profit margins via larger scale and more competitive production and supply chain costs. Recently development Holding REPS project launch meeting with SGMW-The Company held the first REPS (rack-assist electric power steering) ...

Major Suppliers  Updated at: 2025/05/08

sion 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 decarbonization of the automotive industry across the entire supply chain and supports the long-term goal of the Net Zero Car. It will rely on Salzgitter Flachstahl’s SALCOS process (Salzgitter Low CO2 Steelmaking), ...

Major Suppliers  Updated at: 2025/05/08

share of 44%. By specific product groups, the Company has a global market share of 45% in seatbelts, and 44% in airbags and steering wheels.-In June 2021, the Company announced its commitment to becoming carbon neutral in its own operations by 2030 and achieving net-zero emissions across its supply chain by 2040, becoming the first automotive safety supplier to commit to these goals. Competitors -Ashimori Industry-FinDreams Technology-Hyundai Mob...

Major Suppliers  Updated at: 2025/05/07

ctronics plant in Guangzhou ZF Dongfeng sees its Phase II plant completed and X-Link chassis modules roll off production line ZF forms strategic partnership with FAWSN Group for seat security solutions Largest ZF airbag manufacturing site in Asia-Pacific completed in Wuhan ZF participates in supply chain innovative tech show organized by FAW Group ZF signs agreement to upgrade auto brake product line in Wuhan ZF starts producing upgraded OnGuardM...

Major Suppliers  Updated at: 2025/05/07

medium-sized vehicle serves to demonstrate energy efficiency equivalent to the fuel consumption of 2.5 l/100 km gasoline in a C/D medium-sized vehicle, zero CO2 emissions and range more than 500 km. Another central motivation for this project was to contribute to the creation of a national/European value added chain for fuel cell technology. AVL press release ElringKlinger and Plastic Omnium announced a joint venture EKPO Fuel Cell Technologies d...

Major Suppliers  Updated at: 2025/05/06

V or propulsion-agnostic products Business Partnership Collaboration with First Phosphate on LFP cathode active material development   -GKN Hoeganaes, a division of the Company’s GKN Powder Metallurgy, announced a strategic collaboration with First Phosphate to establish a North American supply chain for lithium iron phosphate (LFP) batteries used in EV and energy storage systems. This partnership builds on GKN Hoeganaes’ integration of Fir...

Major Suppliers  Updated at: 2025/05/03

2) High Performance Solutions (HPS) sales-Sales of the Company’s HPS segment in the fiscal year ended December 31, 2024, were EUR 9,840 million, a decrease of 2.4% from the previous year. Sales in the segment's Mobility business decreased by 2.2% YoY, but the business gained market share on high-value-added models thanks to its differentiation and investments in innovation. It also benefited from productivity gains, particularly with the optim...

Major Suppliers  Updated at: 2025/05/01

launched the EVIYOS HD 25 gen2, a new version of its EVIYOS multipixel LED, enhancing Adaptive Driving Beam (ADB) headlamps. The EVIYOS HD 25 gen2 provides a minimum brightness of 85 MNits and reduced stray light emission, improving night driving and safety. It also benefits from a resilient supply chain supported by in-house capabilities. The LED can also be used to project symbols and pictures on the road for car-to-environment communication.(...

Major Suppliers  Updated at: 2025/05/01

aphene Martinrea invests USD 40 million to expand operations in Springfield, Tennessee Martinrea investing USD 31 million to expand plant in Hopkinsville, Kentucky Martinrea International outlines Martinrea Innovation Development operation Martinrea, ThinkData, Palantir partner on AI-driven Supply Chain Resiliency Platform Martinrea invests USD 155 million to expand operations in Queretaro, Mexico Metalsa invests USD 170 million dollars in Apas...

Major Suppliers  Updated at: 2025/04/28