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    CES 2020: Veoneer to display new driver support, collaborative driving, and self-driving solutions
    Veoneer will display a range of new driver assist, collaborative driving, and self-driving solutions at the Consumer Electronics Show (CES) 2020 next month in Las Vegas, Nevada, United States, the company said in a press release on 5 December. Among the key solutions to be displayed include a new pr...
    06-Dec-2019 News New Products
    Ford recalls 72,718 vehicles in US to fix problem with inline electrical connector terminals for rear lights
    Ford is recalling 72,718 vehicles in the United States to fix a problem with the inline electrical connector terminals for rear lights, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website last month. The recall affects model year (MY) 2019 Ranger truck...
    06-Dec-2019 News Recalls
    RoboSense launches complete lidar perception solution for robo-taxi markets
    RoboSense has launched RS-Fusion-P5, a complete lidar perception solution for robo-taxi markets outside China, the company said in a press release on 4 December. The RS-Fusion-P5 sensor uses an RS-Ruby sensor on top of the vehicle and four RS-Bpearl sensors embedded sideways around the vehicle to de...
    05-Dec-2019 News New Products
    Ford recalls 54,411 vehicles in US over issue with battery harness clips
    Ford is recalling 54,411 vehicles in the United States over an issue with battery harness clips, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website last month. The recall covers model year (MY) 2016-2017 Lincoln MKX vehicles equipped with 3.7L engines...
    05-Dec-2019 News Recalls
    Rimac to source battery management system IC from Analog Devices
    Electric vehicle (EV) start-up Rimac has selected Analog Devices (ADI) to source precision battery management system (BMS) integrated circuits (ICs), Analog Devices announced in a press release on 2 December. Rimac will adopt the Analog ADI’s portfolio of battery management ICs across its complete...
    Melexis unveils LED controller for automotive ambient lighting
    Melexis has developed the new generation of its LIN RGB(W) LED controller, the MLX81113, the company said in a press release on 3 December. It will add to the company’s RGB LED based automotive ambient lighting portfolio. The MLX81113 has system-on-chip (SoC) capabilities, featuring the MLX16 F...
    04-Dec-2019 News New Products
    Pioneer appoints Shiro Yahara as CEO and president
    Pioneer has appointed Shiro Yahara as the chief executive officer (CEO), president and representative director from January 1, 2020, the company said in a press release on 2 December. He is presently the counselor. Yahara will be replacing Koichi Moriya, who is currently the representative direct...
    Silicon Mobility opens Japan unit
    Silicon Mobility has opened a subsidiary in Tokyo, Japan, to provide system integration expertise and support for local customers, the company said in a press release on 29 November. “Japan is one of our lead markets. Our customers need dedicated local expertise to accelerate their system devel...
    03-Dec-2019 News Investments
    SupplierInsight Weekly – 25 November 2019
    Click the link above to download this week's issue
    X-FAB, AutoChips begin mass production of TPMS chipset
    X-FAB Silicon Foundries and automotive electronics chip design company AutoChips have begun volume production of a highly advanced tire pressure monitoring system (TPMS) chipset, the companies said in a press release on 28 November. The chipset, which is automotive-grade AC5111 compliant, has bee...
    02-Dec-2019 News New Products
    STMicroelectronics completes acquisition of Sweden-based silicon carbide wafer supplier Norstel
    STMicroelectronics has announced the completion of the full acquisition of Swedish silicon carbide wafer manufacturer Norstel AB for a total consideration of USD137.5 million, a company press release dated 2 December showed. STMicroelectronics acquired the remaining 45% after acquiring the first ...
    Panasonic to transfer semiconductor business to Nuvoton Technology
    Panasonic Corporation has sold off its semiconductor business to Taiwan-based Nuvoton Technology, the company announced via a press release on 28 November. The business was primarily operated by business unit Panasonic Semiconductor Solutions. Financial details of the stock and asset transfer agreem...
    Automotive lidar’s halftime walk
    Lidar, which stands for light detection and ranging, is one of the most widely debated topics when it comes to autonomous driving. Do autonomous vehicles really need lidar for object detection or can such vehicles handle this key task without this expensive sensor, by relying on more affordable came...
    Mobileye expects strong growth from ADAS, data management and robotaxi service
    Earlier this month Mobileye held an investor summit in Jerusalem, Israel, where the company’s CEO Amnon Shashua projected significant growth in revenue over the next decade. The company, now a wholly owned subsidiary of Intel, expects strong growth in revenue from advanced driver assistance system...
    Minda Corp’s Q2 net profit down 27.5% y/y to USD5 million
    Minda Corporation has reported a 27.5% year-on-year (y/y) decrease in net profit to INR355.1 million (USD5 million) for the second ended 30 September 2019, according to a regulatory filing on 6 November. The company recorded 35.8% y/y decline in profit before taxes (PBT) to INR421.3 million. Minda C...
    HELLA’s SHAKE sensor in new Porsche 911 detects moisture on roadway
    HELLA has announced that its Structural Health and Knock Emission (SHAKE) sensor has been incorporated in the front wheel arch liners on the new Porsche 911, a company press release dated 26 November showed.  The SHAKE sensor detects a film of water on the road surface. The sensor has gone...
    27-Nov-2019 News New Products
    Outlook for semiconductor applications in powertrains and e-drivetrains
    While a raft of macro-economic factors, including the Sino-US ‘trade war’ and a slump in the Chinese automotive market, have led to a fall in vehicle production over the past two years, hybrid (HEV) and electric vehicle (EV) production grew in double-digits in 2018, and the momentum is...
    Ford recalls 78,000 MY2019 Ranger vehicles in US, Canada to fix glitch in tail lamp
    Ford is recalling 78,264 units of model year (MY) 2019 Ranger pickup truck to fix an issue in their tail lamp, the automaker said in a press release on 25 November. The recall affects 72,718 vehicles in the United States and 5, 546 vehicles in Canada. The affected vehicles were built at Ford’s Mic...
    26-Nov-2019 News Recalls
    Toyota recalls 12,637 Alphard minivans in China over defective charging control program
    Japanese automaker Toyota will recall a total of 12,637 units of imported Alphard minivans over a defective charging control program, according to a recall notice on the website of the State Administration for Markets Regulation. Recall is expected to begin on 29 December. The recall affects vehicle...
    26-Nov-2019 News Recalls
    ROHM unveils 200V Schottky Barrier Diodes for powertrains and xEVs
    ROHM has developed 200V ultra-low IR Schottky Barrier Diodes for automotive applications, including powertrains and xEVs, the company said in a press release on 19 November. The RBxx8BM/NS200 offers ultra-low leakage current (IR) to achieve high withstand voltage of 200V. Replacing Fast Recovery ...
    25-Nov-2019 News New Products
    SupplierInsight Weekly – 25 November 2019
      Click the link above to download this week's issue
    Ford recalls 30,073 vehicles in Canada over loose connection on battery positive terminal
    Ford is recalling 30,073 vehicles in Canada over a loose connection on the battery positive terminal, according to a recall notice on the website of Transport Canada earlier this month. The recall covers model year (MY) 2019-2020 F-150 trucks. Significance: In certain trucks, a connection on the ...
    25-Nov-2019 News Recalls
    Minda Industries’ Q2 net profit down 32% y/y to USD7 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 32% year-on-year (y/y) decrease in net income to INR494.4 million (USD7 million) for the second quarter ended 30 September 2019, the company said in a regulatory filing on 14 November. The compan...
    DeepRoute launches Level 4 autonomous driving sensing solution
    DeepRoute has released ‘DeepRoute-Sense’, a Level 4 autonomous driving sensing solution for automotive customers to help them achieve quicker sensor deployment, the company said in a press release on 20 November. DeepRoute-Sense includes a lightweight set-top box and sensor fusion calibration se...
    25-Nov-2019 News New Products
    Arne Schneider to become CEO of Elmos Semiconductor from Jan 2021
    Elmos Semiconductor has said that Arne Schneider will take over as CEO from January 2021, according to a company press release filed on 21 November. The current CEO Anton Mindl has extended his contract until the end of 2020. Schneider has been the company’s chief financial officer since 2014. ...
    Fiat Chrysler Automobiles to recall nearly 697,800 SUVs globally over electrical fault risk
    Fiat Chrysler Automobiles (FCA) will recall nearly 697,800 sport utility vehicles (SUV) worldwide over an electrical fault risk, according to a report by Reuters on 21 November. The recall affects model year (MY) 2011-2013 Dodge Durango and Jeep Grand Cherokee SUVs. The recall covers around 528,500 ...
    22-Nov-2019 News Recalls
    Valmet Automotive begins EV battery production in Finland
    Valmet Automotive has announced the start of production of automotive batteries at its new plant in Salo, Finland, the company said in a press release on 21 November. “The battery plant project has progressed on schedule, and with the ramp-up of production volumes, Valmet Automotive will continue ...
    TCS, Qualcomm develop innovation hub to explore possibilities of 5G in various industries including automotive
    Tata Consultancy Services has announced the launch of an innovation hub in India in partnership with Qualcomm, the company said in a press release on 20 November. The new hub, located in Hyderabad, will be used to build domain-specific solutions in artificial intelligence (Al), internet of things (l...
    Nichicon H1 net income rises more than threefold to USD19.5 million
    Electronics components manufacturer Nichicon reported an over threefold jump in first-half 2020 net income at JPY2.10 billion (USD19.5 million). Net sales for the period declined marginally to JPY59.81 billion from JPY59.88 billion a year earlier, according to the company’s financial filing on 5 N...
    Aptiv completes gabocom acquisition
    Aptiv has completed the acquisition of gabo Systemtechnik GmbH (gabocom) from Bregal Unternehmerkapital, the company announce in a press release on 19 November. gabocom provides cable management and protection solutions for the telecommunications industry. Going forward, gabocom will operate with...
    Vishay unveils high-speed infrared emitters for automotive applications
    Vishay Intertechnology has released new high-speed infrared (IR) emitters, thus expanding its optoelectronics portfolio, the company said in a press release on 20 November. The semiconductors VSMY5850X01 (850 nm), VSMY5890X01 (890 nm), and VSMY5940X01 (940 nm) have a wide temperature range from...
    21-Nov-2019 News New Products
    New Mercedes-Benz GLE gets 48-volt tech and eco-friendly powertrain features
    The high performance versions of the GLE-Class SUV from Mercedes-Benz, the Mercedes-AMG GLE63 and the GLE63 S, are to get electrified powertrains for increased performance figures and improved efficiency, according to a 20 November press release. The 4.0 litre, twin turbocharged V8 pe...
    21-Nov-2019 News New Products
    SupplierInsight Webinar: Ambient Lighting – Changing the cabin concept
    Watch an on-demand replay now Sascha Klapper will discuss the industry trends and present the new global forecast for the Ambient Lighting market. Focus of the webinar will be the positioning, optical technology, optical principles and dynamic functions of the current and future Ambient Lighting ...
    20-Nov-2019 News Webinars
    Synopsys completes acquisition of DINI Group
    Synopsys has announced the completion of acquisition of DINI Group, a California-based company dealing in FPGA-based boards and solutions, according to a press release on 15 November. The terms of the deal were not disclosed but Synopsys added that the acquisition was not material to its financia...
    Cree, STMicroelectronics extend silicon carbide wafer supply agreement
    Cree and STMicroelectronics have jointly announced the expansion and extension of an existing multi-year, long-term silicon carbide (SiC) wafer supply agreement to more than USD500 million, according to a press release on 19 November. The extended agreement is a doubling in value of the orig...
    MG Motors and Fortum set up fast EV chargers in India’s NCR region
    MG Motor and Fortum Charge & Drive India have installed four electric vehicle (EV) fast chargers in the NCR region in India, the company announced on 19 November. As part of the partnership, a 50 kW charger was unveiled at MG’s flagship showroom at Gurugram. The other three stations have been ...
    Porsche Informatik adopts Dynatrace’s software intelligence platform to accelerate software innovation
    Dynatrace has announced that Porsche Informatik, a unit of Porsche Holding Salzburg, has deployed the Dynatrace Software Intelligence Platform to accelerate software innovation, a press filing on 19 November showed. Porsche Informatik selected Dynatrace to provide comprehensive and unified observ...
    Nexperia launches GaN FET for xEV power semiconductor applications
    Nexperia has unveiled a gallium nitride (GaN) field effect transistor (FET), for electric vehicle (EV) power semiconductor applications, the company announced in a press release on 19 November. The 650-volt GAN063-650WSA will have a temperature range of -55°C to +175°C. Nexperia said that the G...
    20-Nov-2019 News New Products
    BYD to supply 50 electric T3 vans to logistics operator Eto Motors in India
    The Indian arm of Chinese electric vehicle (EV) major BYD will supply electric cargo vans to logistic player Eto Motors. According to a report by Autocar Professional on 14 November, BYD has received an order from India’s Eto Motors, an electric fleet operator, for supply of 50 units of BYD’s el...
    Continental to supply tires for Volkswagen ID.3
    Continental Tire will supply the tires for Volkswagen’s new all-electric hatchback ‘ID.3’, according to a report by Tyre Press on 15 November. The company will supply summer and winter OE tires for 18- and 19-inch rims – the EcoContact 6 summer tire and the WinterContact TS 850 P winter tire...
    Xilinx develops adaptive silicon devices for ADAS and AD applications
    Xilinx has announced the expansion of its 16-nanometer product portfolio with two new devices—the Xilinx Automotive Zynq UltraScale+ MPSoC 7EV and 11EG, a press release dated 12 November shows. The devices offer more than 650,000 programmable logic cells. The devices have large programmable cap...
    19-Nov-2019 News New Products
    SERES and BYD Microelectronics collaborate to develop next-gen power electronics
    Chongqing Sokon unit SERES has entered into a strategic cooperation agreement with Shenzhen BYD Microelectronics to develop and promote next-generation power electronics, the company said in a press release on 18 November. The partnership will encourage cooperation between the two companies ...
    Vishay unveils new series of AC and pulse metallized polypropylene film capacitors for hybrid and EVs
    Vishay Intertechnology has introduced a series of automotive-grade AC and pulse metallized polypropylene film capacitors for hybrid and electric vehicles, according to a press release filed on 18 November. The MKP385e series devices are compliant with the IEC 60384-17 and AEC-Q200 Revision D an...
    19-Nov-2019 News New Products
    Volkswagen joins global electronics industry association SEMI
    German carmaker Volkswagen (VW) has joined SEMI, the global electronics industry association announced on 12 November. The association will allow VW the access to SEMI core competencies in developing international standards and harmonizing technology roadmaps while leveraging the global SEMI pl...
    Cree, ABB team up to roll out silicon carbide semiconductors
    Cree has announced a partnership with ABB’s Power Grids business to jointly expand the rollout of silicon carbide for the high-power semiconductor market, a press release dated 18 November showed. Cree’s Wolfspeed silicon carbide–based semiconductors will be incorporated into ABB’s portfo...
    SDGE announces new programs for EV charging infrastructure in San Diego
    The California Public Utilities Commission (CPUC) has approved two public charging pilot programs from San Diego Gas & Electric (SDG&E) that will see installation of about 340 public charging stations at 52 sites at schools, parks, and beaches in San Diego, United States, SDG&E said on 1...
    Lucid Motors starts construction of new US plant
    Electric vehicle (EV) startup Lucid Motor has started construction of its new plant in Arizona in the US, the company announced on 6 November. Lucid Motors expects to begin production of the all-electric Lucid Air luxury sedan at the new plant in late 2020. Last month, the local Planning and Zoning ...
    BMW's global EV sales grow 8.6% y/y to 14,182 units in October
    German luxury and sportscar maker BMW announced on 8 November its sales results for the month of October and for the first 10 months of this year. Sales of the company’s electrified vehicles climbed to 14,182 units in October, which represents a rise of 8.6% year-on-year from the same ti...
    Stanley Electric establishes production base for automotive lights in Philippines
    Stanley Electric has established a new production base for automotive lights in the Philippines, according to a company press release last month. The company announced the establishment of a production subsidiary in the Philippines following a series of talks with Germany-based HELLA, one of its bus...
    Henkel's Q3 net income falls 9.4% y/y to USD671.5 million
    Henkel has reported a fall of 9.4% year-on-year (y/y) in its net income to EUR556 million (USD671.5 million) for the third quarter ended 30 September, according to a company press release on 14 November. Net sales during the quarter dropped marginally by 0.8% y/y to EUR5.07 billion, while EBIT ...
    Shell opens new hydrogen refueling station in San Francisco
    Shell has opened a new hydrogen refueling station in San Francisco, United States, according to a press release on the website of California Fuel Cell Partnership. It will be the third street hydrogen station in the city, which will be open 24 hours a day. The station’s capacity is 513 kg and...
    SupplierInsight Weekly – 18 November 2019
    Click the link above to download this week's issue
    Allego to install 55 EV charging stations in Scandinavian countries
    Electric vehicle (EV) charging infrastructure company Allego plans to install 55 EV charging stations in Scandinavian countries, according to a company press release on 7 November. The company intends to install high-power chargers (HPC) of up to 350 kW in about 55 sites in Finland, Norway, and Swed...
    Stanley Electric’s first half 2020 net income falls 18.6% y/y
    Stanley Electric Company has posted a 18.6% year-on-year (y/y) decline in net income at JPY15.67 billion (USD145.1 million) for the first half of FY 2020 ended 30 September. Net sales for the period fell to JPY204.47 billion from JPY215.11 billion a year earlier, according to the company’s financi...
    Velodyne Lidar introduces next-gen lidar sensor Alpha Prime
    Velodyne Lidar has unveiled its Alpha Prime next-generation lidar sensor, the company announced on 15 November. The sensor, which utilizes Velodyne’s surround view technology, provides solution in perception, field-of-view, and range for autonomous markets including transportation, tr...
    18-Nov-2019 News New Products
    Panasonic develops new battery management technology for multicell stacked lithium-ion batteries
    Panasonic has developed a new battery management technology for multicell stacked lithium-ion batteries used for various applications including electric vehicles (EVs), the company announced in a press release on 14 November. Panasonic has developed this technology in collaboration with Professor Ma...
    15-Nov-2019 News New Products
    ZF and Danfoss expand partnership for silicon and silicon carbide power modules
    ZF and Danfoss have expanded their existing partnership to work on silicon and silicon carbide power modules, ZF announced in a press release on 14 November. The two companies will engage in joint research and development, with Danfoss also supplying power modules for silicon applications. As p...
    Toshiba reports net loss of USD45.5 million in Q2
    Toshiba posted a net loss of JPY4.92 billion (USD45.5 million) for the second quarter ended 30 September. It had posted a net profit of JPY65.41 billion in the previous corresponding period. Net sales was lower at JPY898.24 billion from JPY935.68 billion a year earlier, according to its filing ...
    Samsung Electronics’ Q3 operating profit slumps 55.7% y/y to USD6.46 billion
    Samsung Electronics posted a 55.7% year-on-year (y/y) drop in third-quarter operating profit last month. While profit came in at KRW7.78 trillion (USD6.46 billion), total sales dropped to KRW62 trillion from KRW65.46 trillion. Third-quarter operating profit from the semiconductor business dropped...
    Panasonic’s H1 net profit down 11.2% y/y to USD934.3 million
    Panasonic has reported a 11.2% year-on-year (y/y) fall in first-half net profit at JPY100.9 billion (USD934.9 million). According to its financial statement filed last month, Panasonic posted net sales of JPY3.84 trillion, down from JPY4.01 trillion last year. For the second quarter ended 30 Sept...
    KIOXIA develops 512-gigabyte automotive universal flash storage
    KIOXIA Corporation has said that it has begun sampling a 512-gigabyte (GB) automotive Universal Flash Storage (UFS) JEDEC Version 2.1 embedded memory solution, according to a press release dated 14 November. The automotive UFS supports a temperature range from -40°C to +105°C and is AEC-Q100 Gr...
    15-Nov-2019 News New Products
    Hyundai Mobis develops rear autonomous emergency braking technology using ultra-short-range radar
    Hyundai Mobis has developed a new rear autonomous emergency braking (R-AEB) system using ultra-short-range radar sensor, the company said in a press release today. The new active safety technology is effective in preventing rear-end collisions, when it detects people or objects behind the car, by ap...
    14-Nov-2019 News New Products
    Motherson Sumi’s Q3 net profit up 3.6% y/y to USD54.5 million
    Motherson Sumi Systems Limited (MSSL) has reported a 3.6% year-on-year (y/y) growth in consolidated net profit (attributable to owners) to INR3.8 billion (USD54.5 million) for the third quarter ended 30 September 2019, according to a regulatory filing on 11 November. Revenue from operations in the q...
    Leoni posts USD96.2 million net loss in Q3
    Leoni has posted a net loss of EUR88 million (USD96.2 million) in the third quarter ended 30 September, according to the company’s financial filings. During the same period last year, Leoni reported a net income of EUR23 million. Third-quarter group sales fell 4.2% to EUR1.16 billion. In t...
    Hitachi Automotive Systems, a global mega supplier in the making
    Automakers and suppliers are joining forces to deal with the immense challenges created by megatrends such as connected cars, electrification, and autonomous driving. Today, there are hardly any automakers which are not investing in these fields. For new innovations with regards to these megatrends ...
    BMW supports harmonization of industry standards for digital vehicle access
    BMW has announced an update to its Digital Key technology with greater interoperability, the automaker said in a press release on 12 November. The second generation of an NFC-based digital key ecosystem has been announced for late 2019. A key feature of the new version is the use of a security ch...
    Nidec completes acquisition of Omron’s automotive electronics business
    Nidec Corporation has completed the previously-announced acquisition of automotive electronics business from Omron Corporation, the company said in a press release. The acquisition was completed on 31 October. Nidec also acquired a set of Omron subsidiaries—Omron Automotive Electronics de Mexico S...
    Infineon Technologies’ FY2019 net income slumps 19.1% y/y to USD951.5 million
    Infineon Technologies reported a 19.1% drop year-on-year (y/y) in full year 2019 net income to EUR870 million (USD951.5 million). Revenues increased to EUR8.03 billion from EUR7.60 billion during the same period. For the fourth quarter ended 30 September, Infineon’s net income grew 14.2% to EUR...
    Continental’s Q3 sales up 3% y/y to USD12.1 billion
    Continental has reported 3% year-over-year (y/y) increase in sales to EUR11.1 billion (USD12.1 billion) in the third quarter ended 30 September 2019, the company said in a press release on 12 November. Adjusted for change in scope of consolidation exchange rates, sales dropped slightly, by 0.3% y/y....
    Hella to divest relay business to Chinese relay manufacturer Hongfa
    Hella has decided to sell its relay business to Chinese relay manufacturer Hongfa for EUR10 million (USD11 million), the company said in a press release on 12 November. The idea behind the divestment is for Hella to streamline its businesses following market trends in electric mobility and autonomou...
    Osram recommends shareholders accept current takeover offer from ams
    Osram has announced that it has concluded a comprehensive business combination agreement (BCA) with Austrian sensor firm ams and recommends its shareholders accept the current takeover offer from ams, the two companies said in separate press releases on 12 November. “ams welcomes the positive reco...
    Osram reports EUR343 million net loss for FY 2019
    Osram has reported a net loss of EUR405 million (USD442.9 million) for the fiscal year ended 30 September 2019, compared with a net profit of EUR137 million in the previous fiscal year, according to a press release on 12 November. Revenue for the year declined 8.5% year on year (y/y) to EUR3.5 billi...
    Varroc Engineering’s Q2 net profit down 76.9% y/y to USD3.2 million
    Varroc Engineering has reported a decline of 76.9% year on year (y/y) in net profit to INR229.4 million (USD3.2 million) for the second quarter ended 30 September 2019, according to a regulatory filing on 12 November. Revenue from operations for the period declined 9.9% y/y to INR27 billion. Operati...
    NXP develops UWB-based chip for car access by smartphones
    NXP has unveiled a new ultra-wide band (UWB) automotive IC, the company said in a press release on 12 November. The NCJ29D5 enables secure handsfree smart access supporting the car connectivity standardization. Along with the launch of the IC, NXP, BMW Group and Continental among others are joint...
    13-Nov-2019 News New Products
    Samsung Foundry deploys Synopsys’ TestMAX XLBIST solution on automotive IC
    Synopsys has said that Samsung Foundry deployed the Synopsys TestMAX XLBIST solution on an automotive integrated circuit (IC) to provide dynamic in-system testing for critical failures in order to meet stringent automotive functional safety (FuSa) requirements, according to a press release dated 11 ...
    SupplierInsight Weekly – 11 November 2019
    Click the link above to download this week's issue
    Intel’s Q3 net income drops 6% y/y to USD6 billion
    Chipmaker Intel reported last month a 6% year-on-year (y/y) drop in third quarter net income at USD6 billion on a GAAP basis. Revenue came in flat at USD19.2 billion but gross margin fell to 58.9% from 64.5% a year earlier. Revenue from its unit Mobileye saw a healthy increase. The unit, which is...
    Marquardt opens second factory in China
    Marquardt has opened its second plant in China in Weihai City to produce automotive electronics products, the company said in a press release on 8 August 2019. The company invested EUR45 million in the new plant, which is expected to create 600 jobs over the next two and a half years. The new plant,...
    11-Nov-2019 News Investments
    Magna’s sales decline 3.1% y/y to USD9.3 billion in Q3
    Magna has reported 3.1% year-over-year (y/y) decline in net sales to USD9.3 billion in the third quarter ended 30 September 2019, the leading Canadian automotive supplier said in a press release on 8 November. Sales, excluding the impact of foreign exchange currency translation and divestures net of...
    Suppliers to the new Skoda Kamiq
    The first generation Skoda Kamiq is assembled at Skoda's facility in Mlada Boleslav, Czech Republic. According to IHS Markit production forecasts, output of the new generation Skoda Kamiq from the plant is expected to peak in 2020 at more than 90,000 units. If you would like your co...
    Renesas’ Q3 net profit rises 13.6% y/y, to USD208.4 million
    Renesas has reported a 13.6% year-on-year (y/y) increase in third-quarter net profit, at JPY22.5 billion (USD208.4 million), according to a press release on 7 November. Revenue rose from JPY179.9 billion last year to JPY183.4 billion. Its gross margin came in at 45% compared with 43.9% a year e...
    Toyota and BYD to set up JV for EV R&D
    Toyota and BYD have entered into an agreement to set up a joint venture (JV) for research and development (R&D) of battery electric vehicles (BEVs), the companies announced in a joint press release on 7 October. The new R&D company will work on designing and developing BEVs and its related p...
    Tesla would set up EV charging stations in China next year at a faster pace, says official
    Tesla is planning to set up EV charging stations at a much a faster pace in China next year, Reuters reported on 6 November citing company officials. Tesla is expected to add about 100 charging stations in China within the next few months. Tesla will also increase its after sales service centers to ...
    Continental launches next-generation long-range radar sensors for ADAS/AV applications
    Continental has developed a fifth generation of its long-range radar sensor with unprecedent resolution and a range of up 300 m, the company said on 7 November. The new radar will be highly effective for perception of a vehicle’s surroundings for advanced driver assistance systems (ADAS), suc...
    08-Nov-2019 News New Products
    ElringKlinger's Q3 revenue grows 6.3% y/y to USD478.5 million
    ElringKlinger reported a growth of 6.3% year on year (y/y) in its revenue to EUR431.9 million (USD478.5 million) for the third quarter ended 30 September 2019, according to a company press release on 6 November. Net income for the quarter fell 38% y/y to EUR6.7 million. EBIT also reduced by 11.4% y/...
    Gentherm appoints Hui (Helen) Xu senior vice president of Global Electronics and managing director of Asia
    Gentherm has announced the appointment of Hui (Helen) Xu as senior vice president, general manager of Global Electronics and managing director of Asia, according to a company press release on 28 October. Xu will be responsible for the company’s global electronics business and overall growth and op...
    Qualcomm appoints Akash Palkhiwala as CFO
    Qualcomm has confirmed the appointment of Akash Palkhiwala as the chief financial officer and executive vice president, the company announced in a press statement on 6 November. Palkhiwala has been the company’s interim CFO since August after Dave Wise retired. Palkhiwala joined Qualcomm in 200...
    Johnson Electric’s H1 net profit rises 16% y/y to USD162 million
    Johnson Electric posted a 16% rise in net profit to USD162 million for the first half of fiscal year 2020, the company reported on 6 November. Group sales for the same period came in 7% lower at USD1.57 billion while the underlying profit, after adjusting for the effects of significant non-cash ...
    Diodes unveils PCIe 2.0 packet switches for automotive applications
    Diodes Incorporated has developed PCIe 2.0 packet switches which are automotive-compliant and used in telematics/ADAS, navigation systems, in-vehicle wireless routers, and emerging applications such as vehicle-to-everything (V2X) communications, the company said in a press release on 5 November. ...
    07-Nov-2019 News New Products
    JLR developing ‘Lightweight Electronics in Simplified Architecture’ research technology for car
    Jaguar Land Rover (JLR) is developing Lightweight Electronics in Simplified Architecture (LESA) research technology for use in vehicle interiors, the automaker said in a press release on 5 November. The technology, widely used in flexible wearables and curved OLED televisions, has potential to ...
    06-Nov-2019 News New Products
    ZF partners with Cree to develop advanced electric drive for EVs
    ZF has partnered with Cree to develop advanced electric drivelines for electric cars, the company announced in a press release on 5 November. The two companies will develop a new electric powertrain with silicon carbide-based inverter. ZF expects to make silicon carbide electric drivelines available...
    Hella develops particle sensor for air quality measurement inside and around vehicles
    Hella has developed a particle sensor that enables the measurement of particulate matter in the interior and in immediate surroundings of vehicles, it said in a press release on 5 November. The sensor can measure fine dust particles with a diameter of less than 2.5 micrometers. The particle senso...
    06-Nov-2019 News New Products
    Hyundai Mobis’s Q3 net income up 29.4% y/y to USD483.4 million
    Hyundai Mobis has reported 29.4% y/y increase in net income to KRW582 billion (USD483.4 million) in the third quarter ended 30 September 2019, the leading automotive supplier from South Korea said in a regulatory filing. Sales in the quarter increased 12.1% y/y to KRW9.44 trillion. Higher sales also...
    Aisin Seiki announces plan to merge with Aisin AW
    Japanese auto components and transmission manufacturer Aisin Seiki has announced a plan to merge with their automatic transmission production brand, Aisin AW, in a press statement released on October 31st. The planned management integration is being done in order to adapt to automotive industry disr...
    Diodes unveils two automotive-compliant voltage translators
    Diodes has announced two voltage translators, PI4ULS5V108Q and PI4ULS5V202Q, for use in environments with ambient temperatures of up to 125°C, according to a company press release on 31 October. The flexible, high-speed, automotive-compliant translators are designed for use in advanced driver-...
    04-Nov-2019 News New Products
    Denso announces H1 2019 results, operating profit down 12% y/y to USD1.2 billion
    Japanese auto components manufacturer Denso has reported its financial results for the first half of 2019, in a press release dated 1 November. The company’s consolidated revenue declined by 0.2% to JPY2,618.4 billion (USD 24.3 billion). Operating profits also registered a reduction, having c...
    Germany aims to have one million EV charging points by 2030
    Germany is aiming to have one million electric vehicle (EV) charging points installed in the country by 2030, Reuters reported on 3 November citing a video message German chancellor Angela Merkel. “For this [speeding shift to low-emission battery-powered vehicles] purpose, we want to cre...
    Volkswagen aims to sell 300,000 electrified models in China in 2020
    Volkswagen (VW) is planning to sell about 300,000 electrified vehicles (EVs) in China in 2020, the automaker announced on 31 October. VW is expecting this number to reach one million units by 2025. By 2023, VW will launch 10 battery EVs based on the modular electric drive toolkit (MEB) on the C...
    BorgWarner to supply Integrated Drive Module to a Chinese OEM for EVs
    BorgWarner has won an order to supply its Integrated Drive Modules (iDM) from a Chinese automaker to be equipped in electric vehicles (EV), the company announced on 29 October. The EVs equipped with BorgWarner’s iDM are expected to go into mass production in 2021. “BorgWarner’s compreh...
    NXP Q3 revenue falls 7% y/y to USD2.3 billion
    NXP Semiconductors has reported a 7% year-on-year (y/y) drop in third quarter revenue at USD2.3 billion, according to the company’s filings on 28 October. Its non-GAAP operating margins improved marginally to 30.3% from 30% in the previous year. The board also approved the payment of an interim di...
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