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    Unable to find investors, Britishvolt files for insolvency
    Battery startup Britishvolt filed a notice to appoint an administrator in the insolvency courts in the UK on January 17, 2023, after failing to raise funds from new and existing investors to keep the business afloat. While a majority of 300 existing employees have lost their jobs as an immediate consequence of Britishvolt’s liquidation, the development is also being seen as a blow to the UK government’s efforts of establishing a flourishing ecosystem for electric vehicle (EV) and battery man...
    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    HELLA leads NALYSES research project to develop sustainable headlamp
    HELLA has announced the initiation of the NALYSES research project to develop climate friendly automotive headlamps, according to a company press release on 18 January. The research project also sees participation from BMW Group, Covestro, geba, Miele, the Heinz Nixdorf Institute of the University of Pa-derborn, the Fraunhofer Institute for Mechatronics Design Technology IEM and the Hamm-Lippstadt University of Applied Sciences. The three-year project is funded by the German Federal Ministry of ...
    Highlights from CES 2023
    Connected car highlights from CES 2023 The annual Consumer Electronics Show (CES) 2023 was held in Las Vegas, Nevada, from 5–8 January. Organized by the Consumer Technology Association (CTA), the annual event has become one of the biggest electronics shows in the world since the first edition in 1967. Participants span across various industries and countries, including automakers, consumer electronics companies, and suppliers, all showcasing new and innovative products and technologies. Giv...
    Hella’s HY 2022 sales up 25.7% y/y to USD4.12 billion
    HELLA has reported a 25.7% year-on-year (y/y) growth in sales for the first half at EUR3.82 billion (USD4.12 billion), according to a financial filing dated 13 January. Its adjusted earnings before interest and taxes (EBIT) came in at EUR162 million compared with a profit of EUR149 million last year, while the adjusted EBIT margin was 4.3% compared with 4.9% a year ago. “After a strong start to the fiscal year, we accelerated our successful business development even further in the second qu...
    CES 2023: HELLA to display digital sustainable cockpit, autonomous driving solutions
    HELLA will showcase multiple automotive solutions spanning across connected car, interiors, automated driving, and software among others, at CES 2023, it said in a press release dated 15 December. It will display autonomous systems with sensors, perceptive software, and data fusion, and fail operational electronics for steering and braking. Interior child presence detection and driver distraction and drowsiness monitoring will include both radar and camera. CES 2023 will see HELLA debut its r...
    HELLA gets high-volume series orders for Solid State Lighting HD headlamp
    HELLA has received high-volume series orders for its "Solid State Lighting|High Definition” headlamp from a German as well as an international premium car manufacturer, it said in a press release on 12 December. The company recently began the first series production for the technology at its Lippstadt site. The supplier has already acquired customer projects for total volume of around EUR1.5 billion (USD1.58 billion). “The market launch of our SSL | HD headlamps is another milestone in au...
    HELLA officially exits HBPO JV
    HELLA has completed the exit from the joint venture HBPO Beteiligungsgesellschaft, it said in a press release dated 12 December. Following approval from the authorities, 33.33% share in the joint venture has been successfully transferred to the previous coshareholder Plastic Omnium. The purchase price amounts to EUR290 million (USD305 million), with a dividend of about EUR8 million. Significance: The deal was first announced in July this year. Plastic Omnium acquired AMLS on 25 March 2022 to ...
    HELLA receives orders for high-voltage converters from a premium German OEM
    HELLA, a FORVIA company has announced via press release that it received a large-volume order for high-voltage converters for a premium German automaker, the supplier said in a press release on 25 October. Björn Twiehaus, managing director Electronics at HELLA, said, "HELLA has already been actively promoting the electrification of vehicles for years. More than five years ago, for example, we successfully brought a battery management system for fully electric vehicles into series production....
    HELLA to supply FlatLight rear combination lamp to an international automaker
    HELLA, a FORVIA company has announced that it will supply FlatLight rear combination lamps to an international automaker, according to a press release published by the company on 13 October. Yves Andres, managing director, Lighting at HELLA, said, "With the market launch of our FlatLight concept, we are taking rear combination lamp technology to a completely new level and setting entirely new standards in terms of design, functionality and energy efficiency. In this way, we are underlining th...
    FORVIA’s divestment strategy reflects its ambition to emerge as a technology focused enterprise
    On 29 July, HELLA announced the divestment of 33.33% stake of integrated front end modules company Hella Behr Plastic Omnium (HBPO) GmbH to France-based Plastic Omnium for an equity value of EUR290 million (USD306.70 million). The transaction enables Plastic Omnium with complete ownership. The divestment is part of HELLA’s strategy to align its resources in the development of high growth business segments underlining FORVIA’s combined businesses which, aim to become a major technology-focuse...
    HELLA opens two new R&D sites for electromobility, automated driving in Romania
    HELLA announced that it is further expanding its European research and development (R&D) network in the electronics area with two new development sites in the major Romanian cities of Iași and Oradea, according to a press release on 11 October 2022. The locations are intended to further the development of product innovations in line with major market trends including autonomous driving and electromobility. The will add up to 300 additional jobs there over the course of the following thre...
    HELLA receives orders for highly integrated front-end modules from premium German OEMs
    HELLA, a Forvia company has announced via press release on 5 October that it received major orders for highly integrated front ‘Phygital Shields’ from German premium manufacturers for use in electric vehicles (EVs).   Yves Andres, managing director Lighting at HELLA, said, "The customer projects not only extremely important for us because of the order volume. Above all, they once again underline our comprehensive competencies and our leading position when it comes to integrating tech...
    HELLA’s Q1 FY2022 net sales grows 21.76% y/y to USD1.79 billion
    HELLA, a FORVIA company, has reported net sales of EUR1.790 billion (USD1.792 billion) for the fiscal first quarter 2022 ended 31 August, a year-on-year (y/y) increase of 21.76% from EUR1.470 billion, according to a filing by the company on 29 September. Earnings before interest and taxes (EBIT) came in at EUR75 million compared with EUR79 million in the same period last year, while EBIT margin was 4.2% compared with 5.4% a year ago. Michel Favre, CEO, HELLA, sai...
    HELLA, partners develop production-ready all-electric steer-by-wire system
    HELLA, a Forvia company, along with its partners has developed a series-production-ready all-electric steer-by-wire system, it said in a press release on 22 September.     Björn Twiehaus, managing director responsible for the Electronics Business Group at HELLA, said, "Steer-by-wire is one of the main technologies paving the way to the automated, software-based vehicle. As a highly efficient supplier of indispensable safety-relevant components for fully electric steering syste...
    HELLA develops new electronic valve actuator and media pump
    HELLA has announced it will develop an electronic valve actuator and a Media Pump for coolant circulation, in a press release dated 30 August. The series development of the new components has already begun with market launch scheduled for 2025. “Sophisticated thermal management is an indispensable part of modern vehicle architectures. Above all, the trend towards electromobility is leading to a further increase in demand for corresponding product solutions. Our thermal management portfolio ...
    HELLA posts marginal fall in FY2021/22 sales to USD6.43 billion
    HELLA has reported a 0.8% year-on-year (y/y) decrease in sales for full year at EUR6.33 billion (USD6.43 billion), according to a financial filing dated 18 August. Earnings before interest and taxes (EBIT) came in at EUR279 million compared to EUR510 million last year, while EBIT margin was 4.4% compared to 8% a year ago. “In the past fiscal year, we were confronted with a variety of challenges on the market side: from bottlenecks in the global supply chains, the effects of the coronavirus ...
    Klaus Kuhn resigns as chairman of HELLA’s supervisory board
    HELLA has announced that Chairman of the Supervisory Board and the member of the Shareholders’ Committee of HELLA GmbH & Co. KGaA Klaus Kuhn has resigned due to personal reasons. Carl-Peter Forster, chairman of the HELLA Shareholders’ Committee, said, “It is with great regret that we have accepted Mr. Kuhn’s decision to resign from his positions at HELLA. Mr. Kuhn has played a decisive role in shaping HELLA’s development in recent years, such as with the 2014 IPO and many other ...
    HELLA agrees to sell 33.33% stake in HBPO to Plastic Omnium
    Plastic Omnium has announced in a press release on 28 July that it has signed an agreement with HELLA to acquire remaining 33.33% stake of modules business HBPO GmbH for an equity value of EUR290 million (USD306.70 million) enabling Plastic Omnium with complete ownership.   Laurent Favre, CEO, Compagnie Plastic Omnium SE, said, “The acquisition of the remaining 33.33% of HBPO will allow Plastic Omnium to implement its growth strategy by broadening the range of modules offered. Thanks t...
    HELLA opens new lighting production facility in mainland China
    Beijing Hella-BHAP Automotive Lighting, a joint venture (JV) between HELLA and BHAP, a subsidiary of the BAIC Group has announced that it opened a new lighting manufacturing facility in Changzhou, Jiangsu province, mainland China, HELLA said in a press release on 25 July. The new plant marks the JV’s third lighting facility in mainland China. Didier Keskas, who is responsible for HELLA's lighting business in the Asian region, said, "Emotional car body lighting has long since become a style-...
    HELLA releases preliminary FY 2021/22 results; revenue declines 3.05% y/y to USD6.67 billion
    Global automotive supplier HELLA, a Forvia company has released preliminary fiscal year (FY) 2021/22 financial results for the year ended 31 May 2022, according to a filing by HELLA on 20 July. On a preliminary basis, the portfolio-adjusted sales reduced 3.05% year-on-year (y/y) to EUR6.2 billion (USD6.67 billion) compared to EUR6.4 billion from the previous year citing lower worldwide vehicle production. Adjusted EBIT was reduced to around EUR280 million compared to EUR510 million from the prev...
    HELLA begins mass production of fully electric brake-by-wire pedal
    HELLA a Forvia company has announced that it began mass producing fully electric brake-by-wire technology systems, according to a press release on 11 July. The first large-volume series production is expected to start in HELLA's European production network in 2025; initially, a German car manufacturer will be supplied. Björn Twiehaus, responsible for the global electronics business on the HELLA Management Board, said, "HELLA has been one of the world's leading suppliers in the field of pedal...
    GravitHy to set up USD2.3-billion green steel raw material plant in France by 2027
    French energy company Energie announced via a press release on 30 June that consortium GravitHy will mobilize USD2.3 billion's (EUR2.2 billion's) worth of investment to commission a new direct reduced iron (DRI) plant in the area of Fos sur Mer, southern France.  The consortium was jointly formed by EIT InnoEnergy, US electrolyzer manufacturer Plug Power, UK steel plant developer Primetals, French energy company Engie New Ventures, French automotive technology firm Forvia, and French rea...
    Can new chassis technologies and materials help OEMs meet future emission standards?
    While countries such as the US, Japan, and mainland China have been enforcing fuel economy standards for over a decade to drive down domestic fuel consumption levels, concerns over climate change and continuously rising global average temperatures have led governments around the world to redouble efforts in cutting down domestic greenhouse gas (GHG) emissions to levels prescribed by the 2015 Paris Agreement. The initiative has driven regulatory agencies to roll out increasingly strict vehicle em...
    HELLA introduces slim light ambient vehicle lighting system
    HELLA, a Forvia company has introduced smart ambient solutions, slim light system for integrated in-vehicle lighting, according to a press release published by HELLA on 24 May. The new ambient lighting system can be embedded between several interior trim layers. Yves Andres, responsible for the Business Group Lighting within the HELLA Management Board, said, “When the driver no longer has to focus on the road, the interior of the car can be used in a variety of ways. Ambient interior lighti...
    HELLA bags large order for coolant control hub for efficient thermal management in EVs
    Automotive supplier HELLA has announced via press release on 16 May that it received a sizeable order for the company’s newly developed Coolant Control Hub (CCH). The series production of CCH is expected to start production in 2024 at HELLA's electronics plant in San José Iturbide, Mexico; initially an unknown leading international automotive manufacturer will be supplied. Björn Twiehaus, managing director Electronics at HELLA, said, "The future of mobility is electric and emission-free. ...
    HELLA develops intelligent components for automated charging of EVs
    HELLA has developed electronic charging lid actuator (eLA) to enable automatic and manual opening or closing operation of the vehicle charging lid, according to a press release published by the company on 5 May. The new feature will can enable OEMs to implement this technology for automatic electric vehicle (EV) charging process.   Björn Twiehaus, managing director responsible, global electronics business at HELLA, said, "Based on our strong lighting and electronics expertise, we are th...
    HELLA MINTH Jiaxing opens second production plant in mainland China
    Jiaxing Automotive Parts Co. Ltd, a joint venture of automotive supplier HELLA and the MINTH Group, has put a second production plant into operation in the mainland Chinese city of Jiaxing, according to an official press release on 4 May 2022. The company said that the new plant of HELLA MINTH Jiaxing primarily aims to serve the increasing demand for radomes. These are permeable coverings for radar systems that may be customized to the client's specifications and incorporated in the...
    Automotive applications for ultra-wideband wireless technology set to expand in the coming five years
    UWB is a short-range wireless communication system that employs radio waves, similar to Bluetooth or Wi-Fi. UWB can enable the very accurate measurement of time of flight (ToF) of the radio signal, leading to centimeter accuracy of distance and location calculations. In the United States, the Federal Communications Commission (FCC) authorized the unlicensed use of UWB in 2002. According to recent IHS Markit analysis, the adoption of UWB technology will significantly rise in applications such ...
    HELLA supplies illuminated radiator grille for ŠKODA Enyaq iV electric SUV
    HELLA has developed a lighting package with front grille illumination “Crystal Face” emphasizing dynamic illumination on the ŠKODA Enyaq iV electric sport utility vehicle's (SUV’s) radiator grille, according to a press release published by the automotive supplier on 13 April. The illuminated radiator grille was available to all customers since fall 2021 as an optional package, the automaker has now integrated the grille as standard. The “Crystal Face” gives all-electric Enyaq ...
    HELLA's sales up 0.2% y/y to USD5.24 billion in first nine months of FY 2021–22
    Global automotive supplier HELLA has reported a 0.2% year-on-year (y/y) increase in sales growth over the first nine months for FY 2021–22 at EUR4.6 billion (USD5.24 billion), according to a press release by published by HELLA on 7 April. Adjusted earnings before interest and taxes (EBIT) came in at EUR238 million, down 36.2% y/y compared to EUR373 million previously, while the adjusted EBIT margin is 5.1%. HELLA CEO Dr. Rolf Breidenbach, said, “Even if we are confirming our company outlo...
    HELLA develops new front-end panels for electric vehicles
    Lighting and electrical specialist HELLA has developed a front-end panel concept for electric vehicles (EVs), according to a press release published by the automotive supplier on 24 March. The front-end panels are designed to integrate lighting technologies and advanced driver-assistance systems (ADAS). The supplier’s expertise in lighting and electrical areas has enabled the integration of front radar covers, so-called radomes, radar sensors, lidar, cameras for ADAS, and headlamp...
    Hella Saturnus to invest USD117.7 million to setup new logistics facility in Slovenia
    HELLA announced that the company will invest EUR107.7 million (USD117.75 million) to setup a new logistical center in Slovenia, according to a press release published by InvestSlovenia on 6 March. According to working documents, the government is expected to subsidize it with EUR5.42 million in 2022–25.   Significance: Hella Saturnus’s new facility will feature a laboratory to test new products and technologies, a production facility for new electronic components, along with a wareho...
    Faurecia and HELLA to emerge a more capable supplier in interior and lighting space
    On 31 January 2022, Faurecia announced that it completed the acquisition of a controlling interest in HELLA GmbH & Co. KGaA; the deal was announced on 14 August 2021. Faurecia SE (PAR:EO, market capitalization USD6.46 billion as on 21 February 2022) acquired 79.5% HELLA GmbH & Co. KGaA (XETRA:HLE, market capitalization USD7.93 billion as on 21 February 2022) shares with an investment of EUR5.3 billion (USD6.0 billion). This included 60% share package of the HELLA pool shareholders as wel...
    HELLA appoints Michel Favre as CEO, announces other leadership changes
    HELLA Shareholder Committee announces appointments of Michel Favre and Yves Andres as new members of the Management Board of HELLA GmbH & Co. KGaA, the company said in a press release on 25 February. Michel Favre will take over as HELLA CEO on 1 July 2022, in succession to Dr. Rolf Breidenbach as announced by the company on 4 February 2022. Yves Andres will take over management of Lighting Business Group from Dr. Frank Huber.     Carl-Peter Forster, chairman of the HELLA Sh...
    Faurecia's and HELLA’s combined group to be known as Forvia
    The combined company from the merger between Faurecia and HELLA will be known as Forvia, and will be the seventh largest automotive supplier in the world, the company announced in a press release on 7 February. The new brand reflects both the companies’ evolving innovation and producing future ready sustainable solutions.     Patrick Koller, Faurecia CEO, said, “We are FORVIA! This new name reflects core elements of our Faurecia and HELLA brands, as well...
    Faurecia completes acquisition of lighting and electronics supplier HELLA
    Faurecia announces the completion of lighting and electronics specialist HELLA’s acquisition after receiving all necessary regulatory approvals, it said in a press release on 31 January. Through the transaction, Faurecia acquired 79.5% of the shares in HELLA, including the 60% share package of the HELLA pool shareholders as well as around 19.5% as part of the public takeover offer ended on 11 November 2021.   Patrick Koller, CEO, Faurecia, said, "HELLA and FAURECIA complement each othe...
    Hella’s HY sales fall 2.6% y/y, to USD3.44 million
    HELLA has reported a 2.6% year-on-year (y/y) decline in sales for the first half at EUR3.02 billion (USD3.44 billion), according to a financial filing dated 13 January. Its adjusted earnings before interest and taxes (EBIT) came in at EUR156 million compared with a profit of EUR269 million last year, while the adjusted  EBIT margin was 5.1% compared with 8.7% a year ago. “At present, there are great challenges in the market environment. Due to the massive bottlenecks in the g...
    Geopolitical tensions between mainland China and Lithuania threaten automotive supply chains
    News agency Reuters reported on 17 December that the mainland Chinese government is allegedly pressuring German car parts manufacturer Continental to stop using components made in Lithuania. According to the press release, the diplomatic tension between the two states is allegedly a consequence of Lithuania opening a Taiwanese representative office in Vilnius, a move that the mainland Chinese government alleges is in direct contradiction to its ‘One China’ policy and threatens its domesti...
    HELLA unveils customizable light signatures and communication module
    HELLA introduces FlatLight µMX technology with lighting signatures for rear light applications, the company announced in a press release on 13 December. "Our Digital FlatLight technology is a big step towards the future. Already today it allows to display fonts and symbols. In addition, light signatures that adapt to the driving modes, text or symbols that warn road users of traffic jams or icy roads, or graphics that display the battery charge level of the electric vehicle can also be reali...
    Faurecia to secure 79.5% of HELLA upon completion of takeover
    Faurecia will hold 79.5% of the shares in HELLA upon completion of its takeover, Faurecia said in a press release on 16 November. The deal translates into an investment of almost USD6.0 billion (EUR5.3 billion) that allows Faurecia to attain financial flexibility. Patrick Koller, CEO of Faurecia, said, “Faurecia welcomes the positive outcome of the voluntary takeover offer for HELLA. We have designed a sustainable organization and governance, which allows us to be e...
    HELLA doubles production capacity of Shanghai plant
    HELLA, a lighting and electronics specialist, has doubled its production capacity at its Shanghai location, according to an official press release dated 22 October. In this case, a new building was added to the nearby electronics plant, and the existing space was completely remodeled. This is now the largest electronics plant in the global HELLA network, with a total building area of around 50,000-square-meters. The overall investment volume is in the high double-digit million euro range. HEL...
    HELLA develops characteristic light signature LED daytime running lights for new Peugeot 308
    HELLA, along with the car manufacturer Stellantis, has developed a new LED daytime running light for the new Peugeot 308, it said in a press release on 7 October. The development of the front and rear lights reflects the group’s vision in futuristic vehicle design. The new characteristic light signature LED design for the new Peugeot 308 from HELLA comes at a time when the automotive industry is entering a new dimension of vehicle styling and design language. The radome in the center of ...
    HELLA launches new compact SOS 360° LED warning lamp for automotive industry
    HELLA has developed a new compact SOS 360° LED warning lamp for vehicles, it said in a press release on 6 October. The warning lamp is CE tested and operates with a standard 9V battery. Its impact-resistant polycarbonate light dome has a temperature resistance ranging from -20°C to +60°C. The lamp can be placed on the vehicle’s roof, by using magnetic mounting. Significance: The HELLA SOS 360° is small and can fit into the glove compartment. As soon as it is placed on the vehicle, it be...
    HELLA unveils new compact full LED rear lamp
    HELLA has launched a new compact 328 630 full LED rear lamp for automobiles, it said in a press release on 29 September. Hella said it is launching the rear lamps especially for special vehicles, municipal vehicles and also for agricultural and construction machine. “The lamp is a real multitalent—all the necessary light functions operate with LED technology. The innovative "Glowing Body" technology ensures a distinctive and homogeneous appearance of the tail light. A variety of mounting ...
    HELLA posts 9.6% y/y increase in Q1 sales at USD1.72 billion
    HELLA has reported a 9.6% year-on-year (y/y) increase in sales for the first quarter at EUR1.47 billion (USD1.72 billion), according to a financial filing dated 28 September. Reported earnings before interest and taxes (EBIT) came in at EUR79 million compared to a loss of EUR115 million last year, while reported EBIT margin is 5.4% compared to -8.6% a year ago. “Given the current market conditions, the start of the new fiscal year was, as expected, very challenging. Our automotive business ...
    Faurecia launches public takeover offer for HELLA
    According to an official press release dated 27 September, Faurecia, through its wholly owned subsidiary Faurecia Participations GmbH, published the offer document for its cash voluntary public takeover offer for all outstanding shares of HELLA, a major automotive player in lighting and electronics based in Lippstadt, Germany. The cash off