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    Electrical steel production in US far from sufficient to support OEMs’ electrification goals
    According to S&P Global Mobility, hybrid and electric light vehicle production in the United States is forecast to grow at a compound annual growth rate (CAGR) of 17% between 2023 and 2030 to 9.8 million units. This is also going to drive demand for EV motors (e-motors) in the country, which we forecast will grow at a CAGR of 20% over the same period to 14 million units. Besides its application in other industries, electrical steel is also used in the manufacturing of e-motors and charger...
    Insights
    Our battery technology delivers a platform for manufacturing efficient, affordable EVs: OneD Battery Sciences
    S&P Global Mobility: How was OneD Battery Sciences established? Please tell us about the origin of ‘SINANODE’ platform. Vincent Pluvinage: I have lived in the Silicon Valley since 1987, and I have taken a couple of companies public. Since 2001–02, I have been active in Silicon Valley as an investor, mainly focusing on innovative technologies, where I can use my physics and bioengineering background, to bring to market technologies that are well patented. I am an inventor at heart...
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    Hella names Bernard Schäferbarthold as new CEO effective Jan. 1, 2024
    Bernard Schäferbarthold will become the new CEO of Hella GmbH & Co., effective Jan. 1, 2024. This decision was made by the shareholder committee of Hella at its meeting on September 29. Schäferbarthold will succeed Michel Favre, who has mutually agreed with the shareholder committee on an early termination of his mandate. Schäferbarthold, who has been a member of the management board responsible for Hella's Finance and Controlling corporate function since November 2016, has signed a long-...
    News
    Mahle and Hella sell Behr-Hella Thermocontrol JV to AUO Corp.
    Automotive suppliers Mahle and Hella have agreed to sell their respective 50% stake in the Behr-Hella Thermocontrol (BHTC) joint venture to AUO Corp., a Taiwan-based company specializing in display panel products and solutions. The press statement, dated October 2, stated that the sale is valued at an enterprise value of €600 million and is subject to approval by foreign trade and antitrust authorities. The parties have signed an agreement and expect the transaction to close by mid-2024. BHTC ...
    News
    Forvia showcases innovations on the seats of the new Renault Rafale
    Forvia has announced the presentation of two innovations on the seats of the new Renault Rafale, Esprit Alpine version, it said in a press release dated September 6. Named Lumi and Ecorium, the innovations improve the way drivers interact with their vehicles. “These two revolutionary innovations reflect [Forvia]'s mission: to provide automotive manufacturers with technological developments that make a difference while helping to reduce the carbon footprint of the industry as a whole. I...
    News
    IAA Mobility 2023: Forvia Group to showcase electrification and energy management, automated driving and digital-cockpit solutions
    Forvia Group, combining the innovation competencies of Faurecia and Hella, is set to focus on its technology portfolio in three strategic growth areas — electrification and energy management, safe and automated driving, and digital and sustainable cockpit experiences — at the Internationale Automobil-Ausstellung (IAA) Mobility 2023 in Munich, Forvia announced through an August 28 press release.   With its solutions, Forvia underlines its commitment to reach net-ze...
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    Hella to build new headquarters at Lippstadt, Germany
    Automotive supplier Hella plans to construct an attractive, sustainable and representative new building complex, particularly in the western area of the current company headquarters on Rixbecker Straße. In the future, all development and administrative functions of the Lippstadt location will work there in one place, the company announced on July 28. Hella has assigned the planning of the new headquarters to the renowned Düsseldorf architectural firm RKW Architektur+, which, in addition to ...
    News
    IAA Mobility 2023: Forvia to showcase automotive electrification, autonomy and cockpit solutions
    Forvia will showcase its technology portfolio in electrification and energy management, safe and automated driving, and digital and sustainable cockpit experiences at Internationale Automobil-Ausstellung (IAA) Mobility 2023 in Munich, it said in a press release July 25. “At IAA Mobility, we are presenting our solutions along our three major strategic growth drivers. We expect double-digit annual market growth in each of these areas until 2025. We are therefore presenting our contributi...
    News
    Hella posts 17.3% YOY increase in H1 2023 sales to €4 billion
    Hella has reported a 17.3% year-over-year sales growth for the first half of fiscal 2023 at €4 billion, according to a company filing July 24. Operating income came in at €245 million compared to €139 million last year while the operating income margin came in at 6.1% compared to 4.1% a year earlier. “We are currently on track to achieve our annual targets and confirm our corporate outlook. In a persistently volatile market environment that continues to be characterised by inflationar...
    News
    Hella and Porsche launch first SSL HD matrix headlamp
    Hella and luxury-car manufacturer Porsche, in collaboration, announced the launch of the world's first high-resolution headlamp based on matrix LED technology. With over 32,000 individually controllable pixels per headlamp, it raises automotive lighting technology to a new level. The digital headlamp system SSL | HD is now available for the first time in the new Porsche Cayenne as optional extra equipment, a company press release dated July 18 said. Hella said the SSL HD technology is an evol...
    News
    HELLA unveils first rectangular bi-LED headlamp
    Automotive supplier, HELLA introduced the SlimLine Bi-LED headlamp, the first rectangular light module in its portfolio. The headlamp offers excellent light output and is ideal for a wide range of highly demanding applications. Owing to its solid housing and robust construction, the headlamp can be used in harsh environments and for heavy-duty applications, the company said in a press release dated July 6. The headlamp's high vibration resistance makes it ideal for use with construction machi...
    News
    Hella wins multiple orders for its latest-generation steering sensors
    Automotive supplier Hella, part of the Faurecia group, on May 24 said it has received several significant customer orders for the latest generation of steering sensors. The new steering sensors detect the torque and angle of the steering wheel and transmit signals to the steering-control system purely electrically. The series production is likely to commence in 2025 at Hella's electronics plants in Recklinghausen, Germany, and Xiamen, China. In steer-by-wire systems, steering commands ar...
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    Hella plans to invest $4 million to expand its plant in El Salto, Mexico
    German auto supplier Hella is planning to expand its design and manufacturing operations for the automotive industry in Jalisco, Mexico, with an investment of $4 million, MEXICONOW reported on April 28. Currently, the company dedicated to the development and manufacture of electronic components and lighting systems has five plants installed in Mexico, one of which is located in the municipality of El Salto. “It is an investment, from the point of view of the automotive and mobility secto...
    News
    HELLA posts 14.4% YOY increase in Q1 FY 2023 sales to €1.99 billion
    HELLA has reported a 14.4% year-over-year growth in first-quarter sales at €1.99 billion, according to a company filing on April 27. Operating income rose 10.3% year over year to €111 million from €101 million last year while the operating income margin came in at 5.6% compared to 5.8% a year earlier. The group’s electronics business grew 10.9% year over year to €842 million, driven by high demand for radar sensors, and high-voltage battery management systems, among other ...
    News
    HELLA expects FY 2023 sales in the range of €8.0B-€8.5B
    HELLA expects to generate currency- and portfolio-adjusted sales in the range of around €8.0 billion to €8.5 billion for the full year period from January to December 2023, it said in a press release on March 21. The supplier also expects operating income margin to be in the range of about 5.5%-7%. Its net cash flow in relation to sales is anticipated at 2%. HELLA expects a lower operating income margin and net cash flow in relation to sales in the first half of fiscal year 20...
    News
    HELLA introduces 32 additional lightbars in the Black Magic auxiliary headlamp series
    HELLA is expanding its Black Magic product range with a total of 32 new lightbars, according to a company press release dated 9 March. In addition to the first-generation lightbars, HELLA has expanded the series with 18 additional lightbars for off-road applications, and 14 lightbars with the Economic Commission for Europe (ECE) approval R149 for use as auxiliary headlamps in road traffic. The HELLA Black Magic Lightbars are auxiliary headlamps with powerful output. They offer ...
    News
    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 ...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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 ...
    News
    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....
    News
    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...
    News
    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...
    Insights
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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 ...
    News
    HELLA posts marginal fall in FY2021/22 sale