By Scott Murdoch and Anshuman Daga SYDNEY/SINGAPORE (Reuters) -Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region. Stock exchange filings on Monday showed the New York-listed firm had received preliminary approval from the Hong… Continue reading Chinese EV maker Nio pursues Hong Kong, Singapore secondary listings
Author: Yarhow_Finance Online News
Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
(Reuters) – Aptiv Plc shifted high-volume production of parts for vehicles out of Ukraine over the past couple months ahead of possible hostilities, the auto parts maker’s chief executive said. “Over the course of the last couple of months, we actually moved a couple of what I call high runner programs out of the Ukraine… Continue reading Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Company Announces Strong Three-year Sales Backlog of $800 Million, Half from Electrified-vehicle Programs MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase… Continue reading Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
(Bloomberg) — Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Most Read from Bloomberg Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal… Continue reading Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
French auto supplier Faurecia sees higher sales in 2022
(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion),… Continue reading French auto supplier Faurecia sees higher sales in 2022
full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions
FAURECIA Nanterre (France), February 21, 2022 FULL-YEAR 2021 RESULTS A FOUNDATIONAL YEAR FOR FAURECIA RESILIENT PERFORMANCE DESPITE HEADWINDS, WITH SOLID ORDER INTAKE FORVIA ON TRACK TO DELIVER ON AMBITIONS 2021: A FOUNDATIONAL YEAR FOR FAURECIA 2021 RESULTS: RESILIENT PERFORMANCE DESPITE HEADWINDS, NOTABLY SEMICONDUCTOR SHORTAGE, WITH SOLID ORDER INTAKE AMOUNTING TO CUMULATIVE €75 BILLION FOR 2019-2021… Continue reading full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions
Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers… Continue reading Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
BorgWarner (BWA) Electrification Efforts to Bolster Capabilities
BorgWarner Inc. BWA is poised to make great strides in the electrification space, as evidenced by its latest buyout deals and business wins. Here is a sneak peek into the company’s most recent noteworthy events. BWA to Acquire Santroll Light Vehicle eMotor Unit BorgWarner and Santroll Electric Auto and Santroll Automotive Components recently announced signing… Continue reading BorgWarner (BWA) Electrification Efforts to Bolster Capabilities
TSMC Looks To Expand Japan Chip Plant; DENSO Acquires Stake
Reuters Analysis-Yuan wobbles revive worries about Asia’s vulnerabilities The Chinese yuan’s recoil from a near four-year high has raised market nerves that a recent period of stability is ending, which could leave regional peers exposed especially as U.S. interest rates start to rise. A steady yuan, along with robust exports and currency reserves, has helped… Continue reading TSMC Looks To Expand Japan Chip Plant; DENSO Acquires Stake
BorgWarner’s All-New 800-Volt Integrated Electric Drive Module Drives Leading Chinese NEV Brands Forward
– 800-Volt integrated drive module (iDM) features high-voltage silicon carbide inverter – The new highly integrated and efficient iDM220 delivers superior performance – Enables global automakers to produce cleaner, more efficient vehicles AUBURN HILLS, Mich., Feb. 15, 2022 /PRNewswire/ — BorgWarner has secured a contract with a Chinese luxury new energy vehicle (NEV) brand to… Continue reading BorgWarner’s All-New 800-Volt Integrated Electric Drive Module Drives Leading Chinese NEV Brands Forward