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
Category: Suppliers
Grammer expanding aftermarket presence in Europe: Fricke Group to be an authorized Grammer sales partner
Next step by Grammer towards strategic growth Strong partnership for Europe-wide business in seats and spare parts Grammer offroad and truck products now also available through the Fricke Group’s Europe-wide logistics network Grammer AG, February 16, 2022 – Digital access, reliable deliveries and comprehensive service are key factors for success in the aftermarket. They also… Continue reading Grammer expanding aftermarket presence in Europe: Fricke Group to be an authorized Grammer sales partner
14 months after unveiling its electric assistance technology for bikes, Valeo has its 14 first customers
Innovation / Produits et Technologie | 16 Feb, 2022 | 2 min #Electrification Valeo has won the trust of 14 bicycle manufacturers for its electric assistance technology, currently the most high-performance available, combining efficiency, intelligence, comfort, robustness and ease of use. Its customers include La Manufacture Française du Cycle (through its Sunn brand), Ateliers HeritageBike,… Continue reading 14 months after unveiling its electric assistance technology for bikes, Valeo has its 14 first customers
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
NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $23.79, moving -1.29% from the previous trading session. This change lagged the S&P 500’s daily loss of 0.38%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.05%. Prior to today’s trading, shares of the company had lost 22.13% over the past month. This… Continue reading NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
Press release – 2021 Annual results Guide
Press release – 2021 Annual results Guide The document is available for consultation in the Finance section of the Company’s website. The Annual Results Guide contains the following documents: Press Release Slideshow Report of the Managing Chairman Financial Highlights Consolidated Financial Statements 02/14/2022 | PDF – 101.87 Ko Press release – 2021 Annual results Guide… Continue reading Press release – 2021 Annual results Guide
Financial information at December 31, 2021
Financial information at December 31, 2021 The Michelin Group delivered segment operating income of €2,966 million and a margin back in line with 2019, at 12.5%, demonstrating once again its strength and business model resilience. Sales rose by 16.3% to €23,795 million and segment operating income stood at €2,966 million, or 12.5% of sales: Tire… Continue reading Financial information at December 31, 2021
Nio stock falls after downbeat China auto sales data, Tesla shares also take a hit
Share of China-based electric vehicle maker Nio Inc. sank 3.5% in premarket trading Monday, after data showing that China’s car sales fell for the eighth straight month in January. the China Passenger Car Association said January retail sales of passenger cars declined 4.4% from a year ago, and said sales are expected to remain sluggish… Continue reading Nio stock falls after downbeat China auto sales data, Tesla shares also take a hit
Auto parts maker Magna sees initial hit from Canadian bridge blockade
By Shivansh Tiwary (Reuters) – Auto parts maker Magna International Inc said on Friday disruptions at the Ambassador bridge caused by Canadian trucker protests against coronavirus mandates have started to have some initial impact on its operations. The protesters, who have caused a gridlock in the Canadian capital since late January, have since Monday used… Continue reading Auto parts maker Magna sees initial hit from Canadian bridge blockade
AEye’s Jordan Greene named as a Rising Star of the Autonomous Vehicle Industry by Business Insider
AEye Co-founder and GM of Automotive Recognized for Spearheading Lidar Advancements that Enable and Future-proof Safe Vehicle Autonomy “We have an exceptional team, and Jordan is a case in point. He is a respected innovator and tireless entrepreneur, who has been a trailblazer in automotive lidar…His impact has reverberated beyond AEye to the industry as… Continue reading AEye’s Jordan Greene named as a Rising Star of the Autonomous Vehicle Industry by Business Insider