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Garmin’s Q1 results beat on strong demand for fitness, auto products – ET Auto

Baua Electric

Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%. Garmin’s first-quarter revenue surged 20% to USD 1.38 billion, according to LSEG data.

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AI-powered EV batteries: The next welcome change – ET Auto

Baua Electric

As interest in AI surges, so too has scrutiny of the technology’s energy intensity and its corresponding burden on data centres and power grids. Chemix , an AI-powered EV battery developer, has completed a USD 20 million Series A funding round, led by Ibex Investors.

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Ramkrishna Forgings to supply power train components to US’ largest EV producer – ET Auto

Baua Electric

Ramkrishna Forgings has signed an agreement to supply power train components to USA’s largest electric passenger vehicle producer, the company said in a stock exchange filing on Thursday. This deal signals the company’s debut in US’ electric vehicle market.

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BorgWarner raises full-year 2024 adjusted profit outlook – ET Auto

Baua Electric

Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. The company has benefited from automakers rushing to put out vehicles with smaller engines that are powerful and meet modern emission norms. to USD 4.00. to USD 4.00.

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Visteon and Shinry form JV in US to advance power electronics technology – ET Auto

Baua Electric

This collaboration brings two best-in-class companies together to further advance the state-of-the-art technologies in power electronics for the automotive industry. The joint venture will be co-led by Zilai Zhao, Visteon Senior Director and Power Electronics Leader, and Jiangang (David) Gu, Shinry Deputy General manager.

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Nissan to test African demand for its e-Power hybrid vehicle – ET Auto

Baua Electric

Japanese carmaker Nissan Motor plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles. Nissan’s e-Power technology system includes a petrol engine with a power generator, inverter, battery and an electric motor.

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Servotech Power Systems sets up facility to produce EV charger components – ET Auto

Baua Electric

New Delhi: Servotech Power Systems Ltd. Servotech is constructing a manufacturing facility focused on the production of Power Modules, Control Circuits, and PLCs – essential elements at the core of EV charger s. Arun Handa, Chief Technical Officer, Servotech Power Systems Ltd. Servotech Power Systems Ltd.

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