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

Baua Electric

MAY 2, 2024

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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Renault talks to China’s Li Auto and Xiaomi on tech collaboration – ET Auto

Baua Electric

APRIL 27, 2024

Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

JANUARY 31, 2024

Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday. This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act.

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Kolhapur has potential to be auto component mfg hub: Gadkari – ET Auto

Baua Electric

MAY 5, 2024

Updated On May 5, 2024 at 03:13 PM IST --> Published On May 5, 2024 at 03:07 PM IST 2 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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

Baua Electric

MAY 3, 2024

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. BorgWarner now expects its full-year adjusted profit per share to be between USD 3.80 and USD 4.15, compared with its prior outlook of USD 3.65 to USD 4.00.

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Motional puts robotaxi deployment on back burner, to focus on technology development – ET Auto

Baua Electric

MAY 8, 2024

Auto parts supplier Aptiv said last week it would sell its stake in Motional, its joint venture with Hyundai Motor, while the Korean automaker will fund the startup with additional USD 475 million. The development comes ahead of electric carmaker Tesla’s unveiling of its robotaxi, dubbed “ Cybercab “, on Aug.

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Europe’s auto suppliers reach the end of the road – ET Auto

Baua Electric

MAY 6, 2024

The Chinese battery-maker CATL has grown in short order to become the world’s third largest auto supplier, in a sector still led by Bosch, according to consultancy Roland Berger. Thonet cited the situation at ZF, the second-largest German auto supplier, which announced the closure of two sites in its domestic market.

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