Vitesco Technologies

HG Semiconductor Announces its Strategic Investment in GaN Systems Inc.

Wednesday, November 24, 2021 - 11:36pm

HONG KONG, Nov 25, 2021 - (ACN Newswire) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group", Stock Code: 6908.HK) is pleased to announce that FastSemi Holding Limited, a wholly-owned subsidiary of the Group, has invested in GaN Systems Inc. ("GaN Systems"), a leader in gallium nitride ("GaN") technology, and agreed to invest by subscribing for the series F-2 convertible preference shares in GaN Systems as a strategic investor.

Key Points: 
  • HONG KONG, Nov 25, 2021 - (ACN Newswire) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group", Stock Code: 6908.HK) is pleased to announce that FastSemi Holding Limited, a wholly-owned subsidiary of the Group, has invested in GaN Systems Inc. ("GaN Systems"), a leader in gallium nitride ("GaN") technology, and agreed to invest by subscribing for the series F-2 convertible preference shares in GaN Systems as a strategic investor.
  • With in-depth knowledge in GaN technology, the management team of GaN Systems combines decades of experience in developing GaN products.
  • Subsequent to this investment, HG Semiconductor will be able to nominate an independent board observer from Canada to be on the board of GaN Systems.
  • Furthermore, GaN Systems also proposes to qualify the subsidiary of the Group as a foundry partner to GaN Systems and enter into a licence agreement whereby the Group may use certain GaN technology of GaN Systems for manufacturing its semiconductors components.

DGAP-News: Third quarter: Vitesco Technologies achieves solid results in a challenging market environment

Thursday, November 11, 2021 - 8:05am

Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, today announced its third quarter results for 2021.

Key Points: 
  • Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, today announced its third quarter results for 2021.
  • Subsequently, Vitesco Technologies operates as an independent company in the dynamically growing electromobility market.
  • Nonetheless, Vitesco Technologies was resilient in a challenging market environment.
  • Vitesco Technologies expects the market environment to remain challenging in the fourth quarter.

DGAP-News: Third Quarter: Continental Sets Course for Next Successful Chapter in its History

Wednesday, November 10, 2021 - 8:02am

In the third quarter of its anniversary year, Continental set the strategic course for the next successful chapter in its history by making its previously announced structural adjustments.

Key Points: 
  • In the third quarter of its anniversary year, Continental set the strategic course for the next successful chapter in its history by making its previously announced structural adjustments.
  • "Our Rubber Technologies group sector achieved robust earnings thanks primarily to the strong replacement-tire and industrial product businesses.
  • With the new structure that we have put in place in our anniversary year, we have also set the strategic course for the next successful chapter in our company's history.
  • For the Automotive Technologies group sector, Continental expects sales
    of around 14.5 billion to 15.0 billion (previously: 16.0 billion to 16.5 billion).

Ouster Forms Advisory Board of Industry Leaders to Accelerate Digital Lidar Adoption

Monday, November 8, 2021 - 9:15pm

Ouster, Inc. (NYSE: OUST) (Ouster or the Company), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, smart infrastructure, and robotics industries, announced today the formation of an Advisory Board.

Key Points: 
  • Ouster, Inc. (NYSE: OUST) (Ouster or the Company), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, smart infrastructure, and robotics industries, announced today the formation of an Advisory Board.
  • The Advisory Board consists of industry leaders with deep knowledge and expertise across Ousters addressable markets and decades of experience building and leading global enterprises.
  • View the full release here: https://www.businesswire.com/news/home/20211108006071/en/
    Founding members of the Ouster Advisory Board (Graphic: Business Wire)
    The Ouster Advisory Board is engaged in support of Ousters mission to make the world safer through the adoption of digital lidar.
  • Founding Ouster Advisory Board members include:
    Barbara Humpton: Chief Executive Officer at Siemens USA and Board Director at MorganFranklin Consulting; former Vice President at Booz Allen Hamilton and Lockheed Martin.

Sales of Natural Gas Engine Control Unit to Pick Up Pace as Consumers Seek Improved Fuel Efficiency and Lesser Emission from Vehicles: Future Market Insights

Friday, October 8, 2021 - 2:00pm

DUBAI, U.A.E, Oct. 8, 2021 /PRNewswire/ -- As per FMI's study, the global engine control unit (ECU) market will reach US$ 12.8 Bn in 2021, registering year-on-year growth of 3.7%. Sales of ECU shrunk by 0.9% between 2016 and 2020, however as automotive industry is gaining momentum with rising adoption of electric vehicles, demand for ECUs is expected to surge.

Key Points: 
  • Future Market Insights' extensive study on the electric control unit market brings to fore important insights on growth dynamics, including drivers, restraints, and opportunities across seven key regions.
  • Implementation of stringent regulations to control the carbon emission has compelled companies and consumers to adopt safety-related electronic systems.
  • Focus on sustainable sources of energy to replace fossil fuels with, will fuel the demand in the natural gas ECU segment.
  • Some of the key players operating in the engine control unit (ECU) industrymarket profiled by FMI are:

Sales of Natural Gas Engine Control Unit to Pick Up Pace as Consumers Seek Improved Fuel Efficiency and Lesser Emission from Vehicles: Future Market Insights

Friday, October 8, 2021 - 2:00pm

DUBAI, U.A.E, Oct. 8, 2021 /PRNewswire/ -- As per FMI's study, the global engine control unit (ECU) market will reach US$ 12.8 Bn in 2021, registering year-on-year growth of 3.7%. Sales of ECU shrunk by 0.9% between 2016 and 2020, however as automotive industry is gaining momentum with rising adoption of electric vehicles, demand for ECUs is expected to surge.

Key Points: 
  • Future Market Insights' extensive study on the electric control unit market brings to fore important insights on growth dynamics, including drivers, restraints, and opportunities across seven key regions.
  • Implementation of stringent regulations to control the carbon emission has compelled companies and consumers to adopt safety-related electronic systems.
  • Focus on sustainable sources of energy to replace fossil fuels with, will fuel the demand in the natural gas ECU segment.
  • Some of the key players operating in the engine control unit (ECU) industrymarket profiled by FMI are:

China Electric Vehicle Motor Controller Industry Report 2021: Growing New Energy Vehicle Market Gives a Boost to the Market - ResearchAndMarkets.com

Friday, September 10, 2021 - 12:05am

The "China Electric Vehicle Motor Controller Industry Report, 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "China Electric Vehicle Motor Controller Industry Report, 2021" report has been added to ResearchAndMarkets.com's offering.
  • The growing new energy vehicle market gives a boost to the motor controller market.
  • The supply and demand in the electric vehicle motor controller market is dependent on the expansion of new energy vehicle market.
  • As the new energy vehicle market booms, the motor controller market will make steady growth.

DGAP-News: Vitesco Technologies Group AG: Vitesco Technologies publishes prospectus, stock exchange listing planned for September 16

Tuesday, September 7, 2021 - 5:06pm

The company, Continental AG's former Powertrain business area, plans a listing on the Frankfurt Stock Exchange on September 16, 2021.

Key Points: 
  • The company, Continental AG's former Powertrain business area, plans a listing on the Frankfurt Stock Exchange on September 16, 2021.
  • The new Supervisory Board of Vitesco Technologies Group AG will consist of 16 members: eight shareholder representatives and eight employee representatives.
  • Listing and first day of trading planned for September 16, 2021
    The opening share price of Vitesco Technologies Group AG will be set on the day of listing as part of an opening auction.
  • In 2020, Vitesco Technologies recorded sales of 8 billion and employs more than 40,000 employees at about 50 locations worldwide.

DGAP-News: Strong Tire Business in the Second Quarter: Continental Achieves Respectable Result

Thursday, August 5, 2021 - 8:01am

Strong Tire Business in the Second Quarter: Continental Achieves Respectable Result

Key Points: 
  • Strong Tire Business in the Second Quarter: Continental Achieves Respectable Result
    The issuer is solely responsible for the content of this announcement.
  • In view of the ongoing macroeconomic challenges, Continental achieved a respectable result in the second quarter of 2021.
  • Despite the increasing challenges posed by rising raw material prices, we had a strong first half of the year overall.
  • "After the historically weak prior-year period, we achieved a respectable result in the past quarter despite the persistently challenging market environment.

Vitesco Technologies’ North America CEO Recognized as One of the Top 100 Leading Women in North American Auto Industry by Automotive News

Monday, November 9, 2020 - 1:30pm

Automotive News today announced that Vitesco Technologies North America CEO Sandy Stojkovski is among the publications 100 Leading Women in the North American automotive industry.

Key Points: 
  • Automotive News today announced that Vitesco Technologies North America CEO Sandy Stojkovski is among the publications 100 Leading Women in the North American automotive industry.
  • Stojkovski was named in October 2019 as the North America CEO of Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, which is expected to spin off from Continental in 2021.
  • Sandy has a command of the North American market as well as deep industry relationships to drive Vitesco Technologies forward in one of our most important regions.
  • As CEO for Vitesco Technologies North America, Stojkovski oversees all North American activities for the company.