E-motors, Inverters & Drivetrain

Vishay Intertechnology introduced four new power modules featuring 650 V superjunction MOSFETs in the industry-standard SOT-227 package. The Vishay Semiconductors VS-FC50SA65, VS-FC100SA65, VS-FC150SA65, and VS-FC50LA65 are designed to deliver an optimized balance between conduction and switching losses for high efficiency power conversion in industrial applications. Three of the devices are in a single-switch configuration with nominal current ratings of 50 A, 100 A, and 150 A, while the fourth is a 50 A device in a low side chopper configuration that integrates a 650 V SiC diode. All four leverage the latest 650 V superjunction MOSFET technology to achieve a competitive tradeoff between on-resistance and gate charge, and they operate over a temperature range of -55 °C to +150 °C. The SOT-227 package provides a drop-in replacement for competing solutions, lowering costs by eliminating the need for PCB redesigns, and sample and production quantities are available now with lead times of 12 weeks.

Neo Performance Materials has moved its European permanent magnet plant into commercial production, now shipping rare earth sintered magnets to a Tier 1 electric vehicle traction motor customer. The shift from development to volume supply brings the company directly into the EV motor supply chain, with multiple awarded programs and multi-year visibility tied to vehicle platform lifecycles. Commissioning and expansion of the new European magnet facility, alongside government recognition and support, supports capacity growth from 2,000 to 5,000+ tons, enabling Neo to tap rising European EV and renewable energy demand. The stock last closed at CA$31.10, with a year-to-date share price return of 84.13% and a 1-year total shareholder return of 60.87%, though shares are down 10.73% over the last month and 12.00% over 90 days. The most followed narrative pegs fair value at CA$50.76, framing the magnet ramp as part of a bigger earnings and margin story, while the SWS DCF model estimates shares at CA$10.69, well below the current level.

Li Auto launched its six-seat flagship battery-electric SUV, the Li i9, on Sept. 16, 2026, with a starting price of RMB369,800 and deliveries beginning the same week. The model features an 800-volt 5C high-voltage charging platform, Li Auto's latest-generation proprietary electric motors and the company's MACH M100 chip. The launch came as Li Auto reported second-quarter 2026 deliveries of 98,330 vehicles, down 11.5% from 111,074 units a year earlier, with total revenues falling 15.1% year over year to RMB25.7 billion and vehicle sales down 16.7% to RMB24.1 billion. Vehicle margin fell to 9.4% from 19.4%, gross margin dropped to 11% from 20.1%, and the company swung to a net loss of RMB1.7 billion from net income of RMB1.1 billion a year earlier. Li Auto ended June with a cash position of RMB87.5 billion and plans approximately RMB6 billion in capital expenditures for 2026, including investments in its supercharging network, which had more than 4,100 stations and 22,800 charging stalls by the end of July.

Qualcomm is counting on automotive and data center growth to replace its shrinking Apple business, with the first hard test arriving in the December quarter when management expects its two custom data center wins to start producing revenue. Automotive sales rose 61% year over year in fiscal Q3 2026, and management raised its fiscal 2026 annual run-rate expectation from above $6 billion in April to about $7 billion by July, helped by BMW choosing Qualcomm as lead compute silicon provider for its next-generation ADAS and digital cockpit. Apple is leaving faster than planned, with Qualcomm now expecting its share of Apple's new iPhone launch to fall materially below the 20% it had assumed and forecasting Apple product revenue to drop about 50% from the September quarter to the December quarter. Management expects non-handset revenue growth over the prior year to jump from 24% in fiscal 2026 to more than 60% in fiscal 2027, growth it says will replace all of Apple's fiscal 2026 product revenue, and it sizes data center revenue at $5 billion in fiscal 2027 and $15 billion in fiscal 2029 inside a non-handset target of $40 billion by fiscal 2029. The doubt is execution, and the CEO concedes the data center business is just starting and that investors want proof a new entrant can deliver.

Forgent Power Solutions reported fiscal fourth-quarter revenue of approximately $462 million on September 15, up 94% year over year, with bookings of $1.503 billion and backlog of $3.0 billion as of June 30, 2026. The company guided fiscal 2027 revenue to $2.4 billion to $2.6 billion, implying 76% growth at the midpoint. Fourth-quarter operating income reached $91.9 million versus $8.3 million a year earlier, and operating cash flow of $74 million exceeded $31 million of capital expenditures, though full-year fiscal 2026 operating cash flow of $109.1 million fell short of $115.9 million in property and equipment purchases. Forgent announced a $35 million expansion at its Tijuana campus for modular Powertrain Solutions, a category whose revenue rose 259% in fiscal 2026 and represented nearly one-third of fourth-quarter revenue; the project is expected to add approximately $800 million of annual revenue capacity, bringing total capacity to roughly $5.8 billion. Insider Monkey's database showed 74 hedge funds holding the stock at the end of 2Q2026, down from 76 three months earlier.

UBS has highlighted 10 industrial companies it sees as positioned for a broader capital-spending cycle, with manufacturing, transportation, defense and construction among the areas expected to gain from improving investment conditions. The list includes Lockheed Martin, United Airlines, C.H. Robinson Worldwide, BorgWarner, UL Solutions, Solstice Advanced Materials, Eaton, Advanced Drainage Systems, United Rentals and Packaging Corp. of America, according to a Wednesday report. UBS said the industrial sector is emerging from a prolonged manufacturing downturn, while inventory trends and short-cycle indicators have improved, and it pointed to stronger operating cash flow outside technology as a source of resources for investment. Among the individual companies, UBS assigned price targets ranging from $80 for Solstice Advanced Materials to $1,350 for United Rentals, with Advanced Drainage Systems carrying the largest implied upside at 62%, based on Sept. 11 closing prices. The bank cited potential catalysts including defense demand, airline earnings, freight productivity, electrification, construction activity and packaging pricing, while higher interest rates and weaker economic growth remain risks to the broader industrial outlook.

Forgent Power Solutions guided to fiscal 2027 revenue of $2.4 billion to $2.6 billion and adjusted EBITDA of $575 million to $625 million, alongside adjusted EPS of $1.26 to $1.40 and an adjusted EBITDA margin of approximately 24%, up from 22.7% in fiscal 2026. The guidance accompanied record fiscal fourth-quarter results, with revenues up 94% to $462 million and adjusted EBITDA margin expanding 200 basis points sequentially to 24.4%. For the full fiscal year, revenues rose 89% to $1.42 billion and adjusted EBITDA rose 91% to $323 million, while operating cash flow increased roughly 2.5 times to $109 million from $45 million, with management expecting more than $300 million in fiscal 2027. Chief Executive Gary Niederpruem said the company booked more than $1.5 billion of orders in the quarter alone, leaving backlog at $3 billion, and announced an incremental investment to build a dedicated 385,000 square foot Powertrain Solutions facility on its Tijuana, Mexico campus, expected online in the fourth quarter of fiscal 2027. For the first quarter of fiscal 2027, Forgent guided to revenues of $445 million to $465 million and adjusted EBITDA of $90 million to $100 million, including approximately $10 million of one-time costs, and said it will stop reporting orders and backlog quarterly while providing rolling quarterly revenue and adjusted EBITDA guidance.

Bosch aims to double its heavy-duty commercial vehicle technology sales from today's more than 4 billion euros by 2035, Dr. Markus Heyn, deputy chairman of the Bosch board of management and chairman of the Mobility business sector, said at the IAA Show in Hannover. The company expects global truck production to grow moderately by about 1 percent to approximately 3.3 million trucks this year, then to 4 million units by the mid-2030s, and says the heavy-duty segment, vehicles weighing over six metric tons, is proving more resilient than an overall global vehicle production downturn expected in 2026. A major new order from long-time partner Daimler Truck for the eActros electric truck covers electric powertrain components manufactured in Europe, and Bosch says one in three newly registered electric trucks in Europe this year will be powered by its electric motor and inverter. Bosch also plans a new joint venture with Brakes India and Wheels India, two subsidiaries of the TSF Group, to develop smart actuators for compressed air generation, compressed air treatment, air suspension, and parking brakes. The company estimates that by 2030 about one in four newly registered heavy-duty trucks worldwide will be climate-friendly, rising to about half by 2035, while it continues to optimize conventional injection systems for standards such as Euro 7.

MAHLE has announced it will present sustainable drive solutions at IAA TRANSPORTATION 2026 in Hanover, Germany, from September 15 to 20, 2026, under the theme Electrified. Efficient. Economical. The highlight is a range extender system for electric trucks, an intelligent power generating unit that combines a generator, a combustion engine, thermal management, a fuel tank, an AdBlue tank and exhaust aftertreatment in a single unit. It can be installed directly into existing electric truck platforms. The system delivers 110 kW of continuous electrical power and 130 kW of peak power, can replace roughly one third of existing battery capacity, and cuts total vehicle weight by about 600 kilograms, allowing an electric truck to travel more than 800 kilometers, split between 400 kilometers on battery and 400 kilometers on the range extender. It also reduces carbon dioxide emissions by more than 80 percent, falling to nearly zero when used with the renewable fuel HVO100. In addition, MAHLE is presenting the MCT electric motor, short for MAHLE Contactless Transmitter, for heavy-duty truck drive axles for the first time in the world. It uses no permanent magnets, cutting rare earth usage by up to 3 kilograms per vehicle, delivers a peak output of 370 kW and more than 900 newton meters of torque, and achieves efficiency of up to 95 percent in testing under the VECTO standard, while reducing drivetrain weight by 10 kilograms. Arnd Franz, chairman of the MAHLE management board and chief executive officer, said the market wants electrified solutions that are both cost-effective and practical, and called on governments and policymakers to embrace technological diversity, including battery electric vehicles, hydrogen and renewable fuels. MAHLE currently partners with more than 120 commercial vehicle manufacturers worldwide and aims to grow its commercial vehicle business faster than the market over the next five years.

24/7 Wall St. rates Qualcomm a buy with a $239.79 price target, implying 35.45% upside from the current $176.88 quote, at 90% model confidence. The call rests on Qualcomm's Q3 FY26 revenue of $9.947 billion, which beat consensus, and automotive revenue that grew 61% year over year to $1.588 billion, its 23rd consecutive double-digit growth quarter, even as non-GAAP EPS of $2.21 narrowly missed on memory and wafer input costs. Momentum accelerated after Qualcomm issued warrants to Amazon to acquire $4 billion worth of the chipmaker's stock as part of an AI infrastructure deal, and CEO Cristiano Amon has committed to more than $24 billion in revenue across automotive and IoT plus more than $15 billion in data center by fiscal 2029, nearly doubling the prior target. The bear case lands near $200.49, with handset revenue down 20% in the third quarter and management expecting roughly a 50% decline in Apple revenue from the September to December quarter, while memory and wafer inflation compressed operating income by 41.13% year over year. Broadcom, the aspirational benchmark, posted $29.591 billion in Q3 FY26 revenue with AI semiconductor sales of $16.7 billion, up 221% year over year, and carries a $1.72 trillion market cap versus Qualcomm's $188.9 billion.

Asia Plus Securities stated that August 2026 sales at DELTA Taiwan, the parent company of DELTA, came in at 64 billion Taiwan dollars, down 4% month-on-month but still up 35% year-on-year, and above the 2Q26 average of 61 billion Taiwan dollars. As a result, combined sales for the first two months of the third quarter, July 2026 through August 2026, reached 130 billion Taiwan dollars, or 41% growth year-on-year. Although parent company sales declined, DELTA's own sales in the same period do not necessarily have to fall in tandem, because parent company sales reflect the entire group including subsidiaries worldwide, which have different timing for production, product delivery, and revenue recognition. However, DELTA Thailand's sales tend to move in the same direction as the parent company, with a correlation of roughly 96%. The research team therefore expects DELTA's July 2026 to August 2026 sales to still grow better than in 2Q26, just like the parent company. In addition, the raw material shortage problems that arose in 2Q26 began to ease from July 2026. Overall, the research team views that DELTA's 3Q26 sales will grow both quarter-on-quarter and year-on-year, while margins should improve quarter-on-quarter and royalty payments as a share of sales will decline quarter-on-quarter, as products manufactured under DELTA's own technology are expected to account for a higher proportion in the second half of 2026, pushing 3Q26 profit to its highest point of the year. The research team also estimates normal profit for 2026 to 2027 at 35 to 49 billion baht, or average annual growth of 42%, and maintains its Buy recommendation, believing profit has already passed its low point for the year in 2Q26 and that second-half 2026 profit will be better than the first half. It sets a target price of 342.00 baht.

Nvidia and MediaTek announced Monday an expansion of their partnership to develop AI computing platforms across infrastructure, local computing, and automotive sectors. As part of the collaboration, Nvidia has invested $3.5 billion in convertible bonds issued by MediaTek. The partnership covers three main areas: AI infrastructure, where MediaTek will adopt Nvidia's NVLink Fusion platform to enable custom XPU development for hyperscalers and cloud providers; continued collaboration on Nvidia RTX Spark and DGX Spark PC chips for consumer and enterprise computing; and automotive platforms for AI-powered software-defined vehicles. Nvidia CEO Jensen Huang highlighted MediaTek's expertise in system-on-chip design and connectivity, while MediaTek CEO Rick Tsai emphasized the shared vision for pervasive AI computing. The NVLink Fusion platform includes multi-die XPU development with Nvidia NVLink Fusion chiplet, NVLink-C2C connectivity, and NVHBM memory capabilities.

Yingboler released its 2026 half-year report, with first-half net profit attributable to the parent company at 118 million yuan, up 216.8% year-on-year. Operating revenue was 2.42 billion yuan, up 77.1% year-on-year; non-GAAP net profit attributable to the parent was 115 million yuan, up 241.8% year-on-year; net operating cash flow was 317 million yuan, down 37.3% year-on-year; earnings per share were 0.3843 yuan. In the second quarter, operating revenue was 1.34 billion yuan, up 62.4% year-on-year; net profit attributable to the parent was 60.87 million yuan, up 130.2% year-on-year. As of the end of the second quarter, total assets were 7.558 billion yuan, up 0.9% from the end of the previous year; net assets attributable to the parent were 3.124 billion yuan, up 2.8% from the end of the previous year. The company's business is mainly concentrated in the new energy vehicle and low-altitude economy sectors. In the new energy vehicle sector, it has become a leading domestic Tier 1 supplier and is actively expanding into new energy commercial vehicles and electric motorcycles. In the low-altitude economy, its eVTOL electric propulsion systems and drone electric propulsion systems have secured project designations from multiple leading companies.

Fute Technology released its 2026 interim report on August 27. Supported by its core onboard power supply business, and benefiting from strong demand in the new energy vehicle market and expansion of overseas operations, the company achieved substantial double-digit growth in both revenue and profit during the reporting period. Operating revenue reached 2.445 billion yuan, up 65.81 percent year on year. Net profit attributable to the parent company was 158 million yuan, up 135.76 percent. Net profit after deducting non-recurring items was 152 million yuan, up 139.14 percent. Net cash flow from operating activities was 130 million yuan, a significant improvement from negative 18 million yuan in the same period last year, mainly due to revenue growth and collection of accounts receivable. Total assets at the end of the period were 4.482 billion yuan, up 10.06 percent year on year, and cash and cash equivalents increased to 826 million yuan, mainly thanks to the receipt of funds from a private placement. In terms of business structure, new energy onboard products remained the absolute mainstay, with revenue of 2.417 billion yuan in the period, accounting for nearly 99 percent of total revenue, up 71.31 percent year on year. Gross margin was 18.16 percent, down slightly by 2.07 percentage points year on year but still relatively stable. Energy management product revenue was 14.14 million yuan, down 43.10 percent year on year. The rapid growth in performance was mainly driven by strong downstream customer demand, which led to a significant increase in product sales volume. The company's customers include well-known domestic and overseas automakers such as GAC, NIO, Xiaomi and Renault. The proportion of overseas revenue rose to 21.65 percent, showing initial results from its global expansion. In addition, financial expenses fell 72.09 percent year on year, mainly due to foreign exchange gains. Research and development investment rose 35.80 percent year on year to 164 million yuan, as the company continued to strengthen its technological advantages in 800-volt high-voltage platforms, silicon carbide applications and integrated products. Although an increase in inventory write-down provisions led to larger asset impairment losses, this did not offset the profit flexibility brought by growth in the main business. Looking ahead, the global penetration rate of new energy vehicles continues to rise, especially with strong growth in Europe and emerging markets. The wider adoption of 800-volt high-voltage platforms and the implementation of bidirectional charging and discharging technology will create new incremental space for the onboard power supply industry. As an independent third-party supplier, the company is expected to further consolidate its market share by leveraging its automated manufacturing capabilities and differentiated cost advantages. However, intensifying industry competition may put pressure on gross margins, and the relatively large scale of accounts receivable carries collection risk.

Bethel released its 2026 interim report, showing first-half attributable net profit of 641 million yuan, up 22.8% year on year, and operating revenue of 6.27 billion yuan, up 21.5% year on year. Second-quarter revenue was 3.6 billion yuan, up 42.4% year on year, with attributable net profit of 373 million yuan, up 48.0% year on year. The company said its first electronic mechanical braking project achieved mass production, making it the world's first supplier to achieve a breakthrough in and mass production of fully dry electronic mechanical braking technology, and it completed the acquisition of a controlling stake in Yubei Steering. During the reporting period, the total number of projects under research rose 87.65% year on year, while newly mass-produced projects and awarded projects increased 62.60% and 52.84% respectively.

Tie Liu Stock disclosed its 2026 semi-annual report on the evening of August 25. During the reporting period, it achieved operating revenue of 1.204 billion yuan, up 1.53% year on year. Net profit attributable to shareholders of the listed company was 68.9349 million yuan, up 41.26% year on year, with profit growth clearly outpacing revenue growth. The company has formed four major business segments: core robot components, automotive transmission systems, high-precision components, and smart services for commercial vehicles. Among them, the robot components business has been positioned as a new engine for future growth. The company has established a wholly owned subsidiary, Jierfu Hangzhou Intelligent Robot Co., Ltd., as its core platform, and has set up a joint innovation system with the Yangtze River Delta Hart Robot Industry Technology Research Institute. In the high-precision components segment, the project for producing 600,000 sets of motor shafts and other core new energy vehicle parts annually has been put into operation, and orders have been obtained from Li Auto, Leapmotor, and Volkswagen. The company said it will accelerate the pace of moving new-track businesses such as core robot components and high-precision new energy vehicle components from research and development to industrialization.