Makers of car parts like brakes, seats, lights and sensors, sold both to carmakers and to repair shops for replacements.
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Automotive Parts & Equipment▲
IHL eyes more car leather seat orders after floods, hints at positive signals for Q4 2026
Wasin Damrongsakulwong, director and general manager of Interhides Public Company Limited, or IHL, told the Stock Vision news team that the company may benefit from additional orders for car leather seats after the flood situation eases, since many vehicles were damaged, creating extra demand for repairs or replacement of car leather seats. In past flood events, the company also received additional orders, but it now needs to wait for a clearer assessment of damage and market demand after the water recedes. As for the current flooding, IHL's factories have not been directly affected and internal operations remain normal. The short-term impact comes from some domestic customers asking to delay deliveries by about two to three days, and the company expects deliveries to return to normal within this week. There are no signs of overseas customers requesting delivery delays, and new orders continue to come in as usual. For the fourth quarter of 2026, the company sees the overall picture still trending well, especially the shoe leather business, which has continued to receive orders. The car leather seat business still requires monitoring of order trends after the floods ease and deliveries return to normal. The collagen factory continues to operate as planned, and revenue recognition is expected to begin in the fourth quarter of 2026. However, the company is still monitoring the government approval process for its license, which may take longer because the government is focusing on flood relief and there are public holidays.
IHL.BK · Demand · Positive Flood damage to vehicles is expected to generate additional orders for car leather seat repairs/replacements, as happened in past floods.
IHL.BK · Supply · Positive IHL's factories were not directly affected by the floods and internal operations remain normal, with only brief 2-3 day delivery delays from some domestic customers.
SCL expects rising auto repair demand after floodwaters recede, boosting business in the final stretch of 2026
SCL Motor Part Public Company Limited, or SCL, expects a positive business outlook for 2026, anticipating that demand for repair and replacement of auto parts damaged by flooding will gradually increase after the waters recede. Managing Director Sakon Tangkosakul said the company is closely monitoring the situation and is managing product inventory and planning distribution to align with market demand, in order to handle the repair demand expected to rise after the floods subside. SCL currently offers more than 200,000 parts products, covering both genuine and replacement parts, with a nationwide customer network of over 2,000 clients, including parts shops, auto repair garages, service centers, and insurance companies. The company views that continued repair demand, together with demand for parts replacement after the flood situation eases, will support growth in the auto parts market in the final stretch of the year.
SCL.BK · Demand · Positive SCL expects rising demand for auto parts repair and replacement after floodwaters recede, boosting its business in late 2026.
SCL set to benefit from post-flood repair demand, supporting growth in the final stretch of 2026
S.C.L. Motor Part Public Company Limited, or SCL, a leading distributor of automotive spare parts in Thailand, is preparing for repair and maintenance demand expected to gradually rise after the flood situation eases. Sakon Tangkosakul, the company's chief managing director, disclosed that the overall business outlook this year is better than last year, driven by continued demand for auto parts and repair components. The company assesses its business direction for 2026 as positive and is pressing ahead with inventory management while planning aggressive product distribution in line with market demand. SCL currently offers more than 200,000 spare part items, covering both genuine and replacement parts, with a nationwide customer network of over 2,000 clients, including parts shops, auto repair garages, service centers and insurance companies, which is a strength in reaching and distributing products. The company views sustained repair demand, together with demand for parts replacement after the floods, as factors supporting growth in the auto parts market in the final stretch of the year.
AH expects 2026 revenue to improve on 2025, boosted by EV and overseas markets
Yeap Su Chuan, Chief Executive Officer of Aapico Hitech Public Company Limited, or AH, told the Hoons Vision news team that the group's factories were unaffected by the flooding situation and continue to run their production lines as normal. He noted that flooding in several areas may create additional demand for replacement parts from damaged vehicles, which represents an opportunity for the auto parts business. Although Thai vehicle production capacity has yet to return to the level of 2 to 4 million units per year, the company sees the growth of electric vehicles, or EVs, together with the government's push to increase the proportion of local production, or localization, as factors opening new opportunities for domestic parts makers. On overseas markets, exports remain at normal levels, with AH having a base of major customers spread across the United States, China and Malaysia, and producing and delivering parts for the Proton brand, which helps support its overseas revenue base. As for the operating outlook for 2026, Yeap expects revenue to improve slightly from the previous year. Although the overall economy and global situation remain uncertain, the company has a strong order backlog and therefore remains confident in its medium- to long-term growth.
AH.BK · Demand · Positive CEO expects 2026 revenue to improve on strong order backlog, EV growth, localization push, and potential replacement-parts demand from flood-damaged vehicles.
Garrett Motion Beats on Revenue and Guidance, Shares Still Seen 27% Undervalued
Garrett Motion reported quarterly revenue of US$976 million, up 6.9% year on year, with EBITDA results and full-year guidance that topped analyst expectations. The stock rose 3.1% over the last day and 5.3% over the past week, though its 90-day share price return is down 18.4% after a softer 30-day stretch, while the 1-year total shareholder return stands at 103.8% and the 3-year total shareholder return at about 2.8x. The most followed narrative pegs fair value around $37.17, comfortably above the last close at $27.07, implying the shares are 27% undervalued. That narrative rests on ongoing innovation and proof of concept awards in zero emission technologies including E Powertrain, E Cooling, and fuel cell compressors, plus expansion in industrial and non automotive end markets. It also flags risks from Garrett Motion's reliance on internal combustion engine turbochargers and exposure to tariff and currency swings.
Garrett Motion reported second-quarter revenues of $976 million, up 6.9% year on year and 3.3% above analysts' expectations, with full-year EBITDA guidance also beating projections. Across the 14 electrical systems stocks tracked, group revenues beat consensus estimates by 2.3% while next-quarter revenue guidance came in 0.6% below, and share prices have fallen an average of 7% since the latest earnings results. Garrett Motion shares are down 12.1% since reporting and trade at $26.30. Among peers, Atkore posted revenues of $794.8 million, up 8.1% year on year and 4.7% above expectations, with its stock up 30.3% at $95.07, while Powell reported revenues of $311.7 million, up 8.9% but 1.6% short of estimates, and its stock is down 13.1% at $191.00. Verra Mobility reported revenues of $263.6 million, up 11.7% and 3.8% above expectations, but logged the weakest full-year guidance update of the group and saw its stock fall 46.2% to $3.02, while Sanmina reported revenues of $3.46 billion, up 69.7% and 1.8% above estimates, with its stock up 6.4% at $222.34.
Aptiv Enters Second Half of 2026 With $5 Billion in New Commercial Awards
Aptiv entered the second half of 2026 with roughly $5 billion of new commercial awards, a base that breaks down into about $2.4 billion in Intelligent Systems and $2.5 billion in Engineered Components. The company said second-quarter adjusted revenue growth accelerated sequentially to 2%, while Software & Services increased 10% and non-automotive revenues grew 12%. Aptiv also secured its first commercial award for Gen 8 automotive radar, gained an initial robotics perception-system award and expanded its collaboration with NVIDIA around production-ready Edge AI platforms. Aptiv repurchased $250 million of shares in the quarter and expects to return about half of free cash flow through buybacks over the next few years. The article also compared Aptiv with two U.S.-listed peers, BorgWarner and Magna International, noting that execution on new-program launches and conversion of technology investments into higher-margin content will shape future earnings growth.
APTV · Capital · Positive Aptiv repurchased $250 million of shares and expects to return about half of free cash flow via buybacks.
APTV · Demand · Positive Aptiv won roughly $5 billion in new commercial awards, including its first Gen 8 radar and robotics perception-system awards, signaling concrete end-customer demand.
NVDA · Technology · Positive Aptiv expanded its collaboration with NVIDIA around production-ready Edge AI platforms, a technology partnership.
Kodiak AI Taps IKEA Supply as First Driverless Freight Customer
Kodiak AI plans to make IKEA Supply its first customer for driverless long-haul freight service by the end of this year. The planned launch would remove the safety observer from the cab on a 219-mile leg, primarily along Interstate 45 between Kodiak's Houston and Dallas-area facilities, a key segment of an existing 292-mile route from IKEA's Baytown distribution center to its Frisco store. The announcement builds on four years of supervised autonomous deliveries for IKEA, during which Kodiak says it has carried more than 1,300 loads and logged over 750K miles with a safety observer aboard. Kodiak began its long-haul launch program in August and said its trucks now complete runs between Lancaster, Texas, and Houston without the observer intervening, though the company must finish its highway safety case before removing the observer. Kodiak AI was founded in 2018 and developed the Kodiak Driver, an autonomous-driving system for trucks and other vehicles; the Mountain View, California-based company went public on September 25, 2025, when its shares began trading on Nasdaq following a SPAC transaction with Ares Acquisition Corporation II. Shares of Kodiak AI were up 1.8% in premarket trading after peeling off 13.0% on Thursday.
KDK · Demand · Positive IKEA Supply becomes Kodiak's first driverless long-haul freight customer, a concrete commercial order for its autonomous trucking service
IKEA Supply AG · Supply · Positive IKEA Supply gains an autonomous freight option on its Baytown-to-Frisco route, improving its logistics capacity
Niterra Cancels Acquisition of Denso's Spark Plug Business
Niterra announced on the 2nd that it has decided to cancel its acquisition of Denso's spark plug and exhaust sensor businesses, including oxygen sensors and air-fuel ratio sensors, and to sign an agreement terminating the contract. Denso requested the cancellation, citing changes in the market environment and a review of its policy regarding the businesses in question, and Niterra accepted the request. The acquisition had been announced on September 1, 2025, and the company had continued discussions toward completing it, but it judged that prolonged negotiations would increase uncertainty over the businesses' future prospects, affect the formulation of integration plans, and reduce the benefits of the acquisition. The full-year earnings forecast for the fiscal year ending March 2027 had incorporated preparation costs for the acquisition, but the company says the impact of the cancellation on its results will be minor. As for the Medium-Term Management Plan 2030 announced in November 2025, the company plans to re-examine its business plan, including capital allocation for growth investments, and announce it at a later date.
5334.JP · Capital · Neutral Niterra's acquisition of Denso's spark plug and sensor businesses was cancelled at Denso's request, removing a planned growth investment though the company says the earnings impact is minor.
6902.JP · Capital · Neutral Denso requested cancellation of the sale of its spark plug and exhaust sensor businesses to Niterra, citing market environment changes and a policy review.
SCL says spare-part demand is surging, floods lift repair volumes, business this year better than last
Sakol Tangkosakul, chief executive officer of S.C.L. Motor Part Public Company Limited, or SCL, a leading distributor of automotive spare-part products covering Thailand's major car brands, told Than Hoon that the company's overall business this year is trending better than last year, driven by continued demand for auto parts and repair components, especially after flooding in several areas damaged vehicles and increased demand for repairs and part replacements. The company said it is ready to meet that demand through its supply-chain network and a wide range of spare-part products covering leading car brands. It also expects the growing base of older vehicles on the road to remain a key market supporting continued growth in the aftermarket, even as new-car sales or the economy may slow at times. On expansion strategy, SCL recently brought in several new brands as partners, exceeding its target and ahead of schedule, and it is still developing cooperation with additional global partners, with several projects underway.
Worksport Launches COR Portable Energy System on Amazon Marketplace
Worksport Ltd. announced that its WorksportCOR Portable Energy System is now available for purchase through Amazon's online marketplace, opening a new sales channel beyond the company's own web platform. The COR delivers up to 2,000 watts of AC output and uses swappable, 960-watt-hour lithium iron phosphate battery packs, with the starter bundle including one inverter and one battery currently listed at $799 on Worksport's website. The launch follows Worksport's previously announced completion of COR's North American certification process, including key UL and CSA approvals, and the company said it will evaluate distribution of the Worksport SOLIS Solar Folding Truck Bed Cover via Amazon in Q4 2026. Chief Executive Officer Steven Rossi said the Amazon channel gives Worksport another way to reach customers and establish the company in the portable-energy market, a category Persistence Market Research forecasts will grow from approximately $1.8 billion globally in 2026 to $4.9 billion by 2033, a projected compound annual growth rate of 15.4%. Rossi added that Worksport will evaluate expanding into other Amazon markets in South America and Europe as it grows COR sales through the marketplace.
Songyuan Safety Plans to Buy Back Shares Worth 50 Million to 100 Million Yuan
Songyuan Safety announced that the company plans to buy back shares worth 50 million to 100 million yuan to maintain company value and shareholder equity, and the repurchased shares will be used for sale. The buyback price will not exceed 21.03 yuan per share.
Taiyo Yuden and TDK Form Business Alliance; Ito En to Abolish Shareholder Benefits
Among the individual announcements made on the 29th, Taiyo Yuden revealed that it will sign a business alliance agreement with TDK covering joint development of electronic components and other areas. Sekichu raised its standalone operating profit forecast for the fiscal year ending February 2027, while Ito En will abolish its shareholder benefit program. Honey's Holdings posted a sharp profit decline in its consolidated results for the first quarter of the fiscal year ending May 2027, covering June to August 2026. BB Tower won a large order from a global IP company for storage products and maintenance services, with the order value at approximately 3.8 billion yen. Bank Innovate announced a consolidated operating profit forecast of 2.02 billion yen for the fiscal year ending September 2026, down 6.2 percent from the previous year, figures it had previously left undisclosed, and Nifco announced it will cancel treasury shares equivalent to 9.78 percent of its total issued shares, effective October 7.
PACO rides weak baht to support margins, keeps 2026 sales target near 978.99 million baht
Somchai Lertkhajornkitti, Chief Executive Officer of President Automobile Industries Public Company Limited, or PACO, a leader in the production of automotive air-conditioning components, disclosed that the company has revised down its 2026 sales target to a level close to the previous year, when 2025 sales came in at approximately 978.99 million baht, from an earlier expectation of growth above the prior year. The revision stems from the conflict situation in the Middle East, which has stretched shipping times to overseas markets from the normal two to three weeks to roughly two months, delaying revenue recognition. Nevertheless, the weakening of the baht against the US dollar is a positive factor for export revenue and profit margins. The company aims to maintain its gross profit margin at approximately 15 to 20 percent and its net profit margin at approximately 12 to 13 percent. For the fourth quarter of 2026, the company expects operating results to hold steady near the level of the preceding period, even though aluminium raw material prices have risen, and it does not expect the recent flooding to significantly increase demand for automotive air-conditioning parts. As for the outlook for 2027, the company assesses that the domestic market has room for slight growth, while overseas markets could recover more strongly if the conflict is resolved and logistics return to normal. It is currently preparing its business plan and operating targets for 2027, which are expected to become clear during November to December 2026.
PACO.BK · Geopolitics · Negative Middle East conflict has stretched shipping times to overseas markets from 2-3 weeks to about two months, delaying revenue recognition and prompting the 2026 sales target cut.
PACO.BK · Monetary · Neutral Weak baht versus the US dollar is cited as a positive for PACO's export revenue and margins, but the company also cut its 2026 sales target due to Middle East conflict shipping delays.
FPI joins CEER to launch EXOBOT, Saudi Arabia's first two EV models
Fortune Parts Industry Public Company Limited, or FPI, took part in the official launch of the first electric vehicles from CEER, a Saudi Arabian electric vehicle manufacturer, under the name EXOBOT, in Saudi Arabia. Sompol Tanadumrongsak, Chairman of the Executive Board and Managing Director, attended the event. The vehicles unveiled were the EXOBOT SUV and the EXOBOT Sedan, the first two flagship models from CEER's plan to launch a total of seven models within five years. Both models deliver a maximum of 1,111 horsepower and peak torque of 1,500 newton-metres. FPI attended as a Strategic Partner of CEER, producing several plastic components for the electric vehicle maker, reflecting its role in the overseas electric vehicle industry supply chain. The event also gave FPI the opportunity to follow technology trends and developments in Saudi Arabia's electric vehicle market, as well as to strengthen relationships with partners in the automotive industry to capture future business opportunities.
FPI.BK · Demand · Positive FPI is a Strategic Partner of CEER producing plastic components for its EXOBOT EVs, tying it to the new vehicle program's supply chain.
Toyoda Gosei to Build New Auto Parts Plant in Maharashtra, India
Toyoda Gosei Co., Ltd. is establishing a new plant in the Maharashtra Bidkin Industrial Area to expand its business in India's growing automobile market. The plant will produce large interior and exterior products such as bumpers and instrument panels, with operations scheduled to start in the first half of 2029. It will be built as a branch plant of Toyoda Gosei Group company Toyoda Gosei South India Pvt. Ltd. and will be Toyoda Gosei's eighth location in India. The investment is approximately INR 5.758 billion, or roughly JPY 9.3 billion, and the plant is expected to employ approximately 570 people by 2030. The new facility will use the latest large molding machines, IoT and DX production management systems, and smart automated processes combining collaborative robots and karakuri technology, and it is being built to meet increasing production capacity of Japanese automakers, the company's main customers.
7282.JP · Capital · Positive Toyoda Gosei is investing ~INR 5.758bn (JPY 9.3bn) to build a new auto parts plant in Maharashtra, India, expanding its production footprint.
Songyuan Safety Chairman Hu Chanming Proposes Buyback of 50 Million to 100 Million Yuan in Shares
Songyuan Safety announced on September 29 that controlling shareholder, actual controller, and chairman Hu Chanming proposed the company use its own funds and or self-raised funds to buy back part of its shares, with a buyback amount of no less than 50 million yuan and no more than 100 million yuan. The buyback price ceiling is 150% of the average trading price over the 30 trading days before the board approves the plan, and the buyback period is within 3 months from the date the board approves the plan. In the first half of 2026, Songyuan Safety achieved revenue of 1.389 billion yuan and net profit attributable to the parent of 124 million yuan.
300893.CS · Capital · Positive Controlling shareholder and chairman Hu Chanming proposed a 50-100 million yuan share buyback, a financial/valuation event for the company.
Xuelong Group hits four consecutive limit-ups with a 46.49% surge, warns P/E of 43.54 far exceeds industry average risk
Xuelong Group disclosed an announcement on abnormal stock trading fluctuations on the evening of September 29. The company's stock saw its closing price deviation exceed 20% cumulatively over three consecutive trading days on September 24, September 28, and September 29, triggering abnormal fluctuation conditions. Over four trading days on September 23, September 24, September 28, and September 29, Xuelong Group's share price hit the daily limit-up each day, with a cumulative gain of 46.49%; from September 22, 2026 to September 29, the cumulative closing price deviation over five consecutive trading days was 48.27%. The announcement cited the latest data from China Securities Index Company, saying the company's latest price-to-earnings ratio is 43.54, while the latest static P/E ratio for the automobile manufacturing industry is 21.69. The company warned that the stock's rapid short-term rise could trigger a quick pullback risk. As of September 29, 2026, the company's actual controllers He Cailin, He Pinyan, and He Qunyan directly or indirectly controlled a total of 142 million shares, accounting for 67.52% of the company's equity, while the remaining external tradable shares accounted for 32.48%, a relatively small proportion that may carry irrational speculation risk. Over the above five trading days, the company's cumulative turnover rate was 14.19%, a significant increase. After self-inspection and verification, the company said there are no major matters that should be disclosed but have not been disclosed, and that production and operations are currently normal, with no major adjustments in the market environment or industry policies. The company's 2026 semi-annual report shows that in the first half of the year it achieved operating revenue of 240 million yuan, up 13.12% year on year; net profit attributable to the parent company was 48.13 million yuan, up 16.61% year on year; and non-GAAP net profit was 39.24 million yuan, up 15.30% year on year. It also plans to distribute a cash dividend of 0.20 yuan per share, tax included, to all shareholders.
603949.CG · Capital · Negative Company warns its P/E of 43.54 far exceeds the auto industry's 21.69 and that the rapid 46.49% surge risks a quick pullback, with a small free float inviting irrational speculation.
Songyuan Safety's controlling shareholder proposes buyback of 50 million to 100 million yuan worth of shares
Songyuan Safety announced that the company received a proposal from Hu Chanming, its controlling shareholder, actual controller, and chairman, to use its own funds and or self-raised funds to repurchase part of the company's shares through centralized bidding, for the purpose of maintaining company value and shareholder equity as necessary. The total buyback amount shall be no less than 50 million yuan and no more than 100 million yuan, and the buyback price ceiling shall not exceed 150% of the average trading price of the stock over the thirty trading days prior to the board's approval of the buyback plan. The buyback period shall be within three months from the date of board approval.
Roadrover Technology's controlling shareholder Zoomlion plans share transfer; control may change and trading halted
Roadrover Technology announced on the evening of September 29 that its controlling shareholder Zoomlion Heavy Industry Science and Technology is planning to transfer its shares in the company through methods including an agreement-based transfer. The counterparty belongs to the new energy battery industry, and the matter could lead to a change in the company's control. Trading in the company's shares will be suspended from the market open on September 30, with the suspension expected to last no more than two trading days. The announcement showed that the relevant agreement has not yet been signed, and the planned change of control still carries some uncertainty, with the possibility of termination not ruled out. Roadrover Technology hit its daily limit up on September 29, and its share price has risen more than 20 percent since the start of September, though it is still down about 9.13 percent cumulatively this year. The company's 2026 semi-annual report showed that consolidated operating revenue during the reporting period was 153 million yuan, down 16.38 percent year on year. Net profit attributable to shareholders of the listed company was a loss of 22.02 million yuan, compared with a loss of 46.51 million yuan in the same period last year, narrowing the loss by 52.65 percent year on year.
002813.CS · Capital · Neutral Controlling shareholder plans share transfer that could change control; agreement unsigned and termination possible, so impact is uncertain.
000157.CS · Capital · Neutral Zoomlion plans to transfer its Roadrover stake via agreement, a capital/M&A move whose outcome and impact on Zoomlion are unclear.
Roadrover Technology's controlling shareholder Zoomlion plans to transfer shares; company control may change
Roadrover Technology announced on the evening of September 29 that it had received notice that day from its controlling shareholder Zoomlion, which is planning to transfer its shares in the company through methods such as a negotiated transfer. The counterparty in this transaction is in the new energy battery industry, and the matter could lead to a change in the company's controlling stake. Given that the matter is still being planned and negotiated, significant uncertainty remains, and the specific details of the transaction still need to go through internal procedures by both parties. Following the company's application to the Shenzhen Stock Exchange, trading in the company's shares will be suspended from the market open on September 30, with the suspension expected to last no more than two trading days. In 2022, Zoomlion became Roadrover Technology's controlling shareholder by acquiring shares held by the company's original actual controller, and its direct shareholding now stands at 53.82 percent. However, in the more than four years since taking control, Roadrover Technology's weak performance has not turned around. The company lost 27.43 million yuan in 2023, its loss widened to 55.41 million yuan in 2024, and the loss climbed further to 93.24 million yuan in 2025. In the first half of 2026, the company posted revenue of 153 million yuan, down 16.38 percent year on year, while net profit attributable to the parent company remained in the red at a loss of 22.02 million yuan. Zoomlion had previously tried to revive Roadrover Technology as a listed platform through asset injection. In early 2023, it launched a plan to reorganise and list its subsidiary Zoomlion Intelligent Access Machinery together with Roadrover Technology. The deal was expected to constitute a backdoor listing, but it was ultimately terminated in September 2024. On September 29, Roadrover Technology's share price surged by the daily limit on heavy volume, closing at 26.38 yuan per share, with a latest market value of about 3.17 billion yuan.
002813.CS · Capital · Neutral Controlling shareholder Zoomlion plans to transfer its shares, potentially changing control; trading suspended amid uncertainty.
000157.CS · Capital · Neutral Zoomlion, Roadrover's controlling shareholder, plans to transfer its 53.82% stake to a new-energy-battery counterparty, a capital/M&A move with uncertain outcome.
中联高机 · Capital · Neutral Zoomlion's subsidiary was previously proposed for asset injection into Roadrover, but the current stake-transfer plan is only indirectly related.
ECARX Holdings Posts 1H GAAP EPS of -$0.06 on $356.7M Revenue
ECARX Holdings reported first-half GAAP earnings per share of -$0.06, with revenue of $356.7M, up 10.3% year over year. The results were disclosed in a company press release. ECARX Holdings is listed under the ticker ECX.
PACO Expects Only Slight Rise in Auto Air-Conditioning Parts Sales After Bangkok Floods
Somchai Lertkhajornkitt, Chief Executive Officer of President Automobile Industries Public Company Limited, or PACO, disclosed that domestic sales of replacement automotive air-conditioning parts are likely to rise only slightly from the flooding in the Bangkok area, as relatively few vehicles are expected to need replacement parts. Most car owners are likely to choose to have their air-conditioning systems cleaned rather than replace all components, based on the company's experience with the floods in Hat Yai, where most vehicle owners brought their cars in mainly for air-conditioning system flushing services. The parts most likely to need replacing are mostly low-value items such as desiccants, air filters, and expansion valves. As for the operating performance trend in the third quarter of 2026, it is expected to be close to the same period last year. Exports account for approximately 65% of total revenue, with the main market in the Middle East, which was previously affected by the war situation, forcing shipping routes to be changed and delaying deliveries, though the situation has now begun to return to normal while orders remain stable. Meanwhile, domestic sales in the third and fourth quarters are likely to slow slightly due to seasonal factors from the rainy and winter seasons. Overall operations in 2026 are expected to be flat compared with last year, with the company continuing to focus on maintaining profit levels close to last year's amid challenges from the domestic economy, overseas war situations, and the price of a key raw material, aluminium, which has risen considerably. However, the company is still supported by the strengthening US dollar, which helps offset rising costs.
PACO.BK · Demand · Negative PACO expects only a slight rise in replacement auto air-conditioning parts sales from Bangkok floods, as most owners will just clean systems rather than replace components.
PACO.BK · Supply · Negative The price of key raw material aluminium has risen considerably, pressuring costs and profit levels.
Xiangyang Automobile Bearing Clarifies Robot Concept: Reducer Bearing Revenue Only RMB 131,400 and Not Yet Profitable
Xiangyang Automobile Bearing disclosed an announcement on abnormal stock trading after market close on September 28, stating that the cumulative deviation of its closing price gains over two consecutive trading days reached 26.01%. The company clarified that some precision bearing products can be applied to harmonic reducers and RV reducers, and trial production and sample delivery have been completed. However, as of now, cumulative operating revenue is only RMB 131,400, with no overseas customers involved, accounting for a low proportion of overall operating revenue, and the business has not yet achieved profitability. It remains in the market expansion stage and will not have a significant impact on performance in the short term. This is not the first time the company's stock has moved abnormally due to the robot concept. In March 2025, the cumulative deviation of its closing price gains over ten consecutive trading days reached 105.17%, and at that time the company clarified that there was no market application for robot bearings yet. In terms of fundamentals, the company's 2026 semi-annual report showed first-half operating revenue of RMB 703 million, down 11.66% year-on-year, and net profit attributable to shareholders of the listed company was negative RMB 20.6123 million, with losses widening year-on-year, mainly affected by declining sales at major domestic passenger vehicle customers and continued losses at its overseas plant in Poland.
000678.CS · Demand · Negative Company clarified its robot/reducer bearing business has only RMB 131,400 revenue, no overseas customers, and is not yet profitable, while H1 revenue fell 11.66% on declining sales at major domestic passenger vehicle customers.
Joyson Electronics' intelligent driving business enters mass production, taps into intelligent computing center supply chain
Leading auto parts maker Joyson Electronics recently held an earnings briefing, saying its intelligent driving business is gradually entering the stage of mass production and delivery, and has already entered the supply chain systems of leading domestic and overseas companies. According to the company's semi-annual report, in the first half of 2026 the intelligent driving business entered mass production and delivery, with domestic and global customer project nominations being advanced at full speed. Overseas, the company has secured mass production project nominations and project validation cooperation from European, Japanese and Korean original equipment manufacturers, and its products will serve global markets including Europe and Asia. In the intelligent computing center field, in response to the higher requirements that AI data centers place on highly reliable power supply and distribution, energy management, thermal management and system integration, the company is accelerating the development of products and integrated solutions such as AC/DC power conversion units, high-power DC/DC power conversion units, fully immersed liquid-cooled power cabinets, and coolant distribution units. Huatai Securities is optimistic that the company's intelligent driving business is gradually entering the mass production stage, while new businesses such as emerging intelligent agents and AI data centers continue to expand, which is expected to open up long-term growth space. Guotai Haitong Securities expects that strategic emerging industries such as emerging intelligent agents are likely to create a brand-new growth curve for the company.
600699.CG · Demand · Positive Intelligent driving business entered mass production and delivery, with project nominations from domestic and overseas OEMs, signaling concrete product orders.
600699.CG · Technology · Positive Accelerating development of AI data center products such as AC/DC and DC/DC power units, liquid-cooled power cabinets, and coolant distribution units.
Jifeng Auto Parts Secures 9.2 Billion Yuan Passenger Car Seat Assembly Project
Jifeng Auto Parts announced on the evening of September 24 that its holding subsidiary Grammer Vehicle Parts Harbin Co., Ltd. received a nomination letter from a customer, securing a passenger car seat assembly project from a leading automaker. The company will develop and produce complete vehicle seat assembly products for the customer. The project is expected to start mass production in May 2028, with a life cycle of seven years and an estimated total life cycle value of 9.2 billion yuan, coming from new models of an existing Jifeng customer. Jifeng Auto Parts said that winning another project from an existing customer reflects the customer's recognition of the company's capabilities and services, and the growing order backlog also creates conditions for economies of scale in future production. So far this year, Jifeng Auto Parts has disclosed passenger car seat business project nominations four times. Including this 9.2 billion yuan project, the total value of publicly disclosed passenger car seat project nominations this year is approximately 14.04 billion yuan. As of June 30 this year, the company's cumulative passenger car seat projects on hand reached 35, with total estimated sales over the full life cycle of approximately 120 billion yuan.
603997.CG · Demand · Positive Secured a 9.2 billion yuan passenger car seat assembly project nomination from an existing automaker customer, adding to its order backlog.
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Automotive Parts & Equipment▲
FPI expects second half of 2026 to outperform first half, supporting Saudi production base and paving way into European markets
Fortune Parts Industry Public Company Limited, or FPI, expects its performance in the second half of 2026 to grow better than the first half, driven by increased investment in moulds to support orders and by expansion in overseas markets, especially the Middle East. Sompol Tanadumrongsak, Chairman of the Executive Board and Managing Director, disclosed that although sales in the Middle East in the second quarter of 2026 fell by an average of about 20%, FPI still grew against the market, with second-quarter 2026 sales rising about 8 to 10%, benefiting from the aftermarket or replacement parts business, where demand increased after some OEM manufacturers ran into product delivery problems. The company has a logistics advantage in the Middle East, shipping goods from Jeddah and Al Khobar to the GCC group including Kuwait, Qatar, Oman and Bahrain using its own trucks, which cuts costs by 30% compared with competitors that rely on sea freight, while diesel prices stand at about 10 baht per litre. FPI is pressing ahead with a new plant in Saudi Arabia to upgrade it into a production and distribution hub for the MENA region and to extend its market reach into Europe, while expanding its partnerships from Japanese and Korean carmakers to European carmakers, both in the aftermarket such as Alfa Romeo and Fiat and in the OEM group such as Peugeot.
FPI.BK · Demand · Positive FPI expects H2 2026 to outperform H1 on increased mould investment to support orders and overseas expansion, with Q2 2026 sales up 8-10% on aftermarket demand.
FPI.BK · Supply · Positive New Saudi Arabia plant to become a MENA production/distribution hub, plus logistics advantage shipping from Jeddah and Al Khobar cutting costs 30%.
Nexteer Opens New Liuzhou Plant to Expand Steering and Motion Control Output
Nexteer Automotive officially opened its new plant in Liuzhou, China, on Sept. 24, 2026, a comprehensive upgrade of its smart manufacturing and supply chain collaboration capabilities. The plant covers more than 40,000 square meters and includes modern production facilities, R&D and laboratory areas, a test track and an employee center, and will focus on Column-Assist Electric Power Steering systems, Manual Steering Gears, motor controller modules, controllers, motors and related components. Since establishing operations in Liuzhou in 2015, Nexteer has produced more than 12 million steering system units at its Liuzhou operations, and the new site is intended to meet growing demand from domestic and global customers and support expansion into overseas markets such as Southeast Asia. A supplier collaboration industrial park planned around the new plant is meant to deepen value-chain cooperation and strengthen supply chain resilience and localized support. Jun Li, Senior Vice President, CSO, CTO and Asia Pacific Divisional President, called the opening an important milestone and a commitment to continued investment in China, while President, Global COO and Executive Board Director Robin Milavec said the plant strengthens Nexteer's global manufacturing network and supports industrialization of its Motion-by-Wire portfolio across steering, braking and software. The plant will work with Nexteer's Asia Pacific Technical Center in Suzhou and the company's global manufacturing network.
1316.HK · Supply · Positive Nexteer opened a new Liuzhou plant expanding steering and motion-control production capacity to meet growing domestic and global customer demand.
Jifeng Auto Parts Subsidiary Secures Seat Assembly Nomination from Major OEM with Lifecycle Value of 9.2 Billion Yuan
Jifeng Auto Parts announced on September 24 that its controlling subsidiary, Grammer Vehicle Parts Harbin Co., Ltd., has received a passenger car seat assembly project nomination from a major original equipment manufacturer. The subsidiary will develop and produce complete vehicle seat assembly products for the customer. According to the customer's plan, the project is expected to start mass production in May 2028, with a project lifecycle of seven years and an estimated total lifecycle value of 9.2 billion yuan. In the first half of 2026, Jifeng Auto Parts achieved revenue of 13.078 billion yuan and net profit attributable to the parent company of 365 million yuan.
603997.CG · Demand · Positive Controlling subsidiary Grammer Harbin secured a seat assembly nomination from a major OEM with 9.2 billion yuan lifecycle value, a concrete order win.
格拉默车辆部件（哈尔滨）有限责任公司 · Demand · Positive The subsidiary itself received the passenger car seat assembly project nomination and will develop and produce the seats for the OEM.
Jifeng Auto Parts announced on the evening of September 24 that its controlling subsidiary Grammer Harbin recently received a nomination letter from a customer, securing a passenger car seat assembly project from a leading automaker. The company will develop and produce complete vehicle seat assembly products for the customer. According to the customer's plan, the project is expected to begin mass production in May 2028, with a project life cycle of seven years and an estimated total life cycle value of 9.2 billion yuan. Jifeng Auto Parts said the newly awarded project represents the existing customer once again nominating the company for a new vehicle model, reflecting the customer's recognition of the company's capabilities and services. The continuous accumulation of orders on hand also creates conditions for economies of scale in future production. The project is not expected to have a significant impact on the company's performance this year, but it will help increase future annual revenue. The company also cautioned that the nomination letter does not constitute a sales contract, and risks such as delays, changes, suspension, or termination of the nominated project may arise due to unforeseeable circumstances or force majeure. Jifeng Auto Parts' 2026 interim report showed that during the reporting period, the company achieved operating revenue of 13.078 billion yuan, up 24.28 percent year on year, and net profit attributable to the parent company of 365 million yuan, up 137.26 percent year on year. As of June 30, the company had a total of 35 nominated passenger car seat projects on hand, with estimated total life cycle sales of approximately 120 billion yuan.
603997.CG · Demand · Positive Controlling subsidiary Grammer Harbin won a 9.2 billion yuan passenger car seat assembly nomination from a leading automaker, adding to its order backlog.
格拉默车辆部件（哈尔滨）有限责任公司 · Demand · Positive Grammer Harbin received the nomination letter for the 9.2 billion yuan seat assembly project, which is expected to start mass production in May 2028.
Jifeng Shares announced that its controlling subsidiary Grammer Harbin has received a nomination letter from a leading automaker, securing a nomination for a passenger car seat assembly project. The subsidiary will develop and produce complete vehicle seat assembly products for the customer. The project is expected to start mass production in May 2028, with a life cycle of seven years and an estimated total value of 9.2 billion yuan. The company stated that this nomination will not have a significant impact on this year's performance, but will help increase future annual business revenue.
603997.CG · Demand · Positive Controlling subsidiary Grammer Harbin secured a 9.2 billion yuan passenger car seat assembly project nomination from a leading automaker, boosting future revenue.
格拉默车辆部件（哈尔滨）有限责任公司 · Demand · Positive Grammer Harbin received the nomination letter to develop and produce complete vehicle seat assemblies for the automaker, a 9.2 billion yuan project.
Jifeng Shares' Controlling Subsidiary Wins Passenger Car Seat Assembly Project Nomination with Total Lifecycle Value of 9.2 Billion Yuan
Jifeng Shares announced on September 24 that its controlling subsidiary Grammer Harbin recently received a nomination letter from a customer, securing a passenger car seat assembly project from a major automaker. The company will develop and produce complete vehicle seat assembly products for the customer. According to the customer's plan, the project is expected to start mass production in May 2028, with a project lifecycle of seven years and an estimated total lifecycle value of 9.2 billion yuan.
603997.CG · Demand · Positive Controlling subsidiary Grammer Harbin won a passenger car seat assembly project nomination with 9.2 billion yuan total lifecycle value, a concrete order win.
格拉默车辆部件（哈尔滨）有限责任公司 · Demand · Positive Grammer Harbin received the customer nomination letter for the passenger car seat assembly project worth 9.2 billion yuan over its lifecycle.
Aolian Electronics' 21.2% stake changes hands at a 20.26% premium; actual controller becomes Chen Yang
Aolian Electronics' controlling shareholder Ruiying Assets plans to transfer its 21.2% stake in the company by agreement at 19.29 yuan per share, a 20.26% premium over the pre-suspension closing price of 16.04 yuan, for a total consideration of about 700 million yuan. Of this, 16.2% will go to Juntu Tianze and 5% to Quzhou Xin'an Guanghe. After the deal, the controlling shareholder will change from Ruiying Assets to Juntu Tianze, and the actual controller will change from Qian Mingfei to Chen Yang. Trading in the shares will resume from the market open on September 24. The new actual controller Chen Yang is chairman and legal representative of Wuxi Langxian Lightweight Technology, which is also in the auto parts industry. Wuxi Langxian filed for IPO tutoring with the Jiangsu Securities Regulatory Bureau in January 2022, and the tutoring status is now withdrawn. Juntu Tianze and its actual controller have promised not to inject assets held by related parties into the listed company through major asset restructuring within 36 months of the deal's completion. Previously, in December 2025, Ruiying Assets had planned to transfer a 19.09% stake to Tianjin Chaocheng Innovation, but the plan was terminated in February this year because the transaction payment was not received in full. Aolian Electronics is embroiled in securities misrepresentation litigation arising from its cross-sector perovskite venture, and as of the first half of this year its estimated liability balance was still as high as 60.5262 million yuan. In the first half of 2026, the company reported revenue of 173 million yuan, down 20.11% year on year, and net profit attributable to shareholders of the listed company of negative 14.94 million yuan, compared with 1.79 million yuan a year earlier.
300585.CS · Capital · Neutral Control stake transfer at 20.26% premium changes actual controller to Chen Yang, but company faces misrepresentation litigation and H1 2026 net loss of 14.94 million yuan.
Guangxi Ruiying Asset Management Co., Ltd. · Capital · Neutral Ruiying Assets is selling its 21.2% controlling stake at a 20.26% premium, ending its control of Aolian Electronics.
Juntu Tianze (Wuxi) Investment LP · Capital · Positive Juntu Tianze acquires 16.2% stake and becomes controlling shareholder of Aolian Electronics.
衢州信安广合 · Capital · Neutral Quzhou Xin'an Guanghe acquires a 5% stake in Aolian Electronics as part of the control transfer.
Jifeng Shares' controlling subsidiary secures passenger car seat assembly project nomination with estimated total value of 9.2 billion yuan
Jifeng Shares announced that its controlling subsidiary has secured a passenger car seat assembly project nomination, with an estimated total lifecycle value of 9.2 billion yuan. On the same evening, Halo New Network plans to make an additional investment of 1.265 billion yuan in the Helinger Intelligent Computing Center project, China Life plans to contribute no more than 4.5 billion yuan to participate in a partnership enterprise investing in high-quality unlisted equity in the artificial intelligence and semiconductor sectors, and Digital Zhengtong's wholly-owned second-tier subsidiary plans to purchase servers for 576 million yuan. Biwin Storage completed its first buyback of 1.0447 million shares on the same day at a cost of 222 million yuan; Seres' largest shareholder and its concert parties increased their holdings by 4.1501 million shares, Inovance Technology's largest shareholder plans to increase holdings by 150 million to 200 million yuan, and Chacha Food plans to buy back shares worth 50 million to 100 million yuan. China Railway Signal and Communication won three important railway market projects from July to August, with a total value of approximately 976 million yuan; ST Yitong will have its delisting risk warning removed starting September 29. In addition, Montage Technology's third-largest shareholder WLT plans to reduce its holdings by no more than 2.33 million shares, and Sanan Optoelectronics' actual controller Lin Xiucheng has been criminally detained on suspicion of embezzlement and misappropriation of funds.
002557.CS · Capital · Positive Plans to buy back shares worth 50 million to 100 million yuan.
300124.CS · Capital · Positive Largest shareholder plans to increase holdings by 150 million to 200 million yuan.
603997.CG · Demand · Positive Controlling subsidiary secured a passenger car seat assembly project nomination worth an estimated 9.2 billion yuan lifecycle value.
688009.CG · Demand · Positive Won three important railway market projects from July to August worth approximately 976 million yuan.
688525.CG · Capital · Positive Completed its first buyback of 1.0447 million shares at a cost of 222 million yuan.
300211.CS · Regulation · Positive ST Yitong will have its delisting risk warning removed starting September 29, a regulatory status change for the company.
Jifeng Auto Parts subsidiary Grammer wins seating assembly nomination from major OEM, estimated at 9.2 billion yuan over 7 years
Jifeng Auto Parts announced after market close on September 24 that its controlling subsidiary, Grammer Vehicle Parts Harbin Co., Ltd., recently received a nomination letter from a customer and was awarded a passenger car seat assembly project by a major OEM. The subsidiary will develop and produce complete vehicle seat assembly products for the customer. According to the customer's plan, the project is expected to start mass production in May 2028, with a life cycle of 7 years and an estimated total life cycle value of 9.2 billion yuan. The announcement noted that this newly awarded project represents the existing customer once again nominating the company for a new vehicle model, reflecting the customer's recognition of the company's capabilities and services. The company also cautioned that the nomination letter does not constitute a sales contract, there is uncertainty regarding the actual progress of the project, and it is not expected to have a material impact on this year's results, but it will help increase future annual revenue. The semi-annual report showed that Jifeng Auto Parts achieved operating revenue of 13.078 billion yuan in the first half of the year, up 24.28 percent year on year, while net profit attributable to shareholders of the listed company was 365 million yuan, up 137.26 percent year on year.
603997.CG · Demand · Positive Jifeng's subsidiary Grammer won a passenger car seat assembly nomination from a major OEM, estimated at 9.2 billion yuan over 7 years, boosting future revenue.
格拉默车辆部件（哈尔滨）有限责任公司 · Demand · Positive Grammer Vehicle Parts Harbin was awarded the seat assembly project by a major OEM, with mass production planned for May 2028 and a 7-year life cycle.
Aolian Electronics Control Set to Change Hands, Juntu Tianze Acquires 21.2% Stake for 700 Million Yuan with 60-Month Lock-up Pledge
After a two-day trading halt, Aolian Electronics has officially unveiled its control change plan. Controlling shareholder Guangxi Ruiying Asset Management plans to transfer 21.2% of the company's shares via agreement for approximately 700 million yuan, and trading in the company's stock will resume from market open on September 24. According to an announcement on the evening of September 23, Ruiying Asset signed a share transfer agreement on September 21 with Juntu Tianze Wuxi Investment Partnership, transferring 27.72 million shares, or 16.20% of total share capital, at 19.29 yuan per share for a consideration of approximately 535 million yuan. On the same day, it signed an agreement with Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership to transfer approximately 8.5556 million shares, or 5% of total share capital, also at 19.29 yuan per share for a consideration of 165 million yuan. The combined consideration of the two agreements totals approximately 699.6 million yuan. After the transaction is completed, the company's controlling shareholder will change from Ruiying Asset to Juntu Tianze, and the actual controller will change from Qian Mingfei to Chen Yang, who is the executive partner of Juntu Tianze. Juntu Tianze has pledged not to transfer the listed company shares acquired in this transaction for 60 months from the date of transfer registration, and not to pledge them for 36 months. The transferor Ruiying Asset has also pledged not to seek control after the transaction is completed, and not to directly or indirectly transfer its remaining shares for 36 months. Juntu Tianze also stated that it has no plans to make major changes or adjustments to the listed company's main business within the next 12 months, and pledged not to inject related-party assets into the listed company through major asset restructuring for 36 months from the completion date of the transaction. This equity change still requires compliance confirmation from the Shenzhen Stock Exchange and completion of share transfer registration, and there remains uncertainty as to whether the transaction will be completed.
300585.CS · Capital · Neutral Control change: 21.2% stake transfer for ~700M yuan, controlling shareholder and actual controller to change to Chen Yang.
Guangxi Ruiying Asset Management Co., Ltd. · Capital · Neutral Controlling shareholder Ruiying Asset sells 21.2% stake for ~700M yuan and pledges not to seek control afterward.
Quzhou Xin'an Guanghe Industrial M&A Equity Fund LP · Capital · Neutral Quzhou Xin'an Guanghe fund agrees to acquire 5% of Aolian Electronics for ~165M yuan.
AEye's Apollo Lidar to Feature in LITEON Demo Vehicle at InCabin Europe 2026
AEye, Inc. announced that its Apollo lidar will be featured in a LITEON demonstration vehicle at InCabin Europe 2026, held September 22–24 in Barcelona, Spain. The demonstration integrates Apollo with LITEON's automotive camera technology to showcase lidar and camera sensor fusion, combining camera imagery with high-resolution 3D point-cloud data from Apollo into a fused perception output. Matt Fisch, Chairman and CEO of AEye, said cameras and lidar each provide valuable information about the driving environment and bringing those capabilities together can create a more complete picture for the vehicle. Apollo is AEye's compact, software-defined long-range lidar designed to deliver high-resolution perception while providing the flexibility required for automotive integration, with a software-defined architecture that allows sensing performance to be configured for specific applications without changes to the underlying hardware. Attendees at InCabin Europe 2026 will be able to experience the demonstration from September 22–24, 2026.
LIDR · Technology · Positive AEye's Apollo lidar is featured in LITEON's demo vehicle at InCabin Europe 2026, showcasing its sensor-fusion technology.
2301.TW · Technology · Positive LITEON's demo vehicle integrates AEye's Apollo lidar with its automotive camera technology for sensor fusion at InCabin Europe 2026.
Aolian Electronics' controlling shareholder to change to Juntu Tianze; shares resume trading on the 24th
Aolian Electronics' controlling shareholder is set to change to Juntu Tianze, and the company's shares will resume trading when the market opens on September 24. On the evening of September 23, Aolian Electronics issued an announcement regarding the planned change of company control and resumption of trading. The controlling shareholder will change from Ruiying Asset to Juntu Tianze, and the actual controller will change from Qian Mingfei to Chen Yang. On September 21, Ruiying Asset signed share transfer agreements with Juntu Tianze and Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership, a limited partnership, respectively. It plans to transfer 27.72 million shares, representing 16.20% of total share capital, to Juntu Tianze by agreement, and transfer 8.5556 million shares, representing 5% of total share capital, to Quzhou Xin'an Guanghe. The transfer price per share for both transactions is 19.29 yuan, with consideration of 535 million yuan and 165 million yuan respectively. Quzhou Xin'an Guanghe's acceptance is conditional on the successful acceptance by Juntu Tianze. After the transactions are completed, Ruiying Asset's shareholding ratio will decrease from 30.34% to 9.14%, Juntu Tianze will hold 16.20%, and Quzhou Xin'an Guanghe will hold 5%. Juntu Tianze has committed not to transfer the shares it receives within 60 months and not to pledge them within 36 months. The shares received by Quzhou Xin'an Guanghe will be locked up for 36 months. Ruiying Asset has committed not to seek control of the listed company after the transactions are completed and not to transfer its remaining shares within 36 months. Aolian Electronics is mainly engaged in the research, development, production and sales of automotive electronic control components, body electronic control components and new energy system control components. In the first half of 2026, it achieved operating revenue of 173 million yuan, a year-on-year decrease of about 20%, and a net loss attributable to the parent company of about 14.94 million yuan.
300585.CS · Capital · Neutral Controlling shareholder and actual controller change via share transfer agreement; shares resume trading Sept 24.
Guangxi Ruiying Asset Management Co., Ltd. · Capital · Neutral Ruiying Asset transfers 16.20% to Juntu Tianze and 5% to Quzhou Xin'an Guanghe, cutting its stake from 30.34% to 9.14%.
Juntu Tianze (Wuxi) Investment LP · Capital · Positive Juntu Tianze acquires 16.20% to become controlling shareholder with Chen Yang as actual controller.
Quzhou Xin'an Guanghe Industrial M&A Equity Fund LP · Capital · Positive Quzhou Xin'an Guanghe acquires 5% stake, conditional on Juntu Tianze's successful acceptance.
FPI Exhibits at Automechanika Frankfurt 2026, Opening the Way to Expand in the European Market
Fortune Parts Industry Public Company Limited, or FPI, took part in Automechanika Frankfurt 2026, an automotive industry trade fair for goods and technology, held from 8 to 12 September 2026 in Frankfurt, Germany. The delegation was led by Sompol Tanadumrongsak, Chairman of the Executive Board and Managing Director. FPI's booth drew overwhelming interest from business operators and attendees, reflecting the company's potential and readiness to expand its customer base and create business opportunities in the European market. Taking part this time was also an opportunity to meet and build relationships with partners and trading counterparts in the European region, as well as to exchange information on industry trends, market demand, and opportunities to develop business cooperation in the future.
FPI.BK · Demand · Positive FPI exhibited at Automechanika Frankfurt 2026, drawing strong interest from business operators and building relationships to expand its customer base in the European market.
Aptiv Fair Value Cut to US$66.61 as Analysts Split on Growth
Aptiv's fair value estimate has been lowered from US$78.21 to US$66.61, reflecting a split analyst narrative on the company's growth and execution. The revision came alongside a cut to the revenue growth forecast, now a projected decline of 11.72% from a prior 10.96% decline, a net profit margin assumption trimmed to 10.58% from 10.92%, a future P/E multiple revised to 10.85x from 12.62x, and a discount rate adjusted to 9.74% from 9.82%. On the bullish side, StoneX, UBS, Goldman Sachs, Barclays, Evercore ISI, Baird, RBC Capital and Deutsche Bank maintain positive ratings while resetting price targets, with StoneX highlighting the post Electrical Distribution Systems separation mix as a route to higher electronic and software content in vehicles, and RBC Capital and Morgan Stanley pointing to non auto markets such as robotics, energy storage systems and data center power architectures. On the bearish side, JPMorgan and Morgan Stanley have downgraded Aptiv to Neutral and Equal Weight respectively with price targets clustered in the mid US$50s, citing increased uncertainty in the auto business and execution challenges, while UBS, Goldman Sachs, Barclays, Evercore ISI, Baird and RBC Capital have cut price targets through August 2026 on reduced confidence in near term growth, softer guidance, program delays and questions around China recovery and software timing.
APTV · Capital · Negative Fair value estimate cut to US$66.61 with lowered revenue growth, margin, and P/E assumptions, plus JPMorgan and Morgan Stanley downgrades to Neutral/Equal Weight on execution uncertainty.
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