logo
Auto Supplier Forvia Introduces  Products Amid Trade War With China

Auto Supplier Forvia Introduces Products Amid Trade War With China

Forbes24-04-2025

A Forvia automotive interior
Forvia, a major French-based automotive supplier, is using this week's Shanghai auto show to introduce new products.
The event is a sign that, despite the auto trade battle between the United States and China, the auto industry remains international.
'Auto Shanghai is where the future of mobility becomes reality — a time machine fast-forwarding us into tomorrow,' Martin Fischer, chief executive officer of Forvia, said in a statement.
The company 'showcases a wide portfolio of cutting-edge, AI- and software-driven sustainable innovations. At the forefront of industry transformation, we are redefining mobility through safe, high-performance, sustainable, and cost-effective solutions for customers and drivers worldwide.'
These are among the highlights of what Forvia is showing at Shanghai:
--Power electronics and battery management: The company's EnergyCore improves "electric vehicle efficiency by integrating key power and battery electronics into one unit,' according to Forvia. 'It offers a fully integrated system from a single source.'
--Exhaust system advancements: The supplier said it's working with automakers 'to meet stricter emissions and pollutant regulations, offering technologies for internal combustion, hybrid, plug-in hybrid, and H₂ ICE vehicles across multiple segments.'
Forvia said it's working in China to 'combine digital solutions to enhance cabin acoustic comfort, and address space and noise challenges.'--Hydrogen technology: Forvia said it's highlighting its MultiCavity hydrogen storage system at Shanghai.
The system has 'composite vessels connected to a single upstream on-tank valve,' according to the company. Forvia says the system 'offers up to 20% cost savings' and a "35% reduction in CO₂ emissions.'
Much of the attention of reducing greenhouse gases from cars and trucks has been on production of electric vehicles. EV output is most advanced in China, followed by western Europe and North America.
Forvia said in a statement that hydrogen will be an important part of the future.
Hydrogen fuel cell vehicles 'offer a critical, complementary solution—especially for energy-intensive, high-uptime applications like long-haul trucking, industrial transport, or emergency response,' Yves Dumoulin, Forvia's senior vice president of hydrogen solutions, said in the statement. 'These are segments where fast refueling and extended range are essential.'
He added: 'Our technologies are ready. Now, the challenge is collective: public and private stakeholders must align to accelerate infrastructure and adoption.'
--Interiors: At Shanghai, Forvia is showing interior displays and what it calls its Safe & Relax seat.
The Skyline interior display assembles 'six smaller displays instead of one large, curved screen,' according to the company. Forvia says that reduces cost and is designed for all vehicle segments.
The Safe 45 seat 'reclines up to 45 degrees with a reinforced frame, keeping seatbelt attachment fastened to the vehicle body,' Forvia said. 'The Safe 60 extends recline to 60 degrees with an All-Belt-to-Seat design for optimal protection.'
Forvia estimates 35% of its seating sales come from China.
The company's seating business 'is deeply rooted in the Chinese market, working with international and Chinese OEMs in all segments,' Stephane Noel, Forvia's executive vice president of seating, said in the company statement.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lands' End: Fiscal Q1 Earnings Snapshot
Lands' End: Fiscal Q1 Earnings Snapshot

Yahoo

time11 minutes ago

  • Yahoo

Lands' End: Fiscal Q1 Earnings Snapshot

DODGEVILLE, Wis. (AP) — DODGEVILLE, Wis. (AP) — Lands' End Inc. (LE) on Thursday reported a loss of $8.3 million in its fiscal first quarter. On a per-share basis, the Dodgeville, Wisconsin-based company said it had a loss of 27 cents. Losses, adjusted for one-time gains and costs, were 18 cents per share. The clothing maker posted revenue of $261.2 million in the period. Lands' End expects full-year earnings in the range of 48 cents to 86 cents per share, with revenue in the range of $1.33 billion to $1.45 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LE at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Babcock & Wilcox Announces Agreement to Sell Its Diamond Power International Business
Babcock & Wilcox Announces Agreement to Sell Its Diamond Power International Business

Yahoo

time24 minutes ago

  • Yahoo

Babcock & Wilcox Announces Agreement to Sell Its Diamond Power International Business

- $177 million in total consideration subject to customary fees and adjustments- Industrial, utility and data center power demand is increasing globally- B&W now well-capitalized and poised to leverage growth in 2025 and beyond AKRON, Ohio, June 05, 2025--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced today that it has reached an agreement to sell its Diamond Power International business ("Diamond Power") to Austria-based ANDRITZ for $177 million, subject to customary fees and adjustments. The sale is expected to close within approximately 30 days and will include the transfer of approximately 400 employees to ANDRITZ. "B&W has had a strong start to 2025 and has achieved the highest bookings and backlog in decades from our parts and services business in addition to our already strong backlog from Thermal projects, upgrades and construction, primarily in North America," said Kenneth Young, B&W Chairman and Chief Executive Officer. "Our core parts, services and construction businesses demonstrated solid performance in Q1 and continue to excel in Q2 as the rising energy needs of data centers and industrial and utility markets fuel demand for our offerings. The sale of Diamond Power, which achieves annual revenues in the range of $110 million, will be transformational and will reinforce the value of our underlying assets as we re-capitalize our businesses going forward." "With a strong balance sheet, we are well-positioned to win new gas conversions, plant upgrades and behind-the-meter data center projects in North America and beyond," Young added. "We're also seeing additional demand for our BrightLoop™ technologies – both for steam generation and hydrogen production that can produce energy with lower costs and expenditures than other hydrogen technologies. Our unique technology – which is capable of supporting utilities and industries with low-cost hydrogen and steam generation while capturing CO2 – demonstrates the spirit of innovation and strong engineering capabilities that have driven B&W throughout its history and will be the foundation of our growth strategy for years to come." "Diamond Power provides boiler cleaning and monitoring solutions for utilities and industries around the world, and we're grateful for the decades of hard work and dedication shown by its employees," said Christopher Riker, B&W Executive Vice President and Chief Operating Officer. "We look forward to working closely with ANDRITZ to ensure a smooth transition and to our continued collaboration on boiler cleaning solutions in the future." About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at Forward-Looking Statements B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to an agreement to sell its Diamond Power businesses to ANDRITZ, demand for our products, future projects, and growth strategy. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. View source version on Contacts Investor Contact:Investor RelationsBabcock & Wilcox704.625.4944investors@ Media Contact:Ryan CornellPublic RelationsBabcock & Wilcox330.860.1345rscornell@ Sign in to access your portfolio

Exclusive-Walmart's Flipkart secures approval for direct lending in India, documents show
Exclusive-Walmart's Flipkart secures approval for direct lending in India, documents show

Yahoo

time32 minutes ago

  • Yahoo

Exclusive-Walmart's Flipkart secures approval for direct lending in India, documents show

By Ashwin Manikandan (Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source. This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Most e-commerce platforms currently offer loans in tie-ups with banks and NBFCs, but a lending licence will enable Flipkart - India's largest e-commerce firm - to lend directly, a more lucrative model for the group. The central bank issued its certificate of registration - a document that officially recognizes a company as an NBFC - to Flipkart Finance Private Limited on March 13. Reuters has reviewed a copy of both the certificate of registration and the approval letter also dated March 13. The approval has not been previously reported. Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter. Neither Flipkart nor the Reserve Bank of India immediately responded to Reuters' request for comments. The e-commerce giant may commence its lending operation "in a few months", according to a source aware of the matter who declined to be identified as the talks are private. A final decision on the launch will be subject to the completion of various internal processes such as the appointment of key management personnel and board members and the finalisation of business plans, the source said. Flipkart plans to lend directly to its customers on its popular e-commerce platform and through its fintech app the source said. It may also offer financing to sellers on the platform, they added. At present, the e-commerce giant offers personal loans to customers through tie-ups with lenders such as Axis Bank, IDFC Bank and Credit Saison. Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17-year-old company public. Walmart bought a controlling stake in Flipkart in 2018, which also gave it ownership of PhonePe, a fintech firm also preparing for an IPO. Earlier this year Flipkart's rival Amazon acquired a Bengaluru-based non-bank lender Axio, but the deal is yet to be cleared by the central bank. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store