Latest news with #mobility
Yahoo
7 hours ago
- Business
- Yahoo
Uber Technologies Stock: Is Wall Street Bullish or Bearish?
San Francisco, California-based Uber Technologies, Inc. (UBER) provides a platform that allows users to access transportation and food ordering services. With a market cap of $189.5 billion, Uber operates the world's largest mobility platform with its operations spanning approximately 70 countries and over 10,000 cities across the globe. The mobility giant has significantly outperformed the broader market over the past year. Uber has soared 44.4% on a YTD basis and 36.6% over the past 52 weeks, outpacing the S&P 500 Index's ($SPX) 8.3% gains in 2025 and 16.6% surge over the past year. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Narrowing the focus, UBER has also outpaced the sector-focused Technology Select Sector SPDR Fund's (XLK) 13.6% gains on a YTD basis, and 22.7% returns over the past 52 weeks. Uber Technologies' stock prices dropped 2.5% following the release of its mixed Q1 results on May 7. Continuing its solid momentum, the number of trips through Uber's platform increased 18% year-over-year to 3 billion, which was primarily supported by an increase in monthly active users. Meanwhile, its revenues increased nearly 17% on a constant currency basis. However, due to a stronger dollar during the quarter, its revenues increased by 14% on a reported basis to $11.5 billion, missing the consensus estimates by a small margin. Its adjusted EBITDA increased by an even more impressive 35% year-over-year to $1.9 billion, and its EPS of $0.83 beat the Street's expectations by 62.8%. For the full fiscal 2025, ending in December, analysts expect Uber to deliver an EPS of $2.90, marking a 36.4% decline year-over-year. However, the company has a solid earnings surprise history. It has surpassed the Street's bottom-line expectations in each of the past four quarters by a large margin. Uber has a consensus 'Strong Buy' rating overall. Of the 47 analysts covering the stock, opinions include 32 'Strong Buys,' five 'Moderate Buys,' and 10 'Holds.' This configuration is slightly less bullish than two months ago, when 34 analysts gave 'Strong Buy' recommendations. On Jul. 29, Stifel analyst Mark Kelley reiterated a 'Buy' rating on Uber and raised the price target to $117. Its mean price target of $101.58 suggests a 16.6% upside from current price levels, while the Street high target of $120 represents a 37.8% premium. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Yahoo
a day ago
- Automotive
- Yahoo
WeRide and Uber Expand Robotaxi Reach in Abu Dhabi, Ride Volumes Expected to Double
ABU DHABI, United Arab Emirates, July 29, 2025 (GLOBE NEWSWIRE) -- WeRide (NASDAQ: WRD), a global leader in autonomous driving technology, and Uber Technologies, Inc. (NYSE: UBER), the world's leading technology platform for mobility and delivery, have started operating their Robotaxis on Al Reem and Al Maryah Islands in Abu Dhabi, in partnership with the Integrated Transport Centre. The expanded service is expected to double ride volumes, now covering about half of Abu Dhabi's core areas — including Al Reem, Al Maryah, Yas, and Saadiyat, as well as highway routes to and from Zayed International Airport. Since launching in Abu Dhabi in December 2024, the WeRide and Uber Robotaxi fleet has tripled in size. Both companies aim to continue growing their fleet to hundreds of Robotaxis in Abu Dhabi, with plans to extend services into Khalifa City, Masdar City, and more areas of downtown Abu Dhabi later this year. WeRide and Uber operate the largest Robotaxi network in the Middle East, featuring WeRide's new GXR model — a purpose-built, mass-produced autonomous vehicle for scaled commercial deployment which fits up to five people. Each vehicle is expected to average dozens of trips per day during a 12-hour shift, with rides typically exceeding six kilometers. "Al Reem and Al Maryah Islands are high-demand areas and serve as key gateways to Abu Dhabi. This expansion gives us the opportunity to reach more passengers, showcase our advanced technology in complex urban settings, and further accelerate the deployment of autonomous vehicles across the city. We deeply appreciate the ongoing support from the Integrated Transport Centre and our strong partnership with Uber, which continues to drive our growth in the Middle East and beyond," said Jennifer Li, CFO and Head of International at WeRide. "This expansion marks an important milestone in Abu Dhabi's journey towards realising its vision for a smarter and safer mobility system. Building on the success of our previous smart mobility initiatives, we are working to extend the deployment of autonomous vehicles to high-density areas such as Al Reem and Al Maryah Islands, in order to provide a safer and more efficient travel experience, in line with Abu Dhabi's smart transport strategy, which aims to provide sustainable and innovative mobility solutions,' said Dr Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre. "We are committed to embracing innovative and sustainable solutions to enhance our transport network and improve the quality of life for our residents. By working closely with our strategic partners, we are accelerating this progress and enhancing the transport experience for everyone." "We're pleased to expand our autonomous vehicle service in Abu Dhabi to Al Reem and Al Maryah in partnership with WeRide and with the support of the Abu Dhabi Mobility. We've seen some great engagement from riders in Abu Dhabi since launch and are excited to make autonomous rides more accessible to even more people in the Emirate. Just as Uber helped millions experience electric vehicles for the first time, 2025 will be the year we bring AV technology into the mainstream," said Mohamad Jardaneh, Head of Autonomous Mobility, Middle East at Uber. Starting today, passengers can hail WeRide Robotaxis in the new zones via the Uber and TXAI apps. Al Reem and Al Maryah are among Abu Dhabi's most dynamic and densely populated districts, serving as hubs for finance, residential communities, and commerce. Their heavy traffic and complex road conditions highlight WeRide's technical expertise in deploying autonomous vehicles at scale, while advancing Abu Dhabi's vision to become the region's leading hub for smart mobility and innovation. In parallel, fully driverless testing of WeRide's Robotaxis in Abu Dhabi is underway, with public access expected in the coming months. About WeRideWeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been tested or operated in over 30 cities across 10 countries. We are also the first and only technology company whose products have received autonomous driving permits in six markets: China, France, Saudi Arabia, Singapore, the UAE, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named in Fortune Magazine's 2024 'The Future 50' list. Media Contactpr@ About Integrated Transport CentreThe Integrated Transport Centre (ITC), affiliated with the Department of Municipalities and Transport, is the legislative, regulatory, and supervisory authority responsible for managing and developing the transport sector in the Emirate of Abu Dhabi. It formulates policies and frameworks aimed at establishing a smart, safe, and integrated mobility system that supports the Emirate's aspiration to be among the most advanced cities in the world. ITC oversees all land, maritime, and aviation transport activities across the Emirate, ensuring the integration and advancement of the mobility system in line with urban expansion and population growth. It also strives to harness the latest technologies, innovation, and sustainability tools to meet future mobility demands, enhance quality of life, and redefine urban living standards by embedding advanced solutions and promoting sustainable mobility practices. About Uber Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 58 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities. Media Contactpress@ Safe Harbor StatementThis Report (including its exhibit) contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about WeRide's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide's and Uber's filings with the U.S. Securities and Exchange Commission. All information provided in this Report is as of the date of this Report. Neither WeRide nor Uber undertakes any obligation to update any forward-looking statement, except as required under applicable law. A photo accompanying this announcement is available at 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
Emirates 24/7
a day ago
- Business
- Emirates 24/7
DTC Delivers Strong Q2 2025 Performance with Net Profit Growth of 33% YoY to AED 105.4 million
Dubai Taxi Company PJSC ('DTC' or the 'Company'), a leading provider of comprehensive mobility solutions in Dubai, today announced its financial results for the three months 'Q2 2025' or the 'Quarter') and six months ended 30 June 2025 ('H1 2025' or the 'Period'). DTC delivered strong financial performance during Q2 of 2025 with revenue growing 18% year-on-year to AED 625.2 million driven by fleet expansion and higher number of trips. For H1 2025, revenue increased by 11% year-on-year to AED 1.2 billion reflecting sustained momentum throughout the first half of the year. DTC's taxi segment revenue in Q2 2025 increased by 18% year-on-year to AED 539.7 million, driven by fleet expansion while maintaining strong utilisation levels. As of June 2025, the total operational taxi fleet reached 6,210 vehicles, including 335 fully electric vehicles as part of the Company's ongoing transition to a more sustainable offering. The limousine segment saw revenue increase by 8% year-on-year to 30.5 million in Q2 2025, supported by the expansion of its fleet. The Company's taxis and limousines segment completed 13.6 million trips during Q2 2025, up 19% year-on-year. As of June 2025, DTC's total operational fleet across all segments increased by 23% to 10,180. DTC's bus segment revenue stood at AED 31.3 million for Q2 2025, a 12% decrease year-on-year, due to contractual changes that altered the revenue recognition cycle during the period. These changes do not have any impact on the overall annual contract values. The Company's delivery bike segment recorded strong revenue growth in Q2 2025, increasing by 102% year-on-year to AED 18.2 million, supported by continued expansion in the fast-growing on-demand delivery market. The Company's EBITDA increased 30% year-on-year to AED 180.6 million in Q2 2025 driven by a significant increase in trips and revenue, alongside a lower promotional impact from Connectech (DTC's subsidiary including Bolt e-hailing operations), which was more heavily weighted toward the first quarter as anticipated. The EBITDA margin in the second quarter was up 3 percentage points at 29%, whilst remaining robust at 28% for the first half, as DTC remained focused on driving operational efficiencies. Net profit in Q2 2025 increased by 33% year-on-year to AED 105.4 million, representing a net profit margin of 17%, supported by the strong rise in operating profit. DTC maintains a healthy balance sheet, with a highly attractive net debt-to-EBITDA ratio of 1.2x and a cash balance of AED 236 million as of 30 June 2025, including Wakala deposits. Commenting on the Company's results, DTC's Chairman, H.E. Abdul Muhsen Ibrahim Kalbat, said: 'Our results reflect the continued strength of our operating model and our ability to deliver value through consistent execution and customer-focused innovation. We are proud to operate in a market as dynamic and forward-looking as Dubai and the wider UAE, where strong population growth, record infrastructure investment, and robust economic indicators continue to support long-term demand for smart mobility solutions, and we are well-positioned to capitalise on these positive trends. I am also pleased to confirm that the Board approved a dividend payout for the first half of the year, in line with our highly attractive policy to distribute at least 85% of annual net profit.' DTC's CEO, Mansoor Rahma Alfalasi, added: 'Our performance in the second quarter and first half of 2025 underscores our disciplined execution and sustained operational progress. We continue to see strong momentum across our core segments, driven by expanding fleet capabilities and increasing demand for smart, customer-centric mobility solutions. A major highlight of the period has been the deepening of our strategic partnership with Bolt, marked by the onboarding of over 6,000 taxis to the Bolt platform. This milestone represents a significant step forward in our ambition to build the UAE's largest e-hailing ecosystem. It exemplifies our commitment to creating integrated, digital-first mobility solutions that elevate everyday convenience and reshape the customer experience. Additionally, our alliance with Al-Futtaim Electric Mobility reinforces our long-term commitment to sustainability as we advance towards a fully electric fleet by 2040.' 'Our business is underpinned by strong fundamentals, a solid financial position, and a platform built for sustainable growth. As we look to the future, our focus remains on driving operational excellence, elevating the customer journey, and unlocking new opportunities within Dubai's and the UAE's dynamic and fast-growing mobility landscape.' Board Approves H1 2025 Dividend DTC's Board of Directors has approved dividends of AED 160.7 million, amounting to 6.43 fils per share for H1 2025, in line with the Company's dividend policy of targeting dividend distribution of at least 85% of annual net profit, distributed semi-annually. The announced interim dividend is expected to be distributed in August 2025. Operational Highlights As part of its strategic growth agenda, DTC marked a major milestone through the expansion of its partnership with Bolt, onboarding over 6,000 taxis onto the Bolt platform. This initiative significantly enhances digital accessibility and convenience for residents and visitors, aligning with the emirate's broader vision to transition 80% of taxi trips to e-booking. The move reinforces DTC's leadership in smart mobility and supports its 2025–2029 strategy to cement its position as the UAE's largest taxi operator and a regional transportation leader. Reinforcing its leadership in sustainable mobility, DTC launched a strategic partnership with Al-Futtaim Electric Mobility Company deploying 200 all-electric BYD SEAL taxis across Dubai. This initiative builds on DTC's existing eco-friendly fleet and marks a pivotal step in DTC's journey toward achieving full fleet electrification by 2040 whilst supporting the UAE's broader Net Zero 2050 vision. Beyond environmental impact, the integration of high-performance electric vehicles enhances operational efficiency and passenger experience, further positioning DTC at the forefront of green mobility innovation in the region. In a move to enhance integrated lifestyle experiences, Bolt entered into a strategic partnership with talabat, the region's leading on-demand delivery platform. The initiative offers talabat pro subscribers exclusive discounts on Bolt rides, creating seamless lifestyle integration across transport and delivery platforms. Outlook DTC remains confident in its outlook across all business segments, supported by strong fundamentals and macroeconomic momentum in Dubai and the wider UAE. Continued investment in infrastructure, a growing population, and robust tourism inflows are expected to sustain demand for smart, tech-enabled mobility solutions. With the continuous fleet expansion, as well as the long-term strategic partnership with Dubai Airports, DTC is positioned to capture value from the emirate's robust growth while its investments in technology and partnerships will continue to unlock exciting new growth opportunities.
Zawya
a day ago
- Business
- Zawya
DTC delivers strong Q2 2025 performance
13.6 million trips completed across the taxi and limousine segments in Q2 2025, up 19% year-on-year Over 6,000 DTC taxis onboarded on the Bolt platform including 700 airport taxis, representing a major step toward creating the UAE's largest e-hailing platform Revenue for the quarter increased 18% year-on-year to AED 625.2 million EBITDA for the quarter grew by 30% to AED 180.6 million with a margin of 29% Net profit increased by 33% to 105.4 million in Q2 2025 Board approves dividends of AED 160.7 million for H1 2025 Dubai, UAE: Dubai Taxi Company PJSC ('DTC' or the 'Company'), a leading provider of comprehensive mobility solutions in Dubai, today announced its financial results for the three months 'Q2 2025' or the 'Quarter') and six months ended 30 June 2025 ('H1 2025' or the 'Period'). DTC delivered strong financial performance during Q2 of 2025 with revenue growing 18% year-on-year to AED 625.2 million driven by fleet expansion and higher number of trips. For H1 2025, revenue increased by 11% year-on-year to AED 1.2 billion reflecting sustained momentum throughout the first half of the year. DTC's taxi segment revenue in Q2 2025 increased by 18% year-on-year to AED 539.7 million, driven by fleet expansion while maintaining strong utilisation levels. As of June 2025, the total operational taxi fleet reached 6,210 vehicles, including 335 fully electric vehicles as part of the Company's ongoing transition to a more sustainable offering. The limousine segment saw revenue increase by 8% year-on-year to 30.5 million in Q2 2025, supported by the expansion of its fleet. The Company's taxis and limousines segment completed 13.6 million trips during Q2 2025, up 19% year-on-year. As of June 2025, DTC's total operational fleet across all segments increased by 23% to 10,180. DTC's bus segment revenue stood at AED 31.3 million for Q2 2025, a 12% decrease year-on-year, due to contractual changes that altered the revenue recognition cycle during the period. These changes do not have any impact on the overall annual contract values. The Company's delivery bike segment recorded strong revenue growth in Q2 2025, increasing by 102% year-on-year to AED 18.2 million, supported by continued expansion in the fast-growing on-demand delivery market. The Company's EBITDA increased 30% year-on-year to AED 180.6 million in Q2 2025 driven by a significant increase in trips and revenue, alongside a lower promotional impact from Connectech (DTC's subsidiary including Bolt e-hailing operations), which was more heavily weighted toward the first quarter as anticipated. The EBITDA margin in the second quarter was up 3 percentage points at 29%, whilst remaining robust at 28% for the first half, as DTC remained focused on driving operational efficiencies. Net profit in Q2 2025 increased by 33% year-on-year to AED 105.4 million, representing a net profit margin of 17%, supported by the strong rise in operating profit. DTC maintains a healthy balance sheet, with a highly attractive net debt-to-EBITDA ratio of 1.2x and a cash balance of AED 236 million as of 30 June 2025, including Wakala deposits. Commenting on the Company's results, DTC's Chairman, H.E. Abdul Muhsen Ibrahim Kalbat, said: 'Our results reflect the continued strength of our operating model and our ability to deliver value through consistent execution and customer-focused innovation. We are proud to operate in a market as dynamic and forward-looking as Dubai and the wider UAE, where strong population growth, record infrastructure investment, and robust economic indicators continue to support long-term demand for smart mobility solutions, and we are well-positioned to capitalise on these positive trends. I am also pleased to confirm that the Board approved a dividend payout for the first half of the year, in line with our highly attractive policy to distribute at least 85% of annual net profit.' DTC's CEO, Mansoor Rahma Alfalasi, added: ' Our performance in the second quarter and first half of 2025 underscores our disciplined execution and sustained operational progress. We continue to see strong momentum across our core segments, driven by expanding fleet capabilities and increasing demand for smart, customer-centric mobility solutions. A major highlight of the period has been the deepening of our strategic partnership with Bolt, marked by the onboarding of over 6,000 taxis to the Bolt platform. This milestone represents a significant step forward in our ambition to build the UAE's largest e-hailing ecosystem. It exemplifies our commitment to creating integrated, digital-first mobility solutions that elevate everyday convenience and reshape the customer experience. Additionally, our alliance with Al-Futtaim Electric Mobility reinforces our long-term commitment to sustainability as we advance towards a fully electric fleet by 2040.' 'Our business is underpinned by strong fundamentals, a solid financial position, and a platform built for sustainable growth. As we look to the future, our focus remains on driving operational excellence, elevating the customer journey, and unlocking new opportunities within Dubai's and the UAE's dynamic and fast-growing mobility landscape.' Board Approves H1 2025 Dividend DTC's Board of Directors has approved dividends of AED 160.7 million, amounting to 6.43 fils per share for H1 2025, in line with the Company's dividend policy of targeting dividend distribution of at least 85% of annual net profit, distributed semi-annually. The announced interim dividend is expected to be distributed in August 2025. Operational Highlights As part of its strategic growth agenda, DTC marked a major milestone through the expansion of its partnership with Bolt, onboarding over 6,000 taxis onto the Bolt platform. This initiative significantly enhances digital accessibility and convenience for residents and visitors, aligning with the emirate's broader vision to transition 80% of taxi trips to e-booking. The move reinforces DTC's leadership in smart mobility and supports its 2025–2029 strategy to cement its position as the UAE's largest taxi operator and a regional transportation leader. Reinforcing its leadership in sustainable mobility, DTC launched a strategic partnership with Al-Futtaim Electric Mobility Company deploying 200 all-electric BYD SEAL taxis across Dubai. This initiative builds on DTC's existing eco-friendly fleet and marks a pivotal step in DTC's journey toward achieving full fleet electrification by 2040 whilst supporting the UAE's broader Net Zero 2050 vision. Beyond environmental impact, the integration of high-performance electric vehicles enhances operational efficiency and passenger experience, further positioning DTC at the forefront of green mobility innovation in the region. In a move to enhance integrated lifestyle experiences, Bolt entered into a strategic partnership with talabat, the region's leading on-demand delivery platform. The initiative offers talabat pro subscribers exclusive discounts on Bolt rides, creating seamless lifestyle integration across transport and delivery platforms. Outlook DTC remains confident in its outlook across all business segments, supported by strong fundamentals and macroeconomic momentum in Dubai and the wider UAE. Continued investment in infrastructure, a growing population, and robust tourism inflows are expected to sustain demand for smart, tech-enabled mobility solutions. With the continuous fleet expansion, as well as the long-term strategic partnership with Dubai Airports, DTC is positioned to capture value from the emirate's robust growth while its investments in technology and partnerships will continue to unlock exciting new growth opportunities. * Includes Connectech subsidiary, other revenue and intersegment eliminations About DTC DTC was recognised as a public joint stock company under Law No. (21) of 2023. The Company is a leading provider of comprehensive mobility solutions in Dubai, operating a fleet of more than 10,000 vehicles, including more than 6,200 taxis. DTC was established in 1994 to operate a fleet of taxis and has since expanded to offer an extensive range of integrated mobility solutions across four key business lines: taxis, VIP limousines, buses and last mile delivery bike services. DTC is the number one taxi operator by fleet size in Dubai with an approximately 45% market share. In 2024, the Company's taxis and limousines completed 49 million trips.
Yahoo
a day ago
- Automotive
- Yahoo
ATEC Partners with FPT for First Global Collaboration, Driving Innovation in Japan's Automotive Industry
TOKYO, July 29, 2025--(BUSINESS WIRE)--Global IT services and technology company FPT and ATEC, a Japanese automotive software development firm with over 36 years of expertise, have signed a Memorandum of Understanding to establish a strategic partnership aimed at accelerating innovation in the automotive sector and advancing safer, smarter, and more connected mobility. Through this collaboration, FPT and ATEC will co-develop next-generation automotive software solutions and contribute to the sustainable growth of Japan's automotive technology ecosystem. The collaboration aims to address critical industry challenges, including the rising demand for software development and the shortage of senior-level talent in embedded systems and the automotive sector. By combining both sides' technology capabilities, development frameworks, and skilled workforce, FPT and ATEC are positioned to deliver comprehensive, high-quality solutions to the market, with a particular focus on expanding AUTOSAR and Software-Defined Vehicle services for leading Japanese automotive manufacturers. As part of the partnership, FPT and ATEC will launch a new Offshore Development Center in Ho Chi Minh City, with a plan for further expansion in the future. This marks ATEC's first international collaboration, driven by the need to address growing resource shortages and scale its development capacity. The partnership also offers FPT valuable access to ATEC's customer ecosystem, reinforcing its presence and competitiveness in Japan's dynamic automotive industry. "Automotive stands as a critical industry in Japan, with increasing AI-driven automotive systems. By combining FPT's global expertise in automotive technology and our AI-enabled solutions with ATEC's deep domain knowledge, we are confident that this partnership can open up exciting opportunities for both sides in Japan's dynamic automotive sector," said Do Van Khac, FPT Software SEVP and FPT Japan CEO, FPT Corporation. With more than two decades of experience in the automotive industry, FPT has established itself as a trusted technology partner to global OEMs and Tier-1 suppliers. In 2023, the company launched a dedicated automotive subsidiary to address the growing global demand for software-defined vehicles. FPT's strong presence in Japan is expected to significantly contribute to the success of this collaboration. As one of the largest foreign-invested technology enterprises in the country, FPT has over 4,500 employees across 17 offices and innovation hubs in Japan, supported by a network of 15,000 offshore professionals serving 450 clients worldwide. In 2024, FPT achieved over USD 500 million in revenue from the Japanese market. Building on this momentum, the company aims to reach USD 1 billion in revenue and rank among Japan's Top 15 IT services providers by 2027. About ATEC ATEC is an engineering company established in 1988 with the vision of creating a company for engineers, boasting advanced expertise in the fields of software, electronics/electrical, and mechanical design and development. In the automotive industry, ATEC has contributed to the development of advanced technologies for numerous automakers and suppliers. In the field of in-vehicle software development, ATEC has been certified as an "Engineering Partner" by Vector Informatik (Germany), and provides high-quality services tailored to diverse customer needs, such as configuration of AUTOSAR-compliant basic software, software component design, AUTOSAR adaptation of existing code, and implementation consulting. About FPT FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam's position on the global tech map and delivering world-class AI-enabled solutions for global enterprises, the Corporation focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit View source version on Contacts Media Contact Mai Duong (Ms.)FPT CorporationFPT Software PR 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
