The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand.
TE has a price-to-earnings ratio of about 18, Amphenol and Sensata are in the 20s, while Continental trades at about 10.TE's Curtin said car parts suppliers and automakers alike had been caught out by an explosion in demand for EVs in Europe over the past two years - and with everyone playing catch-up TE's new facility was running at double its planned production.
TE's conventional parts have up to five components but its newer EV parts have up to 50 components. The supplier also now buys tonnes of aluminium, which is lighter and cheaper than copper, to make up portions of those larger parts. TE also makes a large connector here that sits atop an EV battery module - an EV has up to 12 modules - and serves as its brain, measuring each battery cell's performance while a tiny semiconductor measures their temperature."We're going to need more," said Matthias Lechner, TE's head of Europe, Middle East and Africa, adding that TE planned to manufacture more at a plant in Hungary and elsewhere.
Europe's auto supplier market will grow to 330 billion euros in 2030 from 216 billion now, driven by software, EVs and electronics, McKinsey estimates, as firms tackle chip bottlenecks and cost pressure while investing in growth.TE's Woert site employs 2,200 people and is adding more engineers and technicians, as well as different machines to make connectors for data in self-driving cars - because unlike EV parts, tiny connections are better for moving data.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
VW EV plans including new EV SUVs starting 2026, sedan coming soonVolkswagen lays out plans for EVs in America along with major manufacturing and engineering investments. SUVs and a sedan are in the works.
Baca lebih lajut »
Browns owners say Deshaun Watson was ‘humble, sincere’Cleveland says it is confident in its evaluation of the quarterback’s legal situation...
Baca lebih lajut »
It’s Official: Cadillac Will Start Taking Orders for Its Hotly Anticipated Lyriq EV in MayDeliveries will begin later that month.
Baca lebih lajut »
Li Auto L9 Is A Chinese PHEV With Premium Features, 124-Mile EV Range | CarscoopsLi Auto L9 Is A Chinese PHEV With Premium Features, 124-Mile EV Range | Carscoops carscoops
Baca lebih lajut »
Fisker Ocean EV gets Intelligent Pilot driver-assist system utilizing digital radarFisker claims the world's first automotive application of digital radar will make the Ocean safer than vehicles with conventional analog radar sensors.
Baca lebih lajut »
BMW i7 teased ahead of April reveal – EV to be most powerful 7-series yet | EvoBMW has released new teaser images of the all-electric i7 luxury saloon ahead of its launch next month -
Baca lebih lajut »