Market News
Recent Development
- Continental AG: Continental, a leading automotive supplier, launched a new generation of hybrid liquid accumulators for electric and hybrid vehicles. These accumulators are designed to enhance the cooling efficiency of battery systems, thereby optimizing the performance and lifespan of electric vehicle batteries.
- Bosch: In April, 2023, Bosch, a global technology company, introduced numerous new products from Bosch Rexroth for industrial automation, networked hydraulics, and mobile machine electrification which will be on display.
Acquisition and partnerships
- Nok And Estoh Co., Ltd: In 2023, Nok Corporation, a comprehensive rubber components manufacturer, announced completes acquisition of Estoh Co., Ltd. This acquisition will make Estoh a consolidated subsidiary of NOK Corporation, and it will be reported in the company's consolidated financial results.
- Denso and Aisin Seiki: In 2020, Denso, a global automotive supplier, and Aisin Seiki, a major automotive components manufacturer, announced a partnership to develop and commercialize electrification driving modules. While the focus is primarily on electrification components, the collaboration may extend to other automotive systems, including liquid accumulator technologies.