Humble And Hidden Auto Suppliers Driving The EV Revolution

Author : Dhowcruise
Publish Date : 2022-03-28 00:00:00


Humble And Hidden Auto Suppliers Driving The EV Revolution

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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.

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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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. It makes the connectors that link miles of cables in cars to all things electrical, from sensors to fuel injection systems to infotainment and if there's anything the cars of an electric era will need, it's larger and ever more complex connectors. That's why TE spent $125 million to open a new building in 2020 dedicated to electric vehicle (EV) parts at a factory tucked away in a shallow valley in the small town of Woert in southern Germany. And that's why it's on the lookout for acquisitions or partnerships to keep expanding its auto business, Chief Executive Terrence Curtin told Reuters: "We're going to continue to add capacity." As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses such as Sensata Technologies, Amphenol Corp and Molex are looking to supply higher value components and do more development work with carmakers going through a massive transition. "All these automakers talking about moving their fleets to electric and making promises about range are incapable of doing that without suppliers like TE," says William Kerwin, an analyst at Morningstar who covers TE, Sensata and Amphenol.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.



Category :travel

5 Quick And Easy Mushroom Snacks To Enjoy With Your Evening Tea

5 Quick And Easy Mushroom Snacks To Enjoy With Your Evening Tea

- Here we bring you some quick and easy mushroom snacks that are just oh-so-delicious and perfect to pair


Boris Johnson Agrees To Review Rishi Sunaks Declarations Amid Tax Row

Boris Johnson Agrees To Review Rishi Sunaks Declarations Amid Tax Row

- UK Finance Minister Rishi Sunak said yesterday that he had written to PM Boris Johnson, asking him to refer his ministerial


UP Temple Idols Returned By Thieves "Having Nightmares" About It

UP Temple Idols Returned By Thieves "Having Nightmares" About It

- The group last week stole 16 statues from a 300-year-old temple of Lord Balaji -- an incarnation of the god Vishnu -- police


Ranbir Kapoor, Alia Bhatt, Kareena Kapoor And Others Dance To Om Shanti Om As A Tribute To Rishi Kap

Ranbir Kapoor, Alia Bhatt, Kareena Kapoor And Others Dance To Om Shanti Om As A Tribute To Rishi Kap

- Ranbir Kapoor, Alia Bhatt, Kareena Kapoor And Others Dance To Om Shanti Om As A Tribute To Rishi Kapoor