Automotive
Commented by Fabian Lorenz on April 26th, 2022 | 12:15 CEST
Chip industry booming: What are Mercedes partners BrainChip, Nvidia and Infineon doing?
Chip stocks are having a hard time at the moment, although the market is undersupplied and will probably remain so for some time. This was also highlighted by figures from semiconductor equipment supplier ASML. Orders at the world's largest supplier of lithography systems to semiconductor manufacturers were around EUR 7 billion in the first three months of 2022, well above market expectations. In addition, ASML has indicated targets through 2025. The Company intends to expand production capacities in view of the high demand. Mercedes partner BrainChip should also benefit from these positive industry prospects. And, of course, industry heavyweights such as Nvidia and Infineon.
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Commented by André Will-Laudien on October 9th, 2020 | 12:27 CEST
NEL ASA, Tesla, dynaCERT: A lot is happening in the automotive sector
German premium manufacturers have sold more cars again. Strong sales in China and catch-up results have brought BMW, Audi, and Daimler rising deliveries and sales in the third quarter. However, the Mercedes brand received tailwind mainly from the domestic market. Overall, sales climbed 3.9% to 613,770 vehicles in the last three months. But, nine-month sales are still down almost 10% as a result of the First Half 2020 slump in unit sales due to the corona-related lockdown. Nevertheless, the three big players are leaving the deep corona hole behind for the time being, as the figures published on Wednesday and Tuesday show. Overall, BMW fared best, with the Munich-based company and its subsidiary Mini, achieving sales of 675,680 cars between July and September - an increase of 8.6% over the same period last year. The main driver was a strong business in Asia. BMW also achieved a 7.1% increase in Europe. The USA and North America, on the other hand, remained clearly in the red. It is good to hear that the bottom is likely to be in our rearview mirror!
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