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Maybe Geely doesn't want them to announce Volvo? Technically it is part of Geely so perhaps they only thing they could do was Nick smartly mentioning 6 customers
The only thing that then is weird is saying the contract is only bigger than $10m, although the reality is with all these RNS the numbers are super small and conservative. If all these are correct and closer to actuals we have a problem
Agree on this one, think its pretty obvious with zenuity link and mentioning of customer 6. What I don’t understand is the market reaction, perhaps II already assume Volvo and Geely were ours to lose and priced in
https://jalopnik.com/audi-bails-on-traffic-jam-pilot-driver-assist-for-us-am-1827975491
Interesting
Did they agree it was a typo? For people that e-mail with management would have thought this is a good moment. Do “customers” in the RNS mean OEMs or Tier-1s? The RNS must have been read by many people before being released that I cant imagine it is a mistake. In our firm the smallest comment needs to be approved by so many people
Business Highlights
• Active Safety organic sales* growth of 11%
• Strong order intake over the last 12 months of approximately $1.1 billion on an annualized basis
• Expanding customer bid activity across the product portfolio
• Sourced major mono-vision contract and first driver monitoring business with major global OEMs
• Continued investments for growth
Our strong order intake over the last 12 months is expected to generate lifetime sales of well over $5 billion. Since our Investor
Day in late May, we have secured 15 new orders across all of our product areas, leading to a current annual order intake at a
similar level as at the end of the quarter. This includes small but strategically important orders with two new customers for
Vision, Radar and Driver Monitoring in the rapidly growing market for active safety products in China. This is in addition to our
previously announced major business wins during the quarter in vision and driver monitoring.
We currently see increased customer activity across our product portfolio, as well as higher than anticipated take rates for
Active Safety products. These early market indicators are encouraging and if we conclude that they are likely to affect our
previously announced sales targets for 2022 and beyond, they may also heighten our short-term investment needs.
Our technology portfolio is generally well positioned. Our in-house developed vision products are highly competitive, and we
have the next generation products just around the corner. We are winning business in the new growth area of driver monitoring
systems, and including the software developed by Zenuity we are positioning Veoneer to be a full system supplier for ADAS and
AD.
Nauto Est value: $1.06 billion Funding: $174 million Founded: 2015 Headquarters: Palo Alto, CA Business: Data Investors: BMW, Toyota, General Motors, Allianz, Softbank, Greylock Partners, Playground Global, Draper Nexus, Index Ventures, Maniv Energy Ventures, Trucks VC Sources: CB Insights, TechCrunch, Funderbeam, Crunchbase (Reporting by Paul Lienert in Detroit)
Yes 13,000 all sold so not worried when these are shipped and therefore recognised. Realistically either week 52 or 1 comes down to the same Was hoping to get something around momentum, 21 May mentions “very strong” and the generous share package given to Paul recently makes me think there is a lot of positive news coming. But maybe just misread the “record”
Correct if this is just shipping the 5,500 delayed items then good as delay is over but nothing special. As GB2 mentioned “record” assumed new orders, not sure it’s a record when you have production issues and can finally ship them at one point. Let’s see
https://twitter.com/semicast_res/status/1017388013272420352?s=21
Agree, although reality is most CEOs typically only see a fraction of the emails they get as gets filtered and answered by staff. No offence but for exactly this reason. Maybe the style of writing is different as another member of staff has taken over, looks like the intern here though
https://www.pocket-lint.com/cars/news/qualcomm/143269-qualcomm-bets-big-on-automotive-lands-jaguar-land-rover-honda-and-byd-partnerships
Lets hope Honda goes to us