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  7. MAHLE releases 2018 annual...

[YesAuto Industry] A few days ago, the German auto parts manufacturer MAHLE released its 2018 financial report. Before the adjustment, the group's total sales were 12.6 billion euros, a slight decrease of 1.6% year-on-year, and the main business achieved a growth of 4.4%. According to the financial report, the MAHLE Group's operating performance in 2018 reached 614 million euros, the pre-interest and tax profit was 773 million euros, and the pre-interest and tax profit margin increased from 2.8% to 6.1%. It is reported that the growth mainly comes from disposal income.

In September 2018, the Global Automotive Electronics R&D Center in Valencia, Spain was completed and opened to develop automotive electronics-related products and technologies for sustainable travel. In addition, the first electric compressor factory in Balogzagjormaut, Hungary also officially opened . In addition to automotive engineering, MAHLE also began to focus on travel charging facilities. In February 2019, MAHLE obtained WiTricity's packaging patent license on magnetic resonance technology, and MAHLE gradually began to transform into a wireless charging supplier for electric vehicles. Currently, MAHLE has established about 140 charging points in its various locations in Stuttgart, Germany; and as the first external customer, Stuttgart Airport has also erected 110 charging points on the apron for the airport's internal fleet.

Mahler expects that the sales trend in 2019 will show a downward trend, due to a large number of uncertain factors in the market, such as tariffs and trade disputes, rising raw material prices, and the uncertainty of Brexit. MAHLE is optimizing operational efficiency by improving cross-functional cooperation and streamlining processes. At the same time, it strives to reduce management costs, comprehensively review the entire development process, and involve suppliers.