Core Insights - Hexagon Purus has signed a long-term agreement with Hino Trucks for the production and supply of Class 6 & 7 battery electric straight trucks for the U.S. market, with prototypes expected to be delivered in Q4 2025 [1][2][3] Company Overview - Hexagon Purus is a leading manufacturer of zero-emission mobility solutions, specializing in hydrogen Type 4 high-pressure cylinders, battery systems, and vehicle integration solutions for both fuel cell electric and battery electric vehicles [8] - Hino Trucks manufactures and services Class 4-8 commercial trucks in the U.S., known for their reliability and low total cost of ownership, supported by a network of over 240 dealers [6] Product Details - The new Class 6 & 7 straight trucks will utilize Hino's chassis and Hexagon Purus' proprietary zero-emission technology, including battery systems and power modules, leveraging existing investments in product development [2][3] - The trucks are designed for urban operations with high stop-and-go activity, making them suitable for fleet operators [3] Strategic Initiatives - Hexagon Purus is reviewing its overall business portfolio to secure cash runway to EBITDA and cash break-even, and is exploring alternatives for its Battery Systems and Vehicle Integration division following the agreement with Hino [4] - The company has engaged ABG Sundal Collier ASA as a financial advisor and Advokatfirmaet Schjødt AS as a legal advisor to assist in this process [5]

Core Insights - IVECO celebrates its 50th anniversary in 2025, marking its foundation in 1975 and highlighting its commitment to innovation and excellence in the commercial vehicle sector [1][5][8] Group Activities - A series of activities will take place globally to celebrate IVECO's heritage and future vision, including events in Brazil, Argentina, Spain, France, Italy, Czech Republic, and China [1] - The "50xBeyond" event from June 12 to 15 in Turin will feature talks, performances, and displays of historic and modern vehicles, engaging customers, dealers, partners, and employees [2][5] New Vehicle Launches - Three new IVECO vehicles will be unveiled at the event, including the S-eWay Artic, a fully electric heavy-duty truck with a range of up to 600 kilometers, and two new electric light commercial vehicles developed in partnership with Stellantis [3] Community Engagement - The anniversary celebration will include public events, such as a vehicle parade through Turin and a special exhibition at the National Automobile Museum showcasing IVECO's history [4][6] - IVECO collaborates with the Italian Red Cross to provide free cardiology consultations in a mobile clinic during the anniversary weekend [7] Company Background - IVECO was established in 1975 through the merger of five European vehicle manufacturers, combining over 150 years of engineering expertise [8] - The company has evolved into IVECO Group, which includes seven brands and employs 36,000 people across 19 industrial sites and 30 R&D centers [11][12]

Group 1 - Paccar Inc. is a leading producer and distributor of commercial trucks and parts, operating through three reportable segments: Truck, Parts, and Financial Services [1] - The company employs over 30,000 people worldwide and has a significant market presence [1]

Financial Performance - Revenue decreased by 12.7% to $169.8 million in Q1 2025, compared to $194.6 million in Q1 2024 [6, 13] - Adjusted EBITDA decreased by $3.9 million to $5.8 million in Q1 2025, compared to $9.7 million in Q1 2024 [6, 13, 15] - Adjusted EPS decreased by $0.16 to ($0.08) per diluted share in Q1 2025 [6, 15] - Free cash flow improved by $17.7 million to $11.2 million in Q1 2025, compared to ($6.5) million in Q1 2024 [6, 13, 15] - Net debt reduced by $11.7 million compared to the end of 2024 [6] Segment Performance - Global Seating revenue declined by 9% to $73.4 million in Q1 2025, compared to $80.8 million in Q1 2024 [17, 21] - Global Electrical Systems revenue declined by 14% to $50.5 million in Q1 2025, compared to $58.7 million in Q1 2024 [23, 28] - Trim Systems and Components revenue decreased by 17% to $45.9 million in Q1 2025, compared to $55.1 million in Q1 2024 [30, 34] Market Outlook and Guidance - The company expects free cash flow of at least $20 million in 2025 [43, 44] - The company updated its full-year 2025 net sales outlook to $660-$690 million [43]

Core Viewpoint - The report from CICC suggests that A-shares are likely to experience a "good start" after the holiday due to marginal improvement in the performance of listed companies in the first quarter and positive external factors during the A-share market closure [1] Group 1: Market Performance - A-share companies showed marginal performance improvement in Q1 [1] - Positive external market conditions, including better performance of Hong Kong and US stocks during the A-share market closure, are expected to influence A-shares positively [1] Group 2: Investment Recommendations - Focus on sectors with recovering demand and low tariff impact, such as AI development, cloud computing, and robotics [1] - Consider export sectors with low exposure to the US, including engineering machinery, power grid equipment, and commercial vehicles [1] - Highlight high cash flow and low external demand correlation sectors, such as hydropower, telecommunications, and leading companies in the food and beverage industry [1]

Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ivecogroup.com Investor Relations: Federico Donati, Tel: +39 011 0073539 E-mail: investor.relations@ivecogroup.com The related press release and presentation will be posted on the corporate website at www.ivecogroup.com on Thursday, 15 May 2025. For those unable to take part in the live session, a replay will be available in the Investors section of the company website (www.ivecogroup.com) following the conf ...

Core Insights - Methode Electronics, Inc.'s Grakon business unit has been recognized as a top-performing supplier by PACCAR, a manufacturer of Kenworth and Peterbilt trucks [1][4] - The recognition is part of PACCAR's Supplier Performance Management (SPM) Program, which evaluates suppliers based on product development, operations, aftermarket support, and alignment with PACCAR's business objectives [2] - Grakon has played a significant role in multiple PACCAR launches, providing advanced lighting solutions for various truck models [3] Company Overview - Grakon, LLC specializes in the design, development, and manufacture of advanced lighting systems, controls, and components for OEM manufacturers in heavy trucks, buses, rail, commercial electric vehicles, and power sports markets [5] - Grakon operates as a business unit of Methode Electronics, Inc., which is a global supplier of custom-engineered solutions with a presence in North America, Europe, the Middle East, and Asia [5]