Financial Data and Key Metrics Changes - Gentherm reported record revenue of $1.5 billion for 2025, an increase of 2.9% compared to the prior year, or 1.8% when excluding foreign currency translation [14] - Adjusted EBITDA for 2025 was $175 million, representing 11.7% of sales, down from 12.6% the previous year due to higher material costs and expenses related to footprint realignment [15] - Operating cash flow increased by 7% to $117 million, despite building inventory throughout the year [15] Business Line Data and Key Metrics Changes - Automotive climate and comfort solutions revenue increased by 5.8% excluding foreign exchange effects, while other automotive products saw a decline of $28 million due to planned exits [15] - The company generated a commercial funnel totaling over $300 million in lifetime revenue from markets outside of light vehicles, indicating strong growth potential in adjacent markets [8] Market Data and Key Metrics Changes - Fourth quarter climate and comfort solutions revenue outgrew light vehicle production by 820 basis points, demonstrating strong global performance across product categories [15] - The company expects light vehicle production in key markets to decrease by approximately 1% in 2026, positioning Gentherm to grow above market by mid-single digits [17] Company Strategy and Development Direction - Gentherm is focused on expanding its technology applications beyond automotive, with a strategic realignment of its footprint expected to continue through 2026 [4] - The planned combination with Modine Performance Technologies is anticipated to create a $2.6 billion market leader, with a goal to grow revenue to over $3.5 billion by 2030 [7][21] - The company aims to leverage its core technologies to drive growth in new markets, including medical and home and office sectors, with a focus on wellness trends [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, emphasizing that 2025 financial results do not reflect Gentherm's potential [5] - The company is optimistic about the impact of new product launches and adjacent market contributions, particularly in medical and home and office sectors [32][44] - Management highlighted the importance of operational rigor and cash flow generation as key priorities moving forward [16] Other Important Information - Gentherm's combination with Modine Performance Technologies is expected to unlock significant value creation opportunities, including cost synergies and enhanced market access [22][24] - The company anticipates that the new Thermafix system will begin generating revenue later this year, contributing to the medical segment's growth [10] Q&A Session Summary Question: Adjacent end markets and revenue expectations - Management confirmed they will continue to pursue adjacent markets, expecting home and office to contribute $50 million to $100 million in revenue by 2028, with margins above those in light vehicles [32] Question: Footprint realignment timing and EBITDA expectations for 2027 - Management stated that the footprint transitions remain on track for completion in 2026, with benefits expected to flow through in 2027, leading to improved margins [36] Question: Revenue confidence for 2027 - Management expressed confidence in the 2027 revenue outlook due to strong launch activity in core automotive and contributions from adjacent markets [44]

Financial Data and Key Metrics Changes - Gentherm reported record revenue of $1.5 billion for 2025, an increase of 2.9% compared to the prior year, or 1.8% when excluding foreign currency translation [12] - Adjusted EBITDA for 2025 was $175 million, representing 11% of sales, down from 12.6% the previous year due to higher material costs and expenses related to footprint realignment [13] - Operating cash flow increased by 7% to $117 million, despite building inventory throughout the year [13][14] Business Line Data and Key Metrics Changes - Automotive climate and comfort solutions revenue increased by 5.8% excluding foreign exchange effects, while other automotive products saw a decline of $28 million due to planned exits [12] - The company generated a commercial funnel totaling over $300 million in lifetime revenue from markets outside of light vehicles, including commercial vehicles and home and office applications [7][8] Market Data and Key Metrics Changes - Fourth quarter climate and comfort solutions revenue outgrew light vehicle production by 820 basis points, indicating strong global performance across product categories [13] - In China, Gentherm experienced strong growth, particularly with global OEMs, and finished the year with 60% of awards from domestic manufacturers [49] Company Strategy and Development Direction - Gentherm is focusing on scaling its core technologies beyond automotive applications, with a strategic combination with Modine Performance Technologies expected to close by the end of the year [6][19] - The merger is projected to create a $2.6 billion market leader with a goal to grow to over $3.5 billion by 2030, emphasizing operational excellence and market diversification [6][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory, expecting mid-single-digit growth above market levels in 2026, despite a slight decline in light vehicle production [15] - The company anticipates Adjusted EBITDA margins to improve to approximately 12% in 2026, with expectations for revenue growth driven by new program launches and adjacent market contributions [16][17] Other Important Information - Gentherm's FDA 510(k) submission for the Thermafix system is expected to generate revenue later this year, contributing to the medical segment's growth [9] - The company is prioritizing product lifecycle management and leveraging existing automotive intellectual property to enhance innovation in the medical market [8] Q&A Session Summary Question: Adjacent end markets and revenue expectations - Management confirmed they will continue to pursue adjacent markets, expecting home and office to contribute $50 million to $100 million in revenue by 2028, and anticipate significant contributions from medical products [31][32] Question: Footprint realignment timing and EBITDA expectations for 2027 - Management stated that the footprint transitions remain on track for completion in 2026, with benefits expected to flow through in 2027, leading to a potential step function change in margins [34][35] Question: China market positioning and production turbulence - Management reported strong growth in China, particularly with global OEMs, and emphasized a focus on rebalancing the mix towards domestic OEMs [48][49] Question: Thermafix system and future product launches - Management indicated that revenue from the Thermafix system is expected to start this year, and additional product launches leveraging existing technology are anticipated [52] Question: Opportunities in data centers for valves - Management highlighted potential applications in liquid cooling for data centers, facilitated by the merger with Modine Performance Technologies [53]

Performance was driven by a 43% increase in retail units sold, reaching nearly 600,000 units, which management attributes to a highly differentiated customer value proposition that disrupts traditional buying habits. The company achieved a record 11% adjusted EBITDA margin for the full year, driven by significant fixed cost leverage and fundamental gains in variable cost efficiency. Operational improvements included increasing customer selection by 20,000 cars and reducing average delivery times by a ...

Geely-owned Polestar has set out plans to broaden its electric vehicle (EV) portfolio with four new models scheduled between 2026 and 2028, as part of its next growth phase. It represents what the Swedish EV manufacturer described as “largest” product expansion in its history. The rollout will begin with the Polestar 5 four-door grand tourer, with deliveries due to start in summer this year. Later this year, in the fourth quarter, the company intends to introduce a new variant of the Polestar 4 SUV to ...

Core Viewpoint - Volkswagen is advancing plans to reduce its stake in Everllence, its unit that manufactures marine engines and heat pumps, with indicative offers received from private equity firms, valuing the unit at approximately €5bn to €6bn ($5.9bn to $7.1bn) [1][2] Group 1: Volkswagen's Strategic Moves - Volkswagen is looking to sell a controlling stake in Everllence while retaining a significant minority shareholding [2] - The sale of Everllence is part of Volkswagen's broader strategy to reshape its business amid declining demand and increased competition from Chinese manufacturers [2][6] Group 2: Financial Performance and Market Context - Volkswagen reported a net cash flow of €6bn from its automotive division in 2025, indicating stronger cash generation than expected [3] - The European automotive industry is facing challenges from competition with China and a slower-than-expected transition to electric vehicles [4] Group 3: Industry Trends and Comparisons - The auction of Everllence coincides with Continental's sale of its ContiTech division, highlighting a trend among European industrial groups to streamline operations amid rising costs and regulatory pressures [6] - Private equity firms are increasingly interested in acquiring non-core assets from large industrial groups, seeing opportunities for performance improvement through further investment [6]

2025 Fourth Quarter and Full Year Results February 19, 2026 Proprietary © Gentherm This presentation is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such j ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GREENPOWER MOTOR COMPANY INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement. If any of the securities being registered on this Form are to be offered on a delayed o ...

Core Viewpoint - Rivian Automotive's stock performance in 2025 showed significant volatility, ending the year up 48%, outperforming the S&P 500's 16% return, with expectations that 2026 may follow a similar trend [1] Group 1: Market Environment - The electric vehicle (EV) market has faced challenges due to shifting regulations, complicated tariffs, and the end of federal EV tax credits, leading to stock volatility for Rivian [2] - Uncertainty stemming from the Trump administration's policies, including tariffs and potential rollbacks of Environmental Protection Agency (EPA) regulations, has complicated the operational landscape for Rivian and other EV manufacturers [3][4] - The current administration's unpredictable stance on regulations and tariffs poses ongoing challenges for Rivian's strategic planning [5] Group 2: Company Performance - Rivian's stock began 2026 positively, with a share price increase following better-than-expected fourth-quarter 2025 results, reporting a loss of $0.54 per share and $1.29 billion in revenue, surpassing analyst expectations [6] - The company provided guidance for 2026 vehicle deliveries between 62,000 and 67,000 units, representing a 53% increase from 2025 at the midpoint, which is a key driver of shareholder optimism [7] - The introduction of the new R2 vehicle, priced significantly lower than the R1 SUV, is expected to attract more customers, with the R2 starting at $45,000 compared to the R1's starting price of approximately $77,000 [7]

Core Insights - The Federal Communications Commission (FCC) has granted Tesla Inc. a waiver to use Ultra Wideband (UWB) technology for wireless EV charging on the upcoming Cybercab [1][2]. Group 1: FCC Waiver Details - The FCC's waiver allows Tesla to bypass certain guidelines that typically restrict UWB devices, specifically sections 15.519(a) and 15.519(a)(2) [2][3]. - The FCC determined that Tesla's technology operates for a short duration and is low in power, ensuring it will not interfere with other systems [3][4]. Group 2: Wireless Charging Mechanism - Tesla's wireless charging system will utilize an induction charging method via a floor-mounted charging pad, similar to a wireless phone charger [5]. - UWB radios will assist in determining the vehicle's position, ensuring correct placement on the charging pad for effective power transfer [6]. Group 3: Cybercab Production and FSD Milestone - Tesla has introduced a production-ready version of the Cybercab, priced at $30,000, with production ramp-up targeted for April [7]. - The Supervised Full Self-Driving (FSD) system has accumulated over 8.2 billion miles, with more than 3 billion miles driven in urban conditions [7]. Group 4: Market Performance - Tesla's stock (TSLA) saw a slight increase of 0.17% to $411.32 at market close, followed by a further rise of 0.10% to $411.72 in overnight trading [8].

Group 1 - Renault Group is considering a plan to manufacture its next generation of compact electric vehicles (EVs) at its Palencia plant in Spain [1] - The company has previously produced all of its EVs in France and is now expanding its electric vehicle lineup [1] - Renault faces significant competition from low-cost Chinese manufacturers in its primary European markets [1]