Core Insights - The share of combustion engine vehicles in global automotive sales is declining due to the rise of electrification, but they will still play a significant role in sustainability strategies for the foreseeable future [1][2] - The emission control business for combustion engines is experiencing a long-term decline as battery electric vehicles gain market share, particularly in regions with supportive infrastructure and policies [2] - Internal combustion engine (ICE) vehicles will remain a significant part of the automotive landscape for several years, especially in markets lacking affordable low-carbon alternatives and necessary infrastructure [3] Company Strategy - The company has a clear strategy to navigate the transition towards electrification by working closely with existing customers to innovate and address their evolving technical and operational challenges [4][6] - The approach is technology-neutral, recognizing that various solutions, including clean ICE, alternative fuels, hybrids, and hydrogen, will contribute to decarbonizing transport in the medium term [5] - Continued investment in auto catalyst technologies is essential to meet stringent emissions regulations and changing market requirements [5] Customer Base - The primary customer base includes leading global automotive manufacturers, supplying advanced emission control solutions for both light-duty and heavy-duty vehicles [8] - The products support a wide range of powertrains, including traditional ICE, hybrids, and emerging hydrogen technologies, aligning with global shifts in transport decarbonization [8]