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Garrett Inaugurates Wuhan Innovation Center to Advance Zero-Emission Mobility
Globenewswire· 2025-06-26 06:00
Core Insights - Garrett Motion Inc. inaugurated its new Wuhan Innovation Center, enhancing its zero-emission R&D capabilities in China and globally [2][3] - The center is part of Garrett's strategy to strengthen its position as a leader in differentiated automotive technologies, particularly in electrification and decarbonization [3][7] Company Developments - The Wuhan Innovation Center is Garrett's second innovation hub in China, complementing the Shanghai R&D Center to create a "dual innovation engine" [2][5] - The center focuses on high-speed E-Powertrain systems for zero-emission applications, supporting both automotive and industrial decarbonization efforts [5][9] Technological Advancements - Garrett has a history of innovation in mobility technologies, including variable geometry turbines and hydrogen fuel cell compressors, with a strong emphasis on zero-emission solutions [4][6] - The E-Powertrain system integrates an electric motor, inverter, and gearbox, reducing system size and weight by up to 40% and cutting the use of critical materials by approximately 30% [8] Strategic Importance - The Wuhan Innovation Center embodies Garrett's "East for East" strategy, integrating R&D and manufacturing capabilities to accelerate the commercialization of zero-emission technologies [10] - The center aims to attract cross-disciplinary talent and foster partnerships with academic institutions and industry players to drive innovation [10]
Viking Goes Industrial: Andreas Halvorsen Takes Big Swing On Beaten-Down Regal Rexnord
Benzinga· 2025-04-21 14:46
Group 1 - Regal Rexnord Corp has seen a significant increase in investment from Viking Global Investors, with a 309.19% increase in its stake after acquiring 2.68 million shares [1] - Despite a 39.91% decline in stock value over the past year and a 35.81% drop in 2025, Viking's investment indicates a belief in potential recovery [2] - Regal Rexnord is set to report its first-quarter earnings on May 5, which could influence market perception if results indicate a turnaround [3] Group 2 - The industrials sector is currently facing challenges due to tightening capital expenditure budgets and macroeconomic uncertainty, but Regal Rexnord's diversified portfolio may provide resilience [4] - The stock has declined an additional 18.51% this month, yet Viking's investment suggests a view of opportunity rather than risk [4]