Reported 29 days ago
TDK, an Apple supplier and leading smartphone battery manufacturer, has teamed up with McLaren Racing to enter the electric vehicle (EV) sector through Formula E racing. The partnership aims to enhance TDK's presence in the EV supply chain by providing components like inverters and sensors, leveraging cutting-edge technology from the racing series. As the demand for electric vehicles grows, TDK's automotive segment, which includes passive components like ceramic capacitors, plays a crucial role, reflected in their significant stock performance this year.
Source: YAHOO