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DENSO Corporation (DNZOF)

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53.350.00 (0.00%)
At close: 10:55AM EST
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  • Reuters

    Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources

    Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said. Toyota has been looking at ways to improve the competitiveness of EVs being planned for this decade, in part by speeding up the adoption of performance-boosting technologies for planned EVs, from electric drive systems - including motors - to the electronics that convert power from the grid to energy stored in batteries and more integrated heating and cooling systems, the people said. The changes would be for the successors to Toyota's first two EVs for major markets, the bZ4X and the Lexus RZ, and intended to close the gap with Tesla Inc on cost and performance, the people said.

  • Reuters

    Toyota supplier Denso posts 76% rise in Q2 profit

    Denso Corp, Toyota Motor Corp's major supplier, reported a 76% rise in second-quarter operating profit on Friday, missing analysts' estimates. The revision comes after Toyota said last week its annual production plan for 9.7 million vehicles was likely to come in below it due to chips shortage. Toyota's announcement dampened hopes that the chip shortage would ease and allow automakers to increase production in the second half of the financial year to make up for constrained output in the first half.

  • Zacks

    EVgo Inc. (EVGO) Moves 9.2% Higher: Will This Strength Last?

    EVgo Inc. (EVGO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.