Automotive Parts & Equipment

QuantumScape announced the QS PowerBlock, a modular solid-state lithium-metal battery system for AI data centers that delivered four times the power density and five times the runtime of Open Compute Project Open Rack V3 benchmarks in controlled prototype testing. The system brings QuantumScape's solid-state cells into 800VDC, in-rack energy storage that exceeds key OCP specifications and targets 1 MW AI racks, positioning the technology directly inside the power architecture of next-generation data centers. The company has also joined the Open Compute Project, aligning the QS PowerBlock with OCP Open Rack V3 specifications and ecosystem partners, a move that could shape future customer billings and the pace at which its licensing model gains traction beyond autos. QuantumScape's narrative projects $242.3 million in revenue and $13.7 million in earnings by 2029, an earnings increase of about $418.7 million from -$405.0 million today, while more optimistic analysts project about US$335.6 million of revenue by 2029. The company still faces near-term execution risk around Eagle Line scale-up and converting development work into paid, recurring programs.

Jingwei Hirain announced on October 9 that as of September 30, 2026, the company had repurchased 850,000 shares, accounting for 0.7102% of total share capital, with a repurchase amount of 54.24 million yuan. The actual repurchase price range was 57.8 yuan to 69.94 yuan per share. In the first half of 2026, Jingwei Hirain achieved revenue of 2.623 billion yuan, with a net loss attributable to the parent company of 382 million yuan.

Haoneng Shares announced on October 9 that it plans to sign a joint venture contract with FAW Qixin Power Changchun Technology Co., Ltd. to jointly invest 70 million yuan in establishing a joint venture company. Haoneng Shares will subscribe 23.1 million yuan in cash, holding a 33% stake in the joint venture. The investment aims to deepen the company's layout in the new energy vehicle parts business and expand sales channels for automotive parts such as coaxial reducers. In the first half of 2026, Haoneng Shares achieved revenue of 1.495 billion yuan and net profit attributable to the parent company of 188 million yuan.

Bernstein upgraded tyre maker Continental AG to "outperform" from "Market-Perform" and raised its price target to €82 from €74, calling it its "top pick" in the tyre industry and citing a valuation discount to rivals after planned asset sales. After those deals, Continental trades on 7.3 times enterprise value to operating profit, against 7.4 for Pirelli and 8.0 for Michelin, Bernstein said. Bloomberg data shows Continental at a 10% premium to Michelin, but Bernstein's own calculation, which includes the €250 million MyCar disposal in Australia, shows a discount of about 10%, and the broker expects the gap to close within six months. Bernstein said part of the upside comes from the €4 billion sale of ContiTech to Lone StarFunds, aimed to close by the end of 2026, arguing the market does not fully understand how the sale price translates into the €3.1 billion in cash proceeds the company has guided to. Of that €3.1 billion, Continental will return €2.5 billion to shareholders in 2027, which combined with the ordinary dividend is a cash return yield of about 20%, compared with about 7% for peers. Bernstein forecasts a tyre adjusted EBIT margin of 14.4% for the third quarter against a consensus of 13.5%, and is 4% ahead of consensus for the second half of 2026 and for full-year 2027.

Gentherm declared a US$63,500,492 special cash dividend in October 2026, equal to US$2.07 per share, and appointed former Ford Chief Technical Officer Paul Mascarenas to its Board and Technology Committee. The company also named Katrin Schatz as Interim President of Modine Performance Technologies, a division of Gentherm. The one-time US$2.07 per-share payout sits alongside an ongoing buyback program and modest recent earnings, raising questions about how Gentherm balances capital returns with funding its push into adjacent markets such as commercial vehicles and motion furniture. The company's narrative projects US$2.2 billion in revenue and US$161.7 million in earnings by 2029, while the most cautious analysts see only about US$1.8 billion of revenue and US$108.7 million of earnings by that year.

Bethel announced on October 8 that as of September 30, 2026, the company had repurchased 3.71 million shares, accounting for 0.41% of total share capital, with a repurchase amount of 100 million yuan and a repurchase price range of 26.33 yuan to 27.39 yuan per share. In the first half of 2026, Bethel achieved revenue of 6.272 billion yuan and net profit attributable to the parent of 641 million yuan.

Shanghai Huizhong Automotive Manufacturing, a wholly owned subsidiary of Huayu Automotive Systems, plans to acquire a 10.9569% stake in Lianchuang Automotive Electronics held by the National Green Development Fund through public bidding, with a listed transfer base price of 320 million yuan. After the transaction, Shanghai Huizhong's stake in Lianchuang Electronics will rise to 16.25%. Since Lianchuang Electronics is indirectly controlled by a wholly owned subsidiary of SAIC Motor, the controlling shareholder of Huayu Automotive, this continued acquisition involves joint investment with a related party and constitutes a related-party transaction. In the first half of 2026, Huayu Automotive posted revenue of 83.939 billion yuan and net profit attributable to the parent of 2.647 billion yuan.

Fuda Co. announced on October 8 that senior executive Fan Fan has increased his stake in the company by 93,900 shares through centralized bidding, representing 0.0145% of total share capital, with a cumulative purchase amount of 1.01 million yuan, completing the share increase plan. In the first half of 2026, Fuda Co. achieved revenue of 1.051 billion yuan and net profit attributable to the parent company of 157 million yuan.

Yunyi Electric announced on October 8 that as of September 30, 2026, the company had repurchased 9.7 million shares, accounting for approximately 1.11% of total share capital, with a repurchase amount of 127 million yuan and a repurchase price range of 9.92 yuan to 14.68 yuan per share. In the first half of 2026, Yunyi Electric achieved revenue of 1.092 billion yuan and net profit attributable to the parent of 168 million yuan.

Xinpeng Co. announced on October 8 that its wholly owned subsidiary Hanyudong plans to use no more than 22 million yuan of its own funds to participate in Sijia Technology's private share placement. Since company chairman Song Lin is a shareholder of Sijia Technology, this transaction constitutes a related-party investment. In the first half of 2026, Xinpeng Co. achieved revenue of 1.632 billion yuan and net profit attributable to the parent of 345 million yuan.

Xinpeng Co. announced that its wholly-owned subsidiary Shanghai Hanyudong Investment Co., Ltd. plans to use no more than 22 million yuan of its own funds to participate in the private placement of shares by Sijia Semiconductor Technology (Jiangsu) Co., Ltd. This matter constitutes a related-party transaction, and related director Song Lin recused himself from voting.

Huayu Automotive announced that its wholly owned subsidiary Shanghai Huizhong plans to acquire the 10.9569% stake in Lianchuang Electronics held by the Green Fund through public bidding, with a listing base price of 320 million yuan. After the transaction is completed, Shanghai Huizhong's shareholding in Lianchuang Electronics will increase to 16.25%. Since Lianchuang Electronics is an enterprise indirectly controlled by SAIC Motor, the controlling shareholder of Huayu Automotive, this transaction constitutes a related-party transaction.

Shuanglin Shares announced on October 8 that as of September 30, 2026, the company had repurchased 2.15 million shares, accounting for 0.37% of total share capital. The transaction price range for this repurchase was 20.5 yuan to 22.05 yuan per share, with total repurchase funds paid amounting to 46.39 million yuan. In the first half of 2026, Shuanglin Shares achieved revenue of 2.126 billion yuan and net profit attributable to the parent of 91.48 million yuan.

Shanghai Huizhong Automotive Manufacturing, a wholly owned subsidiary of Huayu Automotive Systems, plans to acquire a 10.9569% stake in United Automotive Electronic held by the National Green Development Fund through public bidding on the Shanghai United Assets and Equity Exchange, with a listed transfer reserve price of approximately 320.25 million yuan. Upon completion, Shanghai Huizhong's stake in United Automotive Electronic will rise to 16.25%. United Automotive Electronic was established in April 2006 with registered capital of approximately 422 million yuan. Its main products include intelligent steering control systems, intelligent brake control systems, intelligent suspension control systems, central motion coordination controllers, and intelligent driving and connectivity products. Using December 31, 2025 as the valuation base date, United Automotive Electronic's net assets had a book value of approximately 202 million yuan, while the income approach valued total shareholder equity at approximately 2.923 billion yuan, which served as the basis for the listed reserve price. Because United Automotive Electronic is indirectly controlled by SAIC Motor, the controlling shareholder of Huayu Automotive Systems, with SAIC Investment and SAIC Equity together holding 75.37% of its equity, this acquisition constitutes a related-party transaction but does not constitute a major asset restructuring. Shanghai Huizhong had previously completed the acquisition of a 5.2958% stake in United Automotive Electronic for no more than approximately 154.78 million yuan. This transaction is an important step in the company's strategy to build an integrated intelligent chassis business and advance its transformation from a traditional chassis manufacturer to an intelligent chassis solution provider.

Dong'an Power released an announcement on October 8 disclosing production and sales data for September 2026. In September, the company sold 49,100 engines, up 20.48% year on year, but cumulative sales for the year reached 292,500 units, down 10.12% year on year. Engine production that month was 46,300 units, down 4.37% year on year, while cumulative production for the year was 300,700 units, down 13.47% year on year. For transmissions, September sales were 16,200 units, up 119.45% year on year, while cumulative sales for the year were 103,600 units, down 12.90% year on year. Transmission production that month was 5,243 units, down 67.49% year on year, and cumulative production for the year was 79,200 units, down 45.76% year on year. In the first half of 2026, Dong'an Power achieved revenue of 2.482 billion yuan and a net loss attributable to the parent company of 8.93 million yuan.

Sanko Diecasting (Thailand), or SANKO, is in negotiations with new customers in the United States to open the way for more OEM parts orders for vehicle assembly. The talks cover pricing, adjusting product designs to match customer requirements, and assessing production capacity together with the customers' engineering teams. The discussions are still ongoing and progress will need to be monitored. CEO Ratthawat Suksaichon said flooding in several areas did not directly affect the company's plants, but had an indirect impact through some domestic customers that had to slow or halt production, reducing the volume of parts orders. Orders from overseas are still proceeding as planned, with the share of domestic and international orders at roughly similar levels. For the remainder of 2026, the company will focus on strict cost control and expense reduction to preserve profitability. In 2027, it will closely monitor the recovery of customers and trends in vehicle production, as well as demand for new cars to replace those damaged by flooding, which could in turn feed through to demand for the company's OEM parts.

Bank of America double upgraded Forvia to Buy from Underperform and raised its price objective to €14 from €10.50, sending shares of the French auto parts supplier up more than 8% Wednesday. Analyst Stephen Benhamou said the concerns raised at the bank's initiation "now appear largely priced in." The upgrade followed Forvia's announcement a day earlier of a seating joint venture with India's Anand Group, in which Forvia will hold 50% plus one share and Gabriel India, Anand's flagship listed company, will hold 50% less one share; the venture aims to help Forvia reach about 10% market share in India over five years. Benhamou noted Forvia is the worst-performing European supplier this year, down about 30%, trading at a roughly 10% discount to peers with a free cash flow yield above 20%. He said the planned €1.82 billion sale of the Interiors business exposes a valuation gap, with the remaining business trading at 6.4 times 2027 estimated EV/EBIT versus 7.2 times for European suppliers, and that convergence with peers would imply about 60% upside. BofA expects savings of about €110 million in 2026 and €120 million in 2027 to lift the adjusted EBIT margin to 7.0% by 2028 from 6.2% in 2026, while leverage falls to 1.2 times from 1.6 times, with its 2028 estimates about 5% above consensus.

Fuwei announced that its controlling subsidiary Fuwei Adient plans to purchase the 50% stakes in Fuwei Adient Metal Parts held by the company and Adient Asia respectively, with a total transaction amount of 318 million yuan. After the equity transfer is completed, Fuwei Adient Metal Parts will become a wholly-owned subsidiary of Fuwei Adient and a controlled second-tier subsidiary within the company's consolidated financial statements. The transaction aims to achieve integrated consolidation of seating technology, business and strategy, and to build a complete industrial closed loop.

Sentury Tire announced that the company plans to jointly invest with TATKO Group in a project in Turkey to produce 7 million high-performance passenger car and light truck radial tires per year, with a total investment of 273 million dollars and the company holding a 90.1 percent stake. The construction period is 18 months, and after completion, it is expected to generate annual revenue of 205 million dollars and net profit of 42.11 million dollars. The investment still requires shareholder approval.

Feilong Shares announced that net profit attributable to shareholders for the first three quarters of 2026 is expected to be between 95 million yuan and 117 million yuan, down 59.20% to 66.87% year on year, mainly due to the combined impact of multiple phased factors including intensifying industry competition, rising raw material prices, exchange rate fluctuations, and new businesses still in the incubation period. At this stage, revenue from non-automotive businesses accounts for a relatively low proportion of overall revenue. New Asia Technology is planning to acquire a controlling stake in Shanghai Qiyuan Gas Development Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. The transaction is expected to constitute a major asset restructuring, and trading in the company's securities has been suspended since the market opened on October 8, 2026. Huahai Pharmaceutical expects net profit for the first three quarters of 2026 to be between 1.028 billion yuan and 1.103 billion yuan, up 170% to 190% year on year, mainly due to a significant increase in sales revenue from the active pharmaceutical ingredients business, expansion of products winning bids under centralized procurement in the domestic finished drug business, a turnaround to profitability in the US finished drug business, as well as gains from winning an arbitration and a reduction in research and development expenses. Asieris Pharmaceuticals has signed a conditional exclusive license agreement with Theramex, under which Theramex obtains exclusive rights to APL-1702 in European countries as well as Australia, New Zealand, and Turkey. The company will receive an upfront payment of 15 million US dollars, a near-term regulatory milestone payment of 11 million US dollars, as well as commercial milestone payments and tiered sales royalties, with the total transaction value exceeding 250 million US dollars. COSCO Shipping Holdings has completed its A-share repurchase, actually repurchasing 50.0175 million shares, accounting for 0.3276% of total share capital, with a repurchase amount of 755 million yuan and a repurchase price range of 13.69 yuan to 16.42 yuan per share. The company will cancel the repurchased shares on October 8.

Sentury Tire announced on the evening of October 7 that it plans to jointly invest with Turkish tire distribution service provider TATKO Group in a project to build an annual production capacity of 7 million high-performance passenger car and light truck radial tires in Turkey, with a total planned investment of $273 million and a construction period of 18 months. The project's total planned investment is $272.82 million, of which Sentury Tire and its wholly owned subsidiaries will account for 90.1 percent and TATKO Group for 9.9 percent, funded through self-raised capital. According to estimates, once completed and operating normally, the project is expected to generate annual operating revenue of $204.62 million and net profit of $42.11 million, with a net profit margin of 20.58 percent. This outbound investment was approved at the 14th meeting of the company's fourth board of directors on September 30, 2026, and still requires review by the company's shareholders' meeting, as well as approval or filing with relevant Chinese authorities and local Turkish authorities. Sentury Tire stated that the project is a concrete step in implementing the high-quality Belt and Road Initiative and positioning intelligent manufacturing capacity at a Eurasian hub. Once completed, it will create global synergies with the company's overseas production bases in Thailand and Morocco, further improving its 833Plus global strategic layout.

Forvia and Anand Group have signed a joint venture agreement to accelerate seating growth in India, creating a new entity named Faurecia Anand Seating India Private Limited that will focus on seat frames and complete seats. Forvia will control the venture with a 50% plus 1 share stake, while Gabriel India, Anand Group's flagship company listed on the National Stock Exchange and Bombay Stock Exchange, will hold 50% less 1 share. The partnership combines Forvia's global seating expertise with Anand Group's local manufacturing footprint and customer relationships to strengthen access to Indian OEMs, supporting Forvia Seating's ambition to reach approximately 10% market share over the next five years as a first growth milestone. The transaction is expected to close by the end of 2026, subject to customary conditions including applicable regulatory approvals. The joint venture builds on a relationship between the two companies that began in 1991 with a partnership in Clean Mobility.

S.C.L. Motor Part Public Company Limited, or SCL, a leading distributor of automotive spare-parts products in Thailand, disclosed that its overall business this year has improved on last year. Mr. Sakon Tangkosakul, the company's chief executive officer, said demand for spare parts and maintenance components continues to come in, and he expects flooding in many areas to gradually increase demand for repairs and replacement of damaged parts once the situation eases and vehicles return to normal repair and maintenance. That should support the automotive aftermarket in the final stretch of the year. The company is closely monitoring the situation, managing stock and planning product distribution to match market demand. SCL currently offers more than 200,000 spare-part items, covering both genuine and replacement parts, with a nationwide customer network of more than 2,000 outlets, including parts shops, auto repair garages, service centers and insurance companies. The company also signaled that its overall business in 2026 will be brighter than last year.

Wasin Damrongsakulwong, director and general manager of Interhides Public Company Limited, or IHL, told the Stock Vision news team that the company may benefit from additional orders for car leather seats after the flood situation eases, since many vehicles were damaged, creating extra demand for repairs or replacement of car leather seats. In past flood events, the company also received additional orders, but it now needs to wait for a clearer assessment of damage and market demand after the water recedes. As for the current flooding, IHL's factories have not been directly affected and internal operations remain normal. The short-term impact comes from some domestic customers asking to delay deliveries by about two to three days, and the company expects deliveries to return to normal within this week. There are no signs of overseas customers requesting delivery delays, and new orders continue to come in as usual. For the fourth quarter of 2026, the company sees the overall picture still trending well, especially the shoe leather business, which has continued to receive orders. The car leather seat business still requires monitoring of order trends after the floods ease and deliveries return to normal. The collagen factory continues to operate as planned, and revenue recognition is expected to begin in the fourth quarter of 2026. However, the company is still monitoring the government approval process for its license, which may take longer because the government is focusing on flood relief and there are public holidays.

SCL Motor Part Public Company Limited, or SCL, expects a positive business outlook for 2026, anticipating that demand for repair and replacement of auto parts damaged by flooding will gradually increase after the waters recede. Managing Director Sakon Tangkosakul said the company is closely monitoring the situation and is managing product inventory and planning distribution to align with market demand, in order to handle the repair demand expected to rise after the floods subside. SCL currently offers more than 200,000 parts products, covering both genuine and replacement parts, with a nationwide customer network of over 2,000 clients, including parts shops, auto repair garages, service centers, and insurance companies. The company views that continued repair demand, together with demand for parts replacement after the flood situation eases, will support growth in the auto parts market in the final stretch of the year.

S.C.L. Motor Part Public Company Limited, or SCL, a leading distributor of automotive spare parts in Thailand, is preparing for repair and maintenance demand expected to gradually rise after the flood situation eases. Sakon Tangkosakul, the company's chief managing director, disclosed that the overall business outlook this year is better than last year, driven by continued demand for auto parts and repair components. The company assesses its business direction for 2026 as positive and is pressing ahead with inventory management while planning aggressive product distribution in line with market demand. SCL currently offers more than 200,000 spare part items, covering both genuine and replacement parts, with a nationwide customer network of over 2,000 clients, including parts shops, auto repair garages, service centers and insurance companies, which is a strength in reaching and distributing products. The company views sustained repair demand, together with demand for parts replacement after the floods, as factors supporting growth in the auto parts market in the final stretch of the year.

Yeap Su Chuan, Chief Executive Officer of Aapico Hitech Public Company Limited, or AH, told the Hoons Vision news team that the group's factories were unaffected by the flooding situation and continue to run their production lines as normal. He noted that flooding in several areas may create additional demand for replacement parts from damaged vehicles, which represents an opportunity for the auto parts business. Although Thai vehicle production capacity has yet to return to the level of 2 to 4 million units per year, the company sees the growth of electric vehicles, or EVs, together with the government's push to increase the proportion of local production, or localization, as factors opening new opportunities for domestic parts makers. On overseas markets, exports remain at normal levels, with AH having a base of major customers spread across the United States, China and Malaysia, and producing and delivering parts for the Proton brand, which helps support its overseas revenue base. As for the operating outlook for 2026, Yeap expects revenue to improve slightly from the previous year. Although the overall economy and global situation remain uncertain, the company has a strong order backlog and therefore remains confident in its medium- to long-term growth.

Garrett Motion reported quarterly revenue of US$976 million, up 6.9% year on year, with EBITDA results and full-year guidance that topped analyst expectations. The stock rose 3.1% over the last day and 5.3% over the past week, though its 90-day share price return is down 18.4% after a softer 30-day stretch, while the 1-year total shareholder return stands at 103.8% and the 3-year total shareholder return at about 2.8x. The most followed narrative pegs fair value around $37.17, comfortably above the last close at $27.07, implying the shares are 27% undervalued. That narrative rests on ongoing innovation and proof of concept awards in zero emission technologies including E Powertrain, E Cooling, and fuel cell compressors, plus expansion in industrial and non automotive end markets. It also flags risks from Garrett Motion's reliance on internal combustion engine turbochargers and exposure to tariff and currency swings.

Garrett Motion reported second-quarter revenues of $976 million, up 6.9% year on year and 3.3% above analysts' expectations, with full-year EBITDA guidance also beating projections. Across the 14 electrical systems stocks tracked, group revenues beat consensus estimates by 2.3% while next-quarter revenue guidance came in 0.6% below, and share prices have fallen an average of 7% since the latest earnings results. Garrett Motion shares are down 12.1% since reporting and trade at $26.30. Among peers, Atkore posted revenues of $794.8 million, up 8.1% year on year and 4.7% above expectations, with its stock up 30.3% at $95.07, while Powell reported revenues of $311.7 million, up 8.9% but 1.6% short of estimates, and its stock is down 13.1% at $191.00. Verra Mobility reported revenues of $263.6 million, up 11.7% and 3.8% above expectations, but logged the weakest full-year guidance update of the group and saw its stock fall 46.2% to $3.02, while Sanmina reported revenues of $3.46 billion, up 69.7% and 1.8% above estimates, with its stock up 6.4% at $222.34.

Aptiv entered the second half of 2026 with roughly $5 billion of new commercial awards, a base that breaks down into about $2.4 billion in Intelligent Systems and $2.5 billion in Engineered Components. The company said second-quarter adjusted revenue growth accelerated sequentially to 2%, while Software & Services increased 10% and non-automotive revenues grew 12%. Aptiv also secured its first commercial award for Gen 8 automotive radar, gained an initial robotics perception-system award and expanded its collaboration with NVIDIA around production-ready Edge AI platforms. Aptiv repurchased $250 million of shares in the quarter and expects to return about half of free cash flow through buybacks over the next few years. The article also compared Aptiv with two U.S.-listed peers, BorgWarner and Magna International, noting that execution on new-program launches and conversion of technology investments into higher-margin content will shape future earnings growth.

Kodiak AI plans to make IKEA Supply its first customer for driverless long-haul freight service by the end of this year. The planned launch would remove the safety observer from the cab on a 219-mile leg, primarily along Interstate 45 between Kodiak's Houston and Dallas-area facilities, a key segment of an existing 292-mile route from IKEA's Baytown distribution center to its Frisco store. The announcement builds on four years of supervised autonomous deliveries for IKEA, during which Kodiak says it has carried more than 1,300 loads and logged over 750K miles with a safety observer aboard. Kodiak began its long-haul launch program in August and said its trucks now complete runs between Lancaster, Texas, and Houston without the observer intervening, though the company must finish its highway safety case before removing the observer. Kodiak AI was founded in 2018 and developed the Kodiak Driver, an autonomous-driving system for trucks and other vehicles; the Mountain View, California-based company went public on September 25, 2025, when its shares began trading on Nasdaq following a SPAC transaction with Ares Acquisition Corporation II. Shares of Kodiak AI were up 1.8% in premarket trading after peeling off 13.0% on Thursday.

Sakol Tangkosakul, chief executive officer of S.C.L. Motor Part Public Company Limited, or SCL, a leading distributor of automotive spare-part products covering Thailand's major car brands, told Than Hoon that the company's overall business this year is trending better than last year, driven by continued demand for auto parts and repair components, especially after flooding in several areas damaged vehicles and increased demand for repairs and part replacements. The company said it is ready to meet that demand through its supply-chain network and a wide range of spare-part products covering leading car brands. It also expects the growing base of older vehicles on the road to remain a key market supporting continued growth in the aftermarket, even as new-car sales or the economy may slow at times. On expansion strategy, SCL recently brought in several new brands as partners, exceeding its target and ahead of schedule, and it is still developing cooperation with additional global partners, with several projects underway.

Worksport Ltd. announced that its WorksportCOR Portable Energy System is now available for purchase through Amazon's online marketplace, opening a new sales channel beyond the company's own web platform. The COR delivers up to 2,000 watts of AC output and uses swappable, 960-watt-hour lithium iron phosphate battery packs, with the starter bundle including one inverter and one battery currently listed at $799 on Worksport's website. The launch follows Worksport's previously announced completion of COR's North American certification process, including key UL and CSA approvals, and the company said it will evaluate distribution of the Worksport SOLIS Solar Folding Truck Bed Cover via Amazon in Q4 2026. Chief Executive Officer Steven Rossi said the Amazon channel gives Worksport another way to reach customers and establish the company in the portable-energy market, a category Persistence Market Research forecasts will grow from approximately $1.8 billion globally in 2026 to $4.9 billion by 2033, a projected compound annual growth rate of 15.4%. Rossi added that Worksport will evaluate expanding into other Amazon markets in South America and Europe as it grows COR sales through the marketplace.