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KOSTAL Group

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uuid002mliv

Namestring
KOSTAL Group
Legal namestring
Leopold Kostal GmbH & Co. KG
Websiteurl
kostal.com
Company typeenum
Private
Founded yearint
1912
Descriptiontext

KOSTAL Group is a German family-owned automotive electronics supplier, founded in 1912 in Lüdenscheid and now led by the fourth generation of the Kostal family. The group operates 64 locations across 22 countries with approximately 19,900 employees and reported preliminary 2025 revenue of approximately €3.5 billion. It is organized into seven divisions covering automotive electrical systems, electro-mobility power electronics, contact systems, industrial electronics, solar electric products, SOMA, and EV charging infrastructure and software under the Compleo and vaylens brands. The group invests more than €200 million annually in R&D across hardware, embedded software, and cybersecurity (ISO/SAE 21434, ISO 26262).

Core products include steering column modules, human-machine interfaces, driver assistance cameras, on-board chargers (OBC), DC-DC converters, contact systems, solar electronics, industrial automation components, EV charging stations (Compleo), and charge point management software (vaylens). Technology stack centers on embedded automotive electronics with functional-safety and automotive-cybersecurity certifications (IATF 16949, ISO 9001, ISO 26262, ISO/SAE 21434), complemented by a software layer for fleet and depot charging management. R&D exceeds €200 million annually.

The business model is predominantly Tier-1 B2B supply to global OEMs, anchored by Volkswagen Group, General Motors, and Mercedes-Benz on multi-year platform contracts. A second revenue stream is hardware-plus-software EV charging infrastructure (Compleo + vaylens), combining unit sales with subscription software. A third channel distributes solar electric products directly. Recent strategic moves include the 2023 acquisition of Compleo, the 2024 launch of the vaylens software brand, the 2024 Phase 3 expansion in North Macedonia, the 2025 spin-off of KOSTAL Electro Mobility, and a 2025 €150 million IFC credit facility supporting further expansion including Ukraine operations. A 140-job reduction at Abbeyfeale, Ireland reflects OBC production transfer to a lower-cost location.

Short descriptiontext

KOSTAL Group is a German family-owned Tier-1 automotive electronics supplier founded in 1912, serving global OEMs including Volkswagen, General Motors, and Mercedes-Benz with steering modules, HMI, driver assistance cameras, EV power electronics, charging infrastructure, and solar electronics across 22 countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersLüdenscheid, Germany
HQ citystring
Lüdenscheid
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices41 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
automotive mechatronics, vehicle electrification systems, photovoltaic inverters, industrial automation systems, EV charging infrastructure
Industry3 codes
1Automotive Power Electronics & Inverters/Converters Manufacturing
CodeIMACAJAEPrimaryYes
2Renewable Monitoring, Controls & SCADA Hardware Manufacturing (Sensors, RTUs, Meters)
CodeEUAMAHAJPrimaryNo
3Passenger Vehicle Electrical & Electronics Manufacturing (ICE)
CodeIMACAAAKPrimaryNo
NAICS code2 codes
  • Motor Vehicle Electrical and Electronic Equipment Manufacturing33632
  • Electrical Equipment Manufacturing33531
SIC code2 codes
  • Electronic Components & Accessories3670
  • Industrial Instruments For Measurement, Display, And Control3823
Product category
Automotive Electronics and Mechatronics
Social media profiles3 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model5 records
1Automotive Electrical Systems
TypeHardware Sales
Description

Sale of mechatronic products, comfort electronics, drive controls, and contact systems to automotive OEMs globally. Products are integrated as components into vehicle platforms during OEM production cycles.

kostal.com
2Electro Mobility
TypeHardware Sales
Description

Sale of on-board battery chargers, power converters, and vehicle-to-grid integration systems for electric and hybrid vehicles. Products sold directly to automotive manufacturers as Tier-1 components.

kostal.com
3Industrial Electronics
TypeHardware Sales
Description

Photovoltaic inverters, drive controllers (INVEOR platform), and measurement/control/regulation electronics sold to industrial customers and installers.

kostal.com
4Solar Electric
TypeHardware Sales
Description

Sale of solar inverters, wallboxes, storage systems, and management/monitoring solutions to photovoltaic trade and skilled crafts sector through distribution partners in Europe.

kostal.com
5Charging Infrastructure (Compleo & vaylens)
TypeHardware Sales
Description

AC charging stations and wallboxes for professional public and commercial applications, along with charging management software for managing and monetizing EV charging infrastructure.

kostal.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 8 records shown
1KOSTAL Automobil Elektrik
Description

Automotive electrical systems including comfort electronics, comfort controls, and drive controls with mechatronic products for electromobility and future operating concepts.

kostal.com
+7 more records
Core offering1 text field

KOSTAL Group develops and manufactures technologically complex electronic and mechatronic products, primarily serving global automotive OEMs as a Tier-1 supplier. Core offerings include mechatronic modules (steering column modules, comfort and drive controls), on-board battery chargers, power converters, contact systems and plug connectors, driver assistance cameras, plus industrial electronics such as photovoltaic inverters, INVEOR drive controllers, and EV charging stations and management software.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Carbon neutrality target by 2045
+2 more records
Product overview1 text field

KOSTAL Group is a diversified industrial technology company organized into seven independent business divisions offering a broad portfolio of automotive electrical systems, electromobility solutions, industrial electronics, and charging infrastructure. The portfolio includes: KOSTAL Automobil Elektrik (mechatronics for vehicle controls and EV applications), KOSTAL Electro Mobility (battery charging systems, power converters, vehicle-to-grid integration), KOSTAL Kontakt Systeme (connectors), KOSTAL Industrie Elektrik (photovoltaics, drive controllers), KOSTAL Solar Electric (inverters, wallboxes, storage for PV), SOMA (testing/automation/dosing systems), Compleo (charging stations and wallboxes), and vaylens (charging management software). The group operates as a tier-1 automotive supplier with global OEM customers including Volkswagen and General Motors.

Product and service1 record
1KOSTAL Automobil Elektrik
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Recent move10 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

French automotive Tier-1 with leading positions in electrification (inverters, on-board chargers, thermal management) and powertrain electronics. Direct competitor in EV power electronics with comparable OEM customer base.

TypeDirect peer
Description

Global automotive technology company focused on electrical architecture, connectors, and advanced electronics. Highly comparable to KOSTAL's connector (Kontakt Systeme) and vehicle electrical systems businesses.

TypeDirect peer
Description

World's largest automotive Tier-1 supplier with deep portfolios in mechatronics, power electronics, on-board charging, and EV components. Directly comparable to KOSTAL across multiple automotive electrical/electronic product lines and OEM customer overlap.

TypeDirect peer
Description

German-headquartered global leader in PV inverters for residential, commercial, and utility-scale solar. Directly comparable to KOSTAL Solar Electric in product portfolio, European channel strategy, and target customer (PV trade/installer segment).

TypeDirect peer
Description

Automotive Tier-1 with strong mechatronics and drivetrain/electrification portfolios, including power electronics and e-mobility components. Closely comparable in customer base and product overlap with KOSTAL Automobil Elektrik.

TypeEmerging player
Description

German automotive supplier expanding into EV charging stations, thermal management, and battery systems. Comparable to KOSTAL's EV charging (Compleo) and Electro Mobility businesses, though smaller in power electronics.

TypeDirect peer
Description

Automotive lighting and electronics supplier (now part of Forvia) with overlapping product lines in lighting, steering sensors, and vehicle electronics. Comparable to KOSTAL's lighting and sensor heritage (rain sensor, dipped-beam patents).

TypeDirect peer
Description

Global leader in connectors and contact systems for automotive and industrial markets. Most directly comparable to KOSTAL Kontakt Systeme, with similar miniaturization and high-variant product strategies.

TypeDirect peer
Description

Major automotive Tier-1 with extensive electrification, power electronics, and mechatronic systems businesses. Direct competitor to KOSTAL in automotive electrical systems serving VW, GM, and European OEMs.

TypeDirect peer
Description

Privately-held Japanese Tier-1 specializing in automotive wiring harnesses, connectors, and instrumentation. Closely comparable to KOSTAL Kontakt Systeme in connector and contact system manufacturing for OEMs.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration5 records

Each record includes

Title, Type, Description, Source

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries8 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance15 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

KOSTAL Group

Automotive Electronics and Mechatronicskostal.com

KOSTAL Group is a German family-owned Tier-1 automotive electronics supplier founded in 1912, serving global OEMs including Volkswagen, General Motors, and Mercedes-Benz with steering modules, HMI, driver assistance cameras, EV power electronics, charging infrastructure, and solar electronics across 22 countries.

What KOSTAL Group does

KOSTAL Group is a German family-owned automotive electronics supplier, founded in 1912 in Lüdenscheid and now led by the fourth generation of the Kostal family. The group operates 64 locations across 22 countries with approximately 19,900 employees and reported preliminary 2025 revenue of approximately €3.5 billion. It is organized into seven divisions covering automotive electrical systems, electro-mobility power electronics, contact systems, industrial electronics, solar electric products, SOMA, and EV charging infrastructure and software under the Compleo and vaylens brands. The group invests more than €200 million annually in R&D across hardware, embedded software, and cybersecurity (ISO/SAE 21434, ISO 26262).

Core products include steering column modules, human-machine interfaces, driver assistance cameras, on-board chargers (OBC), DC-DC converters, contact systems, solar electronics, industrial automation components, EV charging stations (Compleo), and charge point management software (vaylens). Technology stack centers on embedded automotive electronics with functional-safety and automotive-cybersecurity certifications (IATF 16949, ISO 9001, ISO 26262, ISO/SAE 21434), complemented by a software layer for fleet and depot charging management. R&D exceeds €200 million annually.

The business model is predominantly Tier-1 B2B supply to global OEMs, anchored by Volkswagen Group, General Motors, and Mercedes-Benz on multi-year platform contracts. A second revenue stream is hardware-plus-software EV charging infrastructure (Compleo + vaylens), combining unit sales with subscription software. A third channel distributes solar electric products directly. Recent strategic moves include the 2023 acquisition of Compleo, the 2024 launch of the vaylens software brand, the 2024 Phase 3 expansion in North Macedonia, the 2025 spin-off of KOSTAL Electro Mobility, and a 2025 €150 million IFC credit facility supporting further expansion including Ukraine operations. A 140-job reduction at Abbeyfeale, Ireland reflects OBC production transfer to a lower-cost location.

KOSTAL Group firmographics

Firmographics
Name
KOSTAL Group
Legal name
Leopold Kostal GmbH & Co. KG
Website
https://kostal.com
Company type
Private
Founded year
1912
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
KOSTAL Group is a German family-owned Tier-1 automotive electronics supplier founded in 1912, serving global OEMs including Volkswagen, General Motors, and Mercedes-Benz with steering modules, HMI, driver assistance cameras, EV power electronics, charging infrastructure, and solar electronics across 22 countries.
Ownership category
akta.pro rank

KOSTAL Group industry classification

Industry
Product category
Automotive Electronics and Mechatronics
NAICS
Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electrical Equipment Manufacturing (33531)
SIC
Electronic Components & Accessories (3670), Industrial Instruments For Measurement, Display, And Control (3823)
akta.pro primary industry
Automotive Power Electronics & Inverters/Converters Manufacturing (IMACAJAE)
akta.pro secondary industries
Renewable Monitoring, Controls & SCADA Hardware Manufacturing (Sensors, RTUs, Meters) (EUAMAHAJ), Passenger Vehicle Electrical & Electronics Manufacturing (ICE) (IMACAAAK)

Keywords

  • Automotive mechatronics
  • Vehicle electrification systems
  • Photovoltaic inverters
  • Industrial automation systems
  • EV charging infrastructure

Where KOSTAL Group is headquartered

Location

Headquarters

HQ city
Lüdenscheid
HQ country
Germany
HQ region
Europe

Offices41 records

Markets served

KOSTAL Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Automotive Electrical Systems: Sale of mechatronic products, comfort electronics, drive controls, and contact systems to automotive OEMs globally. Products are integrated as components into vehicle platforms during OEM production cycles.
  2. Electro Mobility: Sale of on-board battery chargers, power converters, and vehicle-to-grid integration systems for electric and hybrid vehicles. Products sold directly to automotive manufacturers as Tier-1 components.
  3. Industrial Electronics: Photovoltaic inverters, drive controllers (INVEOR platform), and measurement/control/regulation electronics sold to industrial customers and installers.
  4. Solar Electric: Sale of solar inverters, wallboxes, storage systems, and management/monitoring solutions to photovoltaic trade and skilled crafts sector through distribution partners in Europe.
  5. Charging Infrastructure (Compleo & vaylens): AC charging stations and wallboxes for professional public and commercial applications, along with charging management software for managing and monetizing EV charging infrastructure.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

KOSTAL Group product offering

Product offering

Core offering

KOSTAL Group develops and manufactures technologically complex electronic and mechatronic products, primarily serving global automotive OEMs as a Tier-1 supplier. Core offerings include mechatronic modules (steering column modules, comfort and drive controls), on-board battery chargers, power converters, contact systems and plug connectors, driver assistance cameras, plus industrial electronics such as photovoltaic inverters, INVEOR drive controllers, and EV charging stations and management software.

Product overview

KOSTAL Group is a diversified industrial technology company organized into seven independent business divisions offering a broad portfolio of automotive electrical systems, electromobility solutions, industrial electronics, and charging infrastructure. The portfolio includes: KOSTAL Automobil Elektrik (mechatronics for vehicle controls and EV applications), KOSTAL Electro Mobility (battery charging systems, power converters, vehicle-to-grid integration), KOSTAL Kontakt Systeme (connectors), KOSTAL Industrie Elektrik (photovoltaics, drive controllers), KOSTAL Solar Electric (inverters, wallboxes, storage for PV), SOMA (testing/automation/dosing systems), Compleo (charging stations and wallboxes), and vaylens (charging management software). The group operates as a tier-1 automotive supplier with global OEM customers including Volkswagen and General Motors.

Differentiator

Problem solved

Functional benefit

Brands

  • KOSTAL Automobil Elektrik: Automotive electrical systems including comfort electronics, comfort controls, and drive controls with mechatronic products for electromobility and future operating concepts.
  • KOSTAL Electro Mobility
  • KOSTAL Kontakt Systeme
  • KOSTAL Industrie Elektrik
  • KOSTAL Solar Electric
  • SOMA
  • Compleo
  • vaylens

Products and services

  • KOSTAL Automobil Elektrik

Quantifiable outcome

  • Carbon neutrality target by 2045
  • +2 more outcomes

Companies that use KOSTAL Group

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

KOSTAL Group technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature6 records

KOSTAL Group partnerships and signals

Strategic signal

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

KOSTAL Group competitors and assessment

Company assessment

Direct peers

  • Valeo SA: French automotive Tier-1 with leading positions in electrification (inverters, on-board chargers, thermal management) and powertrain electronics. Direct competitor in EV power electronics with comparable OEM customer base.
  • Aptiv PLC: Global automotive technology company focused on electrical architecture, connectors, and advanced electronics. Highly comparable to KOSTAL's connector (Kontakt Systeme) and vehicle electrical systems businesses.
  • Robert Bosch GmbH: World's largest automotive Tier-1 supplier with deep portfolios in mechatronics, power electronics, on-board charging, and EV components. Directly comparable to KOSTAL across multiple automotive electrical/electronic product lines and OEM customer overlap.
  • SMA Solar Technology AG: German-headquartered global leader in PV inverters for residential, commercial, and utility-scale solar. Directly comparable to KOSTAL Solar Electric in product portfolio, European channel strategy, and target customer (PV trade/installer segment).
  • ZF Friedrichshafen AG: Automotive Tier-1 with strong mechatronics and drivetrain/electrification portfolios, including power electronics and e-mobility components. Closely comparable in customer base and product overlap with KOSTAL Automobil Elektrik.
  • Hella (Forvia): Automotive lighting and electronics supplier (now part of Forvia) with overlapping product lines in lighting, steering sensors, and vehicle electronics. Comparable to KOSTAL's lighting and sensor heritage (rain sensor, dipped-beam patents).
  • TE Connectivity: Global leader in connectors and contact systems for automotive and industrial markets. Most directly comparable to KOSTAL Kontakt Systeme, with similar miniaturization and high-variant product strategies.
  • Continental AG: Major automotive Tier-1 with extensive electrification, power electronics, and mechatronic systems businesses. Direct competitor to KOSTAL in automotive electrical systems serving VW, GM, and European OEMs.
  • Yazaki Corporation: Privately-held Japanese Tier-1 specializing in automotive wiring harnesses, connectors, and instrumentation. Closely comparable to KOSTAL Kontakt Systeme in connector and contact system manufacturing for OEMs.

Emerging players

  • Webasto Group: German automotive supplier expanding into EV charging stations, thermal management, and battery systems. Comparable to KOSTAL's EV charging (Compleo) and Electro Mobility businesses, though smaller in power electronics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

KOSTAL Group social profiles

Digital presence

KOSTAL Group compliance and trust

Trust signal

Compliance15 records

KOSTAL Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

KOSTAL Group leadership team

Management profile

Number of profiles

Profiles3 records

KOSTAL Group subsidiaries and ownership

Company hierarchy

Subsidiaries8 records

KOSTAL Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

KOSTAL Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KOSTAL Group

What does KOSTAL Group do?

KOSTAL Group develops and manufactures technologically complex electronic and mechatronic products, primarily serving global automotive OEMs as a Tier-1 supplier. Core offerings include mechatronic modules (steering column modules, comfort and drive controls), on-board battery chargers, power converters, contact systems and plug connectors, driver assistance cameras, plus industrial electronics such as photovoltaic inverters, INVEOR drive controllers, and EV charging stations and management software.

Is KOSTAL Group a public or private company?

KOSTAL Group is a private company. It is classified as family owned and is currently operating.

When was KOSTAL Group founded?

KOSTAL Group was founded in 1912. It employs 5,001 to 10,000 people.

Where is KOSTAL Group based?

KOSTAL Group is headquartered in Lüdenscheid, Germany, in the Europe region.

How does KOSTAL Group make money?

Five revenue lines are on record. Automotive Electrical Systems are the primary driver. The others are electro Mobility, industrial Electronics, solar Electric and charging Infrastructure (Compleo & vaylens).

Who are KOSTAL Group's main competitors?

Direct peers on record are Valeo SA, Aptiv PLC, Robert Bosch GmbH, SMA Solar Technology AG, ZF Friedrichshafen AG, Hella (Forvia), TE Connectivity, Continental AG and Yazaki Corporation. Webasto Group is listed as an emerging player.

Does KOSTAL Group have an API?

No public API is recorded for KOSTAL Group.

What industry is KOSTAL Group in?

KOSTAL Group's product category is Automotive Electronics and Mechatronics. Its primary akta.pro industry code is IMACAJAE, Automotive Power Electronics & Inverters/Converters Manufacturing, with a secondary code of EUAMAHAJ, Renewable Monitoring, Controls & SCADA Hardware Manufacturing (Sensors, RTUs, Meters). Its NAICS code is 33632 and its SIC code is 3670.

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Live signals
InventureKostal Mobility to secure €50m from IFC to expand production in UkraineGerman automotive components manufacturer Kostal Mobility Holding SE has reached an agreement with the International Finance Corporation (IFC) for credit support totaling €150 million, with €50 million specifically allocated for production development in Ukraine, expected to be approved in January 2026. The first tranche of €100 million will support capital expenditures and working capital across Bulgaria, North Macedonia, Poland, and Ukraine, while the second tranche will target Ukrainian operations development. Kostal, present in Ukraine for nearly 20 years with two manufacturing plants, reported strong growth in its Ukrainian operations with 2024 net revenue rising 27.7% year-on-year to UAH 2.4 billion and net profit up 49% to UAH 103.3 million.AM-onlineDealer EV charging infrastructure supplier exits UK marketGermany-based Kostal has confirmed the immediate closure of its UK subsidiary Compleo Charging Solutions, which had provided electric vehicle charging infrastructure to major dealer groups including Arnold Clark, Lookers, Vertu Motors, and Audi UK. Customers will receive short-term support from the UK team before transitioning to Germany-based support, though all warranty and service matters will be handled directly by the German team. The software operations run by fellow Kostal division Vaylens will continue unaffected, as Kostal separates its hardware and software businesses across European markets.Semiconductor Today magazineNexperia and KOSTAL partner on automotive-grade wide-bandgap devicesNexperia and KOSTAL have entered a strategic partnership to develop and manufacture automotive-grade wide-bandgap power electronics, specifically silicon carbide MOSFETs for electric vehicle onboard chargers. Under this agreement, Nexperia will supply and develop the devices while KOSTAL handles design-in and validation using its real-world charging application data. This collaboration expands their existing relationship, which previously covered silicon components, to support KOSTAL's growth in e-mobility applications through 2030.ConnectingregionKostal Invests €50 Million in North Macedonia to Drive EV InnovationGerman engineering company Kostal announced the third phase of its expansion in North Macedonia, investing an additional €45–50 million into its operations. The investment will create at least 250 new jobs by 2028, raising the company's workforce to 1,300 and bringing total investment beyond €150 million. The expansion will focus on advanced energy electronics for electric and plug-in hybrid vehicles for Volkswagen Group, alongside mechatronic systems for Mercedes-Benz.Semiconductor for YouNexperia and KOSTAL form a strategic partnership based on advancing automotive-grade wide bandgap devicesNexperia and KOSTAL announced a strategic partnership to develop and validate wide bandgap devices, specifically silicon carbide MOSFETs for electric vehicle onboard chargers. The collaboration leverages Nexperia's manufacturing capabilities and KOSTAL's real-world application data to enhance device performance for automotive-grade requirements. This agreement expands their existing relationship beyond silicon components into advanced power electronics.PR NewswireKOSTAL anuncia la construcción de la cuarta planta en MéxicoKOSTAL held a groundbreaking ceremony in Querétaro, Mexico on December 5, 2022, to begin construction of a 41,000 square meter plant that will manufacture integrated chargers and power electronics components for electric vehicles. The facility, representing a multimillion-dollar investment, will be KOSTAL's fourth plant in Mexico and its first power electronics plant in North America, creating 750 jobs in its first phase. The announcement also marks KOSTAL's 50th anniversary of operations in Mexico, with the company positioning itself to serve the growing electric vehicle market in North America.PR NewswireKOSTAL EXPANDS POWER ELECTRONICS BUSINESS TO SUPPLY GROWING NORTH AMERICAN EV MARKETKOSTAL announced the expansion of its power electronics production into North America with the construction of a new 262,000 square foot plant in Querétaro, Mexico, representing its first power electronics facility in the region. Production is scheduled to begin in late 2023, creating 750 jobs in Mexico and numerous jobs in the United States to support research, engineering, and production of on-board chargers for electric vehicles. The multi-million dollar investment will be executed in two phases, with a second phase adding 215,000 square feet of additional manufacturing space.PR NewswireGlobal Automotive Paddle Shifter System Market 2018-2022: Market to Register a CAGR of 6.62% - Key Vendors are GSK InTek, Joyson, Kostal Automotive Electrical Systems, Powertrain Control Solutions & TResearchAndMarkets has published a report stating that the global automotive paddle shifter system market is expected to register a compound annual growth rate (CAGR) of 6.62% during the period 2018-2022. The report identifies high demand for automatic transmission systems, driven by their ease of use in stop-and-go traffic conditions, as a key market driver. One emerging trend highlighted is the development of shift-by-wire gear shift systems for hybrid electric vehicles, as automakers invest in advanced technologies for electric vehicle applications.PR NewswireYanfeng Automotive Interiors y KOSTAL presentan sus superficies inteligentes en vidrio 3DYanfeng Automotive Interiors (YFAI) and KOSTAL jointly premiered the Yanfeng-KOSTAL-Module (YaKoMo), a smart surface in 3D curved glass, at the IAA 2017 International Motor Show in Frankfurt, Germany. The module combines YFAI's premium 3D glass design with KOSTAL's mecatronic HMI technology to transform vehicle interior surfaces such as door panels, floor consoles, and instrument panels into interactive interfaces. The near-production-ready development is targeted for integration in the next generation of vehicles from model year 2021 onward.PR NewswireYanfeng Automotive Interiors and KOSTAL cooperate on innovative smart interior surfacesYanfeng Automotive Interiors (YFAI) and KOSTAL announced a strategic partnership by signing a memorandum of understanding to cooperate in smart interior surfaces for vehicle interiors. The CEOs of both companies, Johannes Roters and Andreas Kostal, signed the agreement in Germany, combining YFAI's interior systems expertise with KOSTAL's mechatronic HMI-component capabilities. Both companies expect high potential for developing innovative solutions and achieving synergies across the entire automotive value chain.