Business ExpansionManagement noted ramping business with Yutong, the first time this bus OEM was announced as well as an award with a European auto OEM for an EV platform to ramp with annual volumes at ~50,000.
Labor And Production CapacityAdditional labor was approved by the French works councils to add a 2nd shift and the management team does not anticipate future delivery shortfalls.
Strategic AcquisitionsThe acquisition of Hitachi Chemical's SPD segment solidifies Gauzy as a potential one-stop shop for both PDLC and SPD solutions for automotive smart glass.