Europe’s Automotive Industry Is Losing Market Share Amid Electrification Shift — Tommy Ver Elst

Conference news, Industry News

Europe’s automotive industry is losing market share, while electrification is reshaping supply chains and manufacturing, said Tommy Ver Elst during the international conference Automotive Forum Bulgaria 2026. The forum is organized by Automotive Cluster Bulgaria and takes place at John Atanasoff Innovation Forum in Sofia Tech Park. According to Ver Elst, the automotive sector continues to play a key role in the European economy, accounting for around 7 percent of Europe’s GDP and providing employment to approximately 13 million people directly and indirectly across the European Union. He noted that electrification represents a major transformation for the industry, but the momentum behind it is coming mainly from China rather than Europe. According to him, most electric vehicle batteries are produced in China, placing European manufacturers in a more challenging position. Ver Elst pointed out that 2025 marks a turning point for the sector, as for the first time more cars produced in China are being imported into Europe than European-made cars exported to China. In his view, this is leading to declining production volumes and a shrinking global market share for Europe’s automotive industry. According to him, around 80 percent of the components in internal combustion engine vehicles are still produced in Europe, while in electric vehicles the share of European-made content falls below 50 percent and, according to recent analyses, reaches approximately 45 percent. Ver Elst also noted that Europe remains the only major market that has not yet recovered car sales to pre-COVID-19 levels. He stressed that the industry must remain pragmatic and realistic about the challenges in order to turn them into opportunities. According to him, one of the main objectives of Automotive Cluster Bulgaria is to support the country’s automotive ecosystem and work toward attracting new investments. Among the sector’s main priorities, Ver Elst highlighted the need for a stable and predictable tax system. He stated that, in the industry’s view, the government should focus on improving tax collection and reducing the shadow economy rather than increasing taxes. He also commented on the proposed incentives for research and development, describing them as a step in the right direction, but still insufficient compared to levels in other European countries. Ver Elst drew attention to the increase in wages in Bulgaria in recent years. According to him, continued double-digit wage inflation is limiting the industry’s ability to raise productivity quickly enough to offset rising costs. He emphasized the need for more effective use of state aid for businesses, noting that Bulgaria remains among the countries with the lowest levels of state support in the European Union. Among the main challenges for investors, Ver Elst pointed to administrative procedures and the lack of sufficient digitalization. According to him, Bulgaria can no longer rely solely on low labor costs to attract investment, but must instead offer faster and more coordinated administrative services. He added that a more centralized approach between different state institutions is needed when supporting new investments and business projects. Ver Elst also stated that Automotive Cluster Bulgaria will continue working on the exchange of best practices among companies, the development of sector partnerships, and support for the European “Industrial Acceleration Act,” which, according to him, could create better conditions for the automotive industry in Europe. БТА

Innovation and Growth Through Transformation — Iliya Lingorski

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The potential energy of shocks should be transformed into a kinetic impulse for innovation, higher productivity, and growth, recommended Iliya Lingorski, Member of the Governing Council of the Bulgarian National Bank (BNB), during the forum “Automotive Forum Bulgaria 2026: The Future of Industry, Technology and Mobility.” The Bulgarian News Agency (BTA) is a media partner of the event. Lingorski recalled that six or seven years ago, when he moderated an EU forum, there were no indications that the EU industry, as well as both the national and European economies, would go through a series of historically significant disruptions. “And yet, here we are today, surprisingly in much better shape than my fellow economists had predicted,” he commented. According to Lingorski, the last five years have been highly instructive. Following COVID-19, the global economy was hit by a succession of shocks, each large enough to trigger a severe recession — a global pandemic causing catastrophic supply chain disruptions, the bloodiest land war on the European continent since World War II, which ended the era of cheap and stable energy in Europe, the most severe inflation shock in 15 years, tariff increases unseen since the 1930s, and now a military conflict that has disrupted the world’s main oil chokepoint. “Together, these shocks have been relentless,” the financier noted. Lingorski stated that policymakers responded decisively with fiscal and monetary measures of unprecedented scale, while the private sector adapted in ways that microeconomists had not anticipated. Supply chains were reconfigured, companies diversified resources, and the digitalization of trade made a quantum leap, particularly in the year following COVID, he pointed out. At the same time, household balance sheets remained stable, supporting consumption and confidence. Lingorski emphasized that the financial sector, having recently gone through a global financial crisis, had been reformed, well-capitalized, and stable. “In fact, the banking system and capital markets became part of the solution rather than part of the problem with the potential to exponentially worsen it,” he said. He also acknowledged the role of “luck” — namely the decline in energy prices at a time when there were fears they would continue rising following Europe’s 2022–2023 energy crisis. “Counter-shocks arrived exactly when we needed them,” Lingorski commented. According to him, without Germany’s fiscal expansion and the pre-positioning of experts before the announcement of the new U.S. tariffs, Europe would most likely already be in recession. Lingorski noted that the eurozone economy had been growing steadily until the latest oil supply disruption and energy price shock. At the beginning of the year, the outlook was moderately positive, interest rates were close to neutral levels, and inflation was near target, he said. More recently, however, growth forecasts were revised downward to a modest 0.9 percent for the current year, while inflation remains above target. “This is a particularly difficult combination, especially for central banks and policymakers,” Lingorski stated. According to him, if energy supply disruptions continue long enough, the adjustment will shift from prices to rationing. Regarding inflation in Bulgaria, Lingorski recalled that it stood at 6.8 percent in April, noting that while the external shock is the same, “the internal amplifiers are our own.” According to him, three structural factors are driving prices upward. First, the structure of the economy — Bulgaria’s higher energy intensity and greater dependence on imports lead to a faster and stronger transmission of external price shocks. Second, the business environment and institutional framework — when competition is limited, prices rise faster and normalize more slowly, making inflationary processes more persistent. Third, fiscal policy has amplified rather than softened the economic cycle, Lingorski said. Wage growth in the public sector has outpaced productivity, while automatic indexation mechanisms have further intensified the effect. Under conditions of constrained supply, this translates directly into secondary inflationary pressure. Lingorski pointed out that Bulgaria simultaneously has a well-capitalized, liquid, and profitable banking system above EU average levels, alongside a persistent fiscal deficit and accelerating public debt growth. “The direction and pace of debt dynamics are just as important as the current level,” he explained. This directly affects the automotive sector as well, making the planning horizon more uncertain and investment decisions more expensive. According to Lingorski, the automotive sector has a major role to play in electric mobility, as it is no longer merely part of Europe’s environmental agenda, but is becoming a key pillar of the continent’s future energy security. He added that Europe’s structural gap must also be closed — the single market still needs to be completed, as significant barriers remain. Lingorski also noted that European capital markets remain too shallow. Europe saves more than any other region, but these savings do not efficiently reach the productive investments the economy needs. Fiscal space has narrowed, and almost every policy response over the past four years — including stimulus measures, subsidies, industrial policy, and defense spending — has carried inflationary consequences. This, he argued, means tighter control over current spending, limiting non-targeted expenditure increases, rebuilding fiscal buffers, and ending automatic indexation mechanisms. “The lesson from the global financial crisis is that austerity measures are not the way forward. The path ahead is accelerating growth driven by productivity, and productivity is driven by innovation,” he commented. According to Lingorski, the last five years have taught valuable lessons about energy dependence, the limits of fiscal space, and the fragility of supply chains, but also about the resilience of the private sector when supported by the right macroeconomic policies.

European Automotive Industry Needs More Competitive Conditions and Regulatory Changes, Says CLEPA Secretary General Benjamin Krieger

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The European automotive industry is facing serious challenges due to the slow transition to electric vehicles, high energy costs, and increasing competition from China, said Benjamin Krieger, Secretary General of CLEPA, during the international conference Automotive Forum Bulgaria 2026 held at the John Atanasoff Innovation Forum in Sofia. The forum, organized by Automotive Cluster Bulgaria, brought together representatives of the automotive industry, the technology sector, and public institutions. Krieger pointed out that the transformation of automotive powertrains has already begun and that by 2030 the market will simultaneously include internal combustion engine vehicles, hybrids, and fully electric vehicles. However, according to him, the process is not advancing fast enough to ensure a return on investments in electrification. He warned that there is a risk newly built electric vehicle factories could remain underutilized due to insufficient market demand. According to Krieger, electrification is necessary, but its success will require changes in the regulatory environment and stronger support for the industry’s competitiveness. He also stated that the European Union’s 2035 targets cannot be achieved in their current form, as the electric vehicle market is still being driven primarily by regulations rather than real consumer demand. Krieger highlighted the growing pressure from Chinese manufacturers, which continue to increase their global market share. According to him, China currently has advantages both in electrification and in terms of energy costs and speed of product development. “European companies are competitive in China when the conditions are equal — with the same electricity prices, labor costs, and regulations,” Krieger said. In his words, Europe must ensure “a level playing field” for competition with Chinese manufacturers. As a positive development, Krieger pointed to the European Commission’s planned “Industrial Acceleration Act,” which for the first time proposes definitions for a “European automotive component” and a “Made in Europe vehicle,” as well as incentives for manufacturing within the EU. According to him, Europe’s automotive industry is suffering from high energy prices and excessive regulation, making it difficult to compete with the United States and Asia. He noted that, according to CLEPA analyses, the sector’s business environment has remained in crisis since 2018. Krieger also stated that around 100,000 jobs in the EU automotive sector have either already been cut or are expected to be cut over the past two years, despite earlier expectations of employment growth. Despite these difficulties, Europe continues to maintain strengths in innovation, engineering expertise, and the development of new technologies, he emphasized. According to Krieger, software and digitalization will be among the key drivers of growth in the sector. He called on the European Union to increase funding for industrial innovation and joint development projects through Horizon Europe and initiatives for connected and autonomous vehicles. Krieger also stressed the importance of cooperation between businesses, industry clusters, and European institutions in shaping the future policies of the automotive sector. БТА

Bulgaria Strengthens Its Position as a Strategic Hub in the Global Transformation of Melexis

Conference news, Industry News

On the company’s strategy, the role of Bulgaria, and the future of the automotive industry – an interview with Marc Biron, CEO of Melexis, for Economy.bg Belgian semiconductor company Melexis is accelerating its transformation toward new industries such as robotics and digital healthcare, while maintaining its strong automotive focus. The company’s Bulgarian center in Sofia continues to play a key role in development and testing, with plans for expanded capacity and larger teams. We spoke with Marc Biron about the future development of Melexis in Bulgaria as a key R&D and testing hub, including new investments, team and capacity expansion, diversification into new industries, global automotive trends, and the future of automotive technologies. The interview took place during one of the most significant events for Bulgaria’s automotive sector – Automotive Forum Bulgaria 2026, organized by Automotive Cluster Bulgaria. Mr. Biron, you recently announced a move toward new industries such as robotics and digital healthcare. How will this affect your strategy for Melexis Bulgaria? The Bulgarian office is Melexis’ largest location. We employ 800 people in Sofia, while globally we have around 2,000 employees. The Sofia center is extremely important. Here we develop, manufacture, and test products, and this will continue. The business is moving toward electrification. We will continue developing products that support vehicle electrification, and we will also continue testing these products. We are planning to expand our testing facilities in Bulgaria as well. We already have a new building that was constructed four to five years ago, and by the end of this year we will renovate the old building, which we call the “Red Building,” increasing our testing capacity by around 20–25%. We are preparing for business growth, as the industry is increasingly shifting toward China, while at the same time continuing to expand globally. We need to prepare our Bulgarian center to absorb this growth with approximately 20–25% more capacity. Are you planning to increase investments and expand your team in Bulgaria? Yes. The first investment is the renovation of the building itself. After that, we will need to hire more people to operate the testing facilities. Will your focus in Bulgaria remain mainly on development and testing, or are you planning to expand into other areas as well? At the moment, our operations in Bulgaria are mainly focused on development. We are working on new products, so we plan to expand our R&D team. In addition, we also have testing operations. We will hire people for the testing facilities as well, meaning we will continue developing both areas — development and testing. How do you assess the challenges and opportunities in Bulgaria’s automotive industry? We are a global company with customers all over the world — in Europe, China, Japan, India, and the United States. Currently, around 90% of our revenue comes from the automotive industry, while 10% comes from outside the sector. Our strategy is to diversify both our customer and product base. Innovation is key because we want to expand into robotics, digital healthcare, and alternative mobility solutions such as electric bicycles, electric motorcycles, and drones. We also want to move into technologies that help reduce CO2 emissions, including solar panels and heat pumps. At the same time, we will remain strong in the automotive sector — this is our core business and we will continue to develop it through innovation. Alongside this, we want to grow in the new markets I mentioned. Read the full interview here.

Automotive Forum Bulgaria 2026 – The Future of Industry, Technology, and Mobility

Conference news, Industry News

Bulgaria is entering a new stage in the development of its automotive industry and high technologies, said Lyubomir Stanislavov, Executive Director of Automotive Cluster Bulgaria, during Automotive Forum Bulgaria 2026. The international conference, organized by Automotive Cluster Bulgaria, once again brought together representatives of the automotive industry, technology sector, institutions, and international business for a strategic dialogue on the future of the sector amid global challenges. According to Stanislavov, Bulgaria is at the beginning of a new period both for the industry and the economy as a whole, with expectations that new international suppliers will choose the country for the construction of manufacturing facilities, BTA reported as a media partner of the event. Stanislavov noted that Bulgaria is preparing for its first gigafactory for lithium-ion, electric, and solar batteries, while the country is also expected to announce its first major data center project in the coming months. According to him, this is the result of years of efforts to develop the industry to a European level. He emphasized that the forum aims not only to showcase the sector’s prospects but also to highlight the key challenges facing the industry. During the conference, Deputy Minister of Economy, Investments and Industry Krasimir Yakimov stated that Bulgaria now has the potential to move from being a manufacturer of automotive components to producing fully assembled vehicles under the label “Made in Bulgaria.” “This is not a political slogan. This is an economic reality,” Yakimov stressed. He pointed out that the country has qualified engineers and specialists, research and development centers, a strategic location, and access to European markets, Economy.bg reported as a media partner of the event. According to the deputy minister, Bulgaria’s automotive industry currently includes more than 380 national and international companies and 38 research and development centers. More than 80,000 people are employed in the sector, which accounts for around 11% of the country’s gross domestic product and generates annual turnover exceeding €10 billion. Yakimov added that the next step in the sector’s development is attracting strategic investments through faster administrative procedures, modern infrastructure, developed industrial zones, and support for high-tech manufacturing. In his words, Bulgaria has the potential to establish itself as an industrial leader in the Balkans and a regional hub for electric mobility and innovation. As part of the forum, Yakimov also met with Benjamin Krieger, Secretary General of CLEPA. The two discussed opportunities for new investments and Bulgaria’s positioning as a competitive destination for automotive industry projects.

Sucessfully Completed Training on Cybersecurity in Digital Manufacturing

EDIH-NWACB, Industry News

On March 25, 2026, at Sofia Tech Park, the training “Cybersecurity in Digital Manufacturing” was successfully delivered by Automotive & Mobility EDIH Bulgaria. The event brought together professionals from various industries, all focused on improving the security of modern digital production environments. 🔐 During the training, participants explored key cyber threats in industrial environments, their business impact, and practical approaches to risk mitigation. A strong focus was placed on real-world security measures and NIS2 Directive compliance. 💡 Through practical examples and discussions, participants learned how to:✔ identify and assess cybersecurity risks✔ evaluate business impact✔ apply effective protection measures✔ plan incident response strategies✔ align with European regulatory requirements The training was led by Kliment Yanev and Alexander Garkov from Novatel Ltd., an experienced experts in network and information security with internationally recognized certifications. The format combined presentations, discussions, and real-life case studies, creating an engaging and highly practical learning experience. The training was completed with strong interest and active participation, providing valuable and applicable knowledge for improving cybersecurity practices across organizations. 👉 Discover more upcoming trainings and register here: Register here

Training: Claude AI in Management: Based on AI Fluency: Framework & Foundations (Anthropic)

EDIH-NWACB, Industry News

Registration link: Claude AI в мениджмънта: Базиран на AI Fluency: Framework & Foundations (Anthropic) : Automotive & Mobility EDIH Bulgaria *The training is free fllowing de minimis procedure. You can find more about it in the following link: Безплатни обучения за дигитализация и иновации: Какво е de minimis? – Automotive Cluster Bulgaria On April 23–24, 2026, a two-day training program titled “Claude AI in Management: Based on AI Fluency: Framework & Foundations (Anthropic)” will take place at Sofia Tech Park (Incubator Building), delivered in an on-site format. Why attend? This training is designed to introduce managers to the world of generative AI and its practical application in management. As AI becomes an essential business tool, understanding how to effectively integrate it into decision-making and daily operations is key. Focus Application of Claude AI in management practice, development of AI fluency, and effective use of the 4D framework (Delegation, Description, Discernment, Diligence). Key Topics The program covers the fundamentals of generative AI, the role of Claude AI as a management tool, and how to apply structured approaches to working with AI. Participants will learn how to delegate tasks to AI, create precise prompts, evaluate outputs, and manage workflows using Claude Projects, while ensuring ethical and compliant use. What you will learn? After completing the training, participants will be able to effectively use Claude AI in management scenarios, apply the 4D framework in daily work, delegate and evaluate AI-generated outputs, create structured prompts, and integrate AI into their workflows through practical use cases. Who should attend? Middle and senior management. The training is suitable for professionals looking to integrate AI into strategic and operational decision-making. Trainer: Eng. Vladi Velikov — an expert with over 20 years of practical experience in process optimization, Lean methodologies, and information security, with a strong focus on improving operational efficiency and implementing modern technologies in business. He has worked on real-world projects with companies such as Siemens, Festo, WITTE Automotive, Melexis, ING, Husqvarna, and Econt, among others. Training Format On-site training · Practical exercises · Workshops · Real management scenarios Additional Information Duration: 2 days (8 training hours per day) Participants are required to bring their own laptops. The training is free of charge upon completion of state aid (de minimis) documentation.

Training: From Idea to Model: Modern 3D CAD Design and First Steps in CAM

EDIH-NWACB, Industry News

Registration link: Увод в проектирането със съвременни 3D CAD системи. Въведение в CAM. : Automotive & Mobility EDIH Bulgaria *The training is free fllowing de minimis procedure. You can find more about it in the following link: Безплатни обучения за дигитализация и иновации: Какво е de minimis? – Automotive Cluster Bulgaria On April 21–24, 2026, a four-day training program titled “From Idea to Model: Modern 3D CAD Design and First Steps in CAM” will take place in Plovdiv (University Campus, Tech Park, 12 Mendeleev Blvd.), delivered in an on-site format. Why attend? This training is designed to introduce participants to the world of modern 3D design and provide a solid foundation for working with CAD systems. As digital engineering becomes essential across industries, gaining practical CAD/CAM skills is key to effective product development. Focus Introduction to 3D CAD design, development of engineering thinking, and understanding the integration between CAD and CAM systems in modern industrial environments. Key Topics The program covers the role of the design engineer in today’s industry, the fundamentals of CAD and PLM systems, and the importance of 3D modeling in product development. Participants will learn how to create parts, assemblies, and technical documentation, as well as understand the interaction between CAD and CAM. What you will learn? After completing the training, participants will be able to create 2D sketches and 3D models, design real industrial components, work with assemblies, produce technical drawings, and understand the basics of CAM and CNC programming. Who should attend? Engineers with no prior experience in CAD. The training is suitable for beginners looking to build foundational skills in engineering design. Trainer: Georgi Georgiev Komitov — Chief Assistant at the Agricultural University of Plovdiv, with over 20 years of experience in mechanical engineering and technological design. He teaches CAD/CAM systems and leads courses in 3D modeling, assemblies, and technical documentation, combining academic expertise with real industrial experience. Training Format On-site training · Practical exercises · Real-world examples · Mini final project Additional Information Duration: 4 days (8 training hours per day) The training is free of charge upon completion of state aid (de minimis) documentation.

Operations as a Competitive Advantage in the Intelligent Vehicle Era

Industry News

 By Joao Paulo Ribeiro, Senior Vice President, Operations, Supply Chain, Purchasing and Quality, Visteon For most of automotive history, operations was a discipline of control. You designed a system, locked the specification, built it to tolerance, and shipped it. Success meant conformance — did the part meet spec, did the line hit rate, did the vehicle pass validation? The feedback loop was slow, but it didn’t need to be fast. The product was essentially fixed at launch. That model is breaking down. The AI-defined vehicle is not a static system. They are dynamic platforms where performance emerges from continuous interaction between software, electronics, and physical components. A sensor’s behavior changes with temperature, vibration, and age. A camera’s output quality depends on lens clarity, mounting precision, and the algorithms interpreting its data. The system learns, adapts, and—critically—reveals its true character only after it leaves the factory. This changes what good execution means. It’s no longer enough to build something right once. You have to know how it behaves over time, across conditions, in the hands of real users. And you have to know it early enough to act. The Foundation Hasn’t Changed. The Expectations Have. None of this implies that traditional manufacturing discipline has become less important. Control, repeatability, and quality remain non-negotiable. But those disciplines were built for a world where the product was the endpoint. Now, the product is the beginning of a longer conversation — between design intent, manufacturing reality, and field performance. The question is: how quickly can you close that loop? In a vertically integrated system, that loop can be very short. When you control hardware design, component sourcing, board-level integration, software development, and final assembly, you don’t just build faster, you learn faster. A thermal issue flagged in testing can be traced to a specific batch of components, a mounting decision, or a firmware parameter. The insight doesn’t get lost in contractual handoffs or fragmented data systems. It moves upstream immediately, while it still matters. That speed of learning is what separates execution from ambition. AI as Operational Intelligence, Not Automation There is a tendency to treat AI in manufacturing as a matter of automation — replacing human judgment with models, optimizing throughput, reducing cost. That misses the more important shift. AI matters in hardware operations because it makes operational data usable in real time. It reveals patterns that would otherwise take weeks to surface. It contextualizes variation that would otherwise be dismissed as noise. It enables intervention when it is most effective — before a trend becomes a failure mode, before a design assumption proves wrong in the field. Our goal is never to replace discipline with algorithms. It’s to extend the reach of experienced judgment — making it possible to act on insight that was always there, but previously invisible or too slow to matter. An AI mindset in operations means asking: what can we know earlier? What patterns should we be watching for? How do we turn this signal into action before it becomes a problem? The answer is rarely a single model. It’s a system of awareness—across design validation, supplier quality, line performance, and field data—that treats learning as a continuous function, not a post-mortem exercise. Integration is What Makes Insight Actionable You can have all the data in the world. You can have sophisticated models, real-time dashboards, and predictive alerts. But if your hardware comes from one supplier, your software from another, your assembly from a third party, and your field data sits in a separate system managed by your customer — insight doesn’t move fast enough to change outcomes. Vertical integration is what makes operational intelligence actionable. It creates coherent feedback loops. It aligns incentives. It allows you to intervene at the right layer, whether that’s a design choice, a process parameter, a supplier specification, or a software update. This is not an argument for doing everything in-house. It’s an argument for owning the critical path — the parts of the system where learning speed determines execution quality. Trust is Built in How You Run, Not What You Promise Customers pay attention to capability, not aspiration. They notice when a company scales production smoothly. When issues are detected early and resolved systematically. When new platforms launch without the chaos that usually accompanies complexity. They may not see the systems that enable that—the data infrastructure, the cross-functional reviews, the design-for-manufacturing methods, the supplier partnerships, the quiet investment in process intelligence. But they see the outcome: consistent performance, predictable execution, and products that work as intended, in the field, over time. That is what operational intelligence builds at Visteon. Not efficiency for its own sake. But trust—the kind that comes from doing hard things well, repeatedly, without drama. This content has been automatically generated from the original source. Please note that the original source may have been modified since the content was generated.

Hanon Systems Celebrates 40th Anniversary

Industry News

Hanon Systems Celebrates 40th Anniversary – With a strong foundation built over four decades, the company is focused on long-term growth – The company will allocate strategic resources to next-generation technologies Seoul, South Korea, March 10, 2026 – Hanon Systems, a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group proudly celebrates its 40th anniversary, marking four decades to engineering excellence, continued technological innovation, and trusted partnership across the global automotive industry. As part of the celebration, the company introduced its anniversary logo “40 Years Forward.” The logo reflects the company’s commitment to building on its 40-year legacy while accelerating its transformation in the rapidly evolving thermal energy management industry, signaling pride in past achievements and a strong focus on the future. As part of its long-term strategy, Hanon Systems plans to gradually expand its business scope. Leveraging its proven expertise in automotive thermal management, the company aims to apply its high-efficiency thermal solutions to other sectors, including data center cooling and other key infrastructure industries. In addition, the company also intends to strengthen its position in the global aftermarket. “The dedication of our employees, and their continued focus on quality and innovation have been the foundation of Hanon Systems’ growth over the past four decades,” said Soo-Il Lee, President and CEO of Hanon Systems. “Our 40th anniversary is not only a celebration of our history, but a commitment to disciplined execution, financial stability, and sustainable long-term growth.” Looking forward, Hanon Systems will continue to enhance its operational efficiency and allocate strategic resources toward next-generation technologies. The company aims to evolve further as a specialized, cross-industry thermal management solutions provider. To celebrate this milestone, the company will honor employees across its global locations in appreciation of their decades of dedication and commitment. This content has been automatically generated from the original source. Please note that the original source may have been modified since the content was generated.