“E-cars spur turnover”
Automotive supplier SHW is confident it will soon boost its revenues by providing parts for vehicles with alternative engines - despite losing a major order worth 100 million euros by US e-car manufacturer Tesla, Frankfurter Allgemeine Zeitung reports. CEO Frank Boshoff said that while currently about 75 percent of SHW’s revenues were made with supplying parts for cars with combustion engines, he expected the share of hybrid and electric engines in the company’s turnover to increase significantly from 2018 on, the newspaper writes. Orders by manufacturers in China and the US were expected to help spur this transition, Boshoff added.
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