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Nabtesco surges on report of mass production of electric power steering for EV buses
Shares of Nabtesco Corporation <6268> surged significantly following a report in the Nikkei morning edition that the company will mass-produce fully electric power steering systems for large commercial vehicles in 2027. The development has driven strong buying interest as investors view the move as a major positive catalyst.
The product will mark the world's first mass production of its kind for large buses and trucks, aimed at capturing electric vehicle (EV) demand in China. Nabtesco is drawing buy orders on expectations that widespread adoption in China, the world's largest commercial EV market, could significantly boost its earnings.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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