Feintool International Holding AG ( (CH:FTON) ) has issued an announcement.
Feintool has secured a significant order in China for e-motor cores, valued at CHF 30 million, to be used in commercial vehicles by a leading Chinese car manufacturer. This order highlights Feintool’s strong positioning in the growing Chinese e-mobility market, particularly in the commercial vehicle sector, which is transitioning from fossil fuels to renewable energy. The company’s expertise in electrical sheet stamping and competitive pricing were key factors in winning the order, with production set to begin in the second half of 2025 at their Taicang technology hub. This development aligns with Feintool’s strategic expansion in China and underscores its long-term technological and strategic strength in the global automotive market.
More about Feintool International Holding AG
Feintool is an international leader in electrical sheet stamping, fine blanking, and forming, providing high-quality precision parts primarily for the automotive, industrial applications, and energy sectors. Founded in 1959 and headquartered in Switzerland, the company operates 18 production sites across Europe, the USA, China, Japan, and India, employing around 3,100 people. Feintool is publicly traded and majority-owned by the Artemis Group.
YTD Price Performance: -11.53%
Technical Sentiment Signal: Buy
Current Market Cap: $194.1M
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