Market ChallengesThe China opportunity, which accounts for about 30% of auto production, seems permanently impaired for APTV.
Market PerformanceAPTV shares have underperformed the broader markets since peaking in early 2022, down 62% versus up 27% for the S&P 500.
Supply Chain RisksTariffs on major clients VW and Stellantis pose significant supply chain risks for APTV, with revenue impact anticipated.