Gapwaves: Bosch hits the brakes - Redeye
Bildkälla: Stockfoto

Gapwaves: Bosch hits the brakes - Redeye

Redeye comments on Gapwaves' joint venture agreement with Bosch and revised its estimates and fair value range. A weak macro-outlook has made the timeline for highly automated driving systems more uncertain, culminating in the termination of the agreement. Redeye views the risk of a cascading effect as limited due to other tier-1s developing products for existing markets. Gapwaves sees growing interest among other tier-1s despite the macro-outlook and can slot these in on a condensed timeline, adding potential upside to Redeye’s mid-term estimates.

Redeye comments on Gapwaves' joint venture agreement with Bosch and revised its estimates and fair value range. A weak macro-outlook has made the timeline for highly automated driving systems more uncertain, culminating in the termination of the agreement. Redeye views the risk of a cascading effect as limited due to other tier-1s developing products for existing markets. Gapwaves sees growing interest among other tier-1s despite the macro-outlook and can slot these in on a condensed timeline, adding potential upside to Redeye’s mid-term estimates.
Börsvärldens nyhetsbrev
ANNONSER