{"id":572484,"date":"2023-04-28T09:55:49","date_gmt":"2023-04-28T04:25:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=572484"},"modified":"2023-04-28T09:55:49","modified_gmt":"2023-04-28T04:25:49","slug":"mobileye-cuts-revenue-forecast-on-slow-china-ev-demand-shares-sink","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mobileye-cuts-revenue-forecast-on-slow-china-ev-demand-shares-sink\/","title":{"rendered":"Mobileye cuts revenue forecast on slow China EV demand, shares sink"},"content":{"rendered":"<p>Autonomous driving technology maker Mobileye Global Inc lowered its forecast for annual revenue on Thursday due to a slowdown in electric-vehicle demand in major auto market China, sending the company\u2019s shares down nearly 15% before the bell.<\/p>\n<p>China\u2019s decision last year to end a more than a decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world\u2019s largest market in a bid to arrest a demand slowdown.<\/p>\n<p>Mobileye, which counts auto parts suppliers Aptiv Plc and Magna International among its customers, said the downturn forced it to reduce the annual shipment forecast for its driver-assist system SuperVision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Autonomous driving technology maker Mobileye Global Inc lowered its forecast for annual revenue on Thursday due to a slowdown in electric-vehicle demand in major auto market China, sending the company\u2019s shares down nearly 15% before the bell. China\u2019s decision last year to end a more than a decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world\u2019s largest market in a bid to arrest a demand slowdown. Mobileye, which counts auto parts suppliers Aptiv Plc and Magna International among its customers, said the downturn forced it to reduce the annual shipment forecast for its driver-assist system [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-572484","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=572484"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572484\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=572484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=572484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=572484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}