Recent developments in the electric vehicle (EV) sector highlight onsemi's advancements in semiconductor solutions crucial for automotive applications. The company's latest quarterly results reveal significant growth in their AI data center business and notable progress in 900V EV architectures, enhancing vehicle performance with extended range and rapid charging. Collaborations with automotive giants like Geely and NIO further exhibit evolving partnerships that push the boundaries of EV technology. Additionally, onsemi's delivery of Ethernet solutions for next-generation software-defined vehicles echoes the trend toward advanced vehicular communication systems, promising more connected and efficient EVs.

• Geely Automobile Holdings (SEHK:175) last closed at HK$22.56 down 1.9%.
• NIO (NYSE:NIO) last closed at $5.90 down 2.8%.

In other trading, Schaeffler (XTRA:SHA0) was a notable mover up 7.6% and finishing the session at €8.48. This week, the company announced Q1 earnings with a decline in net income and sales compared to the previous year. At the same time, Aptiv (NYSE:APTV) trailed, down 7.9% to finish the session at $54.83, hovering around its 52-week low. This week, Aptiv announced strong financial results for Q1 2026, with significant improvements in sales and net income compared to the previous year.

Best EV Stocks

• Tesla (NasdaqGS:TSLA) ended the day at $389.37 down 0.8%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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