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.

Länk till analysen i sin helhet: https://www.redeye.se/research/1062166/gapwaves-bosch-slams-the-brakes?utm_source=finwire&utm_medium=RSS