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Auto supplier OPmobility aims to double US sales by 2028
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Auto supplier OPmobility aims to double US sales by 2028
Nov 12, 2024 2:55 AM

PARIS, Nov 12 (Reuters) - French automotive supplier

OPmobility is aiming to double its sales in the U.S. by

2028, a company presentation showed on Tuesday, as it benefits

from consolidation in the auto sector and strong support for

local production.

The company is the world's leading producer of fuel tanks

for both combustion engine and hybrid cars, and supplies the

three leading U.S. automakers General Motors, Stellantis,

formerly Fiat Chrysler, and Ford Motor Company.

It also supplies Tesla with parts, and a factory that it

opened in Austin, Texas, this year will become its single

biggest contributor to turnover by 2025, Chief Executive Laurent

Favre told a press briefing.

It could open another two to three factories in the U.S. in

the next five years, Favre added.

Demand for tanks globally is declining due to the shift to

electric vehicles spurring consolidation in the industry.

But President-elect Donald Trump is expected to support

local production of cars in the U.S., imposing new tariffs on

vehicles from Mexico and potentially from other countries and to

reverse many existing pro-electric vehicle policies, industry

associations and executives said last week.

OPmobility has 26 factories in North America, and more than

twice as many in Europe. It has recently said it will close two

fuel tank factories in Germany and France.

The U.S. market will account for 50% of OPmobility's tank

turnover by 2030, up from 40% currently, added Favre.

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