Aptiv is a global automotive technology supplier that makes the sensors, software, electrical components, and wiring systems that enable vehicles to sense, compute, connect, and distribute power. Aptiv sells almost exclusively to major automotive OEMs — its top 10 customers account for roughly 56% of revenue — winning business through competitive bidding and then supplying components over the life of a vehicle program. Aptiv operates across three segments: Intelligent Systems, Engineered Components (ECG), and Electrical Distribution Systems (EDS). Intelligent Systems supplies ADAS hardware and software, including radar and vision sensors, high-performance compute platforms, and in-cabin sensing, as well as real-time operating systems and embedded software through its Wind River subsidiary. ECG makes connectors, cable assemblies, and terminals for automotive OEMs, and is expanding into aerospace, defense, data centers, and industrial automation — running EBITDA margins around 22%. EDS manufactures wire harnesses and power distribution systems, a labor-intensive, commoditized business tied closely to vehicle production volumes and copper prices. Aptiv is spinning off EDS as an independent company called Versigent, leaving the remaining "NuAptiv" focused on higher-margin Intelligent Systems and ECG businesses. Revenue grows above vehicle production rates as Aptiv wins incremental content per vehicle, though OEMs require annual cost-down contributions of roughly 1.5–2% that Aptiv must offset through productivity improvements. Aptiv manufactures regionally — primarily Mexico for North America, Eastern Europe and North Africa for Europe, and China for Asia Pacific.
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