Joyson Electronics’ robotics business ramps up, while automotive cost pressure prompts Citi to lower earnings forecasts
The company expects its North American robotics customer’s weekly production rate to rise to 2500–3000 units by December, but weak automotive demand and rising raw material prices are squeezing gross margins. Citi has lowered its 2026–2028 earnings forecasts and maintained its Buy rating.
Citi ·