0357 GMT - Johnson Electric is set to benefit from investments in EVs and humanoid robotics, says Deutsche Bank analyst Wei Huang. With its new EV charger solution, the motor maker is "well positioned to support the auto industry's electrification mega trend," Huang writes, forecasting stronger automotive product group revenue ahead. The company is also moving into robotics by supplying components and investing 150 million yuan in two JVs with Shanghai Mechanical & Electrical Industry to develop humanoid robotic joint modules. Deutsche Bank forecasts the global humanoid-robot market value to increase from $750 million in 2025 to $75 billion in 2035, offering ample growth potential. The bank maintains a buy rating on Johnson Electric and raises its target price to HK$50.00 from HK$23.50, with shares last at HK$42.96.(jason.chau@wsj.com)
(END) Dow Jones Newswires
September 21, 2025 23:57 ET (03:57 GMT)
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