Key insights
- Keysight (KEYS) partners with CATARC to establish an EV charging test lab in China. This collaboration focuses on developing and validating charging technologies and standards. While positive for Keysight, the direct impact on the broader US equity market is limited, but it signals continued growth in the EV sector.
SANTA ROSA, Calif. - Keysight Technologies Inc. (NYSE:KEYS) announced Tuesday the establishment of a Joint Innovation Laboratory for Charging Test Technology with China Automotive Technology and Research Center New Energy Vehicle Inspection Center. The $61 billion market cap company has seen its stock surge 139% over the past year, currently trading at $356.11.
The laboratory will focus on new energy vehicle testing, standards development, and charging technologies, according to a press release statement. The collaboration combines Keysight’s validation solutions with CATARC’s testing and certification capabilities.
The partnership will address charging compatibility, safety, and compliance issues across regional markets. The laboratory will support current and next-generation charging standards, including China’s National Standard 2024 and international combined charging system requirements.According to InvestingPro data, Keysight is trading near its 52-week high with an 89% gain over the past six months. The platform offers 15 additional ProTips for KEYS, providing deeper insights into the company’s financial health and market position.
CATARC NEV Inspection Center has adopted Keysight’s vehicle-to-charger conformance testing solutions to support certification across European, North American, and Chinese charging standards.
"Looking back on our collaboration, Keysight and CATARC New Energy have journeyed together, achieving fruitful results," said Fan Bin, Deputy Chief Engineer of CATARC New Energy Vehicle Inspection Center. "Moving forward, we sincerely hope that through the co-established joint laboratory, we will not only deepen our strategic cooperation but also pool the expertise of both companies to empower the Chinese automotive industry."
Thomas Goetzl, Vice President and General Manager of Automotive & Energy Solutions at Keysight Technologies, said the company aims to help shape the future of charging test technologies and industry standards worldwide through the collaboration with CATARC.
Keysight Technologies provides design, emulation, and test solutions for the communications, industrial automation, aerospace and defense, automotive, semiconductor, and electronics markets. The company generated $5.68 billion in revenue over the last twelve months with 13% growth, though InvestingPro analysis indicates the stock is currently overvalued based on its Fair Value assessment.
In other recent news, Goldman Sachs added Interactive Brokers Group and UnitedHealth Group to its U.S. Conviction List, while removing Keysight Technologies and Abbott Laboratories. This adjustment reflects Goldman Sachs’ favorable view of the newly added stocks for investment. Meanwhile, Keysight Technologies announced a new Amended and Restated Credit Agreement with Citibank, offering a $750 million unsecured revolving credit facility. This facility is set to expire on April 21, 2031, with options for extension and potential increases in commitments.
Additionally, Keysight Technologies launched Keysight Assembly, a virtual process simulation solution aimed at helping manufacturers identify assembly issues during development. The company also unveiled new automotive Ethernet testing solutions at the Automotive Ethernet Congress in Germany, designed to support validation for automakers and suppliers. In corporate governance developments, Keysight Technologies’ stockholders approved all proposals at the recent annual meeting, electing Satish C. Dhanasekaran, Richard P. Hamada, and Kevin Stephens to the board of directors for three-year terms. These updates reflect ongoing strategic and operational activities at Keysight Technologies.
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