And again, it’s reflected in our bookings in 2022, our outlook in bookings for 2023 and our revenue growth relative to market. And I mentioned in my comments, the next-gen Gen 6 ADAS platform, which we’ll launch in 2025 will be available for SOPs in 2025. We’ve already had one customer award. It’s an open system. It provides — it’s modularized. It provides a lot of flexibility for ourselves, as well as for our OEM customers. And importantly, it’s very cost effective. So we believe we’re going to continue to see significant demand.
Adam Jonas: Thanks, Kevin. See you guys on Valentine’s Day. I’ll bring the chocolate.
Kevin Clark: We’ll see you.
Joe Massaro: See you.
Operator: We’ll hear next from John Murphy from Bank of America.
John Murphy: Good morning, guys. There’s been a lot of price action recently by some of your customers on EVs that are probably going to drive significantly higher volume relative to initial expectations. I’m just curious how you think about that and what kind of opportunity there might be here in 2023.
Kevin Clark: Well, listen, we’ve been talking about high-voltage electrification and what we’ve been doing from a portfolio standpoint, bookings continue to be strong, right? Obviously, we had another year of record bookings, and it wouldn’t surprise us if we had 2023 even stronger bookings from a high-voltage electrification standpoint. So, we’ll see, we’re optimistic. Having said that, as we’ve said in the past, we’re very, very focused on pursuing opportunities with those OEMs who have battery electric vehicle platforms that they’re taking globally, that we have a high confidence level that they’re going to meet their schedules and effectively generate significant revenues over a platform, which ends up a better financial proposition for ourselves and obviously, lower risk.
Joe Massaro: Yes. John, it’s Joe. I’ll just add. We’ve talked a lot about being north of a 30% growth rate in high voltage. 2023 is as well north of 30%, based on the customer schedules we’re seeing today and, obviously, got additional opportunities as we add in the Intercable portfolio. So continue to see a very strong schedules today to extent the price actions, sort of increase the mix or increase the take rates on that technology, I think, we’ll be very well positioned to take advantage of it.
John Murphy: Got you. Okay. I mean, if you look at stuff like the Model 3 and the Y, I mean, it’s kind of the here and now. I mean given the price cuts, I mean, those guys might be doing another 500,000 units relative to expectations. I mean are you thinking that’s possible, and that’s in your numbers at this point. And the action by the Chinese manufacturers well. I mean it’s a real heavy stuff here. I mean we’re not talking about like three to five years on backlogs. We’re talking about like hundreds of thousands, I mean, if not millions more EVs this year than expected?
Kevin Clark: Yes. I think as you heard me say and Joe say in the past, our forecast is based on customer schedules. So to the extent those schedules go up, we’ll benefit from a revenue standpoint, but when we pursue business, when we put initial capacity into the ground, obviously, there’s some flexibility, it’s based on what we see from a customer standpoint, customer schedule standpoint. And again, so if we see a big uptick in demand for players like Tesla and others, our volume will scale with them.
Joe Massaro: And to date, John, those actions have happened in the last couple of weeks, we have not seen big schedule moves yet. Not saying they won’t happen, but haven’t seen material changes at this point.
