Aptiv has recorded fourth-quarter net income of US$283m, with revenue up 17% to US$4.2bn.

The supplier also posted full-year net income of US$1.8bn, while revenue fell 9% to US$13.1bn.

"Last year was a year like no other," said Aptiv president and CEO, Kevin Clark. "Despite the industry declines caused by the COVID-19 pandemic, Aptiv delivered strong performance, validating the strength of our portfolio of market relevant technologies aligned to the safe, green and connected megatrends, resulting in over US$13bn of revenue and ten points of growth over market in 2020."

"Throughout the pandemic, Aptiv kept our most important asset – our people – safe and we were able to continue innovating and delivering for our customers. As the economic recovery takes hold, Aptiv is enabling our customers to thrive – facilitating the accelerating transition to an electrified, software-defined vehicle.

"We solve some of the industry's toughest challenges, creating exceptional value for customers, which in turn generates best-in-class, sustainable returns for shareholders. In 2021, even as the industry braces for continued pandemic-related challenges, our relentless focus on execution positions Aptiv for continued outperformance."