Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

BorgWarner secures major EV parts contract

EditorRachael Rajan
Published 02/08/2024, 08:23 AM
© Reuters.

AUBURN HILLS, Mich. - BorgWarner (NYSE:BWA), a prominent automotive industry supplier, has secured a significant contract extension to provide its 400V high voltage coolant heaters (HVCH) to a major global automaker for use in electric SUVs and passenger trucks. This contract is one of three recent deals the company has clinched with North American original equipment manufacturers (OEMs) for its HVCH technology.

The HVCH system, which is integral to electric vehicles (EVs), manages the temperature of the battery pack to optimize charging efficiency, extend battery life, and enhance overall vehicle performance. It also ensures cabin warmth in extremely cold conditions, functioning effectively even at -40°C. Designed for the specific needs of larger vehicles, BorgWarner's HVCH offers high power density and low ripple current, making it a suitable choice for the heavier battery-electric light-vehicle platforms.

Manufacturing of the HVCH will take place at BorgWarner's facility in Cadillac, Michigan, making it the only American-made HVCH technology currently available. The company's proximity to the customer's technical center has facilitated seamless collaboration, with development work led from BorgWarner's technical center in Auburn Hills.

BorgWarner's expansion in the HVCH market is not limited to North America; the company has also recently won contracts to supply its technology to a premium European OEM for a mid-size electric vehicle platform and a global OEM's European light vehicle program.

The information in this article is based on a press release.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.