BorgWarner Secures eHeater Business Uplift With Premium European OEM
Portfolio Pulse from Happy Mohamed
BorgWarner has secured additional high voltage coolant heater (HVCH) business with a premium European OEM for its mid-size electric vehicle platform. This follows an initial supply agreement in July 2022 for the OEM's small electric vehicle platform. The HVCH will be used to maintain optimal battery temperature on electrified vehicles for the European and Asia-Pacific markets. Production is scheduled to start in 2025.
August 04, 2023 | 11:07 am
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POSITIVE IMPACT
BorgWarner's new business deal for its high voltage coolant heater with a premium European OEM could potentially boost its revenues and strengthen its position in the electric vehicle market.
The news of BorgWarner securing additional business with a premium European OEM is directly relevant to the company and its investors. This could potentially lead to increased revenues and a stronger position in the electric vehicle market, which is a growing sector. Therefore, the short-term impact on the stock price is likely to be positive.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100