BorgWarner Secures Boosted Dual Inverter Business With Chinese OEM
Portfolio Pulse from Benzinga Newsdesk
BorgWarner has won a contract to supply its dual inverter with boost function for PHEV and REEV passenger car platforms of a major Chinese OEM. This technology, which integrates two inverters and a high-power boost module into a single package, will be produced in BorgWarner's Suzhou, China plant starting September 2024. The product aims to enhance power density and performance while meeting local hybrid architecture standards in China, marking BorgWarner's first 400V dual inverter with boost function for this OEM.
February 08, 2024 | 1:08 pm
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BorgWarner's new contract to supply dual inverters with boost for a major Chinese OEM's PHEV and REEV platforms could significantly enhance its position in the electric vehicle component market, especially in China.
Securing a contract with a major Chinese OEM for the supply of dual inverters with boost function is a significant development for BorgWarner. This deal not only expands BorgWarner's product portfolio but also strengthens its foothold in the rapidly growing electric vehicle market in China. The integration of advanced technology in hybrid vehicles is crucial for meeting local standards and consumer expectations, which could lead to increased demand for BorgWarner's products. The start of production in September 2024 also provides a clear timeline for when the financial benefits of this contract might begin to materialize, potentially boosting investor confidence in the short term.
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