BorgWarner Secures Contract Extending High Voltage Coolant Heater Business With Global OEM; Technology Will Be Used On The Automaker's Battery-Electric Light-Vehicle Platforms, Specifically SUV And Passenger Truck Programs
Portfolio Pulse from Benzinga Newsdesk
BorgWarner has extended its contract to supply 400V high voltage coolant heaters (HVCH) to a major global OEM for use in electric SUVs and passenger trucks. This contract is one of three secured with North American OEMs for BorgWarner's HVCH technology, which is crucial for managing battery pack temperature and cabin heating in EVs. The HVCH will be manufactured at BorgWarner's facility in Cadillac, Michigan, marking BorgWarner as the only supplier of American-made HVCH. The technology is designed for optimal charging efficiency, battery life, and driving range, and is more powerful than those used in smaller vehicles.
February 08, 2024 | 1:09 pm
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BorgWarner secures a contract extension to supply HVCH for electric SUVs and trucks, highlighting its leadership in EV technology and manufacturing capabilities in the US.
The contract extension with a major global OEM for the supply of HVCH technology for electric SUVs and trucks is a significant business win for BorgWarner. It not only reinforces BorgWarner's position as a leader in the EV technology space but also highlights its manufacturing capabilities in the US. This development is likely to be viewed positively by investors, as it demonstrates the company's continued growth in the electric vehicle market and its ability to secure major contracts. The fact that BorgWarner is the only supplier of American-made HVCH technology further strengthens its competitive advantage.
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