EXCLUSIVE: Ideal Power Says 'This phase is expected to include the extensive testing of the custom B-TRAN module to meet automotive certification standards enabling B-TRAN to be the core of the powertrain inverter for the automaker's next-generation EVs'
Portfolio Pulse from Benzinga Newsdesk
Ideal Power announced that the current phase will involve extensive testing of the custom B-TRAN module to meet automotive certification standards, aiming to make B-TRAN the core of the powertrain inverter for next-generation EVs. This development is significant for both Ideal Power and its collaboration with automakers, potentially impacting the EV market.
February 22, 2024 | 2:16 pm
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POSITIVE IMPACT
Ideal Power's announcement about the B-TRAN module's testing for automotive certification could significantly impact its position in the EV market.
The successful testing and certification of the B-TRAN module could lead to its adoption in next-generation EVs, potentially increasing Ideal Power's market share and revenue in the EV sector.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
As a potential collaborator with Ideal Power for next-generation EVs, Stellantis may see a positive impact from the successful integration of the B-TRAN module.
If Stellantis is the automaker working with Ideal Power on integrating the B-TRAN module into its next-generation EVs, successful testing and certification could enhance its competitive edge in the EV market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70