EXCLUSIVE: Ideal Power Tells Benzinga 'This global automaker is working closely and meeting regularly with Ideal Power engineers on the use of B-TRAN enabled contactors to potentially replace electromechanical contactors in its electric vehicles (EVs)'
Portfolio Pulse from Benzinga Newsdesk
Ideal Power is collaborating with a global automaker to potentially replace electromechanical contactors in electric vehicles with B-TRAN enabled contactors.
August 07, 2024 | 1:05 pm
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Ideal Power is collaborating with a global automaker to potentially replace electromechanical contactors in electric vehicles with B-TRAN enabled contactors.
The collaboration with a global automaker could significantly boost Ideal Power's market presence and revenue potential in the EV sector, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100