EXCLUSIVE: Ideal Power Collaborates With Third Automaker on Advanced EV Contactors
Portfolio Pulse from Anusuya Lahiri
Ideal Power Inc (NASDAQ:IPWR) announced a collaboration with a third global automaker to use B-TRAN-enabled contactors in electric vehicles (EVs). The high-power EV contactor market is expected to grow significantly, and Ideal Power's solid-state contactors offer several advantages over traditional electromechanical contactors, including faster operation, improved safety, and lower costs.
August 07, 2024 | 1:05 pm
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Ideal Power Inc (NASDAQ:IPWR) is collaborating with a third global automaker to use B-TRAN-enabled contactors in EVs. This partnership could significantly boost IPWR's market presence in the growing high-power EV contactor market.
The collaboration with a third global automaker positions Ideal Power to capitalize on the growing high-power EV contactor market. The advantages of their solid-state contactors over traditional ones could lead to increased adoption and revenue growth.
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