BorgWarner Secures New High Voltage Coolant Heater Programs In China, Korea And Japan; BorgWarner's HVCH Selected By A Chinese Oem For A Battery Electric SUV, Start Of Production Set For Q2 2025
Portfolio Pulse from Benzinga Newsdesk
BorgWarner has secured three significant contracts for its High Voltage Coolant Heater (HVCH) technology in China, Korea, and Japan. These deals involve a Chinese OEM for a battery electric SUV, a Korean electric vehicle manufacturer for a new electric pick-up model, and a Japanese OEM, marking BorgWarner's entry into Japan's electric vehicle market.
October 31, 2024 | 12:13 pm
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BorgWarner has secured contracts for its HVCH technology with OEMs in China, Korea, and Japan, indicating a strong expansion in the electric vehicle market.
The contracts with OEMs in China, Korea, and Japan for BorgWarner's HVCH technology represent significant business wins, likely boosting investor confidence and positively impacting BWA's stock price. The expansion into these key markets, especially Japan, marks a strategic growth opportunity in the rapidly growing electric vehicle sector.
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