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BAE Systems and Meritor Collaborate on Integrated Electric Solutions for Industrial Vehicle Market
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
BAE Systems is collaborating with Meritor, Inc. to develop technology solutions for heavy-duty industrial and defense vehicles. This partnership aims to create efficient, cost-effective, and fully-integrated electric vehicle technologies. BAE Systems will integrate its power management systems with Meritor's ePowertrain, enhancing their combined capabilities in electric propulsion. With over 25 years of experience, BAE is set to contribute significantly to emission-free solutions in various markets. They currently service over 14,000 propulsion systems globally, leading to a substantial reduction in fuel consumption and carbon emissions.
Positive
Collaboration with Meritor enhances capabilities in electric vehicle technology.
BAE Systems has 25+ years of experience in electric propulsion.
Current operations include over 14,000 propulsion systems worldwide.
Significant environmental benefits with reduction of 335,000 tons of CO2 annually.
Negative
None.
ENDICOTT, N.Y.--(BUSINESS WIRE)--
BAE Systems, a leader in electric propulsion, is collaborating with Meritor, Inc., a supplier of electric powertrain technology, to offer technology solutions for heavy-duty platforms in the industrial and defense vehicle markets.
BAE Systems is collaborating with Meritor, Inc. to offer technology solutions for heavy-duty platforms in the industrial and defense vehicle markets. (Photo: BAE Systems)
The companies will work together to offer efficient, cost-effective, and fully-integrated electric vehicle solutions. As part of this collaboration, BAE Systems will leverage its expertise in systems integration and power electronics to incorporate its power management system with Meritor’s ePowertrain, for a comprehensive and compact solution. The integrated solution will increase options for multiple applications and conditions in a wide range of industrial markets.
The technology will harness both companies’ experience and knowledge in electric vehicle propulsion. BAE Systems has more than two decades of expertise developing and integrating electric propulsion systems, including battery electric and hydrogen fuel cell technology.
“Combining the work of BAE Systems and Meritor, Inc. will bring together the complimentary capabilities, strengths, and resources of two industry-leading companies,” said Steve Trichka, vice president and general manager of Power & Propulsion Solutions at BAE Systems. “Our proven track record in electric drive technology, coupled with Meritor’s experience in ePowertrains, will increase emission-free solutions in heavy duty markets.”
“The collaboration with BAE Systems allows us to further demonstrate the performance of our class leading ePowertrain in additional market segments,” said Jim Keane, vice president, Industrial for Meritor.
BAE Systems’ Series-EV battery electric and Series-H hydrogen fuel cell products build on 25 years of innovation that powers buses around the world. The company has all-electric systems on buses in service throughout North America and Europe, and more than 14,000 propulsion systems in service on transit buses worldwide. Each year those systems contribute to a cleaner world by saving more than 30 million gallons of fuel and eliminating 335,000 tons of carbon dioxide each year across the globe – the equivalent of taking 59,000 cars off the road or planting four million trees.
BAE Systems develops and services its electric propulsion technology at its facilities in Endicott, N.Y., and Rochester, U.K.
What is the nature of the collaboration between BAE Systems and Meritor?
BAE Systems is collaborating with Meritor to develop integrated electric vehicle solutions for heavy-duty industrial and defense platforms.
What are the expected outcomes of the BAE Systems and Meritor partnership?
The collaboration aims to offer efficient, cost-effective electric vehicle solutions, leveraging both companies' strengths in electric propulsion technologies.
How long has BAE Systems been involved in electric propulsion technology?
BAE Systems has over 25 years of experience developing and integrating electric propulsion systems.
What environmental impact do BAE's electric propulsion systems have?
BAE's systems contribute to saving over 30 million gallons of fuel and eliminating 335,000 tons of CO2 annually, equivalent to taking 59,000 cars off the road.
What is the stock symbol for BAE Systems?
The stock symbol for BAE Systems is BAESY, traded on OTC-PINK.
