BorgWarner Increases Power Electronics Business with Premium European OEM

Rhea-AI Summary

BorgWarner has been awarded an increased business contract by a premium European OEM to supply additional Combined Inverter and DC/DC Converter (CIDD) units for use in the company's all-wheel-drive B and C segment hybrid applications. The CIDD offers a compact solution to manage both a vehicle's electric drive and accessory systems, maximizing power density in a lighter, smaller, and more cost-effective package. BorgWarner's CIDD design leverages the company's Viper power module with dual-sided cooling, providing twice the power density of alternative modules in the market. This contract extension signifies the customer's recognition of BorgWarner's exceptional performance, consistent quality, competitive value, and increasing sustainability efforts within their plants.

• Combined Inverter and DC/DC Converter (CIDD) supply contract extended
• CIDD offers compact solution to manage electric drive and accessory systems
• Technology intended for use in premium European OEM's all-wheel drive B and C segment hybrid applications

AUBURN HILLS, Mich., Nov. 2, 2023 /PRNewswire/ -- BorgWarner has been awarded increased business by a premium European OEM to supply additional Combined Inverter and DC/DC Converter (CIDD) units for use in the company's all-wheel-drive B and C segment hybrid applications. By combining the inverter and converter elements, the compact CIDD can manage both a vehicle's electric drive and its accessory systems, satisfying OEM goals of maximizing power density in a lighter, smaller and more cost-effective package.

"This business is a significant volume extension of our hybrid technology program with this customer," said Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems. "We're delighted that they continue to choose BorgWarner's eDrive products not only for their exceptional performance, consistent quality, and competitive value, but also in recognition of our increasing sustainability efforts within our plants."

BorgWarner's CIDD design leverages the company's Viper power module with dual-sided cooling, providing twice the power density of alternative modules in the market as well as the scalability to meet the varying power output requirements of different applications. Together, with next generation power supply and gate driver circuitry, the higher system efficiency enables improved vehicle range. Integrating the controller circuit and DC/DC converter functions on one board in the CIDD eliminates the need for wire bonding, a separate DC/DC converter housing and liquid-cooling connectors. It also reduces expensive high-voltage cabling between boxes. This all results in optimized weight and increased reliability.

About BorgWarner

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility – to help build a cleaner, healthier, safer future for all.

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You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply disruptions impacting us or our customers, such as the current shortage of semiconductor chips that has impacted original equipment manufacturer ("OEM") customers and their suppliers, including us; commodity availability and pricing, and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges from existing and new competitors including OEM customers; the challenges associated with rapidly changing technologies, particularly as relates to electric vehicles, and our ability to innovate in response; uncertainties regarding the extent and duration of impacts of matters associated with the COVID 19/coronavirus pandemic, including additional production disruptions; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; potential disruptions in the global economy caused by Russia's invasion of Ukraine; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that the spin-off transaction will not achieve its intended benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on automotive and truck production, both of which are highly cyclical and subject to disruptions; our reliance on major OEM customers; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; impacts from any potential future acquisition or disposition transactions; and the other risks noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

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SOURCE BorgWarner

FAQ

What is the contract extension awarded to BorgWarner?

BorgWarner has been awarded an increased business contract by a premium European OEM to supply additional Combined Inverter and DC/DC Converter (CIDD) units.

What is the purpose of the CIDD?

The CIDD offers a compact solution to manage both a vehicle's electric drive and accessory systems.

What are the advantages of BorgWarner's CIDD design?

BorgWarner's CIDD design leverages the company's Viper power module with dual-sided cooling, providing twice the power density of alternative modules in the market. It also eliminates the need for wire bonding, a separate DC/DC converter housing, and liquid-cooling connectors, resulting in optimized weight and increased reliability.

Why did the customer choose BorgWarner's eDrive products?

The customer chose BorgWarner's eDrive products for their exceptional performance, consistent quality, competitive value, and increasing sustainability efforts within their plants.