Motorcar Parts of America’s EV Subsidiary Receives Order From Leading Chinese Automotive Company

Rhea-AI Summary

Motorcar Parts of America (MPAA) announced that its subsidiary, D&V Electronics, received an order for an electric motor emulator from a major Chinese automotive company. This emulator is a vital part of a Power Hardware-In-the-Loop (p-HIL) test system, designed to validate drivetrain components. While financial terms remain undisclosed, this order reflects ongoing success for D&V's EV technology and positions them favorably within the electrification movement in the automotive sector.

Positive

• D&V Electronics received a significant order for an electric motor emulator from a major automotive company in China.
• The order underscores D&V's ongoing success and expanding presence in the electric vehicle sector.

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• None.

LOS ANGELES, Calif.--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an electric motor emulator from one of China’s largest automotive companies, a critical component of a Power Hardware-In-the-Loop (p-HIL) test system to validate the performance and design of drivetrain components. Terms were not disclosed.

The p-HIL test system to be utilized by this Chinese automotive customer is comprised of D&V’s emulator, Opal-RT Technologies’ advanced motor models and NI’s (Nasdaq: NATI) real-time system.

“This order continues a series of global wins for our D&V subsidiary and its cutting-edge EV technology. We look forward to future opportunities to expand partnerships and work with global electric mobility leaders,” said Selwyn Joffe, chairman, president and chief executive officer.

“We continue to make significant strides in the integration of our innovative emulator technology with real-time simulation and modeling capabilities, offering the most advanced, green and flexible test solutions for companies leading the electrification movement,” said Bill Hardy chief executive of D&V Electronics.

ABOUT D&V ELECTRONICS

Founded in 1997 and acquired by Motorcar Parts of America in 2017, the electrical vehicle subsidiary, with customers in more than 90 countries, designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.dvelectronics.com.

About Motorcar Parts of America, Inc.

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2021 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220425005279/en/

Gary S. Maier

(310) 972-5124

Source: Motorcar Parts of America, Inc.

FAQ

What recent order did Motorcar Parts of America (MPAA) announce for its subsidiary D&V Electronics?

Motorcar Parts of America (MPAA) announced that D&V Electronics received an order for an electric motor emulator from a major Chinese automotive company.

What is the significance of the electric motor emulator order for MPAA?

The order is crucial for a Power Hardware-In-the-Loop (p-HIL) test system, enhancing validation capabilities for drivetrain components.

When was the electric motor emulator order announced by Motorcar Parts of America (MPAA)?

The announcement was made on the release date, noted in the press release.

How does the recent order impact D&V Electronics' position in the electric vehicle market?

The order highlights D&V's success and reinforces its role in the growing electric mobility sector.

Which company collaborated with D&V Electronics for the p-HIL test system?

D&V Electronics collaborated with Opal-RT Technologies and NI for the advanced motor models and real-time system.