STOCK TITAN

Tenneco to Supply Monroe Intelligent Suspension Technology for Li Auto Electric SUV

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Tenneco (NYSE:TEN) has announced a supply agreement for its electronic suspension technology to be featured in the upcoming L9 electric luxury SUV from Li Auto. The Advanced Suspension Technologies (AST) division will produce Monroe® Intelligent Suspension CVSAe™ dampers, enhancing ride comfort and handling. This technology is already in over 75 vehicle models and is compatible with both battery-electric and hybrid vehicles. Manufacturing will occur at Tenneco's Changzhou, China facility, which began operations in 2021.

Positive
  • Tenneco to supply Monroe® Intelligent Suspension technology for Li Auto's L9 SUV, indicating a solid partnership with a growing EV manufacturer.
  • CVSAe technology offers broad tuning capabilities, enhancing appeal to OEMs and potentially driving future sales.
  • Manufacturing in Changzhou, China allows Tenneco to leverage local production capabilities for electric vehicle components.
Negative
  • None.

SKOKIE, Ill., Sept. 29, 2022 /PRNewswire/ -- Tenneco (NYSE:TEN) today announced that it will supply the electronic suspension technology for the upcoming L9 electric luxury SUV from Li Auto. Tenneco's Advanced Suspension Technologies (AST) business will manufacture Monroe® Intelligent Suspension CVSAe™ electronic dampers for the new luxury model. The L9 is the second series model from the Beijing, China-based manufacturer of smart electric vehicles and the third model from a Chinese OEM to feature CVSAe technology.

CVSAe electronic damping technology continuously adapts to changing road conditions based on data provided by multiple onboard ride control sensors. An electronic control unit (ECU) processes sensor inputs and independently adjusts the electronic valve within each of the system's four dampers, resulting in optimal handling and comfort characteristics. Drivers can choose their preferred driving mode, ranging from comfort-intensive to sporty. Already selected by leading global automakers for more than 75 vehicle models, the technology requires minimal electrical power, making it ideal for battery-electric and hybrid models.

"Automakers in virtually every region around the world have recognized the significant advantages of CVSAe technology," said Henrik Johansson, vice president and general manager, AST, Tenneco. "This solution provides an uncommonly broad tuning range that enables OEMs to dial-in a precise ride and handling profile for virtually any size or type of passenger vehicle. This is particularly important for electric vehicles, which place unique demands on suspension components due to the weight and positioning of their battery packs."

CVSAe technology is compatible with coil spring- and air suspension-equipped vehicles and can be deployed with shock absorbers and/or Macpherson struts. CVSAe damper modules for the L9 will be manufactured in Tenneco's plant in Changzhou, China. This all-new facility first began production in 2021 and features the latest development, manufacturing and testing capabilities for advanced suspension systems for both traditional powertrain as well as BEV applications.

For more information visit: www.monroeintelligentsuspension.cn

About Tenneco
Tenneco is one of the world's leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with full year 2021 revenues of $18 billion and approximately 71,000 team members working at more than 260 sites worldwide. Through our four business groups, Motorparts, Performance Solutions, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.

Visit www.tenneco.com to learn more.

Safe Harbor
This release contains forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the risk factors and cautionary statements included in Tenneco's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2021 and the quarterly reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022.

Media contacts:




Bill Dawson                                                                               

Simonetta Esposito

Media Relations                                                                        

Media Relations

North America                                                                            

Europe

847 482-5807                                                                              

32 (0) 2 706 9232

bdawson@tenneco.com

sesposito@tenneco.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/tenneco-to-supply-monroe-intelligent-suspension-technology-for-li-auto-electric-suv-301636016.html

SOURCE Tenneco Inc.

FAQ

What technology is Tenneco supplying for Li Auto's L9 electric SUV?

Tenneco is supplying its Monroe® Intelligent Suspension CVSAe™ electronic dampers for the L9 electric luxury SUV.

When was the announcement made regarding Tenneco supplying technology for the L9 SUV?

The announcement was made on September 29, 2022.

Which plant will manufacture the damper modules for the L9 SUV?

The damper modules for the L9 will be manufactured at Tenneco's plant in Changzhou, China.

What are the advantages of Tenneco's CVSAe technology?

CVSAe technology adapts to road conditions, offers a wide tuning range, and is compatible with various suspension systems, making it ideal for electric and hybrid vehicles.

How many vehicle models have utilized Tenneco's CVSAe technology?

Tenneco's CVSAe technology has been selected for over 75 vehicle models by global automakers.

Tsakos Energy Navigation Ltd.

NYSE:TEN

TEN Rankings

TEN Latest News

TEN Stock Data

485.96M
21.13M
26.67%
22.36%
1.4%
Oil & Gas Midstream
Energy
Link
United States of America
Athens