BorgWarner Inc BWA

NYS: BWA | ISIN: US0997241064   19/04/2024
32,80 USD (+2,15%)
(+2,15%)   19/04/2024

BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM

  • 800V inverter technology offers ideal scalability, superior efficiency and high power density
  • Builds upon 400V inverter business with the automaker
  • SOP is 2025 for battery electric vehicle (BEV) platforms

AUBURN HILLS, Mich., Feb. 9, 2023 /PRNewswire/ -- BorgWarner is building upon its current 400V inverter business with a major global OEM by now also supplying 800V silicon carbide-based (SiC) inverters. The efficient and scalable high-voltage inverters are destined for battery electric vehicle (BEV) platforms. Two variants will be used in the passenger BEVs: one 250kW for passenger cars and all-wheel drive crossover utility vehicles and a second 350kW module for the OEM's performance vehicles.

"As a current 400-volt inverter supplier to the automaker, it was a significant win for our team to be brought on for the 800-volt program as well," said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems. "This expanded business solidifies BorgWarner's position as a strategic inverter supplier for this longstanding customer as they transition to the next phase of their BEV strategy."

Leveraging BorgWarner's Viper-based family of silicon and SiC power modules, the company is able to deliver 400V and 800V inverters that offer lower mass, higher efficiencies, exceptional scalability, and higher power densities. Ranging from 150 to 350 kW, BorgWarner inverters can be customized to fit customers' exact needs.

Start of production for the new inverter program is 2025, with peak annual volume nearing 400,000.  

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.

Forward-Looking Statements: This press release contains forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact contained or incorporated by reference in this press release that we expect or anticipate will or may occur in the future regarding our financial position, business strategy and measures to implement that strategy, including changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans, references to future success and other such matters, are forward-looking statements. Accounting estimates, such as those described under the heading "Critical Accounting Policies and Estimates" in Item 7 of our most recently-filed Annual Report on Form 10-K ("Form 10-K"), are inherently forward-looking. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press 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: evolving legal, regulatory, and tax regimes; the 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; commodities availability and pricing, and an inability to achieve expected levels of success in additional commercial negotiations with customers concerning recovery of 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 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 including our recent acquisitions of AKASOL AG, Santroll's light vehicle eMotor business, and Rhombus Energy Solutions, the anticipated acquisition of Hubei Surpass Sun Electric's charging business, and our 2020 acquisition of Delphi Technologies PLC; 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 and potential for recessionary conditions in regional economies; the outcome of existing or any future legal proceedings, including litigation with respect to various claims; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; impacts from 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 press release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/borgwarner-expands-silicon-carbide-inverter-business-with-major-global-oem-301741675.html

SOURCE BorgWarner

Mijn selecties