BusinessBorgWarner Captures North American Excessive Voltage Silicon Carbide Inverter...

BorgWarner Captures North American Excessive Voltage Silicon Carbide Inverter Enterprise with Main World OEM

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– Largest silicon carbide primarily based inverter win for BorgWarner and first silicon carbide primarily based inverter win in North America

– Expertise will provide low mass, excessive energy density, optimum effectivity and scalable design

– Will assist energy quite a few battery electrical passenger vehicles and vans

AUBURN HILLS, Mich., Nov. 3, 2021 /PRNewswire/ — BorgWarner has secured a contract with a significant OEM to provide excessive voltage inverters for battery electrical automobile (BEV) platforms together with a wide range of passenger vehicles and vans. The enterprise award marks the corporate’s largest main silicon carbide primarily based (SiC) inverter win and the primary silicon carbide primarily based inverter win in North America.

BorgWarner Brand (PRNewsfoto/BorgWarner)

“It is a vital enterprise win for BorgWarner, furthering our long-standing relationship with our buyer and dedication to delivering modern and environment friendly options to the electrical automobile market,” mentioned Dr. Stefan Demmerle, President and Common Supervisor, BorgWarner PowerDrive Methods. “BorgWarner inverters are power environment friendly and provide vital advantages for our clients, together with low mass, dimension optimization, excessive drive cycle effectivity, excessive energy density and an simply scalable design.”

The inverters leverage BorgWarner’s Viper household of scalable energy modules, manufactured with SiC supplies for superior effectivity. These particular options permit for a better voltage operation and better present densities in comparison with conventional inverter applied sciences.

BorgWarner’s inverter efficiency and scalability, value, dimension optimization and international manufacturing footprint contributed to securing the enterprise win. The launch of the inverter is slated for 2024.

About BorgWarner

BorgWarner Inc. (NYSE: BWA) is a world product chief delivering modern and sustainable mobility options for the automobile market. Constructing on its unique gear experience, BorgWarner additionally brings market main product and repair options to the worldwide aftermarket. With manufacturing and technical amenities in 96 places in 22 international locations, the corporate employs roughly 50,000 individuals worldwide. For extra data, please go to borgwarner.com.

Ahead-Wanting Statements: This press launch could include forward-looking statements as contemplated by the 1995 Non-public Securities Litigation Reform Act which are primarily based on administration’s present outlook, expectations, estimates and projections. Phrases equivalent to “anticipates,” “believes,” “continues,” “might,” “designed,” “impact,” “estimates,” “evaluates,” “expects,” “forecasts,” “aim,” “steering,” “initiative,” “intends,” “could,” “outlook,” “plans,” “potential,” “predicts,” “challenge,” “pursue,” “search,” “ought to,” “goal,” “when,” “will,” “would,” and variations of such phrases and related expressions are supposed to determine such forward-looking statements. Additional, all statements, apart from statements of historic reality contained or integrated by reference on this presentation that we anticipate or anticipate will or could happen sooner or later concerning our monetary place, enterprise technique and measures to implement that technique, together with modifications to operations, aggressive strengths, objectives, growth and development of our enterprise and operations, plans, references to future success and different such issues, are forward-looking statements. Accounting estimates, equivalent to these described underneath the heading “Essential Accounting Insurance policies and Estimates” in Merchandise 7 of our Annual Report on Kind 10-Ok for the yr ended December 31, 2020 (“Kind 10-Ok”), are inherently forward-looking. All forward-looking statements are primarily based on assumptions and analyses made by us in mild of our expertise and our notion of historic traits, present situations and anticipated future developments, in addition to different components we consider are applicable underneath the circumstances. Ahead-looking statements are usually not ensures of efficiency, and the Firm’s precise outcomes could differ materially from these expressed, projected or implied in or by the forward-looking statements.

You shouldn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this presentation. Ahead-looking statements are topic to dangers and uncertainties, a lot of that are troublesome to foretell and usually past our management, that would trigger precise outcomes to vary materially from these expressed, projected or implied in or by the forward-looking statements. These dangers and uncertainties, amongst others, embody: provide disruptions impacting the us or our clients, equivalent to the present scarcity of semiconductor chips that has impacted unique gear producer (“OEM”) clients and their suppliers, together with us; commodities availability and pricing; aggressive challenges from present and new rivals together with OEM clients; the challenges related to rapidly-changing applied sciences, notably as pertains to electrical automobiles, and our capability to innovate in response; uncertainties concerning the extent and length of impacts of issues related to the COVID-19 pandemic together with extra manufacturing disruptions; the failure to understand the anticipated advantages of the acquisition of Delphi Applied sciences PLC that we accomplished on October 1, 2020; the failure to understand the anticipated advantages of the acquisition of AKASOL or a delay within the capability to understand these advantages; the failure to efficiently execute on a well timed foundation our taking non-public technique with respect to AKASOL; the issue in forecasting demand for electrical automobiles and our electrical automobiles income development to 2030; the power to determine targets and consummate acquisitions on acceptable phrases; failure to understand the anticipated advantages of acquisitions; the power to determine applicable combustion portfolio companies for disposition and consummate deliberate inclinations on acceptable phrases; the failure to promptly and successfully combine acquired companies; the potential for unknown or inestimable liabilities regarding acquired companies; our dependence on automotive and truck manufacturing, each of that are extremely cyclical and topic to disruptions; our reliance on main OEM clients; fluctuations in rates of interest and overseas forex alternate charges; availability of credit score; our dependence on key administration; our dependence on data techniques; the uncertainty of the worldwide financial atmosphere; the end result of present or any future authorized proceedings, together with litigation with respect to numerous claims; future modifications in legal guidelines and laws, together with, by means of instance, tariffs, within the international locations wherein we function; impacts from any potential future acquisition or divestiture transactions; and the opposite dangers, together with, by means of instance, pandemics and quarantines, famous in experiences that we file with the Securities and Change Fee, together with Merchandise 1A, “Danger Components” in our most recently-filed Annual Report on Kind 10-Ok and/or Quarterly Report on Kind 10-Q. We don’t undertake any obligation to replace or announce publicly any updates to or revisions to any of the forward-looking statements on this presentation to replicate any change in our expectations or any change in occasions, situations, circumstances, or assumptions underlying the statements.

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SOURCE BorgWarner



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