- BorgWarner Inc BWA stated that its 400V Silicon Carbide (SiC) inverter had been selected to help power various models of a European OEM's battery electric vehicles. The financial details of the arrangement were not disclosed.
- Vehicle production with BorgWarner's SiC inverter is slated for 2023.
- The inverter features dual-sided cooled power switches, providing a breakthrough in vehicle electrification and offering OEMs superior operational characteristics, including enhanced driving performance and a longer range.
- BorgWarner noted that the new SiC inverter design builds on its cooling technology to reduce the semi-conductor area and SiC material, offering a lighter and smaller system at a lower cost than other silicon-based inverters.
- Price Action: BWA shares are trading higher by 3.03% at $46.43 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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