GRAPHENE

BorgWarner to supply integrated drive module for Hyundai Motor Group

BorgWarner’s built-in drive module (iDM) was chosen by the Hyundai Motor Group for its energy electrical system, which might be used within the upcoming A-segment electrical car manufacturing, deliberate to begin in mid of 2023.

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We have now loved practically twenty years of partnership with the Hyundai Motor Group and could not be extra enthusiastic about this subsequent step—engaged on our first electrification venture collectively. I’m particularly passionate about the truth that that is the primary iDM product combining the portfolios of BorgWarner and legacy Delphi Applied sciences after the acquisition, reaping the advantages of the 2 organizations.

—Dr. Stefan Demmerle, President and Basic Supervisor, BorgWarner PowerDrive Techniques

Designed, developed and manufactured by the corporate as a high-performance system, BorgWarner’s iDM146 operates at 400V and affords peak energy of 135 kW. The superior transmission know-how affords clean and quiet operation, and the electrical motor makes use of Excessive Voltage Hairpin know-how.

Total drive system weight and house are lowered by integrating the gearbox, a 400V silicon inverter and the motor with a compact, 146mm stator outer diameter.

The iDM146 additionally affords a scalable and modular inverter design, making it simply customizable to buyer necessities.

AKASOL. Individually, BorgWarner introduced that it has accomplished the tender supply for shares of AKASOL AG, a producer of high-performance battery techniques, leading to BorgWarner proudly owning 89.08% of AKASOL’s excellent shares following completion of the tender supply.

The acquisition additional strengthens BorgWarner’s business car and industrial electrification capabilities.

We’re excited so as to add AKASOL’s revolutionary merchandise, capabilities and staff to BorgWarner as we advance our plan to develop our electrical car companies to roughly 45% of whole revenues by 2030 underneath Mission Charging Ahead.

—Frédéric Lissalde, President and CEO of BorgWarner

AKASOL is now a majority-owned subsidiary of BorgWarner. AKASOL’s headquarters are in Darmstadt, Germany, and as beforehand introduced, AKASOL might be run independently. BorgWarner will assess what extra actions, if any, it is going to take to realize full management and possession of AKASOL together with, with out limitation, the delisting of AKASOL’s shares.

BorgWarner paid roughly €648 million to settle the tender supply from present money balances, which incorporates proceeds obtained from its beforehand introduced public providing of BorgWarner 1.00% Senior Notes due 2031.

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