Vitesco Technologies has secured an order worth more than EUR1bn (US$1.13bn) from an unnamed North American car manufacturer.
The company will supply millions of 800-volt inverters with silicon carbide technology – an enabler for fast charging and improving EV efficiency and range.
At the same time, Vitesco Technologies is to expand its global presence and production facilities. The plan is for the high-voltage inverter complete with power module to be generated in North America, starting in early 2025.
“Vitesco Technologies was among the first automotive suppliers to focus so firmly on electric mobility,” said Vitesco CEO, Andreas Wolf.
“The most recent incoming orders endorse this consistent approach. We are pursuing a clear-cut plan that will drive forward our mission to deliver clean, zero-emission mobility.”
In the final quarter of 2021, incoming orders for electrification components totalled more than EUR2bn. Along with the business from North America, Vitesco Technologies also received orders from one Chinese and one Japanese automaker – each valued at several hundred million euros.
The orders for battery electric vehicle technology are specifically for high-voltage axle drives, manufactured and supplied as complete systems, as well as the necessary high-voltage power electronics.
“With our portfolio, we are fully focused on global, scalable platforms for electrified vehicles,” added Vitesco member of the executive board and head of the Electrification Technology business unit, Thomas Stierle.
“This is where the growth is happening and it’s also where there is real potential for the sustainable and increasingly carbon-neutral mobility of the future.”
“The latest orders clearly prove the point. The electrification of automotive drive systems is progressing faster than ever − and Vitesco Technologies is among the prime movers and beneficiaries of this global trend.”