AUTOMOTIVE THERMAL MANAGEMENT MARKET ANALYSIS

Key Developments

• In June 2024, TI Fluid Systems, a leading global supplier of automotive fluid systems technology, inaugurated its new e-Mobility Innovation Center (eMIC) in Auburn Hills, Michigan. This 48,000-square-foot facility is designed to enhance customer collaboration and accelerate the development of thermal management systems for hybrid, plug-in hybrid, and battery-electric vehicles in North America. The eMIC aims to streamline the development process, reducing prototype development time from six months to as little as two weeks, thereby promoting innovation in the automotive sector.
• In April 2024, Vitesco Technologies, a leading international supplier of advanced drivetrain technologies and electrification solutions, announced a partnership with Sanden International (Europe), a prominent provider of automotive thermal management technology. This collaboration aims to develop an Integrated Thermal Management System specifically designed for Battery Electric Vehicles (BEVs). Vitesco Technologies, which was spun off from the renowned German Tier-1 company Continental, will work alongside Sanden to create innovative solutions that enhance vehicle efficiency and sustainability.
• In February 2022, BorgWarner Inc., a U.S.-based tier 1 supplier of advanced automotive technologies, secured an agreement to supply its High-Voltage Coolant Heater (HVCH) for the BMW Group's fully electric iX and i4 models. This innovative solution manages the thermal regulation of the battery and cabin heating, significantly enhancing the driving range and reliability of the battery system. BorgWarner Inc. has a long-standing partnership with BMW, having provided numerous solutions for combustion-powered vehicles for over 20 years, and is now contributing to the advancement of electric mobility.
• In September 2022, Mahle, a global leader in automotive components and systems, launched its new thermal management systems for commercial electric vehicles at the IAA Transportation trade fair in Hannover, Germany. These innovative systems are designed to enhance efficiency and reduce costs, addressing the growing demand for sustainable transport solutions in the commercial vehicle sector.