REE Automotive Signs Strategic MOU with BorgWarner's Cascadia Motion for Next-Gen Electric Drive Unit
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Strategic Collaboration Agreement: REE Automotive has signed a strategic non-binding memorandum of understanding with Cascadia Motion, a wholly owned subsidiary of BorgWarner, to jointly develop a next-generation electric drive unit (EDU) aimed at supporting global OEM electrification initiatives, which is expected to enhance both parties' competitiveness in the electric vehicle market.
- Technology Integration: The collaboration will integrate Cascadia Motion's iM-125 motor-inverter unit with REEcorner technology, designed to accelerate OEM electric vehicle programs while providing customers with more flexible electrification solutions to meet their needs.
- Production Support: REE intends to provide Cascadia Motion access to its existing EDU assembly line, tooling, inventory, and supplier ecosystem to support the production of integrated units, which will help improve production efficiency and reduce costs.
- Software-Defined Vehicles: The companies will also assess demand for full software-defined vehicle (SDV) solutions, combining REE's zonal architecture with Cascadia Motion's propulsion technologies to assist OEMs in transitioning to scalable, software-driven platforms, addressing the growing demand for modern SDV platforms in the market.
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Analyst Views on BWA
Wall Street analysts forecast BWA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BWA is 51.50 USD with a low forecast of 45.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
5 Buy
3 Hold
0 Sell
Moderate Buy
Current: 48.280
Low
45.00
Averages
51.50
High
55.00
Current: 48.280
Low
45.00
Averages
51.50
High
55.00
About BWA
BorgWarner Inc. is engaged in clean technology solutions for combustion, hybrid and electric vehicles. The Company operates in four segments. The Turbos & Thermal Technologies’ technologies include turbochargers, e-boosters, e-turbos, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, among others. The Drivetrain & Morse Systems segment’s products include control modules, friction and mechanical clutch products for automatic transmissions, torque-management products and rear-wheel drive (RWD) and all-wheel drive (AWD) transfer case systems and coupling systems. The PowerDrive Systems segment’s products include power electronics such as inverters, onboard chargers, DC/DC converters and combination boxes, and others. The Battery & Charging Systems segment’s products include lithium-ion battery systems for electrified bus, truck and off-highway applications and DC fast chargers suitable for all types of electric vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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