REE Partners with Cascadia to Launch Next-Gen Electric Drive Units
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
- Market Growth Potential: Industry research estimates that the global electric drive unit (EDU) market is projected to double by 2035, growing at a compound annual growth rate (CAGR) of approximately 9%, providing significant market opportunities for the collaboration between REE and Cascadia.
- Technological Integration Advantage: The partnership between REE and Cascadia Motion will integrate REEcorner technology with the iM-125 drive unit, aiming to provide OEMs with a compact electric drive solution that accelerates EV development and enhances market competitiveness.
- Commercialization Plan: The parties plan to ensure rapid market entry of the next-generation EDU through a phased commercialization strategy and royalty-bearing agreements, addressing OEMs' urgent demand for electric vehicle solutions.
- Strategic Collaboration Deepening: This MOU represents a natural progression of the three-year collaboration between REE and Cascadia, aiming to drive industry transformation through software-defined vehicle technology to meet global electric vehicle demand.
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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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