Gentherm says it has been awarded a further contract for its new battery thermal management system (BTM), a thermoelectric cooling system for batteries used in hybrid and electrified vehicles.
The five-year contract, awarded by an unnamed automotive partner, could potentially generate up to US$8m in annual revenue with the first shipments to begin for model year, 2018.
The BTM is a new product for Gentherm , which has a capability to provide cooling to various types of batteries including those used in hybrid and electrified vehicles.
“With significant BTM programmes from separate major automotive manufacturers, we are leveraging our thermal management technology in a large and important new product category.”
“We expect this to be a significant new growth opportunity for us.”
Gentherm previously announced in July last year, it had been awarded its first BTM contract by a major automotive manufacturer, which could generate up to US$25m in annual revenue.