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January 8, 2016

Gentherm secures battery thermal management system contract

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.

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. 

“This second contract win expands our foothold in a new global market for Gentherm ,” said a Gentherm statement.

“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.

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