Automotive supplier BorgWarner announced today an investment in energy storage technology company CelLink Corporation. a company that develops large, high-conductance flexible circuits for the automotive and energy storage industries.
According to BorgWarner, the investment complements the company’s Charging Forward electrification strategy. The company announced the new strategy earlier this year, targeting a major ramp in electric vehicle (EV)-related revenue to 45% of sales by 2030, from less than 3%.
Harry Husted, Chief Technology Officer, BorgWarner, Inc, said:
“CelLink’s superior circuit technology is well suited for a wide range of automotive applications, with great potential for battery packs and next-generation vehicle wiring, and closely aligns with our Charging Forward strategy. As one of our many efforts to realize our electrification goals, we anticipate this investment will reinforce and complement the competitive advantage of our products in all major markets and help fulfill our vision of a clean, energy-efficient world.”
CelLink’s flexible circuits enhance electrical, thermal and mechanical system properties for batteries and other devices requiring power and data transmission, with solutions delivering weight, space and cost savings. The company’s circuits also enable next-generation vehicle electronic architectures where high-power and high-speed data transmission can be combined into a single flexible circuit, dramatically simplifying vehicle electrical distribution systems.
Kevin Coakley, CEO of CelLink, said:
“As electrification takes hold in the automotive industry, it is more important than ever that the industry adopts intelligent wiring systems that minimize complexity and weight. We are very pleased to have BorgWarner join as an investor, fortifying the significant impact our products will have on the future of electrified transportation.”