Integrated thermal management systems set to witness high uptake from OEMs for EVs
Integrated thermal management systems will play a critical role in enabling OEMs to win the race of driving range and efficiency in EVs with high traction from Greater China.
Advances in battery and charging technology, along with stricter emissions norms and regulations, are paving the way for electric vehicles (EVs). As a matter of fact, many original equipment manufacturers have announced plans to turn their product line completely or partially into electric by the end of this decade. However, EVs’ limited range, efficiency and longer charging time are major obstacles that continue to hinder their large-scale adoption. While companies continue to work to improve the power density of batteries, thereby improving range and enabling faster charging, thermal management in EVs is quickly gaining traction because it has a direct linkage with battery performance, driving range, vehicle cooling and heating functions, among other critical areas. Rising vehicle electrification is driving demand for effective integrated thermal management systems (ITMS).
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