Our early gamble on power electronics creates win for customers.
Delphi Technologies has deep expertise and a long history in both engine management and automotive power electronics – 35 years and 25 years; respectively. It’s this expertise that has helped us gain a lead position in the vehicle electrification race.
It was 2004. That’s the year Delphi Technologies made the call to go all in on power electronics. The reasons:
- It was a track short on leaders; long on opportunities; and primed for innovation.
- It played to our established strengths in engine controllers, propulsion software, and automotive grade electronic hardware and systems.
- It presented great appeal and enormous upside for our customers, allowing them to focus on better powerplants while we focused on how to get more power – period.
- It was a move we believed would one day put Delphi Technologies – and our customers – in a prime position on the path to electrification.
That day has arrived.
The inflection point.
In 2004, less than 1 percent of the global car parc was electrified. While small, we saw a trend line that had only one way to go: Up.
Increasing regulations, emerging infrastructures and improving consumer acceptance were among the factors that would fuel the growth. The pace of change was a bit fuzzy, but we were confident if we stayed the course, investing and innovating in how to boost power, a big win was possible.
Working with our customers to identify their greatest challenges, we developed a portfolio of advances in areas that include:
- Propulsion control and diagnostic software.
- On-board and cloud-based systems and networks.
- Automotive-grade tolerances for all power electronic elements against extremes in climate, vibration, and debris.
Today, we are able to generate and harness the same level of energy needed to power five American homes on just one electrified vehicle.
And, while the size of the power electronics segment today is still small, its year-over-year growth rates are north of 50 percent. By 2025, it’s estimated that 37 million electrified vehicles will be sold annually. That’s 37 million out of 110 million sold globally, according to IHS. By 2030, those numbers grow to 50 million electrified vehicles. Power electronics will account for $2,000 value on average hybrid, plug-in and electric vehicles.
As a result, we now stand poised to capitalize on a $100 billion opportunity.
And we’re not done yet.
We plan to remain all in on power electronics. Our horizon efforts on this path include experimenting with new materials such as silicon carbide; investing in capacitor technologies to boost output and improve thermal management; and crafting “all in one” devices to reduce complexity and deliver better packaging flexibility.
Our end game: Becoming the partner of choice to enable our customers to achieve today the fuel efficiency and emissions targets they will need tomorrow.