Motorcar Parts of America’s D&V Electronics Receives Inverter Test System Order From Taiwanese Agency for Development of Electric Vehicles
May 09 2022 - 8:30AM
Business Wire
Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced
its wholly owned subsidiary D&V Electronics has received an
order for an automated inverter test system from Taiwan’s
Automotive Research & Testing Center (ARTC) to support the
development of electric vehicles and related technologies. Terms of
the contract were not disclosed.
The traction inverter is a critical component in an electric
vehicle’s powertrain system, designed to convert direct current
from the battery to alternating power suitable for driving the
electric motor.
“This prestigious research and testing center is committed to
innovation and safety, including the development of green
transportation solutions, based on internationally recognized
testing standards and certification, and we are proud to have been
selected by ARTC after a rigorous evaluation process,” said Selwyn
Joffe, chairman, president and chief executive officer of Motorcar
Parts of America, Inc.
“As the global electric vehicle market evolves, we anticipate
increasing demand for our technology -- particularly our ability to
support the testing of electric motor inverters used in automotive
and other transportation applications, and the testing of multiple
driveline components at any stage of R&D in the manufacturing
process. We appreciate ARTC’s confidence in our technology and look
forward to future opportunities to work together,” said Bill Hardy,
chief executive officer of D&V Electronics.
ABOUT ARTC
The Automotive Research & Testing Center (ARTC) was
established in 1990 by the Ministry of Economic Affairs together
with the Ministry of Transportation and Communication and the
Environmental Protection Administration. Additional information is
available at www.artc.org.tw.
ABOUT D&V ELECTRONICS
Founded in 1997 and acquired by Motorcar Parts of America in
2017, the electrical vehicle subsidiary, with customers in more
than 90 countries, designs and manufactures testing solutions for
performance, endurance, and production of multiple components in
the electric power train – providing simulation, emulation, and
production applications for the electrification of both automotive
and aerospace industries, including electric vehicle charging
systems. Additional information is available at
www.dvelectronics.com.
About Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer,
manufacturer, and distributor of automotive aftermarket parts --
including alternators, starters, wheel bearings and hub assemblies,
brake calipers, brake master cylinders, brake power boosters,
turbochargers, and diagnostic testing equipment utilized in
imported and domestic passenger vehicles, light trucks, and
heavy-duty applications. Its products are sold to automotive retail
outlets and the professional repair market throughout the United
States, Canada, and Mexico, with facilities located in California,
New York, Mexico, Malaysia, China and India, and administrative
offices located in California, Tennessee, Mexico, Singapore,
Malaysia, and Canada. In addition, the company’s electrical vehicle
subsidiary designs and manufactures testing solutions for
performance, endurance, and production of multiple components in
the electric power train – providing simulation, emulation, and
production applications for the electrification of both automotive
and aerospace industries, including electric vehicle charging
systems. Additional information is available at
www.motorcarparts.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for certain forward-looking statements. The
statements contained in this press release that are not historical
facts are forward-looking statements based on the company’s current
expectations and beliefs concerning future developments and their
potential effects on the company. These forward-looking statements
involve significant risks and uncertainties (some of which are
beyond the control of the company) and are subject to change based
upon various factors. Reference is also made to the Risk Factors
set forth in the company’s Form 10-K Annual Report filed with the
Securities and Exchange Commission (SEC) in June 2021 and in its
Forms 10-Q filed with the SEC for additional risks and
uncertainties facing the company. The company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as the result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220509005289/en/
Gary S. Maier (310) 972-5124
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