Hanon Systems on Electric Vehicles

Expectations for platform-driven top-line growth

The increasing utilization of platforms should allow component suppliers with high revenue exposure to key platforms to expand their market presence.

Hanon Systems supplies electric compressors for Volkswagen’s MEB EV platform; we expect electric compressor revenue to increase further, once Ford adopts the platform.

Electric compressors will yield higher margins than conventional compressors, once scale is achieved.

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