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Allegro MicroSystems Inc (NASDAQ:ALGM) has been selected as the sole Current Sensor IC supplier for Bayerische Motoren Werke AG (OTC:BMWYY) BMW Group's traction inverter systems used in the Battery Electric Vehicles.
Allegro's Current Sensor integrated circuits (ICs) deliver accurate measurement of electrical current flowing through the vehicle motors.
The accuracy enables precise motor control, leading to an enhanced driving experience and an extended driving range by minimizing power losses.
The IC's built-in overcurrent detection and self-diagnostics will help BMW to meet safety and reliability while reducing the number of components used in the traction inverter.
"Our expertise in Hall, TMR, coreless technologies and Automotive Safety Integrity Level (ASIL) rated sensors enables our customers to meet their design targets and accelerate their time to market," said Chief Technology Officer Michael Doogue.
Also Read: EU Investigation Into Chinese EV Subsidies May Backfire, BMW CFO Warns
Price Action: ALGM shares are trading higher by 3.28% at $31.02 on the last check Tuesday.
