Honeywell International Inc. HON , the dominant global developer of automotive turbochargers, announced that it will be showcasing its latest turbocharger developments involving electric boosting at the Frankfurt International Motor Show (IAA).
These new technologies will be relevant to vehicles with internal combustion engines as well as advanced powertrains like hybrids and full electrics using fuel cell technology.
Honeywell believes that turbochargers will play a significant role in electrification as automakers attempt to combine traditional turbocharged internal combustion engines with hybrid powertrains. Electric turbos improve vehicle efficiency and performance through both aspects of a hybrid powertrain.
The diversified conglomerate is deploying electrification through numerous applications, as it believes that electrification of turbochargers will play a huge role in shaping the automotive industry in the coming decades. It is currently working on several applications, including e-charger, e-turbo compounding, full electric turbo and electric air compressor for fuel cells.
For instance, electric air compressors for fuel cells essentially help create electric cars that will power themselves through an internal hydrogen energy station in the vehicle itself.
For over 60 years, Honeywell has been leading the industry in developing turbochargers, which utilize exhaust gases as an energy source, in order to steer more clean air into smaller engines, thus improving a vehicle's fuel economy. Honeywell's extensive resources and deep experience with electric boosting solutions make it uniquely positioned to contribute to future powertrain strategies that require integration of electric and conventional turbo machinery into air-management systems.
From aerospace to automotive turbochargers, Honeywell remains committed to developing electrification technologies that will redefine transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that look promising include Leidos Holdings, Inc LDOS , carrying a Zacks Rank #1 (Strong Buy), along with Engility Holdings, Inc EGL and Northrop Grumman Corporation NOC , carrying a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
