Varroc Engineering has secured a strategic contract to supply AC-bi-directional wall chargers to a leading global electric vehicle OEM. The chargers will be manufactured in Varroc’s Romania facility. The estimated annual business value at peak capacity is $4,391 million (approximately USD 48 million). The program is expected to span six years.
Strategic Partnership for EV Charging Solutions
Varroc Engineering has announced a significant new business win with a leading global electric vehicle (EV) OEM to supply AC-bi-directional wall chargers. This partnership highlights Varroc’s expansion in the electric mobility sector and strengthens its position as a trusted global partner.
Contract Details and Manufacturing
Under the agreement, Varroc will supply Energy Star-compliant AC bi-directional wall chargers, designed for high stability and advanced safety. These chargers will be manufactured at Varroc’s facility in Romania, ensuring high-quality production and timely delivery.
Financial Impact and Future Outlook
The program is expected to span six years. The estimated annual business value at peak capacity is $4,391 million (approximately USD 48 million). This win emphasizes Varroc’s commitment to providing world-class electronics solutions and strengthens its footprint in the global passenger vehicle electronics market, aligning with Varroc’s strategic roadmap to accelerate growth.
Source: BSE
