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I have the winter cover also. Only use 32F/OC And below. Looks more like blocking off some of the cooling system then protecting sensors.We have a brand new 2024 Equinox. And in back by the spare tire compartment. There is a cloth cover that is made to go on the bottom part of the front grill to protect the sensors.
You are right, it is to protect the turbo intercooler from freezing. Mine did not come with this, so I bought one. It was @ $20 CAD.I have the winter cover also. Only use 32F/OC And below. Looks more like blocking off some of the cooling system then protecting sensors.