BorgWarner Completes Acquisition of Hubei Surpass Sun Electric (SSE) Charging Business
BorgWarner Inc. (NYSE: BWA) has successfully acquired Hubei Surpass Sun Electric's (SSE's) Electric Vehicle Charging Solution, Smart Grid, and Smart Energy businesses. This acquisition is pivotal for BorgWarner, enhancing its electrification capabilities in Asia while strengthening its existing charging infrastructure in Europe and North America. The company views SSE as a strategic fit, aligning with the industry's shift towards electrification. This move is expected to contribute positively to BorgWarner's market position and charging expertise.
- Enhances electrification capabilities in Asia.
- Strengthens existing charging infrastructure in Europe and North America.
- Strategic fit with industry shift towards electrification.
- None.
AUBURN HILLS, Mich., March 1, 2023 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) announced that it has completed its acquisition of Hubei Surpass Sun Electric's (SSE's) Electric Vehicle Charging Solution, Smart Grid and Smart Energy businesses. The acquisition is an important move for BorgWarner's electrification business in Asia and is expected to complement the company's existing charging footprint in Europe and North America.
We believe SSE is an excellent strategic fit as BorgWarner bolsters its charging expertise and footprint, capitalizing on the profound industry shift towards electrification. For more information on BorgWarner's strategic move to complement its existing charging footprint, you can refer to the press release - BorgWarner to Acquire Charging Business of Hubei Surpass Sun Electric (SSE)
About BorgWarner
For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility — to help build a cleaner, healthier, safer future for all.
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SOURCE BorgWarner
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