BorgWarner has announced that it has completed the 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.
Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries.
Frédéric Lissalde, President and CEO of BorgWarner, said, ”This transaction makes good business sense as we continue to bolster our fast-charging capabilities globally. SSE will bring enhanced offerings while supporting Charging Forward, our strategy to accelerate our growth in electrification. We look forward to welcoming their talented team to BorgWarner.”
Also Read
BorgWarner Morse Systems India Thinks Flexibility With New Plant