Announced
Financials
Tags
Private
Friendly
China
charging solutions
Pending
Acquisition
Cross Border
electric vehicle charging solutions
Auto Technology
Majority
Single Bidder
Synopsis
BorgWarner, an American automotive supplier, agreed to acquire charging business of Hubei Surpass Sun Electric, an electric vehicle charging solutions company, for $58m. "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," Frédéric Lissalde, BorgWarner President and CEO.
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