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Mergers & Acquisitions

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Electric Charging

BorgWarner to buy Chinese electric charging business

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By Luke Willetts - 8th October 2022

SSE chargers at Shanghai Pudong International Airport

China / USA – CV powertrain components giant, BorgWarner Inc of Auburn Hills, Michigan, USA, has announced it has agreed terms to buy Chinese electric vehicle charging infrastructure producer, Hubei Surpass Sun Electric Co Ltd (SSE) of Xiangyang, Hubei province for USD 57 million.

The transaction, which is expected to conclude in the first quarter of 2023, includes the purchase of SSE’s Electric Vehicle Solution, Smart Grid and Smart Energy businesses.

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