BorgWarner agreed to form a joint venture with Shaanxi Fast Auto Drive Group, a China-based market-leading commercial vehicle (CV) parts supplier specializing in transmission and drivetrain systems.
“By jointly working on a high-voltage inverter application for high-efficiency vehicles such as heavy-duty trucks and off-road vehicles, this joint venture will support our business growth for power electronics in the electrified commercial vehicle market,” Stefan Demmerle, president and general manager, BorgWarner PowerDrive Systems, said. “Our strong engineering footprint in China enables us to quickly accelerate product development to commercialize highly efficient inverter technology.”
BorgWarner said it believes bringing together its cutting-edge technology, customer intimacy and deep electrification expertise with Shaanxi Fast Auto Drive Group’s commercial vehicle expertise and customer relationships will support the accelerated growth of electrification in the commercial vehicle space.
Subject to regulatory approval, BorgWarner said it expects to establish the joint venture in the first quarter of 2024.