Everrati expanding into the U.S. due to EV demand

Everrati Automotive Limited is establishing a base of operations in the United States, alongside the appointment of two key new leadership team members. The company says this strategic expansion follows the commencement of revenue from the U.S. The announcement sees Everrati build on its existing connection with the U.S., as in July 2021, Everrati launched its partnership with Superformance, a U.S.-based manufacturer of 1960s-era continuation component sports cars, with the first new model being an electrified version of the GT40.

To help develop Everrati’s global presence, two new appointments have been made to the company’s senior leadership team: Amit Chandarana as U.S.-based strategic advisor and David Warren as a board advisor.

Everrati-US-Porsche-1400 — Everrati’s Porsche 911

Everrati’s current lineup of models includes:

Porsche 911 (964) Coupe, Targa, Cabriolet in Pure, Signature, and Gulf Signature Editions
Land Rover Series IIA
GT40 in partnership with Superformance, including officially licensed Gulf Edition
Mercedes-Benz W113 SL ‘Pagoda’

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).

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. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).