Ex-GM EV director added to Nanoramic board

Nanoramic Laboratories, an energy storage and advanced materials company, welcomes Tony Posawatz P.E. to its board of directors. Posawatz is former president and CEO of Fisker Automotive, and former head of electric vehicle development of the Chevrolet Volt at General Motors (GM). Posawatz is also a board director of Lucid Motors.

Posawatz has 40 years of industry experience. He now serves as president and CEO of Invictus iCAR (innovation Consulting Advisory Resources), focusing on the advancement of automotive technology companies, with an emphasis on EVs and cleantech. Posawatz serves as a non-executive director for several public and private companies ranging from EV manufacturers, Tier I suppliers, connected car-tech, energy storage and more. He also advises various private equity and venture capital firms, as well as new mobility initiatives.

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).