BorgWarner Announces New JV for Business Growth in the Chinese Electric Commercial Vehicle Market

BorgWarner is continuing to expand its product portfolio for battery electric and hybrid commercial vehicles by agreeing to form a joint venture with Shaanxi Fast Auto Drive Group, a China-based commercial vehicle (CV) parts supplier specializing in transmission and drivetrain systems.

BorgWarner believes bringing together its 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 expects to establish the joint venture in the first quarter of 2024.