The acquisition is an important move for BorgWarner's electrification business in Asia and is expected to complement the company's existing charging footprint in Europe and North America.
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 has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. The company’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America.
“This transaction makes good business sense as we continue to bolster our fast-charging capabilities globally,” said Frédéric Lissalde, President and CEO of BorgWarner. “SSE brings enhanced offerings while supporting Charging Forward, our strategy to accelerate our growth in electrification. We believe SSE is an excellent strategic fit as BorgWarner bolsters its charging expertise and footprint, capitalising on the profound industry shift towards electrification.”
