BorgWarner completes acquisition of Hubei Surpass Sun Electric
Suscríbete

BorgWarner completes acquisition of Hubei Surpass Sun Electric

Sin título
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. Photo: BorgWarner
|

BorgWarner and Hubei Surpass Sun Electric (SSE) today announced that they have entered into an Equity Transfer Agreement under which BorgWarner has agreed to acquire the Electric Vehicle Solution, Smart Grid and Smart Energy businesses of SSE. The transaction has an enterprise value of up to RMB 410 million, of which approximately RMB 267 million would be delivered at or soon after closing. Up to RMB 143 million could be paid in the form of contingent payments over approximately two years following the closing.


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. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million.

The transaction is subject to satisfaction of customary closing conditions and SSE shareholder approval. The closing is expected in first quarter 2023.


“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 will bring enhanced offerings while supporting Charging Forward, our strategy to accelerate our growth in electrification. We look forward to welcoming their talented team to BorgWarner.”


Lea esta noticia en castellano




Wolfgang

Hyundai Motor Europe ha anunciado el nombramiento de Wolfgang Reichold como vice president of the European Regional Safety Office. 

003

+Industry 2023 llega a su fin con la participación de más de 11.800 visitantes y un balance altamente positivo. 

D5c8d22cc8e0c06e818da437a5925fd51c4618aa

DS Design Studio ha presentado M.i. 21. Este manifiesto innovador, desarrollado por el equipo de diseño de DS, encapsula la visión de la marca para los futuros interiores de sus vehículos. 

Francisco Segura 2

El presidente de AVIA, Francisco Segura, ha valorado de manera positiva la información aparecida en un conocido medio de comunicación valenciano, relacionada con la posibilidad de que una multinacional de automoción realice una inversión de 4500 millones de euros en la Comunitat Valenciana.

Punto de recarga de Powerdot

Autocharge es una funcionalidad que permite a los usuarios activar automática una recarga apenas conectando el vehículo a un punto de carga

Empresas destacadas