American tier 1 supplier BorgWarner is expanding its product portfolio for battery electric and hybrid commercial vehicles by forming a joint venture with China-based Shaanxi Fast Auto Drive Group, a leading commercial vehicle (CV) parts supplier specialising in transmission and drivetrain systems.
Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems said, “By jointly working on a high-voltage inverter application for high efficiency vehicles such as heavy-duty trucks and off-road vehicles, this joint venture will support our business growth for power electronics in the electrified commercial vehicle market. Our strong engineering footprint in China enables us to quickly accelerate product development to commercialise highly efficient inverter technology.”
Xuyao Ma, Chairman, FAST Group said, “With solid technology, powerful R&D capabilities and an integrated supply chain, BorgWarner is a well-known global product leader in inverters for new energy vehicles. FAST group is a China-based market-leading solution provider specialising in CV transmission and drivetrain systems as well as high-end intelligent manufacturing equipment. With electrification, connectivity, autonomous driving, and shared mobility transforming the automotive industry in China, the penetration rate of CV in the new energy sector is growing rapidly. The joint venture will increase our customer value by providing state-of-the-art inverter product and propulsion solutions in the commercial vehicle market.”
