We aim to accelerate our electrification strategy, increase the revenue from electric vehicles, and achieve carbon neutrality by 2035. This is reflected by our Charging Forward 2027 strategy, which underscores our commitment to meet the pace of electrified vehicle adoption, while leveraging our foundational product strengths. It includes the continued support of our employees and collaboration with industry partners in pursuit of a clean, energy-efficient world. Come along with us on our journey and read about our more than 130 years of expertise.
In 2023, BorgWarner unveiled its new logo. It is a visual representation of the company’s mobility transformation – it is future-focused, dynamic and signals a new chapter in BorgWarner’s long and proud history. It signifies the tremendous progress we have made in transforming BorgWarner from a leader in conventional propulsion technologies to a leader in mobility, including electric mobility.
The recently completed spin-off is just the latest step in BorgWarner’s journey to electrification. Following the separation, BorgWarner consists of its current e-Propulsion & Drivetrain and Air Management segments. We believe this transaction positions the company to be a market leader in EV propulsion and allows us to focus resources on attractive organic and inorganic EV opportunities.
Since the announcement of our Charging Forward strategy in 2021, we have completed five important acquisitions that have expanded our EV portfolio and that we expect to drive future growth: AKASOL, Santroll, Rhombus, DriveTek and Hubei Surpass Sun Electric.
Learn more about our recent acquisition
We completed important acquisitions that have expanded our EV portfolio and that we expect to drive future growth. Not only did the 2020 acquisition of Delphi Technologies add industry leading power electronics, software, and scale to BorgWarner offerings, acquisitions of Akasol, Santroll Light Vehicle eMotor Business, Rhombus, Drivetek and Hubei Surpass Sun Electric contribute to establishing our position as a leading manufacturer and OE supplier for electrification solutions.
Likewise, our collaboration with Onsemi, a joint venture with Shaanxi Fast Auto Drive Group and a recent agreement with FinDreams Battery regarding LFP battery packs contribute to that goal.
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Our Global Footprint
In 1880 the Morse Equalizing Spring Company, a forerunner of Morse Chain, is founded. The Borg-Warner Corporation is formed in 1928. Founding companies include Borg & Beck, Marvel-Schebler, Warner Gear and Mechanics Universal Joint.