BorgWarner breaks ground in Portugal for new plant
Automotive supplier BorgWarner has broken ground on a new plant in Viana do Castelo, Portugal, which will manufacture electrification products such as electric motors, inverters and battery management systems for a wide range of car manufacturers in Europe.
The plant will partially begin with production in the third quarter of 2022 and is expected to be fully utilised by 2024. The total investment amount to get the plant to full operability will cost 100 million euros. The 17,000-square-meter facility will also house different corporate functions including operations, engineering, quality and purchasing and is expected to create about 300 new jobs locally.
“Europe is a very important manufacturing base for global automakers. Our newest plant is strategically located to serve our customers with localized production and to meet growing demand for electrification products,” said Tony Allen, President and General Manager Europe, BorgWarner PowerDrive Systems. The company also clarified that they consider Portugal a prime location for a number of reasons: “BorgWarner’s investment in a new industrial plant for the electric vehicle segment in Viana do Castelo is a clear demonstration of Portugal’s attractiveness for high value-added projects and a clear commitment to the future of electric mobility,” added the President of AICEP, Luís Castro Henriques.
The company also added that, as a part of its Charging Forward initiative, BorgWarner will accelerate their electrification strategy and has announced plans to grow electric vehicle revenues to approximately 45% by 2030, along with a commitment to achieve carbon neutrality by 2035.
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