BorgWarner wants to join forces with Shaanxi Fast Auto Drive Group

BorgWarner has agreed to form a joint venture with Shaanxi Fast Auto Drive Group, the company reports. The deal is still subject to regulatory approval but could be completed in the first quarter of 2024.

Image: BorgWarner

The companies will work together “on a high-voltage inverter application for high-efficiency vehicles such as heavy-duty trucks and off-road vehicles,” says Stefan Demmerle, President and General Manager of BorgWarner PowerDrive Systems. “Our strong engineering footprint in China enables us to quickly accelerate product development to commercialise highly efficient inverter technology.”

According to BorgWarner, its “cutting-edge technology, customer intimacy, and deep electrification expertise” and Shaanxi Fast Auto Drive Group’s experience in the commercial vehicle sector will help “the accelerated growth of electrification in the commercial vehicle space.”

Shaanxi Fast Auto Drive Group is based in China. The company specialises in CV transmission and drivetrain systems, as well as 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,” says Xuyao Ma, Chairman of Shaanxi Fast Auto Drive Group. “The joint venture will increase our customer value by providing state-of-the-art inverter product and propulsion solutions in the commercial vehicle market.”

About a year ago, BorgWarner announced that it would start supplying 800V silicon carbide-based (SiC) inverters (in addition to its 400V ones) to a major global OEM. However, the new inverters are meant for electric passenger cars and should go into production next year.

prnewswire.com

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