(Source: BorgWarner)
"The US car component supplier, BorgWarner acquires Delphi Technologies for US$3.3 billion in an all-stock transaction. This deal will help BorgWarner to focus more on thermal management solution products in passenger hybrid and electric vehicles. The expertise of Delphi Technologies in clean power electronics products will also help to develop better-electrified propulsion system in commercial vehicles and target aftermarket solutions." – Aman Madhok
Key Takeaways:
- The collaboration of two large companies will help in reducing the cost of electrified products, thus reducing the cost of electric vehicles in future.
- In 2019, BorgWarner invested in Romeo Power to develop packs. These investments are indicating that BorgWarner is slowly transitioning to electrified mobility.
- BorgWarner will maintain leading position in power electronics market in Automotive segment with better scalability on production and improved efficiency.