BorgWarner, the world leader in efficient vehicle technology solutions, explained the cornerstones of the roadmap focused on electric vehicles in its production and marketing activities.
In this context, the company aims to increase the revenues of electric vehicles to approximately 2030 percent in 45 with its “Charging Forward” plan. If this is the basis of the plan further expanding the organizational network with new investments and partnerships and developing new technologies for electric vehicles. Making a statement on the subject, BorgWarner Chairman and CEO Frédéric Lissalde said, “It's time to accelerate our transition to electrification as we plan to grow more profitable for the next 10 years! We have been working to take advantage of this opportunity for years and we are confident that we have the necessary scale, portfolio, financial strength and team to be successful ”.
Offering innovative products and services to the global automotive aftermarket, BorgWarner disclosed to the public its transition plan to electric vehicles within its production and marketing plans. With the presentation of BorgWarner President and CEO Frédéric Lissalde, the company's road map and goals in the world of electric vehicles were explained. In the statements made within the scope of the “Charging Forward” plan, BorgWarner aims to increase the revenues of electric vehicles from less than 3 percent of the company's total revenues to approximately 2030 percent in 45. In this direction, it focuses on expanding its product range towards electric commercial vehicles, further expanding its decentralized organizational network, realizing moves that will provide competitive advantage in the transition to electric and offering more innovative technologies.
"We have enough vision and financial power to switch to electricity!"
Evaluating the issue, BorgWarner President and CEO Frédéric Lissalde stated that they aim to grow profitably with the investments and studies to be made in electric vehicles for the next 10 years; “Our company, which has a long history of more than 100 years; It has a success story built on superior product leadership, agility, a decentralized business model, disciplined financial and operational management. It's time to step up our electrification as we plan more profitable growth for the next ten years! We believe that it is very important that our goals are realistic, long-term, short-term and sustainable in the opportunity to switch to electricity. We have been working to take advantage of this opportunity for years and we are confident that we have the scale, portfolio, financial strength and team to be successful. ”
At BorgWarner, all investments are for a clean and electric future!
BorgWarner's investments and studies on electric vehicles; It is moving forward with a vision of a clean and energy efficient world, including a commitment to be carbon neutral by 2035. BorgWarner, which has significantly expanded its business areas with the investments it has made, continues to focus on maintaining its double-digit margin performance. In this context, it is expected that a free flow of approximately 2021 billion dollars will be created within the company between 2025 and 4,5. With the additional capital to be acquired, this growth; It will further strengthen BorgWarner's position in the world of electric vehicles through various new mergers, acquisitions and organic investments.