BorgWarner To Supply Integrated Drive Module For Leading Chinese OEM's Hybrid Vehicles
Portfolio Pulse from Happy Mohamed
BorgWarner, a global leader in sustainable mobility solutions, will supply a new integrated drive module (iDM) to a leading Chinese OEM. The iDM, which enhances the overall hybrid driving experience through improved efficiency, is expected to start production in Q2 2024 at BorgWarner's Wuhan, China plant.
August 04, 2023 | 11:06 am
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BorgWarner's new partnership with a leading Chinese OEM to supply integrated drive modules for hybrid vehicles could potentially boost its revenues and market position in the hybrid vehicle sector.
The news of BorgWarner supplying its iDM to a leading Chinese OEM is directly relevant to the company and its investors. This partnership could potentially increase BorgWarner's revenues and strengthen its market position in the hybrid vehicle sector, which is a growing market. Therefore, this news is likely to have a positive impact on BorgWarner's stock price in the short term.
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