BorgWarner achieves record performance in 2021 with revenue of US$14.838 billion

BorgWarner's 2021 financial report shows that its annual sales reached US$14.838 billion, a year-on-year increase of 46%. The company implemented the "Accumulate Momentum and Move Forward" strategy to accelerate its transformation to electrification. It is expected that the proportion of electric sales will reach 25% by 2025 and increase to 45% by 2030. BorgWarner acquired Tianjin Santren Auto Parts to strengthen its layout in the local electrification market in China. In addition, BorgWarner successfully acquired Germany's Akasol to improve its power sector. The company has received a number of new orders involving multiple new energy vehicle brands and models.