BorgWarner and Shaanxi Fast Gear establish joint venture to accelerate commercial vehicle electrification

BorgWarner, a company that performed well in 2023, announced the establishment of a joint venture with Shaanxi Fast to accelerate its electrification layout in the commercial vehicle field. The joint venture will achieve growth in its power electronics product line business in the electric commercial vehicle market by jointly developing controller applications for commercial vehicles such as heavy trucks and engineering vehicles.