BorgWarner adjusts its business strategy and exits the electric vehicle charging business

BorgWarner recently announced that it will exit the electric vehicle charging business and integrate its battery division to cope with the decline in car sales and the impact of tariffs. The company's revenue in the first quarter was US$3.5 billion, a year-on-year decrease of 2%, and its net profit was US$157 million, a year-on-year decrease of 26%.