BorgWarner Announces 2027 Strategic Goals

BorgWarner announced its "Momentum: 2027" strategy at its 2023 Investor Day, which aims to accelerate sustainable growth and create value. It is expected that by 2027, sales of electric products will exceed $10 billion, accounting for nearly 50% of the company's total sales. The company plans to enhance its market competitiveness by acquiring the electric hybrid system (EHS) business unit of the Eldor Group.