# BorgWarner to acquire charging business of Hubei Surpass Sun Electric

BorgWarner agreed to acquire the Electric Vehicle Solution, Smart Grid and Smart Energy businesses of Hubei Surpass Sun Electric for an enterprise value of up to RMB 410 million. Closing expected in Q1 2023.

- Type: Acquisition
- Announced: 2022-09-20
- Where: Xiangyang, Hubei province, China, China
- Value: $58.0M (410.0M CNY)
- Status: announced
- Products: electric vehicle charging solutions, smart grid, smart energy
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (acquirer)
- [Hubei Surpass Sun Electric](https://endata.com/companies/65393.md) (target)

## Sources

- [borgwarner.com](https://www.borgwarner.com/newsroom/press-releases/2022/09/20/borgwarner-to-acquire-charging-business-of-hubei-surpass-sun-electric-(sse)), 2022-09-20: "This transaction makes good business sense as we continue to bolster our fast-charging capabilities globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.