# BorgWarner and Shaanxi Fast Auto Drive Group form joint venture

BorgWarner announced plans to form a joint venture with Shaanxi Fast Auto Drive Group to develop high-voltage inverter applications for heavy-duty trucks and off-road vehicles in China. The JV is expected to be established in Q1 2024, pending regulatory approval.

- Type: Acquisition
- Announced: 2024-02-03
- Where: China
- Status: announced
- Products: high-voltage inverters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (partner)
- [Shaanxi Fast Auto Drive Group](https://endata.com/companies/52112.md) (partner)

## Sources

- [fleetequipmentmag.com](https://www.fleetequipmentmag.com/borgwarner-announces-jv-with-chinese-hd-parts-supplier/), 2024-02-03: "This joint venture will support our business growth for power electronics in the electrified commercial vehicle market."

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