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EV sector was through the Tier One component and system suppliers rather than through start-ups that are only making their first attempt at manufacturing.
The electrification revolution is happening. For a long time that was far from certain. If we are in fact going to build tens of millions ov EVs per year the world will need real industries with the scale and engineering to do that reliably and profitably. BorgWarner has the resources in engineering, facilities, cash, connections, and experience to make that happen.
This is a long term play. Expect lots of ups and downs along the way (See the latest chip shortage news) but I bet you wish now that you had bought Ford back when it was in the midst of reorganizing and sold in the $8 range.
Particularly interested in forward looking comments in light of the recent successes with their products and the agreements regarding potential future sales with various OEMs.
• Borg Warner : ( $BWA )
• Dana Inc. Commercial Vehicle Drive and Motions Systems. (Photo: Dana Inc.)In China, where Dana has 23 operations and 6,750 employees, it saw the bus market seeking green solutions as cities sought to reduce smog.
• "Since 2018, we've invested $300 million in strategic acquisitions and partnerships
• Heritage Environmental Services, Inc. ("HES"), a leader in environmental and recycling services,
• US Ecology Inc. (NASDAQ-GS: $ECOL), a leading provider of environmental services,
• Republic Services, Inc. (“Republic Services”) (NYSE: RSG), a leader in recycling and solid waste solutions, with a fleet of 16,000 vehicles, now Romeo Power ( $RMO ).
A little company looking to run with the big dogs...
https://hillcrestenergy.tech/news/2021/11/hillcrest-achieves-technical-proof-of-concept-for-high-efficiency-inverter/