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BorgWarner targets $4.5B in EV revenue by 2025, invests $500M in Wolfspeed

BorgWarner technical center. BorgWarner designs and builds transmissions as well as components for electric vehicles.

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BorgWarner Inc. (NYSE:BWA) said it aims to reach $4.5B in EV revenue from less than $350M in 2021 in an announcement on Wednesday.

The ambitious aim was outlined alongside an announcement of a $500M investment in semiconductor company Wolfspeed

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