120 days ago • Posted by William Ramstein
BorgWarner sees share prices slide-- EV projections are not ambitious enough for investors.
BorgWarner, the automotive supplier company announced it would be prepared to take on the EV trend--investors did not agree and the stock price slid drastically. It seems investors expected more from the supplier stating other companies like GM as examples for more ambitious projects to invest in. The company said it aims to boost revenue generated from EVs to about 45% of the total by 2030, up from the current 3%.