China Shandong Network - Perception Shandong, February 18, 2018 - Mr. Yang Hongyong, General Manager of BorgWarner Fuel Systems (China), and his party went to Yantai Fushan to discuss investment project cooperation and conduct in-depth consultations on the construction of new projects from 2022 to 2025 in Yantai Plant. The main leaders of the district party committee and the district government participated in the negotiations.
BorgWarner's Yantai plant plans to further increase investment in the construction of diesel EFI system production lines and natural gas engine injection systems within five years, and is expected to increase sales by more than 1.5 billion yuan in the year after the completion of the project. In addition, BorgWarner Fuel Injection Systems already has the ability to develop hydrogen fuel engine injection systems.
BorgWarner Corporation (NYSE: BWA) is an American auto parts supplier headquartered in Auburn Hills, Michigan. With manufacturing and technology centers in 96 locations in 24 countries and approximately 50,000 employees worldwide (as of February 23, 2021), BorgWarner is one of the world's largest suppliers of automotive parts and one of the top 25 suppliers to the global automotive industry. As a leading global supplier of drive systems for internal combustion engines, hybrids and electric vehicles, the Group is currently developing and researching clean and efficient future vehicle technology, especially for hybrid and electric vehicles.
At the meeting, the two sides reviewed the operation of BorgWarner Fuel Systems (Yantai) Company's Yantai plant in 2021, discussed the company's business development plan for 2022, and conducted in-depth consultations on the construction of new projects and investment plan nodes to reach a preliminary cooperation intention. In the next step, the two sides will further communicate the cooperation mode and details, and strive to put the project into production as soon as possible.