BorgWarner has invested in CelLink Corporation
for its technology investments as well as its Charging Forward electrification
strategy that was announced during the company’s Investor Day earlier this
BorgWarner unveiled its goal of
having 45% of its total sales generated from EV technology in 2030 by
accelerating its shift toward electrification. As part of its strategy, the
company is enhancing its focus on technologies as well as partnerships and
investments that support customers as they make the shift to electrification.
Harry Husted, Chief Technology
Officer, BorgWarner, Inc, said that, CelLink’s superior circuit technology is
well suited for a wide range of automotive applications, with great potential
for battery packs and next-generation vehicle wiring, and closely aligns with BorgWarner’s
Charging Forward strategy.
BorgWarner’s investment will support
CelLink’s next phase of growth, in which it expects to expand its manufacturing
capacity. In recent years, BorgWarner has strategically and deliberately grown
its electrification portfolio through investments, acquisitions and
partnerships with companies like CelLink. BorgWarner became an investor of
CelLink on June 11, 2021.
BorgWarner Inc. is a global product
leader in delivering innovative and sustainable mobility solutions for the
vehicle market. Building on its original equipment expertise, BorgWarner also
brings market leading product and service solutions to the global aftermarket.
CelLink, founded in 2012 by Kevin Coakley and Malcolm Brown,
and joined in 2015 by Bruce Graham, manufactures the world's largest and most
electrically and thermally conductive flexible circuits. The company's products
are ideally-suited to power and signal transmission applications including
automotive wiring, battery packs, LED lighting, photovoltaics, and other
devices. CelLink was originally funded through a 2014 US Department of Energy
Source: BorgWarner Press Release
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