BorgWarner Grows EV Portfolio with Rhombus Energy Acquisition

BorgWarner Inc. has acquired Rhombus Energy Solutions. Headquartered in San Diego, Rhombus offers V2G and Underwriters Laboratory-certified charging. It supplies its patented technology to electric vehicle (EV) OEMs, including Proterra, and charging and grid service providers. The transaction has an enterprise value of up to $185 million, which is being funded primarily with cash balances. […]

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