Why BorgWarner Ditched EV Charging

BorgWarner’s new boss just unplugged their electric car charging business, saying it’s not worth the money right now. The company realized that, with the EV charging market growing slower than expected and competition everywhere, they’d lose $45 million if they kept going. Instead, they’re doubling down on making car parts for booming EV brands in China. If you’re betting on EV charging stocks, maybe hit pause—at least in the US and Europe for now! #EVs #AutoIndustry #BusinessMoves #MoneyTalks #Business