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General Category => EV Stocks => Topic started by: Doug S on July 18, 2017, 04:05:59 AM

Title: Sevcon takes another leap
Post by: Doug S on July 18, 2017, 04:05:59 AM

If you own any Sevcon stock, you'll be pleased to note that it jumped 60% today. An announcement has been made that they're going to be acquired by BorgWarner.

Title: Re: Sevcon takes another leap
Post by: BrianTRice@gmail.com on July 18, 2017, 04:13:41 AM

What a bizarre corporate name, but there it is:
https://www.borgwarner.com/en/technologies (https://www.borgwarner.com/en/technologies)

Title: Re: Sevcon takes another leap
Post by: MrDude_1 on July 18, 2017, 08:37:46 AM

So what do you think this means for zero?

Title: Re: Sevcon takes another leap
Post by: Doug S on July 18, 2017, 08:07:57 PM

Quote from: BrianTRice on July 18, 2017, 04:13:41 AM

What a bizarre corporate name, but there it is:
https://www.borgwarner.com/en/technologies (https://www.borgwarner.com/en/technologies)

Really? You're showing your age there, sonny. Borgwarner has been making high-performance transmissions forever. They're a huge favorite in the hot-rodding crowd.

As far as what it means for Zero, I can't imagine it means too much. I'm sure Zero was a valuable customer for Sevcon, and will continue to be for Borgwarner. I suppose there's a slight chance Borgwarner might sink a few more R&D dollars into helping develop niche markets like electric motorcycles, which would be very cool.