Borgwarner with 2.The US $200 million (about 1.4 billion yuan) acquisition of Tianjin Songzheng Auto Parts Co., LTD. (the business was originally divested from Songzheng shares) was formally completed today。 Founded in 2001, Tianjin Songzheng is committed to various drive system technologies。The company's products are widely used in new energy commercial vehicles, engineering vehicles, electric ships, electric heavy duty drones, rail transit, intelligent distribution, service robots, electric bicycles, construction machinery, port and airport special equipment and other fields。The acquisition target is Songzheng's new energy passenger car flat line motor division。Tianjin Songzheng Auto Parts Co., Ltd. history: At present, Tianjin Songzheng Auto Parts Co., Ltd. has more than 400 employees，The main business is new energy passenger car flat wire motor，It has more than 200 domestic and foreign patents，The number of patents in the field of flat wire motor ranks among the top three in the world，For the flat line motor product research and development, process research and development, automated manufacturing equipment research and development as one of the enterprises。 As one of the world's largest automotive parts suppliers, BorgWarner ranks among the top 25 suppliers to the global automotive industry, with full-year sales of 148 percent in 2021.$3.8 billion。Beginning in 2015, BorgWarner quickly responded to the need for electrification in the automotive industry, with 9.$500 million acquisition of Remi International, a century-old motor company;In 2020, it will complete the acquisition of Delphi Technologies for $3.3 billion。The acquisition of Tianjin Songzheng Passenger car flat wire motor business will further complement BorgWarner's motor product line, the acquisition also reflects the commercial value of Tianjin Songzheng passenger car flat wire motor division, Songzheng's comprehensive advantages of product, process and automation research and development capabilities have also been recognized internationally。"Technology is not exhausted, energy is not exhausted", Tianjin Songzheng, to meet the global era of electrification, to be a leader in the electric drive industry!

Recently, the 2021 China Employers of the Year list was announced, Tianjin Songzheng won the 2021 China Employers of the Year award in Tianjin TOP30, ranked 18, won the "2021 China Employers of the Year"。Today, Tianjin Pine is invited to participate in the Best Employers award ceremony。 "China's Best Employer of the Year" was jointly launched by Zhaopin.com and Peking University Social Survey Research Center in 2005，Harvard Business Review, HR Association and other institutions participated in the organization and review，It is designed to be selected by professional scientific investigation，Discover and excavate Chinese employer brand benchmark enterprises，At the same time, it also provides job seekers with effective criteria of "good employer" and "good job"，Achieve "win-win" development for employers and employees。 As one of the representative enterprises in the new energy electric drive industry, Tianjin Songzheng attaches great importance to talent training, maximize the value of employees, always adhering to the concept of "technology is not exhausted, energy is not exhausted", adhere to the "integrity" attitude of employment, to meet the global era of electrification。In the future, we look forward to more outstanding talents joining Songzheng, going both ways together in the workplace, creating more new possibilities for the society, and we "go to the future together".。