AUBURN HILLS, Michigan., November 30, 2021 / PRNewswire / – BorgWarner, a global product leader providing innovative and sustainable mobility solutions for the vehicle market, has joined the Clean Energy Buyers Alliance (CEBA) as a ‘Big Energy Buyer’ member to support its commitment to sustainability and the environmental vision of a clean and energy efficient world. The alliance of leading clean energy buyers, developers and service providers seeks to open the market for energy consumers to lead a rapid transition to a cleaner, prosperous and carbon-free energy future.

“BorgWarner is proud to join CEBA, the largest group of clean energy buyers in United Statessaid Dr. Volker Weng, Vice President of BorgWarner Inc. and President and CEO, Champion of the Drive Systems and Sustainability Steering Committee. “The CEBA network’s vast knowledge base will be a valuable asset to tap into as we explore the range of clean energy options that exist and actively work to become carbon neutral in our operations by 2035.”

The CEBA community leverages expertise and peer-to-peer knowledge sharing, policy and regulatory advocacy, and foundational educational resources to accelerate the supply of renewable energy. It includes more than 270 companies, 77 of which are on the Fortune 500 list. With the membership of BorgWarner, it joins industry leaders in demonstrating their commitment to collectively achieving a cleaner energy future.

By becoming a member of the alliance, BorgWarner obtains access to many assets to support its environmental sustainability journey, including educational materials for all members of the company, collaboration on innovative solutions, exclusive events, networking with other industry experts; and the ability to share and amplify the company’s market leadership across the industry.

“One of the best things about CEBA is the community of environmentally conscious people and businesses coming together in an open forum to discuss the future and how we can collectively make a difference in the outlook for clean energy, ”Weng continued. “We look forward to collaborating with our peers, learning from others and sharing best practices to reduce carbon emissions and create a net zero economy.”

BorgWarner officially became a member of CEBA on October 1, 2021.

About BorgWarner

BorgWarner Inc. (NYSE: BWA) is a global product leader providing innovative and sustainable mobility solutions for the vehicle market. Leveraging its original equipment expertise, BorgWarner also offers market-leading product and service solutions in the global aftermarket. With manufacturing and technical facilities at 96 locations in 23 countries, the company employs approximately 50,000 people worldwide. For more information, please visit borgwarner.com.

About CEBA

Clean Energy Buyers Alliance (CEBA) is a national association for large-scale energy buyers seeking to procure clean energy in the United States With over 270 members from commercial and industrial sectors, nonprofit organizations , along with energy providers and service providers, CEBA is working to create a resilient, zero-carbon energy system. CEBA members represent more than $ 6 trillion in annual revenues and over 14 million employees in the United States. CEBA’s goal is to catalyze 60 gigawatts of new renewable energy projects by 2025 and unlock the energy market for all large-scale energy buyers by creating viable supply routes.

Forward-looking statements: This presentation may contain forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995, which are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipate”, “believe”, “continue”, “could”, “designed”, “effect”, “estimate”, “evaluate”, “discount”, “foresee”, “objective”, “orientation” , “” Initiative “,” intention “,” may “,”,, “,”, “,”, “,”, “,”, “,” “when”, “will be”, “would be”, and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, all statements, other than statements of historical fact contained or incorporated by reference in this presentation that we anticipate or anticipate, will occur or may occur. produce in the future regarding our financial condition, business strategy and measures to implement this strategy, including changes to operations, competitive forces, objectives, expansion and growth of our business and our operations, plans, references to our successes future and other matters of this type are forward-looking statements. Accounting estimates, such as those described under “Critical Accounting Policies and Estimates” in Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2020 (“Form 10-K”), are inherently forward-looking. All forward-looking statements are based on assumptions and analyzes we have made in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors that we deem appropriate in circumstances. Forward-looking statements are not guarantees of performance, and the Company’s actual results may differ materially from those expressed, projected or implied in or by forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, which could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: availability and prices of commodities; competitive challenges from existing and new competitors, including OEM customers; the challenges of rapidly evolving technologies, particularly with regard to electric vehicles, and our ability to innovate to meet them; uncertainties regarding the extent and duration of impacts from issues associated with the COVID-19 pandemic, including additional production disruptions; the inability to realize the expected benefits of the acquisition of Delphi Technologies PLC which we completed on October 1, 2020; the inability to realize the expected benefits of the AKASOL acquisition or a delay in the ability to realize these benefits; failure to successfully execute on a timely basis our private equity strategy with respect to AKASOL; the difficulty of forecasting the demand for electric vehicles and the growth of our electric vehicle revenues until 2030; the ability to identify targets and complete acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions; the ability to identify appropriate combustion portfolio activities for phase-out and to complete planned divestitures on acceptable terms; the inability to integrate acquired businesses quickly and efficiently; the potential for unknown or invaluable liabilities associated with the acquired businesses; our dependence on the production of automobiles and trucks, both of which are highly cyclical and prone to disruption; our dependence on major OEM customers; fluctuations in interest rates and foreign currency exchange rates; availability of credit; our reliance on key management; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or future legal proceedings, including disputes relating to various claims; future changes in laws and regulations, including, by way of example, tariffs, in the countries in which we operate; the impacts of any future acquisition or disposal transaction; and other risks, including, by way of example, pandemics and quarantines, noted in our reports to the Securities and Exchange Commission, including Section 1A, “Risk Factors” in our last Annual Report filed on Form 10-K and / or Quarterly Report on Form 10-Q. We assume no obligation to update or publicly announce updates or revisions to any of the forward-looking statements in this presentation to reflect any change in our expectations or any change in events, conditions, circumstances or assumptions underlying the statements.

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