Production is scheduled to begin in 2027 at BorgWarner's Pyongtaek facility in Korea, ensuring localized support and supply chain efficiency for the regional market. About BorgWarner AUBURN HILLS, Mich., July 31, 2025 /PRNewswire/ -- BorgWarner secured a significant contract with a major East Asian original equipment manufacturer (OEM) to supply turbochargers for their 1.6L engine, primarily for hybrid electric vehicle (HEV) SUV applications in Korea. This win builds on BorgWarner's 18- year partnership sup ...

Core Insights - Tesla's European sales dropped significantly in April, with a 49% year-on-year decline, selling only 7,261 cars, despite a 34.1% increase in overall battery electric car sales in the region [1][2] - The company has faced reputational damage due to CEO Elon Musk's political involvement, leading to protests at dealerships and a nearly 40% year-on-year sales decline from January to April [2][4] - Tesla's competition is intensifying, particularly from traditional automakers and aggressive Chinese companies like BYD, which recently outsold Tesla in Europe for pure electric cars [3] Sales Performance - In April, Tesla's sales in Europe were 7,261 units, marking a 49% decrease compared to the same month last year [1] - For the January-April period, Tesla's sales fell nearly 40% year-on-year [2] Market Dynamics - The overall battery electric vehicle market in Europe grew by 34.1% in April, indicating a shift in consumer preferences [1] - Hybrid electric vehicles now account for over 35% of the total European car market, a segment Tesla does not currently participate in [3] Product Offering - Tesla has not introduced any new mass-market vehicles recently, and its current lineup is considered to be aging [2] - The company only offers full battery-powered vehicles and does not have any hybrid electric cars in its portfolio [3] Leadership Commitment - Elon Musk has stated his commitment to lead Tesla for the next five years, despite concerns regarding his political engagements [5]