BorgWarner said the acquisition of the German battery systems supplier will significantly expand its commercial vehicle electrification capabilities. BorgWarner said the acquisition would “significantly expand its commercial vehicle electrification capabilities.”
Bad planning by suppliers is responsible for shortages of computer chips that has led to production stoppages, a VW executive said.
The startup got an unexpected boost when one of the world’s tech giants started using the same kind of lidar.
The move comes after Velodyne went public last year by merging with a special-purpose acquisition company.
A resumption of full output will take a week, however, which could delay some shipments at a time when carmakers are struggling with a global chip shortage.