DETROIT — BorgWarner Inc. on Tuesday mentioned it targets boosting its share of income from electrical autos to about 45 % by 2030 from lower than 3 % now.

The Auburn Hills, Mich., firm mentioned its plan includes three approaches – profitably scaling electrical gentle autos, increasing into electrical industrial autos and optimizing its combustion-engine portfolio by means of the deliberate disposition of companies with between $3 billion and $4 billion in combination income.

“We imagine the electrification alternative is actual, giant, close to time period and necessary to our sustainability targets,” BorgWarner CEO Frederic Lissalde mentioned in an announcement.

BorgWarner, which was No. 25 on Automotive Information’ international provider rating for 2019 with $10.2 billion in gross sales to automakers, closed its acquisition of Delphi Applied sciences final 12 months. The deal is anticipated to assist higher place the 2 corporations for the shift towards electrification.

Forward of an investor day occasion, BorgWarner mentioned it expects to generate about $4.5 billion in free money move between this 12 months and 2025. The corporate mentioned it goals to realize carbon neutrality by 2035.