Welcome to our dedicated page for BorgWarner news (Ticker: $BWA), a resource for investors and traders seeking the latest updates and insights on BorgWarner stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BorgWarner's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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BorgWarner secures a contract with a major Chinese OEM to supply its dual inverter with boost function for plug-in hybrid and range extended electric vehicle passenger car platforms. The technology offers high integration, dynamic performance, and flexibility, marking the first 400V dual inverter with boost function for the company. The product is specifically developed for hybrid vehicle models, aiming to support and amplify OEM hybrid vehicle production in China.
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BorgWarner has started eMotor rotor and stator production for XPeng Motors, a leading Chinese Smart EV company. The product will be used on the X9 MPV and XPeng's next electric B-class sedan. The high voltage hairpin (HVH) 220 eMotor offers high power and torque density, higher efficiency at a competitive cost, and outstanding durability. BorgWarner's in-depth product expertise will support XPeng in designing their electric drives.
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BorgWarner has extended its contract to supply 400V high voltage coolant heaters (HVCH) to a major global OEM for use in electric SUVs and passenger trucks. The technology will be manufactured at BorgWarner's Cadillac, Michigan facility and is designed to regulate battery pack temperature and cabin heating in EVs. This is one of three contracts secured with North American OEMs for BorgWarner's HVCH, and the company is the only supplier producing American-made HVCH technology. The HVCH is fast-responding and compact, providing a source of heat for cabin comfort in extreme temperatures down to -40˚C. BorgWarner has also won business for its HVCH technology in other regions, including Europe.
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BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.11 per share of common stock, payable on March 15, 2024, to stockholders of record on March 1, 2024. The company has a history of over 130 years in successful mobility innovation and is currently focused on accelerating the world's transition to eMobility for a cleaner, healthier, and safer future.
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BorgWarner has entered into a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Limited, to be the exclusive non-OEM localized manufacturer of LFP battery packs for commercial vehicles in Europe, the Americas, and select regions of Asia Pacific. The agreement, lasting 8 years, allows BorgWarner to utilize FinDreams Battery's blade cells and intellectual property for battery pack design and manufacturing. This partnership aims to meet the increasing demand for LFP cells and further electrify the commercial vehicle market segment.
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BorgWarner Inc. reported its fourth quarter and full-year results, announcing strategic relationships with FinDreams Battery and Shaanxi Fast Auto Drive Group. The company also completed an acquisition and secured multiple new eProduct awards. The U.S. GAAP net sales for the fourth quarter were $3,522 million, an increase of 6.2% compared to the previous year. Full-year net sales were $14,198 million, showing a 12.4% increase. The company provided a 2024 full year guidance, expecting net sales to be in the range of $14.4 billion to $14.9 billion, with an operating margin expected to be in the range of 8.5% to 8.9%.
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Fermata Energy integrates its V2X services platform with BorgWarner's bidirectional EV chargers, showcasing commitment to renewable energy and promoting wider accessibility while lowering electric vehicle TCO. The integration includes UL certified 60kW and 125kW chargers, accelerating availability of bidirectional technology for medium- and heavy-duty transportation use cases and enabling optimization of V2X bidirectional charging commands with a CCS communication protocol. The company is actively working with automotive OEMs to embed bidirectional charging capabilities, with successful projects showcasing economic benefits and diverse value streams for fleet operators.
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BorgWarner has been named one of Fortune magazine's 2024 World's Most Admired Companies list for the second consecutive year, ranking 4th in the 'motor vehicle parts' category. The accolade reflects the company's talent attraction, retention, social responsibility, and investment value. The list is compiled based on a corporate reputation survey executed by Fortune in collaboration with Korn Ferry, a global organizational consulting firm.
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BorgWarner Inc. (BWA) has announced a webcast for the 2023 fourth quarter and full year results conference call scheduled for February 8, 2024, at 9:30 am Eastern Time. The company aims to accelerate the world's transition to eMobility for a cleaner, healthier, safer future.
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BorgWarner presented Josef Newgarden with the BorgWarner Championship Driver's Trophy™, a miniature replica of the Borg-Warner Trophy® to commemorate his 2023 Indianapolis 500 victory. The awards ceremony was held at the Henry Ford Museum of American Innovation in Dearborn, Michigan. Roger Penske also received the Championship Team Owner's Trophy honoring Team Penske's 19th Indianapolis 500 win. Both trophies celebrate the history and tradition of the race, with Newgarden expressing his honor and excitement to be part of it.
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BorgWarner Inc.
NYSE:BWA
BWA Rankings
BWA Stock Data
8.23B
227.77M
0.63%
99.65%
5.46%
Other Motor Vehicle Parts Manufacturing
Manufacturing
United States of America
AUBURN HILLS
About BWA
driven by our vision of a cleaner, more energy-efficient world, borgwarner is a global product leader in innovative powertrain solutions engineered to improve fuel economy, emissions and performance for engines, transmissions and driveline systems around the world. we are proud of the environmentally friendly technologies we make and how we make them. we actively support the communities where we live and work. and we are always working to enhance the potential of our employees and our company.