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.
BorgWarner Inc. (NYSE: BWA) is a motor vehicle parts manufacturer that regularly issues news on mobility technologies, electrification programs, financial performance, and corporate developments. Its press releases highlight contracts with global original equipment manufacturers, new product awards, and updates on its transition toward electrified and hybrid propulsion systems, alongside information on dividends and earnings.
Investors and industry followers can use this news feed to review announcements about BorgWarner’s battery systems for fully electric and autonomous shuttles, integrated drive modules for hybrid SUVs, dual inverters for hybrid and plug-in hybrid vehicles, electric motors for new energy vehicles, and high-voltage coolant heaters for plug-in hybrid platforms. The company also reports on all-wheel drive technologies, such as torque-on-demand transfer cases and Cross Wheel Drive systems, as well as turbocharger contracts for hybrid SUV engines and other combustion-related components.
Financial updates are another key element of BorgWarner’s news. The company publishes quarterly earnings releases, guidance ranges, and details on capital allocation, including share repurchases and quarterly cash dividends declared by its Board of Directors. Selected 8-K filings reference these releases and provide context on how the company presents adjusted operating margins, earnings per share, and non-comparable items.
In addition, BorgWarner’s news includes items related to legal settlements, spin-off-related matters, and its longstanding association with the Borg-Warner Trophy for the Indianapolis 500. Readers interested in BWA news can follow this page to review the company’s own descriptions of its contracts, technologies, financial results, and brand-related activities over time.
BorgWarner has secured a significant contract with a major global OEM to provide high voltage generator inverters for an innovative electrified architecture aimed at charging main batteries. These silicon carbide (SiC) inverters are designed for high continuous current and advanced cooling to meet thermal demands. Production is set for 2024, leveraging BorgWarner's scalable power modules, which enable continuous operation at 70% of peak current, outperforming traditional inverters. This contract highlights BorgWarner's commitment to sustainable mobility solutions.
BorgWarner has secured a contract with a Chinese luxury new energy vehicle brand to supply its integrated drive module (iDM) featuring an 800V silicon carbide inverter and hairpin electric motor. This marks BorgWarner's first 800V iDM project, aimed at enhancing electric vehicle range and performance. The iDM220 will be manufactured using fully automated production and is set for production start in 2023. BorgWarner plans to increase electric vehicle revenues to approximately 45% by 2030 and aims for carbon neutrality by 2035.
BorgWarner has secured its first high-voltage (HV) eFan system contract with a major European Commercial Vehicle OEM, aimed at battery-powered long-haul vehicles. Production is set to begin in late 2024, reflecting the company's thermal management expertise and commitment to CO2-neutral solutions in the automotive sector. The eFan system, optimized for efficiency and performance, will be essential for cooling components in electric trucks and is compatible with various high-voltage systems. This win underscores BorgWarner's leadership in thermal management technology amidst evolving emission regulations in Europe.
BorgWarner is partnering with a prominent Chinese OEM to provide its 800V silicon carbide (SiC) inverters for a new high-end battery electric vehicle (BEV) platform. This platform, aimed at mid- and high-end markets, will debut in Q1 2023. The inverters enhance power and performance, allowing the OEM to target the high-end BEV sector. BorgWarner’s robust supply chain management and experience in SiC applications are expected to facilitate agile development for the new models.
BorgWarner has secured its first hydrogen injection system production program for an off-road application, aiding in CO2-free mobility. This system, awarded by a European construction equipment manufacturer, enhances energy efficiency and reduces refueling time, reflecting a favorable total cost of ownership. The company continues to advance in hydrogen technology for various vehicle segments, indicating a strategic shift towards cleaner propulsion options. BorgWarner aims to integrate complete solutions for hydrogen applications, leveraging its expertise in fuel injection systems.
BorgWarner Inc. (NYSE: BWA) has successfully completed its acquisition of AKASOL AG, enhancing its commercial vehicle and industrial electrification capabilities. This strategic move aims to capitalize on the growing battery systems market, with AKASOL contributing approximately $600 million in expected electric vehicle revenue by 2025. The merger aligns with BorgWarner's Project Charging Forward, targeting 45% of total revenue from electric vehicles by 2030. Former AKASOL CEO, Sven Schulz, will continue in a consulting role following the merge, which marks the final step to full ownership.
BorgWarner (NYSE: BWA) announced a deal to acquire Santroll Automotive Components for up to ¥1.4 billion, enhancing its electric vehicle (EV) capabilities. The acquisition includes a ¥1.1 billion initial payment and a potential ¥0.3 billion earnout. Santroll, based in Tianjin, China, specializes in eMotor technology for light vehicles, contributing valuable manufacturing expertise and established customer relationships. The deal aims to bolster BorgWarner's vertical integration and accelerate its market presence in EV solutions, with closing expected in late Q1 2022, pending customary conditions.
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BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.17 per share on February 9, 2022. The dividend will be paid on March 15, 2022 to stockholders of record as of March 1, 2022. As a leader in sustainable mobility solutions, BorgWarner operates in 96 locations across 22 countries and employs approximately 50,000 people globally. This dividend reflects the company's commitment to returning value to its shareholders while continuing to innovate in the vehicle market.
BorgWarner has joined the U.S. Department of Energy's Better Climate Challenge, committing to a minimum of 50% reduction in greenhouse gas emissions over the next decade. This initiative emphasizes energy efficiency and corporate responsibility, with BorgWarner required to report its GHG findings annually. The company aims to become carbon neutral by 2035 and will collaborate with peers like Ford and General Motors. Dr. Volker Weng expressed enthusiasm for sharing solutions to climate challenges as part of a larger clean energy economy effort.