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. reports developments as a global automotive supplier serving original equipment manufacturers with turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems. Company updates commonly cover OEM program awards for passenger cars, vans, commercial vehicles and off-highway applications, including variable turbine geometry turbochargers, exhaust gas recirculation coolers, controllers and battery management systems.
Recurring news also includes quarterly earnings, shareholder returns, sustainability recognition and BorgWarner's long-running Indianapolis 500 trophy programs. The company's disclosures reflect a supplier portfolio spanning combustion vehicle technologies and electrified mobility components across major automotive markets.
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 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 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 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.
Summary not available.
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.
Summary not available.