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's Arvis Williams has been honored with induction into the 2021 Women in Manufacturing Hall of Fame, acknowledging her significant contributions to the manufacturing sector and advocacy for women. With over 30 years of experience, Williams leads 29 plants across 17 countries. Her leadership is celebrated for driving performance and promoting diversity. The recognition took place during WiM's 11th annual SUMMIT in Cleveland on October 6, 2021.
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BorgWarner has enhanced its collaboration with HYCET Transmission Technology by supplying a triple-clutch P2 drive module and hydraulic control unit for Great Wall's Haval and WEY brands. This partnership supports the first 9-speed P2 9HDCT hybrid transmission for HYCET's 'I-Era 2.0' powertrain, aimed at improving vehicle efficiency and performance. The innovative P2 module integrates up to three clutches and features a compact design for easy installation, meeting the growing demand for hybrid vehicles. Mass production of these vehicles is expected by January 2022.
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BorgWarner's leadership attended the grand opening of AKASOL's Gigafactory 1 in Darmstadt, Germany, on August 16, 2021. This factory, the largest in Europe for commercial vehicle battery systems, emphasizes BorgWarner's strategic move toward electrification. Following the acquisition of AKASOL in June 2021, BorgWarner holds an approximate 93% stake, aiming for full ownership by mid-2022. Through its Project Charging Forward, BorgWarner targets generating about 45% of revenue from electric vehicles by 2030, with AKASOL contributing significantly to this initiative.
BorgWarner has made a Series C equity investment in CelLink Corporation to enhance its electrification strategy. Announced on August 16, 2021, this investment supports BorgWarner's goal of achieving 45% of total sales from EV technology by 2030. CelLink specializes in flexible circuits that are ideal for automotive applications, improving efficiency in battery packs and vehicle wiring. BorgWarner's Chief Technology Officer stated this collaboration will strengthen their competitive edge in the evolving market.
BorgWarner has secured contracts to supply dual inverters for hybrid and plug-in hybrid vehicles from two leading Chinese OEMs, greatly enhancing its position in China's mobility market. The dual inverters will be employed in GWM's LEMON platform and by another major OEM in their HEV and PHEV models. This project marks a significant milestone for BorgWarner and GWM, showcasing advanced technologies that promise improved fuel efficiency and performance. Production is already underway for GWM's models, indicating a strong demand for electrification solutions in the region.
BorgWarner reported strong second-quarter results for 2021, with U.S. GAAP net sales of $3.76 billion, a 164% increase year-over-year. Adjusted net earnings per diluted share rose to $1.08, up significantly from a loss of $(0.14) in Q2 2020. The acquisition of Delphi Technologies and global market recovery contributed to this growth. The company projects full-year net sales between $15.2 billion and $15.6 billion, anticipating a year-over-year organic sales increase of 14% to 17%.
BorgWarner has partnered with ZEEKR, part of Geely Holding Group, to supply its High-voltage Coolant Heater (HVCH) for the ZEEKR 001 electric sedan. This technology enhances battery energy performance by maintaining optimal temperature, leading to improved driving range and passenger comfort. The HVCH is designed for high performance with a power range of 3 to 10 kW and is set to begin production in the second half of 2021, reinforcing BorgWarner's position in the growing EV market.
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