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 a significant contract with a major OEM to deliver high voltage silicon carbide (SiC) inverters for battery electric vehicles (BEVs). This marks the company's largest SiC inverter win and the first in North America. The inverters, developed from the Viper family of scalable power modules, offer advantages such as low mass, high efficiency, and scalability. Production is expected to commence in 2024. This win reinforces BorgWarner's commitment to the electric vehicle market and strengthens its longstanding customer relationship.
BorgWarner has secured a contract to supply a cutting-edge, high-voltage silicon carbide (SiC) inverter to a major German automaker for their upcoming electric vehicles. The 800V SiC inverter enhances power density and efficiency, resulting in a significantly improved electric vehicle range and driving performance. This technology is part of BorgWarner's Charging Forward initiative, which aims to boost electric vehicle revenue to approximately 45% by 2030 and achieve carbon neutrality by 2035.
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BorgWarner announced that its 400V Silicon Carbide (SiC) inverter has been chosen to power several battery electric vehicles for a European OEM. This inverter features dual-sided cooled power switches, leading to enhanced vehicle performance and range. Production is set to begin in 2023. The SiC inverter offers a lightweight design, reduced costs, and a 70% reduction in switching losses compared to traditional silicon-based inverters. This aligns with BorgWarner's electrification strategy, targeting 45% of revenue from electric vehicles by 2030 and achieving carbon neutrality by 2035.
BorgWarner has secured a partnership with a German OEM to supply its HVH250 electric motors for a new heavy-duty truck model. Each truck will feature two HVH motors per axle, delivering peak power of 175 kW and 425 Nm of torque. The HVH250 motor boasts over 95% efficiency and has been in production for over 10 years. This move reinforces BorgWarner's leadership in commercial vehicle electrification.
Additionally, the company offers various electric vehicle technologies, including drive modules and battery packs, further solidifying its commitment to sustainable mobility solutions.
BorgWarner has received a $4.97 million award from the U.S. Department of Energy for developing a Scalable Ultra Power-dense Extended Range (SUPER) inverter. This project is part of a larger initiative where $60 million is allocated to 24 projects aimed at reducing CO2 emissions in transportation. The project will last 39 months, focusing on creating a smaller, more efficient inverter for electrified vehicles, targeting a power density of 100kW per liter. BorgWarner collaborates with several partners, including Infineon Technologies and Virginia Tech.
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BorgWarner's integrated P3 hybrid drive module will power various SUVs for a major European OEM, enhancing fuel economy and reducing CO2 emissions. Custom-designed, it features a permanent magnet motor, power electronics, and advanced software controls, achieving peak power of 25 kW. This compact solution aims for an August 2023 release, supporting BorgWarner's position in the hybrid and electric market.
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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