Borgwarner Inc Stock Price, News & Analysis

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.

BorgWarner has declared a quarterly cash dividend of $0.17 per share, scheduled for payment on September 15, 2021. This dividend will benefit stockholders of record as of September 1, 2021. With a strong presence in sustainable mobility solutions, the company continues to leverage its expertise in the vehicle market and aftermarket services, employing around 50,000 staff across 96 locations in 23 countries.

BorgWarner Inc. (NYSE: BWA) will host its 2021 Second Quarter Results Conference Call on August 4, 2021, at 9:00 AM Eastern Time. The event will be available live via the internet, and interested participants can access it through the company's investor relations page. In case of inability to attend, an archive of the call will be available later. BorgWarner is recognized as a global leader in providing innovative and sustainable mobility solutions, employing approximately 50,000 people across 99 locations in 24 countries.

BorgWarner Inc. (NYSE: BWA) has scheduled its 2021 Second Quarter Results Conference Call for August 4, 2021 at 9:30 AM Eastern Time. The live webcast can be accessed via the company’s investor website. This call will provide insights into the company’s financial performance and strategic direction. For those unable to attend, the call will be archived on the same site. BorgWarner is recognized for its innovative mobility solutions, operating in 99 locations across 24 countries with around 50,000 employees.

BorgWarner Inc. (NYSE: BWA) has completed a tender offer for shares of AKASOL AG, securing 89.08% ownership. This acquisition enhances BorgWarner's strategic position in the electric vehicle market, particularly in battery pack solutions. The company paid €648 million from current cash balances to complete the acquisition, aiming for significant revenue growth as part of its Project Charging Forward, which targets electric vehicle revenues to reach 45% by 2030. AKASOL will operate independently but will integrate into BorgWarner’s Air Management reporting segment.

BorgWarner's integrated drive module (iDM) has been selected by the Hyundai Motor Group for their upcoming A-segment electric vehicles, with production set to begin in mid-2023. This collaboration highlights a two-decade partnership and marks their first electrification project together. The iDM146 system, designed for high-performance, operates at 400V and delivers peak power of 135 kW. It integrates a gearbox, silicon inverter, and motor to enhance efficiency and reduce footprint. This development reflects BorgWarner's commitment to sustainable mobility solutions.