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    Electrical steel production in US far from sufficient to support OEMs’ electrification goals
    According to S&P Global Mobility, hybrid and electric light vehicle production in the United States is forecast to grow at a compound annual growth rate (CAGR) of 17% between 2023 and 2030 to 9.8 million units. This is also going to drive demand for EV motors (e-motors) in the country, which we forecast will grow at a CAGR of 20% over the same period to 14 million units. Besides its application in other industries, electrical steel is also used in the manufacturing of e-motors and charger...
    Insights
    Our battery technology delivers a platform for manufacturing efficient, affordable EVs: OneD Battery Sciences
    S&P Global Mobility: How was OneD Battery Sciences established? Please tell us about the origin of ‘SINANODE’ platform. Vincent Pluvinage: I have lived in the Silicon Valley since 1987, and I have taken a couple of companies public. Since 2001–02, I have been active in Silicon Valley as an investor, mainly focusing on innovative technologies, where I can use my physics and bioengineering background, to bring to market technologies that are well patented. I am an inventor at heart...
    Insights
    Automotive suppliers may resort to layoffs if UAW strikes continue in the US
    Automotive component suppliers are preparing for potential layoffs if the United Auto Workers (UAW) continues to hold strikes against General Motors, Stellantis and Ford Motor Co., disrupting production and supply chain operations in the US, according to a news report published by Automotive News on September 15. The report said that automotive suppliers are closely monitoring the evolving situation and are working on a plan to deal with prolonged work stoppage. The UAW, the labor union which...
    News
    BorgWarner’s emissions-reduction goals validated by the SBTi
    US-based auto supplier, BorgWarner, said the Science Based Targets initiative (SBTi) has validated its goals to reduce absolute Scope 1 and 2 greenhouse gas emissions by 85% by 2030 from a 2021 base year, and to reduce absolute Scope 3 GHG emissions by 25% by 2030 from a 2021 base year. The company submitted its Scope 1, 2 and 3 near-term targets for validation to the SBTi in December 2022. Since then, BorgWarner has accelerated its target for Scope 3 emissions reduction of 25% from...
    News
    IAA Mobility 2023: BorgWarner to showcase innovative EV products
    Aiming to engage with industry stakeholders with its new electric vehicle product portfolio, US auto supplier BorgWarner is geared up to showcase its growing, innovative product portfolio that supports automotive manufacturers in their electrification transformations at the Internationale Automobil-Ausstellung (IAA) Mobility 2023. The company will take advantage of the event to highlight its progress on strategic objectives and the continuous evolution of its efficient technology solutions fo...
    News
    BorgWarner to supply e-motor stator, inverter to a major East Asian OEM
    BorgWarner announced August 2 that it has won a major order from an East Asian original equipment manufacturer to supply its electric-motor stator and inverter for the automaker’s new electric vehicle platform. The EV platform is scheduled to enter production by mid-2025, it said. Although BorgWarner did not name the East Asian automaker, it said that the two companies have been sharing a technological partnership for more than two decades. As a result, BorgWarner is fully equipped with an ...
    News
    BorgWarner to supply new integrated drive module to a leading Chinese carmaker
    Michigan-based automotive component supplier BorgWarner will supply a new integrated drive module (iDM) to a leading Chinese original equipment manufacturer, the company said August 2. It is anticipated that production will start in the second quarter of 2024, the company said. BorgWarner said that production of its iDM technology is expected to be carried out at its manufacturing facility based in Wuhan, China. Notably, BorgWarner’s all-new iDM works to enhance the overall hybrid-d...
    News
    BorgWarner reports Q2 FY 2023 sales of $4.52 billion, up 20% YOY
    Michigan-based automotive component supplier BorgWarner has reported its second-quarter 2023 net sales at $4.52 billion, recording a growth of 20% year over year, the company announced August 2. BorgWarner’s net sales during the corresponding quarter stood at $3.75 billion. That said, BorgWarner’s organic sales for the June quarter this year was up 21% year over year, if the impact of foreign currencies and the acquisitions of Santroll’s light-vehicle eMotor business, Rhombus Energy Sol...
    News
    BorgWarner to build a new plant in Mexico for eMobility technologies
    US auto component supplier BorgWarner on July 6 announced an investment in Mexico that includes a new manufacturing plant focusing on power electronics components and electric motors. BorgWarner has been operating for more than eight years in San Luis Potosí, and this is the first plant of the company in the state that will integrate a clean room, becoming an electromobility manufacturing hub. The plant will also house a product validation testing laboratory, with a focus on inverter...
    News
    BorgWarner completes spin-off of Phinia
    BorgWarner has announced the successful completion of the spin-off of its Fuel Systems and Aftermarket segments into a separate, publicly traded company called Phinia, in a press release dated July 3. Evercore was BorgWarner's lead financial advisor for the spin-off, while BofA Securities also acted as a financial advisor. BorgWarner had announced its intention to spin off its Fuel Systems and Aftermarket segments in December 2022. Significance: As a part of its Charging Forward strategy anno...
    News
    BorgWarner secures order for its electric variable cam timing technology from top OEM
    US-based automotive supplier BorgWarner has secured a contract to deliver its latest electric variable cam timing (eVCT) technology for use in a major global original equipment manufacturer’s four-cylinder engine. This business win highlights the first production of BorgWarner’s eVCT and is anticipated to significantly improve fuel economy and performance while reducing emissions, the company announced June 23. BorgWarner said the eVCT offered additional benefits from stand...
    News
    BorgWarner to acquire Eldor Corp.’s Electric Hybrid Systems business
    BorgWarner Inc. and Eldor Corp. SpA on June 19 announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject to an earnout. The transaction is subject to the satisfaction of closing conditions and is expected to close in the third quarter of 2023. Significance: Based in Italy, Eldor’s EH...
    News
    BorgWarner spins off its subsidiary Phinia
    US automotive component supplier BorgWarner on June 14 announced the successful completion of spinning off Phinia, paving the way for Phinia to become a completely independent company listed at the New York Stock Exchange under the ticker symbol PHIN. Significant: In December 2022, BorgWarner declared its intent to spin off the Fuel Systems and Aftermarket segments (later named Phinia), consistent with its Charging Forward strategy. At that time, the company’s nonexecutive chairman of ...
    News
    BorgWarner marks a strategic shift toward electric mobility
    In a bid to reposition itself to cater to the changing trends of the automotive industry, US-based auto-component maker BorgWarner reinforces its vision of a clean and sustainable world. The company on June 6 unveiled a new logo and its commitment to electric vehicles. The new logo is a visual representation of the company’s transformation, focusing on the future, and signals a new chapter in BorgWarner’s long and proud history. For the first time, the company changed its logo in over three ...
    News
    BorgWarner to make fresh investment in Mexico to produce battery-cooling plates
    US auto-component maker, BorgWarner announced plans to invest in its Ramos Arizpe Campus, Mexico, where it will produce innovative battery-cooling plates destined for a carmaker’s next generation of electric vehicles, the company said May 25, without revealing the investment figure. The company said this investment will strengthen its competitive position within e-mobility by adding specialized talent and increasing capacity for future EV application development. “This signif...
    News
    BorgWarner reports net sales of $4.18 billion in Q1 2023, up 8% YOY
    Michigan-based automotive component supplier BorgWarner Inc. (BorgWarner) has reported first quarter 2023 net sales at $4.18 billion, registering a growth of 8% year over year compared with the net sales of $3.87 billion for the first quarter 2022, the company announced May 4. BorgWarner said that the organic sales for the first quarter were up 12% year over year if the impact of foreign currencies and the acquisitions of Santroll Automotive Component's (Santroll’s)...
    News
    Advanced Propulsion Centre to invest £77 million on seven automotive research and development projects in the UK
    UK government-backed Advanced Propulsion Centre (APC) is investing £77 million in seven automotive research and development (R&D) projects with a goal of decarbonizing the transportation system and achieving net zero in the automotive supply chain, APC said May 9. The total investment of £77 million comprise £38.4 million from the UK government and a further £38.7 million from the automotive industry. “The seven projects, each involving a group of companies working in part...
    News
    BorgWarner secures eMotors order from top Chinese OEM
    BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market, has been selected to provide high-voltage hairpin (HVH) eMotors to a leading automotive manufacturer in China. The eMotors will be used in the Chinese automaker’s dedicated hybrid transmission (DHT) and range-extended electric vehicle (REEV), with mass production expected to start in August 2023 in Tianjin, China, the company said on May 4. This HVH motor uses a compa...
    News
    BorgWarner plans $20 million investment in three Michigan plants
    US-based auto supplier, BorgWarner plan to invest $20 million into expanding the capabilities of three existing Michigan-based facilities and developing a new electric vehicle (EV) battery service center. The fresh investment is likely to create nearly 186 jobs, including engineering, manufacturing and service positions, the company said on April 19. The investment will be split across the three facilities. The Auburn Hills portion will be allocated toward new electrification labs that will h...
    News
    BorgWarner to expand production capacity at South Carolina plant
    Michigan-based supplier of automotive components BorgWarner announced on April 19 that the company will invest $42 million in expanding the production capacity of its Seneca, SC-based manufacturing plant. BorgWarner said that the new investment will be allocated toward upgrading the existing facility, as well as in developing new manufacturing lines for battery modules and packs. The company plans to set up an annual battery production capacity of 3 GWh at the site, further contributing to th...
    News
    BorgWarner to supply German OEM with battery cooling plates for EVs
    BorgWarner has announced that it will supply a major German OEM in Europe and the US with battery cooling plates for electric vehicles (EVs), according to a company press release on 9 February. The cooling plates provide cooling capacity in a more compact package with reduced weight and cost. “We’ve collaborated with this customer for more than 30 years as a technical partner, contributing to many new technologies that the customer has integrated into its vehicles. We’re proud to e...
    News
    BorgWarner to supply 800V silicon carbide-based inverters to global OEM
    BorgWarner will supply 800V silicon carbide-based (SiC) inverters to a global OEM, it said in a press release dated 9 February. The inverters will be used for battery-electric vehicle (BEV) platforms. There will be two variants used in passenger BEVs—a 250 kW for passenger cars and all-wheel drive crossover utility vehicles and a second 350 kW module for the OEM’s performance vehicles. “As a current 400-volt inverter supplier to the automaker, it was a significant win for our team to be...
    News
    BorgWarner spins off fuel systems, aftermarket businesses to sharpen EV focus
    In an attempt to sharpen its focus on electric vehicle (EV) technologies while accelerating growth under the “Charging Forward” strategy, the Michigan-based automotive component supplier BorgWarner Inc. said on December 6, 2022, that it plans to spin off its fuel systems and aftermarket businesses into a separate, publicly traded company (NewCo). The announcement comes amid the ongoing global shift to EVs as both automakers and component suppliers transition supply chains and their respec...
    Insights
    BorgWarner aims to cut down its Scope 3 emissions by at least 25% by 2031
    Michigan-based global automotive component supplier BorgWarner plans to reduce its absolute Scope 3 emissions by at least 25% by 2031 from a 2021 baseline, the company announced on 15 December 2022. The company said that it has formally submitted its Scope 3 target, along with the previously announced target to achieve 85% absolute Scope 1 and Scope 2 emissions reduction by 2030 (from a 2021 baseline), for validation to the Science Based Target initiative (SBTi). BorgWarner added that these s...
    News
    BorgWarner to display advanced EV solutions at 2023 Auto Expo Components Show in New Delhi
    Michigan-based global supplier of powertrain technologies and EV components, BorgWarner plans to participate at the upcoming 2023 Auto Expo Components show in New Delhi, India next month. The company plans to showcase a broad range of technologies that support vehicle electrification including battery systems, charging stations, electric motors, integrated drive modules, power electronics and high-performance thermal management products like the high voltage coolant heater, among others, BorgWar...
    News
    BorgWarner opens new technical center in Bangalore, India
    BorgWarner has officially opened a new technical center focused on propulsion technologies and software capabilities in Bangalore, India, the company announced on 8 December 2022. According to the company, the new technical center, which is spread across an area of about 2,460 square meters, will focus on systems software development, fuel handling design and mechanical simulation for internal combustion engines, and hydrogen (H2) engine management systems. The new facility, which will have t...
    News
    BorgWarner to spin-off Fuel Systems and Aftermarket business into separate company
    Michigan-based global supplier of powertrain technologies, BorgWarner, has announced its intention to execute a tax-free spinoff of its fuel systems and aftermarket segments into a separate, publicly traded company (“NewCo”), according to a press release dated 6 December. “The intended separation supports optimizing our combustion portfolio and advancing our electrification journey while NewCo would be able to pursue growth opportunities in alternative fuels, such as hydrogen, and in Af...
    News
    BorgWarner acquires Switzerland-based Drivetek AG
    Michigan-based global automotive component supplier BorgWarner Inc. has acquired Switzerland-headquartered Drivetek AG for CHF35 million (USD37.31 million), the company announced on 2 December 2022. BorgWarner said that while it has paid CHF25 million (USD26.65 million) at the closing of the transaction, the remaining amount of CHF10 million  would be paid in the form of contingent payments over the next three years. Commenting on the acquisition, Frédéric Lissalde, President and CE...
    News
    BorgWarner plans to set up a battery systems factory in Brazil
    Michigan-based automotive component supplier BorgWarner plans to set up a new manufacturing facility to produce battery systems in Brazil, the company announced on 25 November 2022. The planned manufacturing plant, which will be located in Piracicaba, Brazil, is expected to allow BorgWarner to produce battery systems for customers locally. While the facility will be launched in phases to meet all quality and safety requirements, the company said that it expects to commence operations and asse...
    News
    BorgWarner to invest USD500 million in US chipmaker Wolfspeed
    BorgWarner and Wolfspeed have signed a strategic partnership that calls for BorgWarner to invest USD500 million in Wolfspeed’s financing transaction in exchange for a silicon carbide device capacity corridor, the Michigan-based supplier of propulsion systems and electric mobility solutions announced on 16 November 2022. Under the multiyear agreement between BorgWarner and Wolfspeed, former will be entitled to purchase up to USD650 million worth of devices annually as its requirements increa...
    News
    BorgWarner reports Q3 2022 net sales at USD4 billion, up 19% y/y
    Michigan-based automotive component supplier BorgWarner has reported third quarter 2022 net sales at USD4,060 million, recording a growth of 19% over the corresponding period last fiscal, the company said on 27 October 2022. BorgWarner had reported net sales of USD3,416 million in third quarter 2021. That said, according to the company, its organic sales during the period grew 29% compared with third quarter 2021. This was calculated after excluding the impact of foreign currencies, the 2022 ...
    News
    BorgWarner opens new production plant for powertrain components in India
    Michigan-based global automotive component supplier BorgWarner has inaugurated a new plant near Chennai, India, under BorgWarner Morse Systems India, according to a news report published by Autocar Professional on 21 September 2022. The company plans to produce and assemble its high-performance engine control and variable camshaft timing (VCT) systems at the new plant, which is slated to be a centralized unit in terms of the production facility as well as warehousing, logistics and shipping, ...
    News
    BorgWarner to acquire EV charging solutions company Hubei Surpass Sun Electric
    Michigan-based global supplier of powertrain systems and electric mobility solutions BorgWarner has acquired China-based EV charging solutions provider Hubei Surpass Sun Electric (SSE) for CNY410 million (USD58.44 million), the company announced on 20 September 2022. “The company has entered into an equity transfer agreement under which it has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of SSE,” BorgWarner said in a statement Tuesday. The com...
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    How is the global semiconductor shortage impacting thermal and powertrain suppliers?
    The global automotive industry reported a semiconductor shortage for the first time in the second half of calendar year (CY) 2020. That was the time when major automakers, which were looking to scale up production and revive industrial activities across the automotive supply chains, struggled to secure necessary supplies of mainly electronic and electrical components powered by the semiconductors. As demand for household appliances including consumer electronics and white goods, and cars witn...
    Insights
    BorgWarner secures order from Hyundai Motor to supply integrated drive modules
    Michigan-based global supplier of powertrain systems and electric mobility solutions BorgWarner has secured a new order from South Korean carmaker Hyundai Motor Company (HMC) to supply its iDM146 integrated drive module (iDM), the company announced on 10 August 2022. BorgWarner’s iDM146 will power Hyundai’s A-segment electric vehicle (EV) platform, which is scheduled to go in production in the third quarter of 2024, it said. Commenting on the new business win from Hyundai, Dr. Stefan Demm...
    News
    BorgWarner gets first batch of DC fast chargers installed in Italy
    BorgWarner announced on 3 August 2022 that the first units of its all-new fast-charging station, Iperion-120, have been installed in Italy by a local service provider called Route220. The newly installed direct current (DC) charging device offers benefits for users and operators alike through its fast-charging options, easy-to-use operations, compatibility, versatility, and longevity, the company said. According to the company, the Iperion-120 offers superior efficiency by providing the facil...
    News
    BorgWarner secures two new orders to supply 800V high-voltage coolant heaters
    Michigan-based global automotive supplier BorgWarner has won two new orders to supply its advanced 800V high-voltage coolant heater (HVCH) technology for electric vehicles (EVs), the company said on 3 August 2022. The company has won these orders from one global automaker and a mainland Chinese automaker, it said. According to the company, its in-house–developed 800V HVCH, which complements the existing 400V coolant heater, features enhanced electronics and a reliable design, which lays dow...
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    BorgWarner acquires Rhombus Energy Solutions, expands EV charging portfolio
    Michigan-based global supplier of powertrain components and electric mobility solutions, BorgWarner Inc. announced on 3 August 2022 that the company has acquired California-headquartered Rhombus Energy Solutions for USD185 million. “The transaction has an enterprise value of up to USD185 million, which is being funded primarily with cash balances,” the company said in an official statement Wednesday, adding that approximately USD130 million was delivered at closing and up to USD55 million...
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    BorgWarner reports flat y/y net sales of USD3.75 billion in Q2 2022
    Michigan-based supplier of powertrain and electric mobility solutions BorgWarner has reported US GAAP net sales of USD3.759 billion for the quarter ending 30 June 2022, the company said on 3 August 2022, adding that the quarterly sales performance remained flat when compared with the same period last year. BorgWarner’s net sales for the same period last year stood at USD3.758 billion.