BorgWarner reports Q1 2022 net sales at USD3.87 billion, down 3% y/y

Financial results

BorgWarner estimates its EV revenues will grow to over USD800 million in FY 2022, which is more than double of its FY 2021 EV business

Michigan-based global supplier BorgWarner has reported first quarter 2022 net sales of USD3.87 billion, down 3% y/y on the overall decline in the automotive industry production volumes and weaker foreign currencies, the company said on 4 May 2022.

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