BorgWarner Extends High-Volume Inverter Programs with Major European OEM Through 2029
BWA sits 83% above its 52-week low of $35.04.
Summary
BorgWarner has secured a major extension of multiple high-volume inverter programs with a major European OEM, covering both plug-in hybrid and 800V battery-electric vehicle applications. The awards build on an existing partnership and include updated designs featuring proprietary ASIC and Viper SiC power switch technologies. Production is planned for 2029, indicating long-term revenue visibility. This follows a recent eTurbo program win with another European OEM, reinforcing BorgWarner's position in electrification. The deal strengthens the company's electrification backlog and demonstrates customer confidence in its power electronics.
At the time of this announcement, BWA was trading at $64.16 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.1B. The 52-week trading range was $35.04 to $78.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.