Borgwarner Inc (NYSE: BWA)

BorgWarner Inc. is a Delaware corporation incorporated in 1987 that operates as a global product leader in clean and efficient technology solutions for combustion hybrid and electric vehicles. It manufactures and sells these products worldwide primarily to original equipment manufacturers of light vehicles as well as to commercial and off highway vehicle makers tier one suppliers and the aftermarket.

The company generates revenue from the sale of products that support electric hybrid and combustion vehicles with eProducts which include EV and hybrid components accounting for approximately eighteen percent of total revenue in 2025 and Foundational products which include combustion engine components accounting for approximately eighty two percent of total revenue in 2025. Additionally revenue is broken down into four reportable segments Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems and Battery & Charging Systems with net sales of five point eight billion five point seven billion two point three billion and zero point six billion respectively in 2025.

The company operates through the following segments Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems and Battery & Charging Systems.

• Turbos & Thermal Technologies develops and manufactures products to improve fuel economy reduce emissions and enhance performance including turbochargers eBoosters eTurbos emissions systems thermal systems gasoline ignition technology smart remote actuators powertrain sensors cabin heaters battery heaters and battery cooling systems.

• Drivetrain & Morse Systems provides hydraulic controls friction and mechanical clutch products for automatic transmissions torque management products chain systems and variable camshaft phasing products.

• PowerDrive Systems delivers power electronics inverters onboard chargers DC/DC converters combination boxes rotating electric machines eMotors generators integrated drive modules and electronic controls such as engine control units transmission control units battery management systems propulsion controllers and domain controllers.

• Battery & Charging Systems supplies high performance lithium ion battery systems for electrified bus truck and off highway applications using nickel manganese cobalt and lithium iron phosphate packs with a proprietary battery management system offering cybersecurity functional safety and liquid cooling for up to six thousand cycles.

BorgWarner Inc. holds a strong position as a top tier supplier to nearly every major automotive OEM worldwide and competes with major non OEM manufacturers such as Robert Bosch GmbH Denso Corporation Garrett Motion Hitachi Ltd. Magna Powertrain Valeo Schaeffler Group and Contemporary Amperex Technology Co. Limited while leveraging its balanced portfolio of combustion hybrid and electric technologies.

The company serves original equipment manufacturers of light commercial and off highway vehicles tier one vehicle systems suppliers and the aftermarket with its largest individual customers being Volkswagen and Ford which each represented approximately twelve to thirteen percent of net sales in 2025 and its top ten customers together accounting for about seventy one percent of total sales.