Borgwarner Inc (NYSE: BWA)

BorgWarner Inc., known by its ticker symbol BWA, is a prominent player in the automotive industry, specializing in clean and efficient technology solutions for combustion, hybrid, and electric vehicles. With a global footprint, the company operates in Europe, the Americas, and Asia, supplying its innovative products to nearly every major automotive Original Equipment Manufacturer (OEM) worldwide.

BorgWarner's primary business activities revolve around the development, manufacture, and sale of a wide range of products. These include turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery heaters, battery charging, and direct current charging stations. The company's product portfolio is designed to enhance vehicle performance, improve propulsion efficiency, ensure stability, and promote cleaner air quality.

The company's revenue generation primarily comes from its three main segments: Air Management, Drivetrain & Battery Systems, and ePropulsion. The Air Management segment focuses on creating products that improve fuel economy, reduce emissions, and boost performance. This segment's offerings include turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery heaters, battery charging, and direct current charging stations. These technologies contribute to increased power for a given engine size, improved fuel economy, reduced emissions, and optimized temperatures in propulsion systems and vehicle cabins.

The Drivetrain & Battery Systems segment offers battery modules and systems, control modules, friction and mechanical clutch products for automatic transmissions, torque-management products, and rear-wheel drive (RWD) and all-wheel drive (AWD) transfer case systems and coupling systems. This segment's battery products cater specifically to electrified bus, truck, and off-highway applications, utilizing high-performance lithium-ion technology.

The ePropulsion segment boasts industry-leading performance and efficiency, offering quick-to-market solutions for electric and hybrid vehicles. The segment's technologies include power electronics, rotating electric machines, and electronic controls, providing the driving force behind clean and efficient vehicle propulsion.

In a competitive industry, BorgWarner vies with numerous manufacturers and distributors offering similar products. To maintain its edge, the company leverages technological innovation, application engineering development, quality, price, delivery, and program launch support as key competitive strategies.

BorgWarner's workforce, comprising approximately 39,900 salaried and hourly employees as of December 31, 2023, is a diverse and inclusive global team. The company invests in its talent through various initiatives, including diversity, equity, and inclusion programs, engagement and retention strategies, education and development opportunities, and competitive pay and benefits.