BorgWarner

FIRST STUDENT APPLAUDS OPENING OF NEW FAST CHARGING FACILITY TO SERVE THE SCHOOL DISTRICT OF THE CITY OF PONTIAC IN MICHIGAN

Retrieved on: 
Wednesday, August 2, 2023

CINCINNATI, Aug. 2, 2023 /PRNewswire/ -- First Student, the largest provider of school transportation in North America, applauds the recent opening of a new fast charging facility to serve The School District of the City of Pontiac, in Pontiac, Michigan. The facility, which was designed by First Student and the District using chargers provided by automotive technology supplier BorgWarner, will allow First Student to efficiently operate the 25 electric school buses that were recently awarded to Pontiac School District under the U.S. Environmental Protection Agency's (EPA) Clean School Bus Program.

Key Points: 
  • CINCINNATI, Aug. 2, 2023 /PRNewswire/ -- First Student, the largest provider of school transportation in North America, applauds the recent opening of a new fast charging facility to serve The School District of the City of Pontiac, in Pontiac, Michigan.
  • The facility, which was designed by First Student and the District using chargers provided by automotive technology supplier BorgWarner, will allow First Student to efficiently operate the 25 electric school buses that were recently awarded to Pontiac School District under the U.S. Environmental Protection Agency's (EPA) Clean School Bus Program.
  • "The opening of this fast charging facility is an exciting development for the Pontiac School District," said First Student Head of Electrification, Kevin L. Matthews.
  • As the transportation provider for The School District of the City of Pontiac, First Student will operate and maintain the new electric school buses, which are expected to be delivered in early fall of 2024.

BorgWarner to Supply Integrated Drive Module for Leading Chinese OEM's Hybrid Vehicles

Retrieved on: 
Wednesday, August 2, 2023

AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has announced it will supply a new integrated drive module (iDM) to a leading Chinese OEM.

Key Points: 
  • AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has announced it will supply a new integrated drive module (iDM) to a leading Chinese OEM.
  • "BorgWarner's iDM boasts a high level of integration and provides outstanding performance," said Dr. Stefan Demmerle, President and General Manager of BorgWarner PowerDrive Systems.
  • Together, we intend to seize new opportunities in the field of new energy vehicles and jointly propel the steady development of China's automotive industry."
  • Notably, the dual-inverter units dynamically control the two eMotors based on the vehicle's operating conditions to achieve flexible, efficient propulsion.

BorgWarner Secures eHeater Business Uplift with Premium European OEM

Retrieved on: 
Wednesday, August 2, 2023

AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner has been awarded additional high voltage coolant heater (HVCH) business with a premium European OEM for its mid-size electric vehicle platform, following an initial supply agreement in July 2022 for the OEM's small electric vehicle platform.

Key Points: 
  • AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner has been awarded additional high voltage coolant heater (HVCH) business with a premium European OEM for its mid-size electric vehicle platform, following an initial supply agreement in July 2022 for the OEM's small electric vehicle platform.
  • The 800V 3kW HVCH single-plate heater will be used to maintain optimal battery temperature on electrified vehicles for the European and Asia-Pacific markets.
  • "This is a significant volume extension of our high voltage coolant heater program with this European customer," said Joe Fadool, President and General Manager, BorgWarner Emissions, Thermal and Turbo Systems.
  • Production of BorgWarner HVCHs for the customer's electric vehicle is scheduled to start in 2025.

BorgWarner to Support Major East Asian OEM with Inverter and eMotor Stator

Retrieved on: 
Wednesday, August 2, 2023

AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner has been selected by a major East Asian OEM to supply emotor stator and inverter for the automaker's new electric vehicle platform, scheduled to enter production mid-2025.

Key Points: 
  • AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner has been selected by a major East Asian OEM to supply emotor stator and inverter for the automaker's new electric vehicle platform, scheduled to enter production mid-2025.
  • With more than two decades of technological partnership between the companies, BorgWarner is fully equipped with an in-depth understanding of the customer's products in their electric drives.
  • "We're pleased to continue our long-standing relationship with this major East Asian OEM by contributing to an exciting new vehicle platform," said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems.
  • "We have a long-standing good relationship with them, so they can have the confidence that BorgWarner will continue to efficiently and reliably support their newest drive module design."

BorgWarner to Deliver High Voltage Coolant Heaters to Global Automotive Supplier for Series of OEM EV Platforms

Retrieved on: 
Wednesday, August 2, 2023

AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner has secured a contract with a global automotive thermal and energy management solutions supplier to deliver high voltage coolant heaters (HVCH) for use on a series of three electric vehicle (EV) platforms for a major OEM.

Key Points: 
  • AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner has secured a contract with a global automotive thermal and energy management solutions supplier to deliver high voltage coolant heaters (HVCH) for use on a series of three electric vehicle (EV) platforms for a major OEM.
  • The business win with the supplier marks the first collaboration between the companies on a complete vehicle thermal management system.
  • This win builds upon a previous agreement between BorgWarner and the OEM in which BorgWarner directly supplied its 400V solution.
  • BorgWarner's 800V HVCH will be produced in the company's Cadillac, Michigan manufacturing facility with production expected to begin in 2025.

BorgWarner Starts to Supply Li Auto New Energy Vehicles with Integrated Drive Module

Retrieved on: 
Wednesday, August 2, 2023

AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is supplying Li Auto its advanced integrated drive module (iDM220) to the company's new energy vehicles.

Key Points: 
  • AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is supplying Li Auto its advanced integrated drive module (iDM220) to the company's new energy vehicles.
  • "We are delighted to kick-off our first iDM production in China and gain this opportunity to expand our partnership with Li Auto," said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems.
  • We look forward to assisting Li Auto in unleashing their future sustainability capabilities by contributing industry-leading electrification solutions."
  • All subsystems used in the iDM are part of BorgWarner's technology portfolio and are available either as a fully integrated module or as stand-alone solutions for new energy vehicles.

BorgWarner Reports Second Quarter 2023 Results, Reports Additional Progress Towards Charging Forward 2027

Retrieved on: 
Wednesday, August 2, 2023

Net earnings for the second quarter 2023 were $204 million, or $0.87 per diluted share, compared with net earnings of $216 million, or $0.91 per diluted share, for the second quarter 2022.

Key Points: 
  • Net earnings for the second quarter 2023 were $204 million, or $0.87 per diluted share, compared with net earnings of $216 million, or $0.91 per diluted share, for the second quarter 2022.
  • Pro forma adjusted net earnings per diluted share for the second quarter 2023 were $1.05, up from pro forma adjusted net earnings per diluted share of $0.74 for the second quarter 2022.
  • ET today, a brief conference call concerning second quarter 2023 results and guidance will be webcast at: https://www.borgwarner.com/investors .
  • For more than 130 years, BorgWarner Inc. (NYSE: BWA) has been a transformative global product leader bringing successful mobility innovation to market.

Webcast Alert: BorgWarner 2023 Second Quarter Results Conference Call

Retrieved on: 
Wednesday, July 26, 2023

AUBURN HILLS, Mich., July 26, 2023 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) announces the following Webcast:

Key Points: 
  • AUBURN HILLS, Mich., July 26, 2023 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) announces the following Webcast:
    Live over the Internet -- Simply log on to the web at the address above.
  • If you are unable to participate during the live webcast, the call will be archived at ( http://www.borgwarner.com/en/Investors/default.aspx )
    BorgWarner Inc. (NYSE: BWA) For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market.
  • Today, we're accelerating the world's transition to eMobility — to help build a cleaner, healthier, safer future for all.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/webcast-alert-borgwarner-2023-s...

PHINIA Inc. to Report Q2 2023 Earnings

Retrieved on: 
Thursday, July 20, 2023

PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023.

Key Points: 
  • PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023.
  • PHINIA’s earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA’s website, PHINIA - Investor Relations .
  • PHINIA will host a webcast to review second quarter 2023 results, full year 2023 outlook and take questions from the investment community at 8:30 AM Eastern Time on Monday, August 7, 2023.
  • PHINIA’s second quarter 2023 results will reflect the company’s business segment performance under BorgWarner’s pre-spin ownership of PHINIA with carve out adjustments.

onsemi and BorgWarner Expand Strategic Collaboration for Silicon Carbide Worth Over $1 Billion in Lifetime Value

Retrieved on: 
Tuesday, July 18, 2023

BorgWarner plans to integrate onsemi EliteSiC 1200 V and 750 V power devices into its VIPER power modules.

Key Points: 
  • BorgWarner plans to integrate onsemi EliteSiC 1200 V and 750 V power devices into its VIPER power modules.
  • The EliteSiC devices join a broad portfolio of onsemi products that are part of the long-standing strategic relationship between the two companies.
  • onsemi provides high-performance EliteSiC technology while maintaining the high standards of quality, reliability and supply assurance needed for the EV traction market.
  • BorgWarner’s silicon carbide traction inverters already offer higher efficiency, better cooling performance, and faster-charging rates in a more compact package than other options for EVs.