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AUBURN HILLS, Mich. - BorgWarner (NYSE: BWA), a $7.59 billion market cap automotive technology leader with strong financial health according to InvestingPro analysis, announced Thursday it has secured contracts to supply high-voltage coolant heater (HVCH) technology for plug-in hybrid electric vehicle platforms with two major global automakers.
The first agreement marks BorgWarner’s initial eHeater supply for a hybrid program with a legacy automaker, featuring 400V technology across their PHEV platforms with production expected to begin in 2028.
The second contract involves 800V HVCH technology for another global manufacturer, expanding integration into several light PHEV platforms, including a pickup truck, also with production starting in 2028.
"Securing these contracts is a milestone for our company and validates our technology leadership and expertise in battery and cabin heating," said Dr. Volker Weng, Vice President of BorgWarner Inc. and President and General Manager of Turbos and Thermal Technologies.
The company’s HVCH technology features a compact, modular design that minimizes size and weight. The system includes a resistive heating element and smart controller for efficient heat transmission to the coolant, enabling cabin and battery heating in cold conditions.
According to the company statement, the technology delivers faster heating and cooling through low thermal mass and high power density. It also helps optimize battery temperature and supports fast charging by maintaining ideal thermal conditions.
The heaters are designed for durability with thick film heating elements built to last over 15,000 hours, and include safety features that automatically shut down the system if issues are detected.
BorgWarner, a mobility solutions provider with a 130-year history generating $14.01 billion in revenue over the last twelve months, made the announcement in a press release statement. The company currently trades below its Fair Value according to InvestingPro analysis, which provides comprehensive insights through its Pro Research Reports covering 1,400+ top US stocks.
In other recent news, BorgWarner Inc. reported second-quarter results that surpassed expectations, driven by strong growth in its electric vehicle components sector. The company has also raised its outlook for 2025, reflecting confidence in its future performance amidst challenging market conditions. These developments highlight BorgWarner’s adaptability and strategic focus on the evolving automotive landscape. The positive earnings report underscores the company’s ability to navigate market challenges while capitalizing on growth opportunities in the electric vehicle market. Investors may find the updated 2025 outlook particularly noteworthy as it indicates BorgWarner’s long-term strategic planning. This announcement comes amid a broader industry shift towards electrification, where BorgWarner appears to be positioning itself advantageously. The results have drawn attention from analysts, though specific upgrades or downgrades were not mentioned in the recent reports.
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