BorgWarner Reports First Quarter 2024 Results and Increases Full-Year EPS Guidance, Announces Additional Share Repurchase Authorization

AUBURN HILLS, Mich., May 2, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results. Charging Forward Update: BorgWarner has solidified two high voltage hairpin (HVH) eMotor business wins with XPeng, a leading Chinese Smart EV manufacturer, for use on two upcoming SUV models. The contracts include BorgWarner's advanced oil-cooling 800V eMotor systems, comprised of stator and rotor components. Start of production is planned for 2025. BorgWarner has secured contracts with Polest ...