American auto parts supplier BorgWarner recently announced that the company has reached four new energy vehicle electric motor supply agreements with three major domestic brand OEMs in China, covering extended-range electric vehicles, plug-in hybrid vehicles and pure electric vehicles.
Among them, BorgWarner will supply 400V high-voltage card-on-call (HVH) motors to a well-known new energy vehicle manufacturer in China, and will start production in August 2025. BorgWarner will also provide motors for a 150kW pure electric platform of a leading Chinese local automaker, and is expected to start mass production in March 2026.
In addition, BorgWarner will also supply motors to the next generation of models of another large local OEM factory in China, covering extended-range and plug-in hybrid models, which are expected to be put into production in August and October 2025 respectively.
Dr. Stefan Demmerle, President and General Manager of BorgWarner Power Drive Systems, said: “We are delighted to win multiple new motor businesses in hybrid and electric applications, which has further succeeded in our country. We are committed to continuing technological innovation.” , improve manufacturing processes and provide high-quality products and services to meet the ever-changing needs of new energy vehicle customers.”
To meet the growing demand of China’s new energy vehicle market, BorgWarner has launched a new motor technology called Ultra Short High Voltage Cylinder (S-HVH). This technology adopts an optimized manufacturing process, which greatly shortens the end winding length of the motor, thereby shortening the overall length of the motor. Compared with traditional HVH windings, the S-HVH motor technology reduces end size by more than 5 mm, while reducing axial volume, increasing power density, and reducing copper usage for increased efficiency and cost savings. This technology is compatible with existing production lines and facilitates factory upgrades. BorgWarner said this technology is versatile and has very flexible adaptability, supporting a variety of new energy vehicle models, and both 400V and 800V platforms are suitable.
Recently, BorgWarner also released its 2024 financial report and 2025 full-year financial position forecast. In 2024, according to US GAAP, its net sales fell 0.8% year-on-year to US$14.086 billion; operating profit was US$546 million, accounting for 3.9% of net sales, down from US$1.16 billion in 2023; diluted per Net earnings for the stock were $1.63, down from $2.70 in 2023.
In 2025, BorgWarner expects global light and commercial vehicle production to decline by 1.0%-3.0%, while the company’s net sales in 2025 are expected to be between $13.4 billion and $14 billion, compared with about $14.1 billion in 2024. Declined. The operating profit margin in 2025 is expected to be in the range of 9.1%-9.2%, with annual operating cash flow expected to be between US$1.325-1.375 billion, and free cash flow expected to be between US$650-750 million.