BorgWarner Inc.

Company Profile

■URL

https://www.borgwarner.com/

■Address

3850 Hamlin Rd, Auburn Hills, Michigan, 48326, USA

Business Overview

-The Company is an automotive supplier specializing in developing and manufacturing technology solutions to improve the performance, efficiency and environmental qualities for powertrains of combustion, hybrid and electric vehicles.

Segment Details
Air Management Develops and manufactures systems to improve fuel economy, reduce emissions and improve performance. Its products include turbochargers, eBoosters, eTurbos, timing systems, emission systems, thermal systems, battery modules, battery packs, and battery charging.
e-Propulsion & Drivetrain Develops and manufactures systems to meet the needs of increasing vehicle electrification, with technologies including rotating electrical components, electric motors, power electronics, battery products, control modules, and friction and mechanical products for automatic transmissions and torque-management products.
Fuel Systems Develops and manufactures gasoline and diesel fuel injection components and systems, including pumps, injectors, fuel rail systems, fuel delivery modules, evaporative canisters and complete systems.
Aftermarket Sells products to independent aftermarket customers, primarily focusing on fuel injection products, starters and alternators, electronics, engine management products, maintenance products, test equipment, and vehicle diagnostics.

 

-In 2022, the Company transitioned its starter and alternator business from the e-Propulsion & Drivetrain segment to the Aftermarket segment. It transferred its canisters and fuel delivery modules business from the Air Management segment to the Fuel Systems segment. Finally, the Company transitioned its battery systems business from the Air Management segment to the e-Propulsion & Drivetrain segment.

-On June 4, 2021, the Company completed the voluntary public takeover for the shares of AKASOL AG, resulting in the ownership of 89% of AKASOL’s outstanding shares. The Company paid approximately EUR 648 million in this transaction. The Company had purchased additional shares of AKASOL after the transaction, increasing its ownership to 93% by December 31, 2021. On February 10, 2022, the Company completed the registration of a merger squeeze initiated on August 2, 2021, resulting in 100% ownership of AKASOL. AKASOL’s operations have been integrated into the Company’s Air Management segment.

-The Company completed the acquisition of Delphi Technologies PLC on October 1, 2020 for approximately USD 2.4 billion, improving its portfolio and development in the electronics and power electronics segments.

Competitors

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2023 Business Overview of Suppliers in Europe and the U.S.

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Shareholders

-The Company is listed on the New York Stock Exchange.

Products

eMobility Technologies
Battery Systems (AKASOL AG)
-AKA CYC ultra high energy battery system with cylindrical cell battery modules
-Flat Module Architecture batteries for commercial vehicles
-OEM PRC batteries with prismatical cells for commercial vehicles
-AKR PRC 48V solution for small electric vehicles
-AKARack modular energy pack with flexible scalability

Chargers
-IPERION-120 DC fast charger
-RHOMBUS-120/180 DC fast charger
-Bidirectional V2G charger
-Bidirectional dispenser 

Controllers
-Propulsion controllers
-Battery management controllers
-Motor controllers
-Light vehicle engine controllers
-Light vehicle transmission controllers
-Commercial vehicle engine controllers
-Commercial vehicle transmission controllers

EV Transmissions
-High ratio chain drive transmissions
-eGearDrive transverse electric drive transmissions
-eGearDrive longitudinal electric drive transmissions

Electric Drive Motors
-Permanent magnet synchronous drive motors
-DHT / Range extender dedicated generator
-HVH series electric motors

Electric Drive Modules
-One- or two-speed eAWD drive modules
-On-axis electric drive modules
-eAxle integrated drive modules

Power Electronics
-800-Volt silicon carbide inverter
-Combined inverters & DC/DC converters
-Dual inverters
-All-in-one box
-On-board battery chargers
-Isolated DC/DC converters
-48V DC/DC converters
-48V inverters
-Motor controllers

Thermal Management
-High-voltage coolant heaters
-Secondary air systems
-Fans
-Visctronic fan drives

Conventional Propulsion Technologies
AWD and Cross Axle Systems
-Electro-hydraulic AWD couplings
-Driveline disconnect AWD couplings
-Electro-magnetic AWD couplings
-On-demand AWD transfer cases
-Part-time AWD transfer cases
-Front axle disconnect modules
-Electronic limited-slip differential controls
-Torque vectoring eRDMs
-Hy-Vo driveline chains

Boosting Technologies
-Wastegate turbochargers for diesel engines
-Wastegate turbochargers for gasoline engines
-Variable turbine geometry turbochargers for diesel engines
-Variable turbine geometry turbochargers for gasoline engines
-Multistage turbocharging systems

Electric Boosting Technologies
-eBooster electrically driven compressors
-eTurbo electrically assisted turbochargers
-eTurbocompound water-cooled generators
-Organic Rankine Cycle turbines and pump-expanders 

Engine Timing Systems
-Engine timing chains
-Electric variable cam timing systems
-Variable valvetrain systems

Fuel Handling
-Canisters
-Fuel delivery modules
-Brushless fuel pumps

Fuel Injection Systems
-GDi injectors
-GDi rails
-GDi pumps
-Diesel fuel injectors
-Diesel fuel rails
-Diesel fuel pumps
-CNG injectors
-LNG injectors

Ignition Technologies
-High energy ignition coils
-Coupled multi-charge ignition coils
-Diesel cold start systems
-Ceramic glow plugs
-Metal glow plugs
-Pressure sensor glow plugs

Intake and Exhaust Gas Management
-EGR systems
-EGR valves
-EGR coolers
-Exhaust heat recovery systems
-Smart remote actuators
-Electronic throttle valves

P1 Hybrid Architecture

P2 Hybrid Architecture
-On-axis drive modules
-Off-axis drive modules
-HY-VO driveline chains

P4 Hybrid Architecture
-Integrated drive modules

Sensors
-Exhaust gas temperature sensors
-Ammonia sensors
-Oxygen sensors
-Particulate matter sensors

Starters & Alternators
-Light vehicle starters and alternators
-Commercial vehicle starters and alternators

Transmission Technologies
-DualTronic clutch systems
-One-way clutches
-Double-sided friction plates
-Single-sided friction plates
-Torque converter clutches – friction discs
-Torsional vibration dampers
-Brake plates
-Collated packs
-Separators plates
-Transmission bands
-DualTronic control modules
-Transmission solenoid modules
-Low leak variable bleed solenoids
-On-off and pulse modulated solenoids
-Proportional mini direct-acting variable force solenoids
-Variable force/proportional solenoids
-High pressure valves
-Pressure relief valves

Valvetrain Systems
-Cam torque actuated phasers
-Intelligent cam torque actuation
-Torsional assist phasers
-Oil pump actuated phasers
-Center feed cam phasers
-Roller finger followers

History

1880 Morse Equalizing Spring Company, forerunner of Morse Chain, was founded.
1928 BorgWarner Corporation was formed. Founding companies included Borg & Beck, Marvel-Schebler, Warner Gear and Mechanics Universal Joint.
1929 Acquired Morse Chain.
1964 Established a joint venture, NSK-Warner with NSK Limited (Japan).
Apr. 1995 Purchased Precision Forged Products Division of Federal-Mogul Corporation.
1995 Entered into a joint venture with Divgi Metalwares Private Ltd.
Entered into a joint venture with Shiyan Automotive Transmission Factory ("Shiyan") in China. The venture is named Huazhong Warner Transmission Company Ltd.
Jun. 1996 Acquired Coltec Industries Inc.
1996 Three automotive business were acquired from Coltec industries, including Holley Automotive.
Oct. 1997 Acquired a 63% interest in Kuhnle, Kopp & Kausch A.G.
May 1998 Opened a new headquarter for Morse TEC Europe.
Oct. 1998 Acquired turbocharger business from AG Kuhnle.
Mar. 1999 Acquired Kuhlman Corp., a manufacturer of proprietary engine components, including turbochargers, fans, fan drives and other products.
May 1999 Formed Lapeer Warner LLC with Lapeer Metal Stamping Co. Inc.
Oct. 1999 Acquired the Fluid Power Division of Eaton Corporation, a manufacturer of powertrain cooling solutions.
May 2000 Formed a strategic alliance with Valeo Engine Cooling to collaborate on the development of cooling systems for light, medium and heavy truck engine vehicle applications.
Jun. 2001 Formed a 50-50 joint venture with Hitachi Ltd. Automotive Products Group. The JV, called Hitachi Warner Turbo Systems Ltd.
Sep. 2002 Established Morse TEC Korea, near Seoul.
Feb. 2007 Opened a new 34,000-square-foot European Drivetrain Competence Center in Ketsch, Germany.
Sep. 2009 Made BERU AG (Currently BorgWarner BERU Systems GmbH) its wholly-owned subsidiary.
Established BorgWarner United Transmission Systems, a joint venture with 12 automakers in China.
2010 Established China Technical Center in Shanghai, China.
Established a new facility to provide manufacturing, sales and engineering support for the Thermal Systems business in Chennai, India.
Acquired Dytech ENSA to expand its product portfolio in exhaust gas recirculation technologies.
2011 Acquired the Swedish-based Traction System division of Haldex AB.
2012 Established a new production plant and engineering center in Ningbo, Jiangsu Province, China.
Established a new factory and engineering center in Itatiba, Brazil.
Divested its spark plug business to Federal-Mogul Corporation.
2014 Acquired 100% of the equity interests in Gustav Wahler GmbH und Co. KG, a producer of exhaust gas recirculation (EGR) valves, EGR tubes and thermostats.
Jan. 2015 Acquired remaining 51% of BERU Diesel Start Systems Pvt. Ltd., a glow plug manufacturer, from joint venture partner, making it a wholly owned subsidiary.
Nov. 2015 Acquired Remy International, Inc., a manufacturer of starter motors and alternators.
Sep. 2017 Finalized acquisition of Sevcon, a company specializing in control and power solutions for electric and hybrid vehicles. The transaction was valued at approximately USD 200 million.
Apr. 2019 Divested Wahler thermostat business to Arlington Industries Group Ltd.
Jan. 2020 Entered agreement to acquire Delphi Technologies PLC for approximately USD 3.3 billion in an all-stock transaction.
Oct. 2020 Completed the acquisition of Delphi Technologies.
Jun. 2021 Completed voluntary public takeover of shares of AKASOL AG, resulting in the ownership of 89% of AKASOL’s shares for EUR 648 million.
Feb. 2022 Completed registration of merger squeeze of AKASOL AG, resulting in complete acquisition of AKASOL.
Apr. 2022 Completed acquisition of Santroll Automotive Components, a developer of hairpin concentrated-winding eMotors for light electric vehicles, for CNY 1.4 billion.
Aug. 2022 Completed acquisition of Rhombus Energy Solutions, a developer of electric vehicle charging technology, for USD 185 million.
Sep. 2022 Acquired electrification businesses of Hubei Surpass Sun Electric for CNY 410 million through an Equity Transfer Agreement.
Dec. 2022 Completed acquisition of Drivetek, a provider of research and development services for electric drive products, for CHF 35 million.

Supplemental Information 1