BorgWarner targets $10B annual sales in EV market by 2027 through "Charging Forward" initiative.
BorgWarner Inc. (BWA) is experiencing strong growth in the electric vehicle (EV) market, targeting $10 billion in annual sales by 2027 through its "Charging Forward" initiative. Recent acquisitions aim to enhance its power electronics and charging infrastructure. The company reported a gross margin increase to 10.4% and raised its full-year margin outlook. BWA ranks 5th among mid-cap growth stocks, presenting promising investment potential despite competition, particularly from AI stocks.
September 21, 2024
11 Articles