AUBURN HILLS, Mich. - BorgWarner (NYSE:BWA), a global product leader in clean and efficient technology solutions for combustion, hybrid, and electric vehicles, has started the production of its eMotor components for XPeng (NYSE:XPEV) Motors. The advanced eMotor, known as the HVH 220, is set to be featured in XPeng's X9 MPV and its forthcoming electric B-class sedan, with production for the latter expected to commence in the third quarter of 2024.
The HVH 220 eMotor is designed to offer high power and torque density, enhanced efficiency, and superior durability at a competitive cost. With an operating range of up to 800V, the eMotor can generate up to 300kW of power and operate at a maximum speed of 18,000 rpm. Its peak efficiencies are reported to be greater than 97%. BorgWarner's patented high voltage hairpin winding technology is a key feature of the stator, which measures 220 mm in outer diameter.
To address the performance demands of more powerful motors, BorgWarner has incorporated oil-cooled solutions. These include a direct rotor oil cooling system that extracts heat from the motor core, allowing for improved heat transfer and system heat rejection. This innovation enables the HVH 220 to achieve higher torque and power density.
Dr. Stefan Demmerle, President and General Manager of BorgWarner PowerDrive Systems, expressed enthusiasm about supplying XPeng with their stator and rotor technology. He highlighted BorgWarner's role in supporting the development of China's electric vehicle industry through their product expertise.
BorgWarner has a longstanding history of over 130 years as a transformative leader in mobility innovation. The company is focused on accelerating the transition to eMobility to contribute to a cleaner, healthier, and safer future.
The information in this article is based on a press release statement from BorgWarner. The forward-looking statements included in the release are based on management's current outlook and are subject to risks and uncertainties that could cause actual results to differ materially. These include supply disruptions, competitive challenges, the impact of the COVID-19 pandemic, and other factors such as the global economic environment and legal proceedings.
InvestingPro Insights
As BorgWarner embarks on its latest venture with XPeng Motors, investors are closely monitoring the company's financial health and market performance. According to real-time data from InvestingPro, BorgWarner's market capitalization stands at 7.4 billion USD, with a trailing twelve-month revenue of 14.2 billion USD. The company's gross profit margin over the same period is 18.09%, reflecting its ability to maintain profitability despite market challenges.
BorgWarner's stock has experienced significant volatility, currently trading near its 52-week low and having witnessed a one-week total return of -7.66%. This aligns with an InvestingPro Tip indicating that the stock has taken a considerable hit over the last week. Despite the short-term market turbulence, BorgWarner has demonstrated financial resilience, with its liquid assets surpassing short-term obligations, and it has maintained dividend payments for 11 consecutive years, showcasing a commitment to shareholder returns.
InvestingPro Tips further reveal that analysts have revised their earnings expectations downwards for the upcoming period, and a sales decline is anticipated in the current year. However, these concerns are somewhat mitigated by the company's ability to cover interest payments with its cash flows, and analysts predict the company will remain profitable this year.
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