BorgWarner Inc. (NYSE:BWA) is one of the best stocks to buy in a rising market, according to Wall Street analysts. On April 21, BorgWarner Inc. (NYSE:BWA) secured a seven-year contract extension to supply eight families of engine machine power modules and battery management system controllers.
The company is to supply the system controllers to a world-leading off-highway manufacturer through 2032. BorgWarner has supplied similar products to the manufacturer for several decades. The supply contract extensions come as the manufacturer tries to increase production volume across various market segments.
The seven-year contract extension builds on decades of partnership with the OEM and spans a broad range of Applications. The system controllers are to be used across construction vehicles, marine platforms, and stationary power systems.
The seven-year contract extensions affirm BorgWarner’s growing position as a propulsion partner in supporting manufacturers’ expansion into new markets.
BorgWarner Inc. (NYSE:BWA) is a global automotive supplier that designs and manufactures advanced components for combustion, hybrid, and electric vehicles (EVs). The company specializes in propulsion systems, including chargers, electric motors, inverters, and battery management systems.
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