BorgWarner Wins Contract From A Major OEM For Its eVCT Technology
Portfolio Pulse from Lekha Gupta
BorgWarner Inc (NYSE:BWA) has secured a contract from a global OEM to supply its electric variable cam timing (eVCT) technology for selected four-cylinder engines. The deal marks the first production of eVCT, which is expected to improve fuel economy and performance while reducing emissions. BWA plans to begin eVCT production in December 2024 at its Ithaca, New York facility.
June 23, 2023 | 4:22 pm
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BorgWarner has won a contract to provide its eVCT technology to a global OEM, marking the first production of the technology. This is expected to improve fuel economy and reduce emissions.
The contract win for BorgWarner's eVCT technology is a positive development for the company, as it marks the first production of the technology and highlights its potential in improving fuel economy and reducing emissions. This could lead to increased demand for the technology and boost BWA's revenues in the future.
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