BorgWarner's electrification business loses money

BorgWarner's electrification business unit continued to lose money in 2024, with sales of only $1.9 billion and an adjusted operating margin of -7.4%. Although the company has invested $6 billion in electrification transformation over the past decade, the market response has not met expectations. In addition, the business in China also faces dual challenges. The output of electrification projects has not met expectations, and sales of fuel powertrain components are also declining.