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BorgWarner Announces Three Year Net New Business Backlog of $2B To $2.4B

The company expects its net new business backlog to drive organic growth over the company’s estimated light vehicle market exposure of 5-6 percent for 2019 through 2021.

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BorgWarner Inc., a global provider of clean and efficient technology solutions for combustion, hybrid and electric vehicles, has announced a three-year net new business backlog of $2 billion to $2.4 billion.

Three-Year Net New Business Backlog

The company expects its net new business backlog to drive organic growth over the company’s estimated light vehicle market exposure of 5-6 percent for 2019 through 2021:

  • Net new business within a range of $430 million to $580 million in 2019, $750 million to $875 million in 2020 and $800 million to $950 million in 2021.
  • Asia, the Americas and Europe are expected to account for approximately 60 percent, 25 percent and 15 percent, respectively, of the total net new business backlog over the three-year period.
  • Approximately 50 percent is expected in China.
  • The net new business backlog represents growth across all propulsion categories with combustion, hybrid and electric vehicles expected to account for approximately 20 percent, 70 percent and 10 percent, respectively, of the total net new business backlog over the three-year period.

 

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