BorgWarner (BWA) Experiencing Robust Growth amid Focus on China and Europe

BorgWarner Inc. (NYSE:BWA) is one of the top mid-cap value stocks to consider for investment right now. On August 13, while presenting at the JPMorgan Auto Conference, the company confirmed it is experiencing robust growth in its e-commerce segment.

The company announced a 31% increase in its light vehicle e-product growth in the second quarter and plans to launch over 30 e-products between last year and the end of this year. BorgWarner also confirmed it is on schedule to achieve a consistent EBIT margin profile of 10% or higher.

The company also reiterated that it is focused on achieving growth in China and Europe, with combustion and hybrid vehicles expected to dominate the US market in the near and mid-term. Consequently, it expects revenue growth of between 1% and 1.5% this year, as it also anticipates European regulations to boost bus electrification.

BorgWarner Inc. (NYSE:BWA) designs and manufactures clean and efficient technology solutions for combustion, hybrid, and electric vehicles. It provides components and systems, such as turbochargers, power electronics, transmission parts, and electric motors, to automakers worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.