BorgWarner Inc. (NYSE:BWA) shares are trading lower on Thursday after it reported fourth-quarter results.
Adjusted earnings per share of 90 cents missed the estimate of 94 cents. Quarterly revenues of $3.52 billion missed the street view of $3.65 billion.
Revenues rose 6.2% year over year, primarily due to increased demand for the company’s products and higher industry production compared to the prior year.
Meanwhile, BorgWarner has begun eMotor rotor and stator production for XPeng Inc. (NYSE:XPEV), a Chinese Smart EV company.
The product will be …
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