ITHACA, NY (607NewsNow) — According to SeekingAlpha, BorgWarner (BWA) has announced a series of contracts with North American and European OEMs, including its first 48V electric cross differential program award and a supply agreement for a turbine generator system for the data center market.

Better-than-expected fourth quarter results helped lift BorgWarner (BWA) shares to their highest level on record.

Before the open, the company announced a record number of light vehicle awards across its Foundational and eProduct portfolios that are expected to accelerate profitable growth in 2027 and counter the anticipated downturn in EV sales.

These include an agreement to supply its variable turbine geometry turbocharger to a major European OEM for its hybrid electric vehicle, an agreement for 800V integrated drive modules and generator module to support range-extended electric vehicle production, and a Master Supply Agreement with TurboCell for a modular turbine generator system to power data centers.

Find more information on SeekingAlpha here.