Top 5 Battery Manufacturers in USA

2. BorgWarner Inc. (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) is one of the biggest automotive companies in America, recording revenue of of $15.8 billion in 2022. In 2023, BorgWarner Inc. (NYSE:BWA) saw its share price decline by over 3%. In 2022, the company purchased Akasol, a major battery producer.

Ariel Investments said the following about BorgWarner Inc. (NYSE:BWA) in its first-quarter 2023 investor letter:

“Several stocks in the portfolio had strong returns in the quarter. Leading supplier of solutions for combustion, hybrid and electric vehicles BorgWarner Inc. (NYSE:BWA) increased following a top- and bottom-line earnings beat, as well as a solid financial guidance for 2023, despite foreign currency headwinds. Meanwhile, BWA continues to successfully execute on its Charging Forward initiative and remains on track to deliver $4 billion in electric vehicle sales by 2025. In our view, BWA’s electric motor and driveline technology offerings position the company to grow intrinsic value throughout the evolution in the hybrid and electric vehicles market.”