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Rhombus Energy Solutions (Borgwarner Inc.)

Company Profile Analysis

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Rhombus Energy Solutions (Borgwarner Inc.) - Automotive showcase

Year Founded & Workforce

1987

49,000 Employees

Industry

AutomotiveB2BB2C

Services

EV charging infrastructure
R

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Rhombus Energy Solutions (Borgwarner Inc.) Overview

Company Headquarters: Auburn Hills, US

Founded: 1987

Workforce: ~49,000

Company Working: BorgWarner Inc. is one the leading clean and efficient technology solution providers for combustion, electric and hybrid vehicles. The company's products enhance vehicle propulsion efficiency, performance, stability, and air quality. The company manufactures and sells these products across the globe, majorly to OEMs of light vehicles (sports utility vehicles, passenger cars, vans, and light trucks). BorgWarner also sells its product to the original equipment manufacturer of commercial vehicles (heavy-duty trucks, medium-duty trucks, and buses) as well as off-highway vehicles. Furthermore, the company also manufactures and sells its product to certain Tier One vehicle system suppliers and into the aftermarket light, commercial, and off-highway vehicles. The company has manufacturing facilities in America, Europe, and Asia and is the OEM supplier to various major automotive OEMs worldwide. BorgWarner Inc. acquired Rhombus Energy Solutions in August 2022.

Strategy

BorgWarner Inc has the strength & ability to develop products according to advanced technology intelligently and with innovative ideas. This has enabled it to become a well-established and expanding company in several high-growth markets. The company constantly invests in R&D activities to drive its technical expertise in a high-performance product category.

Company Snapshot

$10,168M

Revenue

49,000

Employees

1987

Founded

Auburn Hills, US

Headquarters

SWOT Analysis

Strengths

  • Strong presence in Europe market
  • Specific product line

Weaknesses

  • Dependence on a few key suppliers for certain components

Opportunities

  • Tapping technology creator market in EV charging stations
  • Expansion in new market

Threats

  • Exposure to competition from other market players in EV charging sector.
  • Potential disruptions in the supply chain due to global events, such as natural disasters or political instability.

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Key Developments

DateApproachDevelopment
May 2022Product launchRhombus Energy Solutions develops and manufactures bi-directional electric vehicle charging systems, including the EV2flex line of charging infrastructure, high-efficiency power conversion systems, and energy management system software for V2G Rhombus capable EV fleet charging, energy storage as well as microgrid applications.
January 2022Product launchRhombus Energy Solutions has developed next-generation "Rushmore" charging technology as well as architecture. The Rushmore architecture is based on Silicon Carbine semiconductor technology.
February 2021Product launchRhombus Energy Solution has developed a new bidirectional EV charging dispenser. Rhombus's bi-directional charger enhances vehicle-to-grid functionality, which allows fleet operators to return energy to the grid during peak demand hours.
February 2021PartnershipIoTecha Corp and Rhombus Energy Solution has done partnerships to provide end-to-end vehicle services for the medium and heavy-duty EV fleet market.

Product Offering

  • Rhombus Energy Solutions (Borgwarner Inc.)
    • EV charging infrastructure

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 10,168 Mn in 2019 to USD 14,838 Mn in 2021.
Rhombus Energy Solutions (Borgwarner Inc.) — By Business Segment
Series (USD Mn)201920202021
Sales10,16810,16514,838

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