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Exhibit 99.1 Immediate Release Contact : Patrick Nolan 248.754.0884 BORGWARNER WINS TWO ADDITIONAL INVERTER AWARDS , PROVIDES CHARGING FORWARD UPDATE AND REPORTS THIRD QUARTER RESULTS Auburn Hills , Michigan , November 3 , 2021 - BorgWarner Inc. ( NYSE : BWA ) today reported third quarter results . New Program Awards and Charging Forward Highlights : . • • The Company secured an award for a North American inverter program with a Global OEM , expected to launch in 2024 . • This high - voltage silicon carbide inverter program is the company's largest inverter award to date in terms of expected annual revenue . The business award also marks the company's first major silicon - carbide - based ( SiC ) inverter win for the North American market . The Company also announced an 800V SiC inverter award with a German OEM , expected to launch in early 2025 . • This award expands existing 400V inverter business with this German OEM by adding 800V technology . Including these two announcements , the Company has now booked electric vehicle programs with annual revenue expected to be approximately $ 2.3 billion in 2025 . • This booked business represents more than 90 % of the company's targeted organic electric vehicle revenue of $ 2.5 billion by 2025 per its Charging Forward initiative . Third Quarter Highlights : • • • U.S. GAAP net sales of $ 3,416 million , up 35 % compared with third quarter 2020 . ° Excluding the impact of foreign currencies and the net pro forma impact of acquisitions and divestitures , organic sales were down 7 % compared with third quarter 2020 . U.S. GAAP net earnings of $ 0.40 per diluted share . о Excluding the $ ( 0.40 ) per diluted share related to non - comparable items ( detailed in the table below ) , adjusted net earnings were $ 0.80 per diluted share . U.S. GAAP operating income of $ 253 million , or 7.4 % of net sales . о Excluding the $ 58 million of pretax expenses related to non - comparable items , adjusted operating income was $ 311 million . Excluding the impact of non - comparable items , adjusted operating income was 9.1 % of net sales . Net cash provided by operating activities of $ 142 million . ⚫ Free cash flow was $ ( 10 ) million . 1