It also expects the eProducts segment, which makes parts for EVs and hybrids, to bring in revenues of US$2.3 billion to US$2.6 billion for 2023 and grow to US$5.6 billion in 2025.
"EV-focused M&A is tracking ahead of plan," the company said ahead of an investor meeting.
Michigan-based BorgWarner has over the past two years sharpened its efforts to become an EV supplier, snapping up five companies and spinning off its fuel systems and aftermarket segments into a separate firm.
Its clients - Volkswagen, General Motors and Ford - have also been trying to roll out more electrified models.
In its most recent quarter, BorgWarner posted lower-than-expected adjusted earnings as supply chain constraints continued to be a headwind.
