10 Best Electric Vehicle Supply Chain Stocks to Buy Right Now

4. BorgWarner Inc. (NYSE:BWA)

 Number of Hedge Fund Holders: 43

Market Cap: $9.53 billion

BorgWarner Inc. (NYSE:BWA) is one of the best electric vehicle supply chain stocks to buy right now. On September 3, Baird upgraded BorgWarner Inc. (NYSE:BWA) from Neutral to Outperform while increasing its 12-month price target from $41 to $52, implying an 18.1% upside from the current level of $44.03 at the end of the trading session of September 5.

The firm cited the company’s cyclical exposure and favorable leverage to hybrid vehicles. Baird also noted the company’s consistent execution, which it said was also a positive.

BorgWarner, which designs and manufactures essential EV systems and components, posted a strong Q2 2025, highlighted by a 31% surge in light vehicle eProduct sales and continued new business wins. While the company reported flat overall organic sales, net margin rose to 6.16%,  compared to 4.47% in the previous quarter, despite tariff headwinds.

The company said that it secured multiple foundational and EV-related product awards, including those for turbochargers and electric inverters. BorgWarner remains committed to strategic M&A with strict financial discipline and sees continued global demand for its powertrain technologies across EV, hybrid, and combustion platforms.

The stock is trading at a reasonable forward P/E of 11.14x, and is expected to see solid, if not robust growth over the next few years, which supports Baird’s upgrade.