PHINIA

What PHINIA does

PHINIA Inc. (NYSE: PHIN) is an independent, publicly traded industrial supplier headquartered in Auburn Hills, Michigan, formed in 2023 through the spin-off of BorgWarner's Fuel Systems and Aftermarket segments. The company designs and manufactures precision fuel injection systems (GDi injectors operating at 500+ bar, diesel fuel injectors up to 3,000 bar, high-pressure common rails for light-, medium-, and heavy-duty applications), electrical systems (heavy-duty and light-vehicle starters and alternators), ignition systems (FlexiSpark capacitive ignition, inductive systems up to 45kV, small engine ignition), and an emerging portfolio of hydrogen and alternative fuel solutions (DI-CHG hydrogen injectors, MULTEC 3.5 PFI hydrogen and CNG injectors, high-flow H2 PFI injectors). It also sells diagnostic and test equipment through its Hartridge brand and the Delphi aftermarket platform, which together with Delco Remy serve independent aftermarket and OE dealer channels in over 150 countries via 2,750+ service centers.

PHINIA operates across four primary end markets: commercial vehicles (Class 4-8), light commercial and passenger vehicles (Class 1-3), off-highway and industrial (construction, agriculture, marine, power generation with 20-25 year service life requirements), and aerospace & defense. The company monetizes primarily through direct B2B OEM supply contracts with multi-year platform integration, complemented by aftermarket parts and remanufactured product sales through Delphi, Delco Remy, and Hartridge brand channels. Its global footprint spans approximately 40 locations in 20 countries with roughly 12,500 employees, and it reported $3.48 billion in 2025 net sales and $878 million in Q1 2026 net sales (up 10.3% year-over-year), with 2026 guidance of $3.52-$3.72 billion and Q1 2026 adjusted EBITDA of $115 million at a 13.1% margin.

The company's strategic positioning centers on sustaining combustion-engine technology through advanced precision engineering and emissions compliance (Euro 7, EPA 2027) while simultaneously investing in hydrogen and alternative fuel propulsion. Recent strategic moves include the August 2025 acquisition of Swedish Electromagnet Invest AB (SEM) for approximately $47 million to add gaseous fuel ignition capabilities, a $450 million senior notes offering in September 2024, and a portfolio of hydrogen development partnerships with Aramco (first homologated Euro 7 H2ICE LCV), Cummins and Johnson Matthey (Project Brunel 6.7L hydrogen ICE), Alpine Racing (Alpenglow motorsports prototype), and GCK Group (V8 hydrogen retrofit). PHINIA also recently secured a CNG fuel rail win in India (third consecutive alternative fuel program), a direct injection fuel rail contract with a major Chinese OEM for a luxury SUV, and a jet fuel direct injector program for an unmanned aerial drone engine.

Name

PHINIA

Legal name

PHINIA Inc.

Website

https://phinia.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

PHINIA Inc. (NYSE: PHIN) is an Auburn Hills, Michigan-based independent supplier of precision fuel injection, electrical, ignition, and hydrogen and alternative fuel systems, plus aftermarket parts under Delphi, Delco Remy, and Hartridge, serving global OEMs and aftermarket channels across commercial vehicles, light vehicles, off-highway, and aerospace & defense.

Ownership category

akta.pro rank

Product category

Automotive Fuel Systems & Components

NAICS

Motor Vehicle Gasoline Engine and Engine Parts Manufacturing (336310), Motor Vehicle Gasoline Engine and Engine Parts Manufacturing (33631), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Fluid Power Pump and Motor Manufacturing (333996)

SIC

Wholesale-Motor Vehicle Supplies & New Parts (5013), Motors & Generators (3621)

akta.pro primary industry

Passenger Vehicle Fuel System Manufacturing (ICE) (IMACAAAH)

akta.pro secondary industries

Passenger Vehicle Engine Systems Manufacturing (ICE) (IMACAAAF), Internal Combustion Engine (ICE) Manufacturing (Gasoline/Diesel) (IMACAHAA)

Keywords

• Fuel injection systems
• Electrical systems components
• Hydrogen fuel injectors
• Automotive aftermarket parts
• Alternative fuel systems

Headquarters

HQ city

Auburn Hills

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Original Equipment (OE) Components: Manufacture and supply of fuel systems, electrical systems, and related components to OEMs for new vehicle production across commercial vehicles, light vehicles, and industrial applications
2. Aftermarket Products and Solutions: Sale of replacement parts, remanufactured products, and diagnostic equipment through OE dealer networks and independent aftermarket channels under Delphi, Delco Remy, and Hartridge brands
3. Alternative Fuel Systems: Hydrogen, CNG, and other alternative fuel injection and ignition systems for new vehicle platforms and retrofit applications

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

PHINIA manufactures and supplies premium fuel systems, electrical systems, and aftermarket solutions for internal combustion engines and alternative fuel applications. Its portfolio spans gasoline direct injection (GDi) components, diesel fuel injectors and common rails operating up to 3,000 bar, starters and alternators, capacitive and inductive ignition systems, and hydrogen and CNG/LNG injection systems for H2ICE vehicles. Products are sold to OEMs through direct enterprise sales and distributed globally under the DELPHI, DELCO REMY, and HARTRIDGE brands through over 2,750 service centers in 150+ countries.

Product overview

PHINIA is a diversified industrial supplier providing fuel systems, electrical systems, and aftermarket solutions for internal combustion engines across commercial vehicles, light vehicles, and off-highway applications. The product portfolio operates as a platform-plus-modules architecture centered on fuel system components (GDi injectors, diesel injectors, common rails, fuel pumps), electrical systems (starters, alternators), ignition systems (capacitive, inductive, FlexiSpark), and hydrogen/alternative fuel solutions. The company's three main aftermarket brands—DELPHI, DELCO REMY, and HARTRIDGE—serve the independent aftermarket channel through the OE dealer network. Hydrogen Solutions including DI-CHG injectors and MULTEC 3.5 PFI hydrogen injectors represent emerging technology offerings, while alternative fuel systems cover CNG and LNG applications. The recent acquisition of Swedish Electromagnet Invest AB (SEM) expanded capabilities into gaseous fuel ignition systems for commercial and industrial markets.

Differentiator

Problem solved

Functional benefit

Brands

• Delphi: Aftermarket brand for gasoline fuel systems, diesel fuel systems, maintenance solutions, engine management and vehicle electronics with presence in more than 150 countries and over 2750 service centers
• Delco Remy
• Hartridge

Products and services

• GDi Fuel Injectors and Rails High-pressure gasoline direct injection (GDi) fuel injectors, fuel rails, and fuel pumps designed for passenger cars, light vehicles, and hybrid powertrains. Operate at 500+ bar pressure with optimized design and manufacturing practices for minimal pressure fluctuations and improved pump efficiency.
• Diesel Fuel Injectors (DFI1, DFI2) Precision diesel fuel injectors delivering consistent fuel delivery at up to 3,000 bar pressure, with optional closed-loop header technology for enhanced on-board diagnostics. DFI1 targets light duty applications up to 175kW and DFI2 targets medium duty on- and off-highway applications up to 250kW (60kW/cylinder).
• Common Rail Systems High-pressure fuel common rail systems covering light vehicle passenger car diesel, commercial diesel engines from 1,800-2,500 bar, and heavy-duty commercial and industrial applications up to 16L and 3,000 bar operating systems, with fabricated and forged rails and multiple sensor options.
• Fuel Delivery Modules and Pumps In-tank fuel delivery modules with modular design accommodating a wide range of global applications; brushless fuel pumps for gasoline, flex, and diesel fuel types; and electric pumps (E-Pumps) for cooling, lubrication, and ventilation systems with integrated brushless motor and controller. Diesel fuel pumps include DFP8 (heavy-duty), DFP6.2, and DFP4 (light/medium-duty remotely mounted).
• Hydrogen Fuel Injectors Complete hydrogen fuel system solutions including DI-CHG direct injection hydrogen fuel injectors for high-performance H2ICE applications, MULTEC 3.5 PFI hydrogen port fuel injectors with precise gaseous fuel delivery, and high-flow PFI hydrogen injectors for higher-volume hydrogen combustion.
• Alternative Fuel Systems (CNG/LNG) Fuel injection solutions for compressed natural gas (CNG) and liquefied natural gas (LNG), including DI-CNG injectors and MULTEC 3.5 PFI CNG injectors for commercial, industrial, and off-highway alternative fuel vehicles.
• Starters and Alternators Starter motors and alternators for commercial vehicles, off-road, and light vehicle applications. Heavy-duty starters designed for extreme thermal conditions with superior cranking power, reliability, and durability. Light vehicle starters feature optimized clutch design with high/low temperature ratings. Alternators include remote sense voltage and temperature sensors for improved efficiency, longer battery life, and reduced noise.
• Ignition Systems (FlexiSpark, Capacitive, Inductive) Ignition systems including FlexiSpark next-generation capacitive ignition (H2-ready with significant spark plug wear reduction), capacitive ignition with up to 40kV spark voltage, ion sense peak pressure location, misfire and knock detection, and inductive ignition with up to 45kV spark voltage and spark current monitoring.
• PECU300 Electronic Control Unit Electronic control unit (ECU) for system integration and calibration applications across PHINIA's fuel and ignition system platforms.
• Hartridge Fuel Injection Test Equipment Fuel injection test equipment and diesel test solutions sold under the Hartridge brand, recognized globally for performance, accuracy, and reliability since 1930, serving the aftermarket and OEM service markets.
• Delphi Aftermarket Parts Aftermarket replacement parts under the DELPHI brand, including OE-specification fuel systems, diesel fuel systems, maintenance solutions, engine management, and vehicle electronics, distributed through over 2,750 service centers in 150+ countries with online catalog access via the Delphi Aftermarket Portal.
• Delco Remy Starters and Alternators Aftermarket starters and alternators sold under the DELCO REMY brand for commercial truck, bus, and off-highway applications, with over 125 years of brand heritage.

Quantifiable outcome

• 99% reduction in tailpipe CO2 emissions compared to diesel (hydrogen ICE vehicle)
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• AramcoflagshipStrategic or Co-development Partner · 4 May 2026Development partnership for first homologated hydrogen internal combustion engine (H2ICE) light commercial vehicle, certified under Euro 7 emissions standards with up to 99% tailpipe CO2 reduction and 500km range. Vehicle designed for light commercial and public transport applications.
• LTIMindtreecoreImplementation/ SI/ Consulting Partner · 2 April 2025Strategic transformation of PHINIA's IT infrastructure and application services. LTIMindtree leveraging AI and automation tools to help PHINIA manage operational risk, reduce application complexity, and improve business efficiency.
• CumminscoreStrategic or Co-development Partner · 13 March 2025Project Brunel collaboration for hydrogen-fuelled internal combustion engine for on-road vehicles. PHINIA contributed fuel system technology to the 6.7-litre H2-ICE engine achieving over 99% tailpipe carbon emissions reduction.
• Johnson MattheycoreStrategic or Co-development Partner · 13 March 2025Project Brunel collaboration partner contributing emission control and after-treatment evaluation for hydrogen ICE testing.
• Alpine RacingflagshipStrategic or Co-development Partner · 21 January 2025Technical partnership supplying DI-CHG direct hydrogen injectors for Alpenglow hydrogen-powered prototype. Also includes Delphi brand partnership with BWT Alpine Formula 1 Team featuring Delphi logo on single-seaters and commercial assets.
• GCK GroupcoreStrategic or Co-development Partner · 17 April 2024V8 hydrogen injection retrofit project for 1976 Jeep Cherokee - first of its kind high-powered H2ICE conversion. PHINIA supplied DI CHG10 Injector and Injector Driver with testing facility support.
• Solution FcoreStrategic or Co-development Partner · 17 April 2024Co-development partner in V8 hydrogen injection retrofit project for 1976 Jeep Cherokee, first H2ICE conversion of a high-powered V8 engine.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Denso: Denso Corporation is a major Tier-1 supplier of gasoline direct injection systems, diesel common rail injectors, and ignition components for OEMs worldwide, directly overlapping with PHINIA's core fuel systems and electrical systems businesses.
• Stanadyne: Stanadyne is a specialist manufacturer of diesel fuel injection systems and remanufactured components, directly competing with PHINIA's diesel fuel injector and common rail offerings in commercial vehicle and off-highway markets.
• Bosch: Robert Bosch GmbH is the global leader in automotive fuel injection systems, gasoline direct injection, and ignition technology, competing directly with PHINIA across passenger and commercial vehicle segments with comparable high-pressure injector and common rail portfolios.
• Hitachi Astemo: Hitachi Astemo supplies high-pressure fuel injection systems, ignition components, and electrical systems for passenger and commercial vehicles globally, with overlapping product portfolios and customer relationships with major OEMs similar to PHINIA.
• Woodward: Woodward designs and manufactures engine control systems, fuel injection components, and power conversion technologies for industrial, off-highway, and aerospace applications, overlapping with PHINIA's precision-engineered fuel systems and aerospace/defense portfolios.
• Vitesco Technologies: Vitesco Technologies, the powertrain spinoff of Continental, specializes in fuel injection, emission control, and electrification components, making it a direct competitor to PHINIA in ICE fuel systems and increasingly in alternative-fuel powertrains.

Broad incumbents

• Marelli: Marelli is a global automotive supplier of powertrain, ignition, and electronic components with overlapping offerings to PHINIA, particularly in ignition systems and engine management for passenger vehicles.
• BorgWarner: PHINIA's former parent BorgWarner remains a broader powertrain and electrification Tier-1, with overlapping commercial vehicle and emissions technologies; the two now compete in adjacent segments after the 2023 spin-off.
• Continental AG: Continental is a diversified automotive supplier with historic strength in ICE powertrain components and a broader product portfolio than PHINIA, providing overlap in fuel systems and electrical components across passenger and commercial vehicles.

Emerging players

• PurePower Technologies: PurePower Technologies specializes in remanufactured and new diesel fuel injectors and high-pressure common rail systems for commercial vehicles, representing a focused emerging competitor in a niche that overlaps with PHINIA's Delphi aftermarket portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/phiniainc
• YouTubeyoutube.com/phinia
• Facebookfacebook.com/phinia
• LinkedInlinkedin.com/company/phinia
• Instagraminstagram.com/phinia

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PHINIA