Garrett Motion Inc. is a global provider of automotive technology, specializing in turbocharging, electric-boosting, and connected vehicle solutions. The company's core business model revolves around designing and manufacturing forced induction systems for light and commercial vehicle original equipment manufacturers (OEMs), as well as the independent aftermarket. Garrett's product portfolio includes gasoline and diesel wastegate turbochargers, variable geometry turbochargers (VNT), electric turbos (E-Turbo), and electric compressors for mild hybrid and fuel cell vehicles. The company is also expanding its zero-emission technology offerings, including high-speed E-Powertrains and E-Cooling compressors for both mobility and industrial applications.
Geographically, Garrett operates worldwide with manufacturing and engineering facilities across North America, Europe, and Asia. The company generates revenue primarily through the sale of its turbocharger products to major global automakers. Approximately 55% of its revenue comes from light vehicle OEMs, 20-30% from commercial vehicle OEMs (including on-highway and off-highway equipment), and around 22-25% from the global aftermarket. Competitively, Garrett leverages its 70-year history (originating as Garrett AiResearch) and extensive intellectual property to maintain a strong market position in emission reduction and energy efficiency technologies. The company was spun off from Honeywell International in 2018 and emerged from a Chapter 11 restructuring in 2021 with a strengthened balance sheet, allowing it to continue investing in zero-emission and connected vehicle software solutions.
