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- BorgWarner signs agreement to manufacture FinDream’s (BYD subsidiary) LFP batteries in Americas, Europe, and Asia Pacific for commercial vehicle market
BorgWarner signs agreement to manufacture FinDream’s (BYD subsidiary) LFP batteries in Americas, Europe, and Asia Pacific for commercial vehicle market
BorgWarner Inc. has announced an agreement with FinDreams Battery, a subsidiary of BYD Company Limited to be the sole non-OEM manufacturer of their LFP cells for electric commercial vehicles.
Borgwarner will manufacture FinDream’s battery blade cells in Europe, the Americas, and select regions of Asia Pacific, set for an 8-year partnership.
BorgWarner will also receive a license from FinDreams Battery to use its intellectual property related to its battery pack design and manufacturing process.
Frédéric Lissalde, President and CEO of BorgWarner, stated, “The lithium iron phosphate battery chemistry is an exciting technology that is becoming increasingly important globally due to its cost competitiveness. We have seen increased demand from our customers for packs with LFP cells. We believe FinDreams Battery is right for BorgWarner in this area, with its 20-plus years of experience and success in LFP batteries for the mobility sector across China and Europe. We are excited to work together to develop cutting-edge cell and battery pack technology to further electrify this market segment.”