BorgWarner has announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Limited. This collaboration positions it as the exclusive non-OEM localised manufacturer with rights to localise Lithium Iron Phosphate (LFP) battery packs for commercial vehicles. The agreement spans Europe, the Americas, and select regions of the Asia Pacific, solidifying a partnership that is set to reshape the landscape of battery technology.
This exclusive 8-year agreement empowers BorgWarner to manufacture LFP battery packs utilising FinDreams Battery's advanced blade cells. Beyond manufacturing rights, BorgWarner will also gain access to FinDreams Battery's intellectual property related to battery pack design and manufacturing processes.
Frédéric Lissalde, President and CEO of BorgWarner, stated, “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.'
Micheal He, President and CEO of FinDreams Battery, said, 'The overseas localisation cooperation with BorgWarner on battery packs using FDB blade cells takes the advantages of each other’s strengths, provides diversified and flexible options for overseas customers, and offers extra access to localised battery packs using FDB blade cells.'
He further added, 'Devoted to the vision of ‘let people use batteries carefree,’ FDB will cooperate with BorgWarner to make joint efforts for the speedy electrification of the overseas commercial vehicle market.'