Automotive supplier BorgWarner has entered into a strategic partnership with BYD’s subsidiary FinDreams Battery. Under the terms of the agreement, BorgWarner will be the preferred manufacturer of LFP battery packs for commercial vehicles in Europe, the Americas and select regions of Asia Pacific over the next eight years. BorgWarner will have access to FinDreams’ blade cells for the production of battery packs in these regions.
Permission for design and manufacturing process
As a result, BorgWarner will be the only “non-OEM localized manufacturer not affiliated with FinDreams Battery” to offer LFP battery systems based on FinDreams’ blade cells. The agreement also grants BorgWarner a license to use FinDreams Battery’s intellectual property related to the design and manufacturing process of the battery packs. According to BorgWarner, LFP chemistry has become increasingly important worldwide in recent years due to its price competitiveness. The company says it is seeing increasing demand from its customers for such battery packs.
