BorgWarner and FinDreams Battery, a subsidiary of BYD Company Limited, have joined forces to create a strategic relationship agreement that will redefine the world of battery technology. As part of this exclusive collaboration, BorgWarner becomes the sole non-OEM localized manufacturer with the rights to localize Lithium Iron Phosphate (LFP) battery packs for commercial vehicles.
This groundbreaking 8-year agreement not only grants BorgWarner the ability to manufacture LFP battery packs using FinDreams Battery’s innovative blade cells, but it also gives the company access to FinDreams Battery’s intellectual property concerning battery pack design and manufacturing processes.
Frédéric Lissalde, President and CEO of BorgWarner, expresses his confidence in the partnership, stating, “We firmly believe that FinDreams Battery is the perfect partner for BorgWarner in this domain, given their extensive experience and success in LFP batteries for the mobility sector across China and Europe.”
Micheal He, President and CEO of FinDreams Battery, highlights the advantages of the collaboration, stating, “Through our partnership with BorgWarner in localizing battery packs using FDB blade cells, we can leverage each other’s strengths, provide diverse and flexible options for international customers, and offer localized battery packs using FDB blade cells.”
He further emphasizes their shared vision of hassle-free battery usage and their commitment to accelerating the electrification of the global commercial vehicle market.
This strategic partnership is a significant milestone that sets the stage for a transformation in the landscape of battery technology. BorgWarner’s expertise combined with FinDreams Battery’s cutting-edge innovations promises to revolutionize the future of commercial vehicle batteries. With the integration of their resources and capabilities, they are poised to pave the way for a greener and more sustainable transportation industry.
BorgWarner and FinDreams Battery have formed a strategic relationship agreement to redefine battery technology. BorgWarner will become the sole manufacturer of Lithium Iron Phosphate (LFP) battery packs for commercial vehicles. This 8-year agreement allows BorgWarner to use FinDreams Battery’s blade cells and access their intellectual property on battery pack design and manufacturing.
Frédéric Lissalde, President and CEO of BorgWarner, expresses confidence in the partnership, stating that FinDreams Battery is the ideal partner given their experience and success in LFP batteries for the mobility sector in China and Europe.
Micheal He, President and CEO of FinDreams Battery, highlights the advantages of the collaboration, stating that by partnering with BorgWarner, they can provide diverse options and offer localized battery packs for international customers using FDB blade cells.
Both companies share a vision of hassle-free battery usage and are committed to accelerating the electrification of the global commercial vehicle market.
This partnership marks a significant milestone that will transform the battery technology landscape. BorgWarner’s expertise combined with FinDreams Battery’s innovations promises to revolutionize commercial vehicle batteries, leading to a greener and more sustainable transportation industry.
Definitions:
1. Non-OEM: Not manufactured by the original equipment manufacturer (OEM). In this context, BorgWarner is the sole non-OEM localized manufacturer for LFP battery packs.
2. Lithium Iron Phosphate (LFP): A type of lithium-ion battery with an electrode material made of lithium iron phosphate. Known for its safety, long cycle life, and high thermal stability.
3. Blade cells: Innovative battery cells developed by FinDreams Battery. The article does not provide specific details on the technology.
4. Intellectual Property: Exclusive rights to certain designs, processes, or inventions. FinDreams Battery grants BorgWarner access to their intellectual property related to battery pack design and manufacturing processes.
Related Links:
1. BorgWarner: Link to the official website of BorgWarner, where more information about the company can be found.
2. BYD Company Limited: Link to the official website of BYD Company Limited, the parent company of FinDreams Battery. Provides information about the company’s products and services.
3. FinDreams Battery: Link to the official website of FinDreams Battery. Provides information about their battery technology and solutions for different industries.