BorgWarner, a U.S.-based automotive company, announced a strategic partnership with Findreams Battery, a subsidiary of BYD Battery. Under the agreement, BorgWarner will produce Findreams' blade batteries. Under the agreement, BorgWarner will be the preferred manufacturer of lithium iron phosphate battery packs for Findreams blade batteries for commercial vehicles (Level 3 and above) in Europe, the Americas and parts of Asia Pacific. The term of the contract is eight years.
In addition to the battery** agreement, the companies agreed that "BorgWarner will obtain a license from Findreams Battery to use Findreams Battery's intellectual property relating to its battery pack design and manufacturing process." ”
Lithium iron phosphate battery chemistry is an exciting technology that is becoming increasingly important globally due to its cost competitiveness. We are seeing an increasing demand from our customers for LFP battery packs. Frédéric Lissalde, President and CEO of BorgWarner. "We believe FinDreams Battery is the right choice for BorgWarner, which has more than 20 years of experience and success in the mobility sector in China and Europe. ”
Michel He, President and CEO of Findreams Battery, added, "At a critical time in the complex geopolitics and the electrification of lithium iron phosphate for overseas commercial vehicles, the two complementary advantages of BorgWarner's overseas localization of battery packs using FDB blade batteries in China provide diversified and flexible options for overseas customers, and provide overseas customers with additional opportunities to obtain localized battery packs using FDB blade cells." ”
BorgWarner offers a wide range of EV components, such as inverters with silicon carbide semiconductors or entire electric drives. In 2021, the American company acquired Akasol, a German specialist in battery packs for commercial vehicles based in Darmstadt. Whether Akasol, which has so far sourced batteries from Samsung SDI, is also involved in assembling battery packs using Findreams' LFP batteries is not mentioned in the deal's press release.