BorgWarner, FinDreams Battery tie-up for LFP battery packs
POWER & RENEWABLE ENERGY

BorgWarner, FinDreams Battery tie-up for LFP battery packs

BorgWarner announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company. Under this agreement, BorgWarner will be the only non-OEM localised manufacturer, unaffiliated with FinDreams Battery, with rights to localise LFP battery packs for commercial vehicles utilising FinDreams Battery blade cells in Europe, the Americas, and select regions of Asia Pacific. The duration of the agreement is eight years.

In addition to receiving state-of-the-art blade cells for manufacturing LFP battery packs in the covered geographies, BorgWarner will receive a license from FinDreams Battery to use FinDreams Battery's intellectual property related to its battery pack design and manufacturing process.

"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," said Frédéric Lissalde, President and CEO of BorgWarner. "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"

Micheal He, President and CEO of FinDreams Battery, said, At the key timing of complicated geopolitics and starting point of lithium ion phosphate electrification for overseas commercial vehicles, the overseas localisation cooperation with BorgWarner on battery packs using FDB blade cells in the territory takes the advantages of each other's strengths, provides diversified and flexible options for overseas customers, and also offers extra access to localised battery packs using FDB blade cells for overseas customers. 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.

BorgWarner announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company. Under this agreement, BorgWarner will be the only non-OEM localised manufacturer, unaffiliated with FinDreams Battery, with rights to localise LFP battery packs for commercial vehicles utilising FinDreams Battery blade cells in Europe, the Americas, and select regions of Asia Pacific. The duration of the agreement is eight years. In addition to receiving state-of-the-art blade cells for manufacturing LFP battery packs in the covered geographies, BorgWarner will receive a license from FinDreams Battery to use FinDreams Battery's intellectual property related to its battery pack design and manufacturing process. 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, said Frédéric Lissalde, President and CEO of BorgWarner. 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 Micheal He, President and CEO of FinDreams Battery, said, At the key timing of complicated geopolitics and starting point of lithium ion phosphate electrification for overseas commercial vehicles, the overseas localisation cooperation with BorgWarner on battery packs using FDB blade cells in the territory takes the advantages of each other's strengths, provides diversified and flexible options for overseas customers, and also offers extra access to localised battery packs using FDB blade cells for overseas customers. 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.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?