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BorgWarner, an American original equipment supplier to most major automotive OEM, has announced a strategic partnership with FinDreams Battery, a subsidiary of BYD, to produce blade batteries. Under the agreement, BorgWarner will become the preferred manufacturer of LFP battery packs for FinDreams’ blade batteries used in commercial vehicles (Class 3 and above) in Europe, the Americas, and parts of the Asia-Pacific region. The contract duration is eight years.

In addition to the battery supply agreement, both companies have agreed that BorgWarner will obtain a license from FinDreams Battery to use the intellectual property related to FinDreams Battery’s battery pack design and manufacturing processes.

“The LFP battery chemistry is an exciting technology that is cost competitive in comparison with some other cell chemistries. We’re seeing increased demand from our customers for tax with LFP sales,” said Frédéric Lissalde, President and CEO of BorgWarner. “FinDreams Battery is right for BorgWarner in this area with over 20 years of experience in batteries with numerous successful product launches.”

Micheal He, President and CEO of FinDreams Battery, added, “At a critical time for geopolitical complexities and the electrification of commercial vehicles overseas with LFP batteries, the complementary strengths of both parties in the localization of battery packs using FDB blade batteries domestically and the overseas localization cooperation of BorgWarner’s battery packs with FDB blade cells offer overseas customers diversified, flexible options, and provide them with additional opportunities to procure domestically-produced battery packs using FDB blade cells.”

Source: WeChat Official Account—起点锂电

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