BYD subsidiary to supply battery cells for BorgWarner CV battery packs
By Luke Willetts - 27th March 2024
USA / China – CV powertrain components giant, BorgWarner Inc of Auburn Hills, Michigan, USA, has announced that it will use FinDreams Battery (a subsidiary of BYD Co Ltd) pack design and cells to manufacture lithium iron phosphate (LFP) battery packs for the European, North American and Asian Pacific Commercial Vehicle (CV) markets. The 8-year manufacturing and intellectual property deal signifies the strength of FinDreams battery chemistry as many OEMs are turning to LFP batteries for their lower cost compared to nickel manganese cobalt (NMC) alternatives.
Frédéric Lissalde, President and CEO of BorgWarner said: