BorgWarner will manufacture LFP battery packs addressed to electric commercial vehicles using FinDreams Battery blade cells, with FinDreams being a subsidiary of Chinese EV and battery giant BYD. FinDreams blade cells were officially presented in 2020 in Europe, the Americas, and select regions of Asia Pacific. The duration of the above mentioned agreement is 8 years.

BorgWarner’s battery capabilities build back on the purchase of German battery module producer Akasol in 2021. Among others, Akasol supplies its battery packs to Daimler Truck for its Mercedes-Benz electric heavy vehicles. The company has been primarily focusing on NMC formula, but under BorgWarner group the LFP chemical has been added in the portfolio, as “there has been a significant increase in energy density”, as explained by Andreas Vath, Manager Advanced and Application Development to our sister platform Sustainable Bus.

BorgWarner’s battery packs: something more on the agreement with FinDreams

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.” 

Highlights

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