BorgWarner signs agreement for LFP battery packs

Becky Schultz Vice President of Content, Power Division

13 February 2024

BorgWarner Inc. announced it has signed an eight-year strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Limited, for the production of lithium iron phosphate (LFP) batteries.

Under the agreement, BorgWarner will be the only non-OEM localized manufacturer (unaffiliated with FinDreams Battery) with rights to localize LFP battery…

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