BorgWarner forms joint venture with Romeo Power Technology for battery packs

BorgWarner agreed to form a joint venture with Romeo Power Technology, with BorgWarner obtaining a 60% share, to develop and supply battery modules and packs for hybrid and electric vehicles.

“This new joint venture will be split 60/40 with BorgWarner obtaining the larger share.”borgwarner.com

• 1 source
• borgwarner.comBorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion PortfolioMay 7, 2019

Summarized from public sources; check the original articles before acting on it.