# 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.

- Type: Acquisition
- Announced: 2019-05-07
- Where: United States
- Status: announced
- Products: battery modules, battery packs, battery management systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md)
- [Romeo Power Technology](https://endata.com/companies/39339.md) (target)

## Sources

- [borgwarner.com](https://www.borgwarner.com/newsroom/press-releases/2019/05/07/borgwarner-announces-new-joint-venture-which-will-add-battery-packs-to-its-broad-propulsion-portfolio), 2019-05-07: "This new joint venture will be split 60/40 with BorgWarner obtaining the larger share."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.