BorgWarner launches joint venture with Romeo Power

BorgWarner announced a joint venture with Romeo Power Technology, with BorgWarner holding a 60% majority stake and a 20% stake in Romeo Power. The JV will produce battery modules and packs for hybrid and electric vehicles.

“This joint venture will not only complement our strong existing propulsion portfolio, but we expect it to fill a gap in the marketplace between battery cell manufacturers and hybrid and electric vehicle customers.”electrive.com

• 2 sources
• electrive.comUSA: BorgWarner launches JV with Romeo Power - electrive.comChris RandallMay 7, 2019
• news.futunn.comClarios announces Chinese name/BorgWarner establishes a new joint venture | Review of auto parts companies' hot topics in the first half of MayMay 16, 2019

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