# 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.

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

## Companies

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

## Sources

- [electrive.com](https://www.electrive.com/2019/05/07/borgwarner-launches-jv-with-romeo-power/), 2019-05-07: "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."
- [news.futunn.com](https://news.futunn.com/en/post/2842003/clarios-announces-chinese-name-borgwarner-establishes-a-new-joint-venture), 2019-05-16: "this joint venture not"

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