BorgWarner has expanded its capabilities in electrification by agreeing to form a joint venture with Romeo Power Technology, a battery module and pack supplier. This new joint venture will be split 60/40 with BorgWarner obtaining the larger share.
“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,” said Joel Wiegert, president and general manager BorgWarner Morse Systems.
BorgWarner believes the collaboration will lead to battery modules and packs that include intelligent battery management systems with proprietary algorithms for enhanced performance and cycle life, as well as proprietary thermal engineering for active and passive cooling.
The addition of battery packs will increase BorgWarner’s existing product portfolio for hybrid and electric vehicles that includes electric motors, power electronics, high-voltage battery heaters, eAxle iDMs, and onboard battery chargers.
“This joint venture will help Romeo take a big step in the battery mobility sector by adding BorgWarner’s scale and resources,” said Michael Patterson, Romeo Power Technology founder and CEO.
“Romeo has a fantastic team that has accomplished a lot in the last four years. And now we’ll continue our progress, with the ability and resources to grow and accomplish our mission of advancing energy technology.”