Mexican Media Brands
BorgWarner Forms JV with Battery Startup
BorgWarner Inc. and Romeo Systems Inc., a California-based battery startup, are forming a joint venture to supply integrated battery systems for electrified vehicles.
Share
BorgWarner Inc. and Romeo Systems Inc., a California-based battery startup, are forming a joint venture to supply integrated battery systems for electrified vehicles.
BorgWarner will own 60% of the unnamed venture, with Romeo holding the remaining 40%. As part of the deal, which is expected to close by the end of June, BorgWarner also will acquire a 20% stake in Romeo.
Initially, the partners plan to focus on lithium-ion battery applications for electrified performance and passenger vehicles. Their battery modules will feature “intelligent” management systems with proprietary algorithms for enhanced performance and cycle life, according to the companies. Advanced active and passive cooling technologies also are in the works.
Romeo was founded in 2015 by a group of former engineers from Tesla, SpaceX and Samsung. The company opened an automated 113,000-sq-ft production facility near Los Angeles in late 2017.
RELATED CONTENT
-
Behind the Chevrolet Bolt
There are some cars that are simply profoundly important than others, and when it comes to cars introduced of late, the Chevrolet Bolt is certainly one of those particularly notable cars.
-
Mustangs, Camaros and F-150s
If you’re shopping for a Mustang, you’re faced with a variety of choices, not simply in terms of the color or the wheels that you’re going to be applying to your ride, but in terms of which model you’re going to select.
-
Revolutionary Hydrogen Storage Tank Design Could Propel H2 Deployment
Rather than storing hydrogen in a large cylindrical tank, Noble Gas has developed a conformal system
